No one in their right mind would be selling MEO at the moment.
Punters know the huge gains which will come if Zeus is successful and it is fully funded by RDI.
So that leaves Deutsche Bank. They must be looking in their piggy bank for scraps. Has anyone heard if they are next to fall. With 20m MEO shares it will be good to see them gone.
Come on Clive, take the lot.
My feeling is that RDI will float easily. The Chinese have a longer term focus and will welcome the chance to get good iron and energy holdings. They plan and know that in a couple of years these are great assets.
MEO Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
