You are close Montec - I am concerned and sold half at A$.11 for a loss. I was hoping to buy at A$.05. Not sure what is causing the buying unless is pump and dump. Doubt it.
I invested in MEO a long time ago when I bought into KAR because of the Browse involvement. Still have stock but I am waiting to see what is going on before any additional investment.
Really need to see MEO cash position for the remainder of the year. MEO should have trouble raising cash unless they sell something or ENI gets a great deal.
G-day from this side of the pond.
Bob
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