"Very little chance of going down any gurgler I would say...... "
Really? MEO will continue to burn cash on admin costs ; chuck in the cost of defending against Mosman and it'll have burnt a third of its cash by mid year.
So whilst the industry slashes capex and sacks staff like it's going out of fashion, you think it's the time to buy into a spec stock with a bad history?
Can't say I see it myself.