re: Ann: Quarterly Activities Report for quar... The farm in partner announcement really needs to be a big one.
The question that needs to be asked:
Why did MEO pick a preferred nominee (from many others) that has never operated in Australia before, resulting in:
(a) the need for board approval to invest in Australia (before finalising documents);
(b) the need to do a Capital Raising as MEO were not sure the partner would proceed;
(c) the need for FIRB approval; and
(d) the protracted negotiations for what generally is a straight forward farm-in deal.
If the answer is, because the farm in partner was huge and offered a fantastic deal to us, then I have no issues :)
Anything else, and the board really has severe credibility issues.
- Forums
- ASX - By Stock
- Ann: Quarterly Activities Report for quarter endi
re: Ann: Quarterly Activities Report for quar... The farm in...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MEO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online