Some great thoughts bbeenn, for the company however it's the...

Some great thoughts bbeenn, for the company however it's the delicate balance between making sure the SPP is taken up (they want the money after all) and making sure they are not giving it away at too much of a discount.

At the time the SPP was announced, I believe the SP was about the 23c mark it since dropped to 20c and now sits and 21.5c.

Assuming retail shareholders are PLBs - which I know is a flawed assumption; retail holders now need to consider the risks and potential benefits of participation.

As a LT holder I do want to give the company money and even selling x units at 20c and buying back x units at 20c will give them cash in the coffers. However I also have my interests at heart.

At this stage my holding in MEO is not large or at least is not anymore (my weighted cost of purchase is 40c+). I have funds on hand but it is earmarked for other purposes - i.e. I have access to the funds in the short but not medium term.

I have the option to arbitrage the 1.5c gap that exists with the current SP which is a benefit for sure but I have to weigh it against the following:

1.) Chances of scale-back I may end up with less shares than I started with which is not my intent
2.) Loss of CGT reduction from sale and repurchase of stock.

On top of this another stock I hold also has an ongoing SPP and the opportunity for arbitrage there is higher at present. I don't have enough funds to participate in both SPPs to the full.

The question I am asking myself is - is it worth the effort and risk to potentially gain a few hundred bucks and help fund MEO's exploration activities?

It is a decision only I can make for myself and to each their own but hopefully my outlining of my own position helps others come their own conclusion.