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Good points Kozzie.

MEO management wouldnt want to be too concerned (one would hope) about HC type punters - here today gone tomorrow. Over the long term you cannot build a serious company based on the flighty support of daytraders/short term punters. The top twenty shareholders list is woeful. You need serious long term professional investors able to fund your growth. A couple of these guys would provide great buying support and credibility for the stock.

I would hope that MEO has struck a much better deal than one that just meets the minimum terms of the farm-in. It could be more cash up front, future production agreement and potential dealings with its other assets.

If speculation is correct than the giant company farminee would be a fantastic starting point - in terms of attributing respect/credibility to MEO management. This is an intangible that should not be underestimated when Management sits down with global giants and try to sell the Tassie Shoal story.

IMO, current MEO management has the drive and ability to take the company to the next level. It would be nice to see an announcement tomorrow .... this company has real potential so I am prepared to be patient.
Still, too much whinging going on... its a free world!

Cheers