What are MEO's chances of raising funds here? This seems to be a new area to invest in: risk without reward. Must admit that this has been the depressing outcome of MEO's strategy in recent years.
I remember suggesting a while back that they should have taken an interest, in an onshore asset in production. Unfortunately, that strategy was not followed when they were cashed up, and it is now too late, IMO. Anyone looked at BYE at all? seems an interesting story, I'm not a holder though.
MEO Price at posting:
3.8¢ Sentiment: None Disclosure: Held