Porker, I do agree with you that we might not have the money to...

Porker,

I do agree with you that we might not have the money to do other than to drill a well or two in Rosella, and possibly not the Management depth to take on such a task outside Clarence Morton either.

The point that I am trying to make here, is that the mushroom treatment dished out to us, is still very alive and well even after the last AGM.

From what I can understand there might be some disclosure issues at stake. Especially if one is to read Sections 674, 675, 676 and 677 of the Corporation Act. But that is IMO only, and what I am able to gather from those sections.

All of those sections have a part therein which refer to the fact if any person are of the belief that such a news would cause or have an influence in, or to have a material effect on the price or value of the securities of the entity.

While Sect. 676 mostly refers to as to how that information have become available (I.e. the media article which I made a mention to), Sect. 677 IMO is the one that is more specific to what I am saying.

Section 677 for instance is even clearer than the other three where is clearly states:


CORPORATIONS ACT 2001 - SECT 677

Sections 674 and 675--material effect on price or value

For the purposes of sections 674 and 675, a reasonable person would be taken to expect information to have a material effect on the price or value of ED securities of a disclosing entity if the information would, or would be likely to, influence persons who commonly invest in securities in deciding whether to acquire or dispose of the ED securities.



End of quotation.



Well Porker, I don't know about you or any other HC posters following these threads but, IMO, it could cause to influence the decision of an investor to either acquire or dispose MEL's shares.


Now I am fully aware that that decision might remain solely on what the Board might make of it but, IMHO, and especially since we had an article which was written and released publicly to the market on the 20th of November current saying something which we weren't made aware of, I believe that the Company should be releasing an announcement via the ASX in order to either confirm or deny what that article said.

Just have a good read of what those 4 Sections states in the Corporation Act, and what they are saying, and then come back to me. Especially the part in Sect.677 which has been highlighted above.

All of the above is of course based on my understanding of those Sections of the Act, but I would like to hear form someone else.

Good luck.