The share price should be under 2c.
All they've given shareholders is false hope and promises.
The only tangible thing they've got is the farmout of 50% of WA-454-P to Origin Energy. But the killer with this is that they will have to pay 20% of the drill costs which will kill them if it comes up a duster as usual. It will be very hard to farm out the 20% costs, they'll have to virtually give away most of their 50% share.
At the AGM shareholders should be demanding a massive pay cut to all the fat cats at MEO.
- Forums
- ASX - By Stock
- MEO
- Ann: NT/P68 Farmin Agreement Notices Received
Ann: NT/P68 Farmin Agreement Notices Received, page-5
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MEO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online