MEO meo australia limited

ho hummm, page-20

  1. 251 Posts.
    Hi Iam

    Good to read your comments.

    Well, if meo can get FIRB approval it is a good thing .or else Meo is far short cash now to fund this drill - having paid USD$7m for additional 5% - that's remind me when Meo gets the same 5% additional on Zeus, posters here were so enjoying.

    Tassie Shoals (TAS) is an exceptional project but they are very overconfident - they demonstrated with a potential to capture multi millions in revenue but my point is that it is impossible as this is a very very expensive investments in term of risk / returns - back when Santos pulled out, Albers did so, followed by Xtract, CP and recently Petrofac after having hard time looking for a buyer for their 10% stake.....all of them have one thing in common TAS is a "dream"..... I cannot dictate what's valuation of this dream project but would like you to take a step back and look when Meo was 7 cts - do we see our market value TAS - not a single cent. MEO was in a mess after Zeus and I predict the same if Artemis dusted and there is a clear 70% this can happen.

    Don't get me wrong, I am as excited as you about Artemis but what happen during Zeus is a good pointer of what Meo can operate and what not.

    Just my thoughts

    MR
 
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