By my poorly based estimation I would guess remaining funds are...

By my poorly based estimation I would guess remaining funds are closer to $10 million now, than $15 million often talked about on Hot Copper recently.
My other guess is, very shortly after the AGM a cap raising will be announced.
Talk of what others (Companies) may see in MEO is premature.
Publicly announced direction is blurred at present.
I just hope that the full possible issue of 25% is available after the AGM.
This may well allow a predator in with a seat on the board.
It also may trigger a full takeover.
Right now the company is worth $ 24million to the market.
I think the hat has to be bigger than the one used by magicians for rabbits.
Maybe one suitable for an elephant in the room type.

Lots of variation in folks thoughts.
I am usually optimistic and keep holding, looking for the hat that holds the elephant .
Maybe the hat will be found by year end, maybe by month end.
But until direction becomes clear, we are all guessing, fruitlessly.

My thoughts and frustration only.

Cheers IFINO