Hi there Meomites ,
The latest management presentation is pretty good
I just love Slide 8 titled "Focused Strategy"
The Focus is where ? - when under siege and digging in what is your focus
Survival to throw more money down a hole somewhere
It is a brilliant slide as it has a Roman Forum theme
It has 5 columns holding up the Roof
But the Forum Romanum has 6 in the front porch
Don't despair because CUBA is there
And MEO has some staff with experience in Cuban-style geology
Is that the Rhumba we hear
And there is the once producing Puka Oil
All the management sophisticated words you need to fend off the Mosman are there
Risk managed
Rapid expansion
Leverage quality
Strict financial
Strong core
A bit of RM+RE+LQ+SF+SC = = = ?
Wait a minute! that is an algebraic model so far too simple.
We need some exponents for a power law model consistent with observed complexity
When you look at the share price since MEO was born it reminds you of a
spectrum analyser display with big peaks where the money was flowing and desolation
when RESULTS spoke the truth
I am surprised that the struggle is still underway
Best wishes for an outcome that MEO deserves
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