I wonder as to why they (MEL) are not looking at diversifying and/or investing into Lithium and Gold where the market is responding very favourably to those companies.
Gas and oil companies aren't faring very well at present with what is going on with the price of oil and where OPEC hasn't agreed to anything.
Yes we might be able to get a cheap company with what little money we have got, but we still have to endure the O&G glut that is prevailing at this moment in time, and also what the Saudis are intentionally doing with the production of oil....................IMHO I cannot figure that one out.
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