I think you have received a number of thumbs up today from those shorting meo. I benefited as well because I had a partial fill at 0.19 cents and must have been the last, today at least, at that price as my order was 'good for day'.
Interesting little post that of yours as seruway may not be as clear cut as meo and others have made out. All that hype about te data room may have been to merely generate some hype... The sole drilling of Guarme is a bad outcome and mocks meo's recently reiterated business model of getting in early, proving prospects up and farming down with a free carry and refund of back costs. Regardless of the outcome of october's well, the decision not to farm out reflects poorly on meo's management as, not judged by me, but rather by the market/current sp.
For me, heron and Blackwood are the major deals along with the tsmp. Frankly, I would have preferred meo contribute towards the drilling costs of heron and farmed down to 10 - 25 percent of seruway.
The pace of Artemis drill bit suggests heron result will be known well before Guarme even if Guarme spuds on 01 October.
Good luck to all as next three to four weeks will see massive turnover one way or the other ....
MEO Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
