lost money!!, page-38

giddyupp82

As per my earlier post MEO are done for. 3 attempts and still nothing. They seemed to only go for the risky big pay day plays that never eventuated. Must be one of the unluckiest companies on the ASX.

All they can do to salvage any shareholder value is give the exploration game a very wide berth. Take the 100M and buy some solid producing tenements. Like us, they will have to start over and decide what to do with the company.

I think we are only witnessing the beginning of the end.
Anyway, lots of question on here about "what next". Read the US investor presentation, they will spend six months into 2011 to decide to drill again or not. Too long and need to make my losses back whilst the trend is going good.

Sell whilst you can still get something back.
Just IMHO and I have 38K reasons to be angry!