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454p was awarded for exploration till june 2017..... The drill...

  1. saltocan
    3,790 Posts.
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    01/02/15
    18:12
    Post #: 14678177
    454p was awarded for exploration till june 2017.....
    The drill of 454p is required by june 2016...
    I think the amount is capped at around $35million and Meo must pay 20% of anything over.....
    Ie $10million over runs Meo must pay $2milliom..

    Yes the anounment has a diagram with an option to relinquish it in around 6weeks...
    An Option to do so.....

    If Meo take up the option to do so....then I recon that management have given up....put the cue in the rack...U may as well say goodbye....

    I believe things will improve and soon...
    Dyor
    MEO Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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