Salt.
I think the fact that NEN sp is falling might have the answer.
3.1 cps as compared to the offer of 3.5 cps.
Vote is counted next Wednesday 12.
THAT WILL MAKE OR BREAK THE MERGER.
On the favourable side for a merged entity( The new NEN )
Meomites will be funded for the Breakwater prospect and, all, will get their 25% share in the discovery.
N Z, looks to be promising with the deeper prospect under Puka 1.
Lets be clear, if the merger does not go ahead, MEO is a 1cent wonder.
I am hoping the merger goes ahead and am all for it.
MEO holders have the goods and there is heaps of upside for NEN Holders.
MEO Holders are in for a dilution either way. Now that we know what the dilution is.
A no brainer for a merger.
Cheers IFINO
MEO Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
