given the history of MEO and its deal making timetable i dont think when can expect investors to be rushing in. But this announcement, although not giving many clues, is clearly a positive one, only minor legal issues to be resolved, and i cant imagine corporate counsel at a major needing other a month for a simple farm in. So the proof is in the pudding, judge jurgen when you know the final deal strategy is still well and truly in play for me. Cant imagine we wont see a bounce back to the levels we were at once we know the scope of the final deal and the name of the farminee and the technical expertise, balance sheet, and press their first entry to Australia will bring baring sovereign defaults etc. I think we can say the paint has nearly finished drying. well done to all those short term investors who got an announcement bounce and sold into the news but sentiment changes quickly and no way im not holding this baby to see where we end up in 2010 and beyond...
MEO Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held