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METGASCO LTD (ASX:MEL)ELK PETROLEUM LIMITED (ASX:ELK) - Ann: MEL announces scrip merger with Elk Petroleum, 14495370, page-6 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
MEL ELK

dreaming again (have these sometimes) MEL was over 50 cents and...

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  1. hopefullguy
    99 Posts.
    clock Created with Sketch.
    22/12/14
    11:04
    Post #: 14495370
    dreaming again (have these sometimes) MEL was over 50 cents and having a bright future.... but woke up to see we are merging? all script? with a company that has a sp chart similar to us?

    i didnt put over 150k into a this company to end up being taken over by a comapny just as weak.. goodness me what hard negotiations must have taken place for this to happen.. better just give it all to santos etc... but i doubt they wanted mel. just goes to show what our investment is really worth when all we can get is paper from ELK !!!!!!
    ELK Price at posting: 3.6¢ Sentiment: None Disclosure: Not Held
    MEL Price at posting: 4.2¢ Sentiment: Sell Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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