MEO 0.00% 0.0¢ meo australia limited

Mosman's BRILLIANT Plan B !, page-7

  1. 9,100 Posts.
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    Curiouswon, not sure of your logic. If a SH wants to claim a capital loss better to sell shares on the market - would be selling at a 22% discount at todays Meo price if they sold to MSMN, before taking into account all the hidden costs of doing business on the AIM as previously stated by Meo BOD. You are also assuming that small shareholders have sufficient gains to claim against losses, so my advice is if SH are thinking of selling to get a capital loss, sell on market and closer to June 30 (because if theMeo price spikes up, which I suspect it might, and SH decide to buy back into Meo later it is going to cost them more so any benefit is lost). Furthermore MSMN will be selling their Meo shares after 12 June IMO.

    Suspect the news has started leaking slowly so will be interesting who farm in partner is. Hoping it is not a pump and dump, but the volume not sufficiently high today to suspect pump and dump - this appears to me to be accumulation strategies in play. I still suspect farm in is with a non-ENI player. In terms of Cuba, the block Meo has held Cuba's first oil producing well from memory, and that that block, I think, borders or is close to Sheritt Internationals own block, with the Sheritt block having a producing well. Surely Meo's luck is going to change and they will find a oil/gas flow that is commercial, with obviously a good (farm in partner) backer. All positive here, but won't get carried away on any hype - still a long way to go to success.
 
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