Meo asset strip and fire sale?

Well the Mosman boys will be on to tell you within minutes I suspect.
Let's see what they say.

my earlier post of today gives my view. Meo cash reserve is insufficient for their 'assumed' exploration program. wouldn't last 3 months. the real straetgy here is the fire sale of Meo's offshore assets (beehive, tenements, TS) to fund their onshore exploration program. this would then prevent Mosman needing a capital raising and therefore share dillution in Sept this year. and what irks me is that they are targeting these Meo assets to onshore exploration targets that are going to be low production based (and unlikely to be commercial in any event).l