spp, page-83

Epaka,

Yep, I agree. If you bear in mind the majority of the population, ergo the share market, are sheep then it's all pretty predictable.

The same sheep are also bleating about the SPP because in their feeble minds this equates to MEO not having confidence in the drill results of 4 immediate drills.

They have not done any research to acquaint themselves with the industry they have coin in, and most are probably short termers so the SPP pisses them off even more. There are no guarantees in this industry, it is high cost and high risk, that is why MEO takes out insurance like the SPP.....to guard the company and its long term investors. The SPP has nothing to do with a lack confidence in the drilling. It's just prudent risk management.

MEO does not exist or care about short termers, day traders or BESBS types. These leaches are a liability to a company but JH has served warning with the A1 CR that he will transfer money from them to the company, ergo investors. So what if that means today the SP is down 10%? No big deal to me as a long term holder.....all good.