takeover, page-18

So this is the opportunity for Stickland to show his worth. With 80% of the cost of Breakwater covered by a major party, and 50% equity in the prospect and license, and plenty of time, MEO is ideally situated to farm out the remaining 20% cost. If Stickland cant do it, I'll do it for them, a lot cheaper than UBS and a lot more likely to be successful.
Sell TS - yes! Recognise that MEO is a small exploration company. Get it out of MEO's life for a few million ( preferably quite a few) and a Carry to Production or a royalty. In the meantime, put it on a Care and Maintenance basis. MEO has the consents so why spend more? TS is a very interesting and relevant project, but it is big company stuff, and just dragging MEO down. Again, I'll farm it out for them.
The potential in Breakwater, with MEO fully carried for 33-40%, far exceeds anything MSMN has to offer.