ann out, page-12

That is a very positive announcement in my opinion

I recall Wayne Macrae buying shares at around $2.00 , then topping up the companies BUY BACK which copped a heap of ridicule .

Now the stock is $4.50

Whilst MEO are very unlikely to rebound back to .50 where they placed stock and punters awaited a positive drill result I do think they will recover off low 20c to mid 30s

As i see it this news basically an endorsement in the form of a directors actions ie buying , putting his money up, so arguably the announcement is I think theyre cheap so I bought some .



I agree with a market cap of 110m , and cash in the bank of 100m they do seem well under fair value so I did the same and bought some as well at 21, and 22 to reduce my average price

100,000 @ 51
100,000 @ 22
100,000 @ 21

Cost 94k

average price of 31.5 is about where i feel they should be with the cash and other projects

Just my opinion