MEL only a few years ago had such promise. I remember them...

MEL only a few years ago had such promise. I remember them drilling and locating possible conventional gas. They promised to run flow testing etc as it was touted as the biggest discovery in 100 years. I remember waiting for 12 months and nothing ever happened.

The previous management was woeful at news releases. I remember them releasing full technical details on wells which meant nothing to most people without putting anything in plain english. They lost so much SP value in this alone.

I remember each raising was to propel MEL into possible production and nothing ever coming of it.

Once upon a time they seemed to be a small go getter company who were reliant on and loyal to shareholders. Now they don't seem to give a rats ar$e about who they burn as long as they are getting paid.

I suspect we are going to lose a huge shareholder base after this capital raising. I know I have now found better investments elsewhere. Even cash is better than MEL, at least you get paid for your time in Cash, not a promise that seems to vanish in thin ear after each capital raising.

MEL as I see it has been very poorly run over the past 2 or so years in particular.