I only just logged on again from early this afternoon. Jeez, everyone is going crazy about this! I would like to talk about a few things... Just press "next post" if you get bored...
1) Jurgen is far from my mate. I only met him for the first time the other day, as I said to everyone on HC. If what he said in that meeting (which i posted most of) is true, then he may become my mate pretty quickly. hehe i.e. $3.50 etc etc
2) I would like to reiterate that he blatantly said to me "sell, if you dont believe the story" (again, that is paraphrasing, cant remember his exact words). The words arent important IMO.. What IS important is the look in his eyes when he said it. He honestly didnt care if i sold, because HE believes the story and thats what counts. He is our captain and IMO he is confident about where he and the other VERY experienced directors etc are steering the MEO ship...
If the share price tanks to 5c or whatever, trust me when i say that not many people will be more upset than me! But as everyone says on here, MEO is a VERY RISKY stock! It is NOT for the faint hearted, i learned that during Heron and Zeus.
3) I have NO problem with the news today. In fact, i see it as a positive, and to back that, i topped up around 12.5% of my original holding. When i run my company, some deals take 9 months and I can tell you they are a LOT smaller than the potential Artemis prospect. I think some people on here need a little perpective. I mean, cmon, some people take longer than a month to buy a TV from Harvey Norman....!! :) I hope i have made my point..
**please note again, as above, if it tanks to 5c, i dont want to hear "i told you so's..." as this is only my opinion - and an inexperienced one at that!**
4) Simon, i know its painful. I bought in at mid 70's too and then again at mid 60's trying to ease the pain, but IF/when it is $1 or more, we wont be thinking about this - we will just be happy we backed ourselves. (insert 5c comment here)
5) Lets remember something else, which others have also said - it was just 2 or 3 days ago, we were PRAYING it would go past 63c! Orgone is on my "favourite posters list", and im sure many other peoples also, because he explains his thoughts. His graph today showing the uptrend was important IMO. What do we expect? It to go to $5 now? I know that is what we WANT, but cmon... The key is steady gains, and then HOPEFULLY on positive news -> whoosh! (insert 5c comment here)
6) Finally -> MEO's balance sheet has not changed one iota since yesterday. They still have Artemis 70%, Tassie Shaols etc etc - When you value a business (to buy a 100% of it or 0.01% of it), it is generally on EBITDA (earnigs before interest, tax, depreciation and amortisation) and/or book/asset value and/or future potential earnings.
EBITDA is out, because MEO doesnt earn anything - YET. We, as shareholders, NEED to make up our minds on what the other two are worth to us!
I mean, do you think eBay did a good thing when they acquired Skype for ~$2.5 BILLION? It had revenues of ~$50 MILLION at that stage! That is 50 times future earnings!! They paid for the client list, that is it! *IMO* They saw that as an asset and they wanted it! I definitely wouldnt have paid that for it.. hehe Not that i could even if i wanted to.. :)
My point is - Everyone on here can speculate whatever they want and I love it, that is why i read hotcopper almost everyday. BUT, seriously, outside of the people in the inner circle who have signed strict NDA's, we are all just educated gambling. I know that, do you?
You all either believe the story as an INVESTOR, or you dont! :)
DONT PUT MONEY IN MEO THAT YOU ARE NOT WILLING TO LOSE 50% OR MORE OF. GREED AND FEAR, THAT IS WHAT THE MARKET IS MADE UP OF.
PS. Lostitall - PLEASE refrain from implying that i am somehow involved in corruption i.e. potentially lying about the meeting i went to (in that it "didnt happen") etc etc or being involved with MEO on an employed basis.. You have been downramping this stock since it was 20c, you obviously dont know what you are talking about. So, please, in future leave me or my posts out of yours until you state a FACT as that is all i have done.! That is probably why my post is 100+, to which i was totally surprised and flattered, and yours barely get read. Hotcopper is about adding value to the readers, not starting conspiracies. That is what im TRYING to do with my limited knowledge, are you?
MEO Price at posting:
67.5¢ Sentiment: Buy Disclosure: Held
