I agree with you.The tragedy is that we may end up with a drilling shedule prior to a final sign off on a Farminee.
At least Clive Palmer signed off on a farm in deal quickly in late 2008 and put his money where his mouth was and lost the lot shortly after on the ZEUS duster...needless to say the fire brigades around the country were very busy putting out the flames from the burning asses (sic) of the MEO faithfull at that time.
It is not the drilling I am concerned about..it is the loss of credibility in MEO not telling us what the hell is going on.
Would you pay someone to stuff you around for a year and tease you and not please you...you do not even need to be pleased..you just need an update regularly.
Well the SH's have been paying a lot of money to the management to get a lot of cheaply produced Progress reports that tell us that things are advanced..very advanced..almost there..etc,etc.....Whats happened to the SP in the meantime..bombed..it is now at a low base compared to last years high where a lot of punters bought in above 75c on high volume.
Where is the fire brigade??I can smell the burning bacon!
Cheers
HR
MEO Price at posting:
37.0¢ Sentiment: ST Sell Disclosure: Held
