What we need to remember is that the 360P permit partners are companies in their own right.
It often happens that the three PPs move together. It is sometimes on the back of the news that may affect them all, with Artemis the common denominator. Alternatively the opportunists have been known to pump the three together on the back of an impending MEO ann.
CUE have just released their FR s their SP could be moving because of that along with the fact that they are producing and have other plays apart from Artemis. MOG will do its own thing as it always does, but Artemis is their big play. Spud is not until November though.
As far as MEO is concerned management is aware that the company can't rely on Artemis alone which is why we are expecting a number of announcements not related to 360P. The first of these (the GC&A report) is imminent and, leak or no leak, the market is keenly anticipating its content.
The report may be days away though but it can be used to stir the emotions.
We all know that as far as MEO is concerned the SP can move on the whiff of an oily rag and today is no exception. The T3's were possibly anticipating this early in the week but it didn't happen so they pulled out. Possibly they are back in again but the resistance @ 43.5c again today, followed by a strong rise is all good.
Remember to keep on the right side of your trades and all will be well. Don't be fooled by a possible dump unless you are ST, as the uptrend should continue.
IMO of course.
#:>))
MEO Price at posting:
45.5¢ Sentiment: LT Buy Disclosure: Held
