Probably close to you except for a couple of points
My thought was these Chinese , but I dont think they outbidded. Possibly the WPL/Chev pulled out leaving MEO to research the other parties before accepting
If it was an outbid , i would say you are absolutly right in that it involves Tassie - Ie For MEO to walk away from WPL /Chev it would have had to be something special
If so possible CUE impacts
1. If it was a secondary bidder due to lack of interest - Probably devistating to MEO SP , but little impact on CUE
2. If it is an Asian bidder that has links or beneficial interest linked to Cue's interest - could be very nice in deed
3. If it was point 2. a couple of things could happpen -
Cues gets acces to additional JV's in other regions or Cues interest gets bought out , freeing up capital for Caterina etc or New Asian partner grabs Caterina and or the Artemis interest as a package deal
CUE Price at posting:
23.5¢ Sentiment: Hold Disclosure: Held
