MEO meo australia limited

price dropping ??, page-42

  1. Ya
    6,809 Posts.
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    Hi KG

    Gone r the days of homing pigeons or jungle drums (or using Canaries in coal mines well not quite)!!

    The drop was due to Xtract PLC, selling about 2.4m shares for abt A$816,240 (avg 34c). They've been doing this periodically to fund some of their other projects and have dropped from 64m to 56.747m over 18 months. Hence the drift in SP.

    I see some accumulation today in anticipation of the hitting the first sweet spot in the Forestier sands early nxt week.

    cheers
 
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