MEO 0.00% 0.0¢ meo australia limited

capital raising a smart move?, page-18

  1. 4,508 Posts.
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    This is a gas exploration company ----high risk --high return.

    What did you think it sold "Coka Cola" or some other consumer product. THis is what it is all about. They have reasonable grounds (based on state of the art technology and a bit of extrapolation) to think that there is gas in Artemis and are therefore drilling to confirm....

    You can only manipulate the SP so much....at the end of the day, if they do confirm the presence of commercially viable gas then the SP will be driven northward irrespective of the machinations of the manipulators/shorters......
 
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Currently unlisted public company.

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