I think when you read posts from people who have just discovered this stock and the number of mentions it has received in the press lately, it might defy logic and continue to rise.
I'm also not sure whether the DOW will drop as the reporting season is just getting better.
This stock is the full punt, but I like the fact they only delayed the data room by two weeks. I have just spent the best part of several years in NXS and when they delayed there sale process it was for many months, so I would say that it's an encouraging sign that they have only extended for such a short period.
The other promising sign is that they seem to reasonable confident of a sizable find. While drilling is some way off, I would imagine that a partner would be keen to at least have a look, so the question will be what $$ figure they end up with no if. This is what will drive the sp in the near future
MEO Price at posting:
36.0¢ Sentiment: Hold Disclosure: Held
