I doubt that will be the case. I agree not very early next year - but it will be all timed in sic with others - MMR expected (noit annouced yet) to commence before April. As we can see all shares in similar fields ten to rise in sinc - and down in sinc. Traders - day and medium term - have now shifted out of MMR/BUY and into KAR/MEO. Watch these two rise now. When there time is up - move back into MMR for more news on drill dates etc etc. Many deadlines late Sept - expect a drop in Oct.
FMG - Late Sept deadline for financing MMR - SPP issue price announced (Buy price effected) MEO - Farmout late Sept KAR - Kontiki hit expected before late Sept MMX - Chinese coming mid Sept - CHM case deadline Etc etc
So either after this consolodation = up up up then down Sept
OR keep people inticed - waiting for late Sept but then a downturn hits and people have money stuck!
I expect drilling just before or after MMR drilling. Before MAy 2010
Just my opinion. DYOR
MEO Price at posting:
62.0¢ Sentiment: Buy Disclosure: Held