what could no news mean?, page-11

This really is feeling like the time I sat on my hands waiting for LNC to sign their billion $ coal tenament sale.

Sept 08 - HoA ann
Nov 08 - confirmed its a goer
Mar 09 - negotiations at a sensitve stage - we are nearly there!
Apr09 - Pens are in hand, just niggling over the fine print
June 09 - Deal has fallen through.

Similar time frame with MEO et al, same kind of anns, will probably have the same result.

I really don't think that idea of "why would they let it fall through after all this time" holds any water.

At least with LNC I bought at 0.63 and managed to sell at 2.50 so still made a tidy profit. My MEO average is 0.42 so looking down the barrel of significant loss, but still holding as I never learn my lessons.....