absolutely agree jackfire, i didnt say anything at the time but...

absolutely agree jackfire, i didnt say anything at the time but given the record date is now over why would management give all these vultures time to get in with a $500 stake and share in any large upside at the expense of shareholders who got in before the newsletter? it truly truly doesnt make any sense at all.

Wait till kingfisher, if the SP has improved then you do a proportionate to current holding raise, it would be oversucribed and you raise the same amount of cash with less dilution. Now with the current raise it means we have a wall of short term sellers placing a limit on the SP.

as barnsty pointed out the market is usually not worng that often and im seeing why MEL seems to operate as such a large discount to its peers.