CP is half out, it looks like it was his Stock that was into play in the last few weeks and the first parcel of extract.
In the next few weeks xtract are planning their semi dump.
Here is the interesting news - a 3rd party is (linked to china) is somewhat interested. But wont sign a deal until xtract dump all their stocks first (to them at a discunted price).Xtract on the other hand seem to want to hang onto to later so that they can get a higher price. Have a feeling xtract will loose out, as they are currently in need of some serious cash.
3rd part with meo's knowledge, have offered xtract 5 cents for each meo stock in hand (this is from a close source at toll). they of course have refused.this justification was on current meo cash value (or something like that).
my mates (at toll) said not to buy anything until this mess pans out. The biggest overhang is the xtract share holdings and also to some extent CP's left over shares. He has indicated that anything below 6 is a good buy and not to be surprised if that happens in the next 2 weeks.
sorry unable to give more info other than the above.
If it goes beolw 6c, i will buy again.
MEO Price at posting:
10.0¢ Sentiment: Sell Disclosure: Not Held
