done over again 52 cents, page-71

I hear what your are saying Oscar.
Being one of the long suffering share holders,(near 2 years) to finally fell like the wait is about to pay off and then get a quick body punch that takes the wind out of ya.

There seems like there is only one thing to do, to get it straight in your head, and that is to make a list.
A pro and con list for the C/R.
On my list, the pro's are long and the con's is short.
As much as this has taken the wind out of me, I can see that it makes sense.

Con's on my list.

Dilution of shares.
Short term pull back in price.(Maybe)\

Pro's

Cash to support 19c per share, if miss ($104m)
Money to do a follow up drill in WA361 if success.(Petrobras not a farm in partner)
Money on hand if Magellan opening happens.
Permit opportunity's around AC/P51/51.
Money for 3D's of the above.
Unknown opportunity's.

I know it's not much fun of the long suffering share holders, But the above list makes sense to even this simple Kiwi brain.
No chance of this if A1 is a miss.
The boys have to think of the long term for MEO, not just about the short term happiness of us knuckle heads.

Emotional trading leads to lost money.