fx rates

14/4/10 MEO Executes binding farm-in agreement

Deal includes:
USD$31.5 + USD$7.5 upon regulatory approval (inc FIRB)

Now consider FX rates:
2010-04-14 Wednesday, April 14 0.93362 USD
2010-05-18 Tuesday, May 18 0.87657 USD

So on the 14/4 USD$39 was ~ AUD$41.8

Today...AUD$44.5 !!

That should help the cash backing per share at least (assuming FIRB is close).

(sorry if this has already been posted..haven't visited in a while...and didn't have anything more useful to post!)

cheers
ben