Seems your facts are wrong about Mosman. Mosman Board does not...

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used moggie

894 Posts.

7

23/02/15

18:17

Post #: 14803871
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Originally posted by agentdownload ↑

prosperman

nice to see you still care.

don't forget other forces are at play. the MOG DOGS are at play here just pushing the price down to make their offer seem reasonable. MOG DOGS !

Pretty sure MEO will be around longer than those MOG DOGS that own 70% of their recently listed AIM company and just looking to cash out their escrow shares with MEO's cash.

The mid year report did highlight, unlike the last quarterly, that demand for TSMP remains strong from multiple partners. the mid-year also stated that barossa-3 came up with a huge find but also a huge amount of co2, 18%, much more than the anticipated 13%. the mid-year report also stated that barossa-4 is currently being drilled. so the barossa/caldita JV is seriously appraising barossa. MEO has repeatedly stated that barossa/caldita JV will not enter into discussions until post appraisals. That is, second half of 2015. New CEO is very prudent. The reason for walking away from Blackwood, which would have been no easy decision, was not just insufficient resource size BUT the fact that keeping Blackwood committed MEO funds to future known costs - the CFO would have had to embargoed seriously cash to allow for keeping blackwood. so the safe option was taken to walk. smart business, not an easy decision by any means but smart business. name of the game is to survive until TSMP has its day in the sun.

Adl

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Seems your facts are wrong about Mosman.
Mosman Board does not own 70%, in fact it never has.
Board have extended lock in period.
How can Mosman Board use MEO cash to cash out, that is not logical.
How can they push the shares down, when the bidders statement says they only 100,000 odd shares.

Please don't let emotions get in the way of facts.

MEO Price at posting: 1.4¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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