MEO (ASX) capped like crazy??

Originally posted by Gasbag ↑

Gasbag,
I don't agree with you on some issues.

1- I didn't say that the big guys are stupid. I said "Sometimes even the big guys dont know what they are doing. Selling like crazy" I don't think Matthew Capital would sell Pure Energy shares at $1 if they knew it would be $8.5 in 3 months time. No force could get them to do that. If they did by force then they are really stupid. The reality is they may not be able to value the assets of those companies time time. Same is happening here in MEO case.

2- I agree capping is happening because of these traders/proprietary traders include those that are employed by the broking houses themselves! I told this on my previous posts.

3- I don't agree about KAR. KAR has got nothing yet.KAR has reached those price levels only by speculation. I have been KAR holder for a few times. I was shaking all the time when I look at the assets and drilling of the wells around Poseidon. I felt myself like stupid. Then I quit. KAR holders still talking about what would be the price if KR-1 is a duster.., they say $2. I say less. $2 for what?

MEO price might be higher than KAR at the end of this year if we hit the gas and if KAR can't hit it at KR-1! MEO at least has got gas in Blackwood and Heron now, needs appraisal, that's all.

So, what is the difference with KAR investors and MEO investors. They are the same. Why did you say "The top twenty tells us that."

MEO top 20 is ;
1- National Nominees Ltd.
2- ANZ Nominees Ltd.
3- JP Morgan
4- Doravale
5- HSBC
6- Citicorp
.... goes so on. They all big guys.

4- You are saying "Anyone here thinking MEO SP will trade towards $1.00 soon is dreaming"

Yes I say that. I will see you here again. It will be $1 (or very close) in just 3 moths time.

Do you know who is going to do that? Those cappers, manipulators will take it to $1 themselves, as they did the same thing with KAR. Becasue they are sure MEO will go up there in any case. So they are trying to cap it and take the control NOW.

Let's not underestimate MEO. it is a big player now, with 12tcf recovarable gas drilling with 32$ GCOS at Artemis,, NT/P68 and TSLNG/TSMP projects.

Cheers