I would say nothing has leaked. I believe it was just people bailing MEO to hop on board with MOG as MOG's side of the deal has now been substantially de-risked. Then once the volume of the bailers started to drop the SP...everyones stop losses started to go off which were probably all set to go in the 50's when MEO was trading in the 70's.
In all seriousness the Artemis factor had already been factored into the SP of MEO. MEO will end up with 20% of Artemis and have a MC of 230 million but a free carry through the drilling....while MOG will have 15% of Artemis with a MC of 24 million.....no brainer really!!!
People invested in MEO are not investing for Artemis they are investing for the Tassie shoal project.
Be patient everyone I dont think MEO's management are that stupid that they would give up Artemis.....but who knows???
under pressure and dropping away, page-93
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