meo chart, page-3

mitta3 - Yes there is a gap, but I'm not sure I would call a 5c gap huge. Indeed it may be filled, or it may not.

I don't think it deserves to be filled, but if enough people think it does (TA focused holders) and/or the market takes a breather, anything is possible.

Despite popular opinion, I have not sold any into the recent rally as there are too many catalysts for a move to the upside.

The base-case for MEO is looking very good, but I think there are a few wildcards which may surprise to the upside in a huge way.

New ventures (potentially with PBR) are very possible, but the big one is TSMP. If PBR were to commit to NT/P68 (given MEO is 100%) and test Heron properly, then TSMP could be a real possibility and is worth $'s per share!

I'll be watching, but if the sp closes the gap I'll be placing a 2-bar order as at that price almost 50% of MEO's market cap will be in cold hard cash, post-FIRB.

Good weekend all.

I'll send a postcard from Singapore next week!