So if it is similar to what they tried to invest in not that long ago, do you see this as needing an "update of strategy" that the trading halt announcement mentions?
I was just thinking perhaps it should of read that the trading halt is due to making an investment in the sector as per it's investment strategy.
I am probably off the mark but I interpreted the trading halt as they may need to communicate a strategy that is a little different to before. Perhaps that they can't find suitable investments and they may go down the track even looking for others to acquire them, maybe even on a scrip basis so that some shareholders can remain in the sector if they wish.
MEL Price at posting:
5.3¢ Sentiment: Hold Disclosure: Held
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