holy, there sure is a lotta stuff happening at MEL. you might almost be sayins too much stuff.
Certainly their forward planning is increasing their forward need for more capital. I wonder if an asset sale or farmin could help fill those ambitions?
They are two very good points you make about seam depth. There is exponentially more work involved in stripping the seam of its water to get it to flow if you do not have 100% saturation. but thats right ;) we have very low rates of water production so our ramp up should be quick and we should have low ongoing costs with respect to water management. pity about our ordinary perm though. Maybe santiago can get down there with his vuvazela and help open up dem pores.
I dont hold much hope for the Ipswich or Nymbodia coals as being producers considering the crazy depths they are at. weirder things have happened, like holy make sense. The ripley road looks pretty exciting.
Glenda seems to be doing a good job at pushing MEL out there. I hope there is no argy bargy going on.
Cheers,
SF
PS: Any chartists out there wanna have a chat about MELs chart. Looking good no?
MEL Price at posting:
47.0¢ Sentiment: Buy Disclosure: Held
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