MEO 0.00% 0.0¢ meo australia limited

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  1. 2,649 Posts.
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    Hi Mcrabbit, I was interested to see you say the cash value was about 15 cents, because earlier this year, the cash value was said by other posters to be about 5-6 cents.

    I had no idea then, and have none now, about the "cash value", being only involved at that time in speculating about the interim "sentiment" value - which I totally misread at a crucial juncture, by the way.

    As sarcastic posters have suggested, the central issue is stil whether Artemis has hydrocarbons in abundance - whether gas, crude or condensate - and that we know there is already a staggering amount of it being recovered by others "in the vicinity" (although, it's an awfully big vicinty), so I was curious to learn how you arrived at this 15 cents "cash value".

    If it turns out that Artemis is not TCF full of some form of hydrocarbon, it seems that you are implying that in that event, 15 cents is the floor, instead of the 5-6 cent asserted by others earlier this year.

    Maybe the original 5-6 cent cash value was wrong and later posts have pointed out why, but I haven't kept abreast of all the posts since I scuttled off with a very small profit instead of a huge profit.

    Perhaps you can bring me up to speed on the tripling of cash value this year. I appreciate it might just be re-calibration and correction of the estimates of others, but as I said, I haven't kept up with developments this year.

    PS I don't even know if you are the original source of that 15 cent valuation or whether it is just a repitition by you of the generally accepted cash value at the moment.

 
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