woodgnome. I only have a source that is providing useless and unfounded speculation. The company has stated that it will be a farm in. It is fairly safe to assume they would have mentioned capital raising in their ASX announcement if they were doing one. I do understand that it's certainly not a takeover!
In terms of who the farm in is with, it's all guess work.
Could it be a Qld billionaire? Maybe. My opinion, unlikely. I would have thought that MEO would be looking for a partner who could provide the funding as well as the human resources and technical skills required to take advantage of some pretty complex assets.
Who knows-this is just one view and may be completely off the mark.
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