2day has changed the shorters advantage. The australian article, the Ann about Thailand in November has resulted in some positives on meo. Heron huge upside at no money risk for meo. At aprox 2000 mts drill should register the first gas. Thats about another week? About 75kms at ts or 90km at sunrise similar geology.. Heron 1 & 2 similar geology this mean good chance of more positive news next week. Together with oct and November 2more opportunities for positive news. Shorter need to cover the bets cause 2 successes ainto bad. Looking to increase my holdings at current cheap price and because of the laws of averages changing from hold to buy. The sp seems to have stabilized so expected more resistance to attempts to short.
MEO Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held