Hi Folks -Eagles has tickled the itch.....and good on him as it...

Hi Folks -

Eagles has tickled the itch.....and good on him as it really is hard to believe the lack of serious pissed off shareholder feedback that isn't trying to either look for a sunnier future or end up in Prosperland where behind very Meo deal and drill some evil intent was lurking.....


So what do I as a long suffering ex-Meo holder who trusted and fatally believed......think about the current predictable Meo hiatus?? Lots!! So much that it's hard to know where to start......but a feeling of betrayal and being conned is pretty close to where I am coming from....

Ok, I hear you, but O and G exploration stocks are risky.......yep, thought I had learnt that at our Waterloo which should have been Artemis.....both for Meo and battered shareholders....this is why Saltocan I find it hard to spread any joy ATM ......I had that positivity for a long time.....I indeed sat together with JH in Sept 2011 and he quantified the impact of the involvement of Eni in Nt68 as relating to 40 cps.....what eventuated ?

For the holders either bound by minuses or blinded by with hindsight misguided belief, the Sp from Dec 14th 2010 thru to the Heron drill failed to genuinely rally.....why????? Sure, a little flutter up to the mid 30s last April but if you were too long on the can you almost missed it!!!

Then the Bentley sell down saga...

Then the Spp saga......

But however one spins this data the reality is that Meo have pulverised the Sp for the past few years and are now almost deservedly ( management not shareholders...) finally facing up to the folly of their decisions. Wiser posters than me suggested that Meo could have held off
The Gurame drill......did we
Indeed even need this permit if all the other territory we hold is so valuable?

This adventure will be seen as a folly and a distraction from the main game - Ts.

The Heron results are obviously not our problem and management scored well to earn this open ended funding for the Hs 1 well.....and if this well had delivered I wouldn't be worried about petrol discounts each time I visit the servo........

For me, and I imagine other close followers of the Meo saga the past 4-5 years, the reality is simply that Meo in various ways failed to deliver but in the process, which is still in place by lack of feedback, either walked us collectively up the garden path at the last Agm ( and yes, I've been to the past 3....) - or had imbibed their own mantras so successfully that no failure was on the horizon.....any clear thinking person at the Agm saw a team so relaxed and confident it was ....in hindsight.....a worry....and I did comment about this very fact at the time....

This is why people should be seriously annoyed ( Eagles - I'm taking the
Polite option.....) ....actually really annoyed....but the real issue for me as a retail investor can only return to trust.....

I went to Melbourne and met most of the Team.....3 Agms...... Diligent research.....Hc contributions ad infinitum.....but to the eternal destruction of my portfolio no luck.....

Let this be a story for all.....I am not laying the blame of my own investment saga at Meos feet.......I made my decisions and at the time thought them risky but smart ha ha......lesson learned.....

But the issue of trust, credibility , honesty and believability for me have simply evaporated.........Meo burnt plenty on A1 and from 60c the Sp has barely touched 30c...over two really long years that were only enduring with the support I found on the Meo Forum.......no crap

Now after the end of 2012 frenzy of hair greying results we accept 8.5 cents as the market assessment of our Potential.......as an eternal optimist I see that Meo can reinvent itself but the" future by denial of the past " will not work again for this company!

Face up to the errors and arrogance........Santa coming early......cost me 100k........some may say because of stupidity....others may say because of trust misplaced......I continue to pay for my investment errors of judgement.....let the bright folk that pull the reins at Meo pay for theirs....

A much poorer Ort but possibly richer for the experience.....working on that!!