And to prove again, SP will always fall to or below placement value. It happens every single time.
MEO were a little quick here, my coms with them were not to undersell themselves or shareholders .
I think They did., all looked a little desperate to me, they already have funds to progress drilling plans.
Good thing it was only a very small placing, if SP remains here or drops further, there will not be a massive take up for the SPP I would think and why would there, when you could pick up cheaper on market.. It's like they are considering their shareholders but have just rushed a decision to early in my view.
November, would have been far better, going into Northern hemisphere winter and firming up of crude.
They now need to go into selling themself mode again and get the SP up, to make this look like a decent SPP play.
- Forums
- ASX - By Stock
- MEO
- Ann: MEO to Raise $1.69 million in Oversubscribed Share Placement-MEO.AX
Ann: MEO to Raise $1.69 million in Oversubscribed Share Placement-MEO.AX, page-26
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MEO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online