To clarify my statement re SP movement (it was a bit late when I put my previous post together).
When I said 'I don't think there will be much movement in the SP until we know the exact timing of the H#3 drilling.' What I meant was significant movement.
I don't think there is much downside to the present position and the SP should go back, at least, to the 18cps cash value. It may go higher if investors begin to recognise that MEO is not just a cash box but has a genuine business plan with a qualified team to set it in motion.
Whilst MEO still has sound fundamentals, IMO, the SP is still dependent on positive announcements to stir up the traders' interests.
In the meantime the SP is at the mercy of these crazy, orchestrated fluctuations in the world market which are out of the management's control in all stocks - not just MEO.
In time the bearish shorters will be caught out. The Oz market is already beginning to wisen up.
IMHO.
#:>))
MEO Price at posting:
16.0¢ Sentiment: LT Buy Disclosure: Held
