some cents

I will take you back to a day roughly nine months ago. No I didn't get your mrs pregnant, but some of you may remember a little play at the time by the name of ELK. Much maligned, much oversold, much like our beloved MEO docker.
Having good news and a market greedy for oil and gas it soared in the direction of its previous highs on speculation of future production in just a matter of days. Take a look at the chart from there onwards and I think you will see potential similarities with MEO. The concept that is key to all this - "speculation of future production". What needs to be realised is that MEO is still high risk and now floating around 50c the risk analysis is definitely at the high end. Yes, yes High risk = high yield, but what is still uncertain in this play is who will fund the transfer from an exploration company to an gas producer? I for one am very interested to see the next step for this company. Very good management at the helm so lets hope its a positive one.