Reality is MEO is now firmly a plaything of the DT. As a long term holder (over 2 yrs) the game was all about Artemis, and it looked good. Yes there will be other holes but these are months away. There are other assets and they have potential but it is drawing a long bow to claim significant value, today. Cash in the bank is good and that is a floor....but upside.....not for a while yet. Management have played their hand well and preserved shareholder value (this is not to be confused with making all shareholders filthy rich overnight) to play again another day. This is the game played by all explorers and MEO will try again later.
MEO Price at posting:
23.5¢ Sentiment: ST Sell Disclosure: Held