Just based on cash the SP should be ~18 cents. Do you think MEO is just work 2.5 cents based on gas discoveries and potential it has. If it was another micro cap and it discovers gas which could be 5 tcf.....I'm sure the SP won't be single digit. They have also selected a farm in partner.......its matter of time the details are out and the SP may fire rocket. Is it worth the risk at 2.5 cents....I'm sure intelligent investors will make the right decision!
MEO Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held