Reading between the lines this looks a good chance for them giving back the 7.2 cents to shareholders in a few months. There may be some costs though associated with a wind up. Although someone could even probably buy up the volume to 6 cents on the sell side and probably make a decent return on just a wind up despite any costs.
Perhaps though they may only go for a capital return of 4 or 5 cents and leave a smaller shell listed for someone to takeover?
Anyway I am ok with this announcement.
MEL Price at posting:
5.8¢ Sentiment: Hold Disclosure: Held
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