capped like crazy??, page-32

Anatol,

MC were forced sellers of not just Pure Energy at that time.
They also had to dump a couple of other major oilers.
Just go back and look at the "Change in Substantial" in STO and BPT around that time.
Simple reason - need cash to meet redemption.
These guys are highly geared as well!
They have no choice - their clients want their funds back!
It has nothing to do with PE's share price and where it would be in 3 months time.
That is fact.

MEO Top Twenty.

National Nominees , ANZ Nominees, JP Morgan, HSBC, Citicorp on the share register do not automatically mean that they are professional/institutional investors. These are nominee companies - I use one of them myself. Posters here trading through some brokers, on-line brokers, CFDs and other similar brokerages have their shares held in one or the other of the above nominee companies. E*Trade is owned by ANZ so no price for guessing where their shares are held.
What is obvious from the Top Twenty is that the TT shareholders has ONLY 19% of the shares on issue![See MEO website].Seriously pathetic and without a doubt telling us that the register has non existent professional investors.
Look anywhere where professionals are on board - the TT will own circa 50 to 60% of shares on issue [those with no major corporate holdings].

You could well be right on the SP trading at $1 - if a very positive Timor Sea deal were to happen. And you will still need real investors to push and SUSTAIN a $1 SP.
Assuming we are not about to enter a rampant bull market.

KAR

I thought KAR was crazy at one point with a market value of $1.5+ billion! It does have exciting acreage in the Santo Basin/Offshore Brazil. It still didnt make fundamental sense to me. MEO at $1 will still have a market value of less than $500 million. One thing for sure - daytraders and retail shareholders are not capable of sustaining high market value - in most cases.
Would I like to see MEO with a market value of $1 billion?

I believe MEO has great potential upside if all its stars are aligned. I am just trying to be realistic and informative - sharing life experiences.

Cheers, Gasbag