I've topped up as much as I can at these levels and have placed MEO in my bottom draw for the time being. Short term traders can do all they like for their 5-10% gains but it doesn't take a rocket scientist to know that MEO is one of the best risk versus reward stocks on the ASX.. Yes of course they may not discover anything etc... but name me another stock that has what MEO has planned for the next couple of months?
Don't panic.. Look at the fundamentals.. Although market conditions are terrible at the moment, any sniff of success on MEO's upcoming drills will set this off and MEO will be on the map again. Don't know why people keep bringing up Artemsis- yes there were high hopes for it and investors got burned but like any o&g exploration company there was risk involved there. And MEO is much better placed NOW than it was back then
We are not a one trick pony!
Enjoy the ride!
MEO Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
