Doesn't his 33% only come to around 63C???? Where did you get $1.30 from????? He said 33% not TRIPLLE!
Personally I think around 90c (As traders will jump on for sure of a good ann)then a retracte to around 65c. Then back up to around $1.00-1.20 (depending on energy prices around late March- Maybe higher) when the FIRB is approved. Then a retrace - flys again pre drill.
Of course if EXTRA things are in the deal = more. If a Chinese or poor partner - international or not = less. We want a major as IMPLIED in their last annoucement.
This stock for the punters/traders of a good ann! Buy of good - hold if not as it is low enough now and will quickly bounce again within a month or two if it drops to 30s . It has been sold down a fair amount from 80s.
MEO Price at posting:
47.0¢ Sentiment: Buy Disclosure: Held
