Well I bought in yesterday. I think it is grossly oversold. This was not a no, but rather an need to wait. And the resource will still be there.
But with the grossly improving international sentiment, the increase in oil prices, the increasing significance of Australia, I suspect that the preferred farminee will be keen to pursue this. Not to mention the money I suspect expensed thus far on due diligence.
Good luck to all :).
MEO Price at posting:
54.5¢ Sentiment: Buy Disclosure: Held