MEO 0.00% 0.0¢ meo australia limited

capped like crazy??, page-13

  1. 105 Posts.
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    I dont believe FIRB approval should be holding it back. Maybe it would be nice to have it but that was always the case even 6months ago so I dont see how having a farm in partner like Petrobas. It is a pretty good deal mind you!! How could MEO remain at 45c when it was 80c at one stage with just pure speculation to go on, nothing concrete. Now that there is no speculation and set dates for drilling and everything paid for it doesnt make sense. There is NO reason for it to stay at this level. I was just thinking it was profit taking but that doesnt even make sense cause all the profit takers should be out with 60million shares traded so far... This is the kind of stock where I wish I could just fast forward though time in a few months and not look at it day to day cause it makes you go crazy...
 
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Currently unlisted public company.

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