Ann: MEL announces scrip merger with Elk Petroleum, page-10

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  1. 507 Posts.
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    While I share your surprise about the way this is turning out, it is always possible that MEL management
    have their own reasons to change direction.

    Perhaps they are expecting a lump sum from the NSW government or a buy-out?

    I am only speculating of course but I think there is more to this than first meets the eye.
 
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