>>Time is not on our side. We have ~25 business days before 31st...

>>Time is not on our side. We have ~25 business days before 31st Dec - the date to commit to drill<<

Are you suggesting that MEO need the $27mil (less cost) on day 1 ?

Are you suggesting that one of the placement brokers could not find a home for any potential SPP shortfall ?

This is not an ‘either or’ situation.
It should have been a matter of both:
SPP and Placement for the benefit of existing shareholders who have been carrying the bucket to this point.

Have you ever heard of an instrument called ‘Underwriters agreement’ ?

Do you have any investor/broker experience with SPP’s ?

As you said it: >>ah - YOU don't get it!!<<

PS.
That aside, MEO remains a good trading stock.
First bought in the 20’s traded on the way up and sold last position in the 70’s.
Then watch the play out and the charts. The direction was clear.

Bought part position today on the am dump.
May top up below 50c and trade later.
Good money making trading stock.

Good luck to you and have a nice day, mate !