MEO 0.00% 0.0¢ meo australia limited

capital raising a smart move?, page-3

  1. 13,667 Posts.
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    confidence is a big thing in the stock market. Many investors probably see this raising as not showing confidence in the well. Hence the sell down. I personally think it was more of an insurance step. Im happy to wait and see how it pans out.

    The guys who took up the placement were confident in the well. I still have faith they will come through with the goods.
 
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