MEO 0.00% 0.0¢ meo australia limited

quarterly reports, page-5

  1. 14,681 Posts.
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    All the best for xmas Ort,I would only say after the AGM just like the last agm,Meo management talked it up as they had the horse before the cart.No results-no income stream and one would think they where millionaires.Same results after last 3 duster with only L/T ,S/H feeling the pain,as management had very little of their own skin in the game.Once the results where known then management come in with this rehearse line:well A1 was a wild-cat drill with a 33% chance of success:.They hyped and hyped and hype,one only wonder what their % of success was in reality compared to the hype.As I said after A1 their business model stinks and one must wonder if this is their final hooray. As far as assets go,what is an asset worth when it produces NOTHING.I WOULD HAVE THOUGHT NOTHING.What good will is their in dry holes,No thanks for the plates save them for the kids as they are the most important.Cheers.PS-in yrs to come they maybe a collector item,I wonder myself why in lessons learn t their always so expensive.
 
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