This is the biggest issue imho atm. This needs to be clearly explained at the AGM. If MEO can give a binding agreement to drill by 31st Dec and set a date then we should be OK. Mid Dec = Annoucement finally! SP rises well especially if Tassie involved.
However if the binding agreement must be 100% sure (i.e FIRB granted if a foreign firm) then I would be more concerned.
This still is VERY PORR PROEJECT MGT. NO EXCUSES!
I am postiive and holding, but we should not be over positive and let poor mgt get away without being critisized.
If A foreign Firm they WOULD HAVE KNOWN IT NEEDED FIRB - whys et 18th Nov??
If the farmin forgot to state they need board approval at next AGM = very poor on their behalf. Porr also on MEO's part for not checking such BASICS!!!! They knew and wanted a roller coaster ride for sure! MOG is the winner EITHER WAY this goes! MEO MUST get the deal done!
MEO Price at posting:
55.5¢ Sentiment: Buy Disclosure: Held
