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05/06/15
18:24
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Originally posted by mrmoshe
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I wonder if the current Mosman holders will now question their board as
to why their much needed and dwindling funds were wasted on this folly.
It seems that their board didn't do their homework to see if their T/O of MEO
would even have the remotest chance of succeeding.
I would now expect that Mosman will now drop their pursuit and sell off their 2.047%
interest to raise as much cash as they can to drill their NZ permit.
What a waste of time/money this has turned out to be.
All IMHO of course..
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I agree MrM.
MSMN management took MEOmites for granted. They lost any chance with their first ridiculous 1:20 offer backed by a three month water drilling operation.
The MSMN LSE release can be seen here:
http://www.investegate.co.uk/mosman-oil---38--gas--msmn-/rns/meo-takeover-offer/201506050828213491P/
Another chapter of the MEO saga closed. Let's hope we move on to a happy ending but a few more chapters yet, I feel.
#:>))
PS. At St John's Point, Dunkineely, Ireland at the moment ....... cold and wet but still having a great time.