Lets call it 150 million - So with cash in the bank we would have $166 million dollars.
We have 750 million shares on issue so at 10c - 75 million market cap so if the SP was just backed by the cash alone in the bank I think we would be looking at around 22c per share and that's not including the assets owned by MEO.
Even at 100 million market cap 12c or higher is on the cards.
Looking at it like this I wish I had loaded up more. So there is no reason why we cant smash through 10c tomorrow.
All in hindsight and would be good if someone with some decent Oil and Gas knowledge helped us out
GLA
MEO Price at posting:
8.4¢ Sentiment: Buy Disclosure: Held
