"MEO has selected its preferred farminee and negotiations are at a very advanced stage. The final stages of what has been a thorough due diligence process are scheduled for the week of October 26th. Meetings to secure the requisite approvals to execute binding agreements have now been scheduled. The parties anticipate being in a position to execute binding agreements ahead of MEO’s AGM to be held on 18th November. A condition of the farm-in negotiations requires the identity of the preferred farminee together with the terms of the farm-in agreement to remain confidential until these final approvals have been obtained."
On this info, I expect we should get an announcement prior to AGM?
Thoughts holders?
MEO Price at posting:
57.0¢ Sentiment: LT Buy Disclosure: Held