Very good post, thank you. To me, unless MEO take $100mil to other field or say Mongolia/ Africa, I cant see any big picture for MEO in oil/gas. The old projects have been there for years, but Santos and P Clive walked away, why? MD did a trick and won CR, but is facing a big loss of trust from big guys and the market as well. That would kill off sp for long time. Look like sp is slowly heading south. I took off my $ from MEO and put into AKM, BTU for better gain. I will be backk when MEO hit 15c or lower.
My view can be right/wrong, but good luck to all.
MEO Price at posting:
20.5¢ Sentiment: Sell Disclosure: Not Held