In the likelyhood of the farminee not coming to the party, how long can meo last without going to the market for another capital raising. Remember the company is obligated under agrrements with the government to drill irrespective of anything and this will require substancial money
I understand with confirmation of the farminee by the end of this month, the share price could hit a yearly high based on the comments posted on this forum - is this true
The company has just under 500 million shares outstanding. If the share price does reach $1-is this sustainable baring in mind the company would be capatilised at close to half a billion dollars
MEO Price at posting:
37.0¢ Sentiment: LT Buy Disclosure: Held