MEL 0.00% 0.4¢ metgasco ltd

suspending some!, page-48

  1. 155 Posts.
    agree.

    posters can bang on about greens and BOF but mel took a decision to walk away without knowing how much of its asset was in the 2km zone.

    realistically, what percentage of mel's resource could be in the 2km zone - 2, 5, 10%.

    even if it was 15%, is that reason to shut down an entire operation after a $100m investment.

    abbott may well be PM in 6 months but that's 6 months of drilling lost and round 1 to the greens - who will be there for round 2, 3, 4, 5, 6 etc.

    PH has some explaining to do as his reasons so far don't make any financial or political sense.
 
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