I remember criticising RDI early on... and I was pretty much told to fob off and all that... I was told RDI is a major company this and that... and how could a poster argue with a gazillion dollar giant... how could a pee wee, know more than jack the muss and all that... I was laughed off this thread...
What you all did not realise, and what took me abit of time to realise was that RDI was a very poor partner, because it had to IPO, and as the markets started to deteriorate then it looked obvious that RDI Would not list any time soon...and the fact that RDI have little oil industry experience... whereas what MEO needed was a partner like woodside... not iron ore, steel nickle and all that, a real hands on Oil operator... Palmer picked up more than 10 million worth of MEO shares at 55cents... I think that says it all really...
RDI most likely wont list for years...
its one big sandwich... and kiwigeo is doing all the chomping... chomp chomp...
MEO Price at posting:
12.0¢ Sentiment: None Disclosure: Not Held