where are the buyers, page-5

It's a buyers market at the moment for MEO Centreman...it's as boring as Rip Van Winkle in the middle of his long sleep.

The interest is in other stocks that have immediate forward momentum...that is..Speccies much further advanced than MEO to production or commercialisation at a much cheaper entry point.with the potential reward at a far more advanced stage than MEO..unfortunately.

You can wait and wait and hope and hope some more for Updates /News/Announcements/FIRB finalisation/Drilling rig
certainty ....the list goes on and on and on and on..wait /patience/Don't go to sleep..give me a No Doze !

The music goes on and on, Woa Wo oh and the SP goes down and down..Woa Wo oh and so it goes on!..if you remember that beat!..LOL


Just like a long play broken record that had a big scratch in the middle a few years ago.

All you need to do is to refer to the posts of lament late last year and over the last 6 months...even over the last 3 years!

Do not expect miracles or mutibagger scenarios from MEO for a long time.

Even if MEO intersects a gas find at Artemis ,then,it has to be found to be of a suffiently viable HC and flow rate consistency before it can be pronounced a commercial find.

This will take some time to interpret and certify..this brings you into late Jan early Feb 2011 to get this confirmed...In the meantime the global and Local markets may tank...maybe not!..who knows.

The clear implication is that a hell of a lot of Shareholders have had enough of the lost opportunity costs elsewhere ,the uncertainty of the end results,the uncertainty of their position with respect to another large market slump whilst waiting faithfully...not a good position if you are on a forced loss position with MEO ATM is it..especially if you bought in around 40-50c and waited faithfully for something to happen and you will have to wait a lot longer to be certain you may get your money back within 6 months.

The market is aware of the MEO delay saga and the SP reflects this. The management has not been very forthcoming with updates for quite some time now.As matter of fact it has taken the HC MEO sleuths to work out what has been going on well before we have had a Management announcement to tell us something the Sleuths found out prior to the updates.

That is not a good situation.

Sure, there has been shorting and manipulation..but I put this down to a direct result of the lack of news/feedback from the company... Instability..this creates volatility..volatility leads to dissatisfaction..this leads to SP declines which of course feeds shorters,only because MEO is such a good story to feed on...Full circle!

So you ask ..where are the Buyers? ..I really do not know..there are lots of sellers for lots sellers today and they keep coming out of the woodwork.

The only one that can stop this rot is MEO.

The ASX issues speeding tickets for rises out of the ordinary..so why don't they issue braking tickets as well...LOL

I get the feeling that a lot of people are getting very bored with the MEO saga....lots of people have been burnt and I hate the smell of burnt Ass.

Make of it what you will ..time to get some questions answered.

My other penny stocks in the same business are doing quite well...so why isn't MEO??

All I can say is..Yawwwnnn!

Cheers

HR

THe opinions above are strictly mine and no advice is given or intended..all holders (potential or current) need to do their own research or due diligence before they make an investment decision...but that is up to the individual...not me.

Good Luck all.

That's all that needs to be said.