Just read the latest MOG letter to MEO shareholders which is full of all sorts of allegations and claims.
The one that caught my eye was "it has successfully raised over A $12 million via share placements in the past year alone".
"Mosman had over A$2 million in cash at the date of the bidders statement"
So that means Mosman have spent A$10 million in the past year , on what to gain what ?
A few permits that everyone else has drilled and were dusters but you think you know better, or a crappy little gas seep or wait for it a 20 barrel a day prospect that all your shareholders are creaming themselves over.
So Mosman it might be time to stop crapping on about the MEO cash burn when you are no different !
MEO Price at posting:
1.1¢ Sentiment: None Disclosure: Held
