Ann: MEL announces scrip merger with Elk Petroleum, page-9

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  1. 2,949 Posts.
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    Fantastic news on the surface. I'm going to have to do more reading on ELK but it appears to be a case of short term cash for what is currently ELK in exchange for longer term cashflow (in the tens of millions per year) to finance MEL's NSW operations. A genuine win/win at first glance.
 
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