I have not posted on hot copper for quite a while
preferred to watch and read. was disenchanted with MEO and also with most of the postings.
my mate warned me ages ago that the market had already factored in the farm out and the SP would not change when it was announced. Like everyone on hot copper i did not believe him and in some ways i was scornful of his well intentioned advice. he now tells me that everyone knows the FIRB will approve MEO and it wont change things at all.
In some ways we all know they will approve it, and the MEO market continues on its slide south
I have decided to hold . the only reason is now i have no choice. 50 cents is my break even point and along way to go.
so not doom and gloom but i certainly think my friend could be right
best wishes to all
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