Unfortunately there is a perception that Meo is broke and cant get a farmout and therefore needs a takeover...
The Small cap oil/gas /mining companys on the ASX are finding it difficult to get capital or farmouts because the POO has decreased by 60%...and comodities have tanked....
This is critical for companys with debt...those with Debt may need Administrators....those with no debt should survive till the POO recovers..
Meo has plenty of cash for around 2years of admin expenses and Zero debt....therefore has plenty of time..
Dyor
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