"I feel for all holders but let's spare a thought for : Noonday Asset Management bought 41 million shares at 24.5 cents less than one month ago in a placement ! That's $10m down to $3.2m." _________
Naaa, relaxan- spare no thought for them- think of yourself- it's probably your superannuation they are "investing". Besies, those figures to funds, may not be any more significant than a ration for retail holders, like $10,000 down to $3,200. In fact, the retail holder may hurt more, because funds can afford to "invest" for a decade- MEO may pick back up by then.
Fiendish, oilers aren't rising to pre-spud these days, are they? I've noticed that the rules of the game are changing all over. I look at a company like CVN, and its share price has crashed over a few weeks, like it has had a big duster- but it's just sentiment. About 40% down from the recent placement.
MEO Price at posting:
7.4¢ Sentiment: None Disclosure: Not Held
