I still hold and I feel if the well is a duster they have limited the losses for longer term holders. One of the negatives is that investors saw this as a sign of weakness and less confidence that the well will bring in the goods. As someone mentioned prior it's an insurance policy. It can also be seen as giving shares to your mates cheap before she runs. Thats two reasons on why we see the SP back in the low 50's.
We are drilling now so it's ashame the excitement and positive sentiment around the stock has taken a hit. Im sure this excitement will return.
MEO Price at posting:
52.5¢ Sentiment: Hold Disclosure: Held
