i was out, page-16

Agree, I think amcre do right thing to protect his capital when needed. If you guys follow MEO since it was called Timor Sea then you know that this co is for good short term/day trade stock.

I remember, from beginning management talked a big hope of Methanol project, sp >30c. But Methanol need huge funding, hope was fade sp holiday down south around 9c. Next one, management give another big hope NT/P60, with Santos support, sp up again, around 50c, but Santos walked off later. Then, the next hope was NT/P68 with Petrofac was in, more deep pocket guys happily jumped in too pushed sp up and up > $1.60, everyone happy, but drilling hit more mud than oil/gas, sp down to 16.5c. Then big hope again when prof Clive jump in , sp up >60c, but prof Clive got cold feet so he run away, sp had a rest to 6.2c. Management then give market another huge hope of a new deal WA 360 P, market happily pushed up >80c. I got cold feet so I was out around 70c. Since then, I only trust myself by buy low/sell high for profits as I dont care much about management saying.

To me the deal is dead. Driiing is too far away and success is very limit, that is why jv get cold feet too and dont want to sign or to be named?!!