MEO
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re: Ann: Quarterly Cash Flow Summary for Peri... I believe there...

  1. ASXBULL
    839 Posts.
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    23/07/13
    11:21
    Post #: 12097941
    re: Ann: Quarterly Cash Flow Summary for Peri... I believe there were some very positives in the report as highlighted below:

    Cash flow – No issue:
    Cash Balance 16.6m and estimated cash outflow for next qrt 3m – resolves the need to any immediate capital raising. Box Tick!

    High impact drilling:
    Blackwood – May spud in Sep / Nov. There may be a high impact on SP when the final date is announced. Big Box Tick!

    Watchout:
    Finalise contingent and prospective resource estimate. WATCHOUT, there may be a big pleasant surprise for Heron & Blackwood. Big Box Tick!
    MEO Price at posting: 6.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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