MEL 0.00% 0.4¢ metgasco ltd

way forward for mel, page-4

  1. 351 Posts.
    Energiser, I believe that the preferred path for the many disenchanted shareholders was to progress with the Conventional well, Rosella, in an optimum location as soon as possible.

    I also understood that the Board agreed to do this and at the AGM said they were looking at drilling in March 2014.

    How many more variables can there be to sort out behind the scenes since the Company has been looking at this well and promising it for two years.

    The lack of activity (and news) is what is killing our share price. But as tomh pointed out, since the AGM the Board and management seem to have resumed their deep huddle mode.

    Is there a November, December or January Board meeting that will discuss these plans? Deep planning seems to be what the Board is good at but action and news flow seem to elude them.

    I can only hope they and Peter Henderson are more robustly on top properly distinguishing Rosella as a conventional target than you seem to be.
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