MEO 0.00% 0.0¢ meo australia limited

market didn't like the cr, page-15

  1. 142 Posts.
    Emklein,
    I'm not sure your statement makes much sense, as we all know there are only 2 knowns in this life 'death and taxes', the company can still be confident of getting a result, the co. buying of the stock all the way down to 24.5 cents shows us that, still doesnt mean they cant be prudent and try and sure up the base of the stock with a cash backing. Every man and his dog was going to offload some ( especially the day/ST traders) prior to the results of the Drill, this just prevented that from happening.
    For all we know if we hadnt gone into TH on Tues/Wed then the shareprice could've of been around the same price anyway, particulary with yesterday downturn, the only difference is we have another 32 mil in the bank.

    I was a bit miffed at the beginning but in the cold hard light of day i'm actually glad they did it, they are one step ahead of most of us but it is all for the good of the company.

    GL to all the long suffering
 
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