Xtract seem surprisingly committed to remaining with MEO considering the dire straits they are in. They seem to have sold just enough along the way to stay afloat but it looks like they had hoped to sell more into a stronger run-up to Z-1 results. They must still hold something like 40m MEO (my guesstimate?). Boy, talk about betting the farm! I seem to recall Tolhursts (Jurgen's former stamping ground) were key players in getting Cambrian, now indirect via Xtract, aboard MEO and J. may have even still been involved with Tolhursts at the time. I wonder if they've had any intersting conversations lately.
MEO Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held
