Lets look at the playing field;
-Its 33.5 and the trend is down.
-Meo PF want the side agreement signed and Cue don't but still are willing to discuss further.
-Mog are happy campers
-MEO CAPEX is now around 120m
-MEO ready to drill with 30m in bank
-MEO shares should be worth at least 40cents as not much has changed from the previous raising (waste of time since OCT)
WHERE ARE WE GOING TODAY?
My feelings are that MEO should come out with something anything. My view is that they should come clean and let CUE shareholders know the real truth. Whats the mystery?
Why wont pen go to paper? That simple!
You often observe listed companies trying to get the best deal for their shareholders whilst white anting their own share price and in the long term impacting their future ability to raise $$$
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