MEO meo australia limited

fib ratio

  1. 1,538 Posts.
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    Fibonacci Calculator
    High: 82.5 Low: 6.2
    Expansion
    23.6% = 64 (done)
    38.2% = 53 (done)
    50.0% = 44 (done nicely)
    61.8% = 35 (can be, to hit the high 35c on 19/1/09)
    78.6% = 22.5 (if jv unsuccessful . Likely can happen (?) that is why MEO need to raise fund, just in case)
    100.0% = 6.2

    The so called good project is there for > 2 years, but none approach, why? Share holders should ask MEO director. I have been in/out since it called Timor Sea.
    This is my view and GUESS only. Can be wrong. Good luck.

 
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