Given Metgasco Limited’s poor track record with regard to coal seam gas mining waste water and well leaks, its cynical media spin and contempt for democratic processes there is little sympathy on the NSW North Coast for this coal seam gas exploration and production company as its share price continues in free fall.
19 February trading volume was unusually high for this company and at least one local resident is speculating that Metgasco connections began to buy back shares yesterday once the price reached the minuscule 0.099 cents per share, in order to stop share value from plunging even lower.
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