Yes, losty you are right about the managements negative history and its negative impact on sp atm.
So the sp is too low. The farmin agreement is not factored in sp as if it is not going to happen.
But if it happens, the sentiment will change dramatically and the sp will fly like a rocket. I would say it would start at least 50c after a trading halt. I am not prepared to sell it less than 70c then.
The thing i can't understand that, why people don't trust the management! If they are not telling the truth and not announcing the available information, then they would be criminals IMO. I believe they are aware of that. People would make complains and ASX would be chasing after them, at least I would complain them to ASX. We invest our money, we spend our time. Are all these for nothing? For making some people rich, or get rid of their shares they don't want to hold? I don't think so. There are laws in this country. Why we would think ourselves that we live in a jungle!
If they announce that the farmin agreement has collapsed, we can complain to ASX to ask them to show all of the documents related to the farmin agreement process that it was true. They have to prove it. I don't know what else can be done. We'll look after that if any negative thing comes out later on by coming together as MEO veterans.
MEO Price at posting:
35.5¢ Sentiment: Hold Disclosure: Held
