The FIRB requirements is a good point Ya and one I think most ppl seem to be missing. MEO's annoucement indicates the establishment of a JV. If they sold Atermis (or the whole permit) to the JV for at least $219m (45c per share fully diluted and after capital raising - price sound familiar?) and then retained an equity stake in the JV, this could be a significant deal for shareholders.
Lets hope this is what the Board has in stall for us come Dec!
Worth noting too that the threshold requiring FIRB approval for US investors is $953 million. You can all do the maths on that.
MEO Price at posting:
52.0¢ Sentiment: Buy Disclosure: Held
