MEO 0.00% 0.0¢ meo australia limited

frustrating to watch the sp limp along

  1. 4,502 Posts.
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    If the SP action is any reflection on the companies fundamentals we are in trouble.

    The company continues to deliver in all departments and we are still getting snubbed and only contempt from the market. I still can't believe we are in the 20s. Yes sure we have not been given the 100 % certainty in relation to the final tests of the wells but you would have to say the odds are stacked in our favour.

    Instead of investors and instituitions scrambling to get on, we get the usual short term day traders who want to pump the price and then dump it.

    It appears the market still feels MEO is full of hot air instead of commercial gas.

    This is truly a case, I just hope, that the company goes into a trading halt after hours and then announces the news we are expecting. Commercial flow rates and gas at both Henron and Gurame. Then watch the SP open up 55c plus, with all those that did not bother to buy say" gees I had my chance to buy in the 20s and did not"

    This is GREAT value at these prices.
 
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Currently unlisted public company.

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