Don't like it either but it is typical in the spec end of our market particularly after a rally of course.
The only and let me restate "only " small positive is that we currently have Cuba and an increasing oil price to hang our hat on. Either Tassie Shoals or Beehive may be medium term too of course ??
So the price eventually drops to around the capital raise price and then after that should find some room to gain traction north again, but how far and how long.
I personally will hold for at least the next 5-6 months. Do your own research !
MEO Price at posting:
4.7¢ Sentiment: Hold Disclosure: Held
