MEO meo australia limited

heron again

  1. 3,790 Posts.
    Eni needs to decide on 1st March if it wants to try again to access the trillions of gas which is expected to be in Heron.

    So Friday is the day?

    Prosperman and the srewed one say ....No Way will Eni be tricked into ...try again...they should not have tried the first time ? Leave and end up with zero?

    The long term holders say...Yes.

    You want to get trillions ..trillions of Gas ...it don't just fall in ur lap..u must work for it and spend millions of dollars...u did spend Over $100 million but that was in the south section now try the north section...u will earn your 50 percent.

    Very few..if any shareholders in Meo are currently in profit or in the black...most have purchased at greater than 18 cents...soo..not a lot will sell at current prises...have the confirmed Blackwood drill to come...the TS...then to a lesser extent the 454p farmout expected...and others within the next 6 mts.

    Long Term holders have been to hell and back and met the Devil and told him that Hell will freeze over before they sell their Shares..?

    Others got frighten of the short term risks and wish they had come back at the 6 to 7 cents range...

    I am even more comfortable with my descision to buy more shares and have got my average to 11cents so far...Once Meo becomes a Teen I am in the black....still will wait for TS...Blackwood drill and others...

    So do some charts,some research read the broker reports...get fully informed so u can make a descision which u can sleep easy at night with...

    If u are a long term holder this is just part of the journey...

    Good luck for all..including Prosperman and Shrewed.


 
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