Its times like these when u want Mgmnt to come out with a reassuring message abt the progress of the farmout, we haven't seen that yet frm MEO, so not sure what's going on.
Since Oct last year, shareholders have been running on the treadmill hoping & waiting for an update. Whilst the Nov. preso on Artemis was great frm a fundamental perspective, MEO's Mgmnt seems to have gone cold turkey since then. The cap raise takes their cash to $40mil, so that part looks ok for now.
I still hope they can keep their mid-Feb promise, as per the timeline on their slideshow back in Nov.
Once that update comes out, one can expect profit takers to move in b4 we see MEO announce abt the TSMP farmin & then eventually drill A#1 around Q3 this year.
Not sure abt the SP on a day like this, when Wall St. gets jittery. Lets hope MEO meets its the mid-Feb deadline promise, after all the hard yards!!
- Forums
- ASX - By Stock
- MEO
- blame meo management
blame meo management, page-2
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MEO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online