The way I see (who knows the market)Is it is good and bad.
Good: INTERNATIONAL and a MAJOR (Major being important) No collapse and FIRB will approve such a deal. No real complictaions I can see. Unlike some recent iron ore deals.
BAD: One month delay before annoucement on who. Very amateur IMHO. They would have know this needed FIRB and board approval so why give yourself a stupid 18th Nov deadline??????? Very poor mgt! Jurgen is looking a like a 1st timer - and/or gives opportunity for more sp volatility!
Anyone else like to add. Try to be objective - not all down ramping and not all ramping!
MEO Price at posting:
54.0¢ Sentiment: Buy Disclosure: Held
