MEO 0.00% 0.0¢ meo australia limited

Correct about company chart: I put chart for period of...

  1. 2,929 Posts.
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    Correct about company chart:
    I put chart for period of 'MAX'(from 2006/07 to recent days) by ASX charting tool, but it indicated 6 months chart.
    Regardless, $100,000 invested money around 2010, now it stands around mere $4,000 theoretically.

    My view is that, this sort of  the worst of worst  results are mainly caused by not the nature of oil/gas exploration itself
    but mis-management. Just simply, company management has used funds meaninglessly and fruitlessly in the name of exploration. But recent announcement regarding acquiring Block 9 in Cuba is absolutely breaking through for all, imo.
    Like the end of very dark tunnel, eventually seeing a very best bright light for the company by management's endless efforts
    and insightful entrepreneurship. But company management must break out previous routine or customary method of thinking
    and approach. Just focus on prior target and put all available resources to make succeed, imo.
    Namely for basic ingredient of success:  'choice and concentration'

    Regards,
 
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Currently unlisted public company.

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