MEO in SMH this morning, page-10

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MarketMad

137 Posts.

07/04/16

17:23

Post #: 17449012
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Originally posted by chucke ↑

Absolutely correct MrMoshe........I know present shareholders don't enjoy hearing from disgruntled former shareholders but in my experience this company overpromised & under-delivered on every single occasion. So many wonderful & promising 'progressive reports' on drilling sites....ALWAYS DISAPPOINTING eventually. Often these 'promising news' events would coincide with a Cap Raise paradoxically ??!! At one stage they had $100 million in the bank that gradually diminished after so many 'wells' with great potential went to sh*t. They were proficient at attracting partners & JVs.....but the point is despite all of the technology & scientific expertise....NADA...not once ! I know the Oil & Gas Industry is high risk....but other companies manage to get it right occasionally ....not this baby ! SO the word is CAUTION.......they can't base their predictions on a regime of success is the main warning. You could say to yourself...'this time it's different..' I wish you luck because you'll need a fair bit of that !!!!

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I agree 100%!! I remember from the days of Artemis (MEO @$0.50)....which was a 'hit and miss'.....big publicity of who the JV partner was and all (of course we now know it was the Brazilian petro giant Petrobras)...what a flop that was!! Have they delivered anything for shareholders since? Wouldn't surprise me if they haven't!

MEO Price at posting: 1.7¢ Sentiment: None Disclosure: Not Held
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