I am just happy that it is climbing - actually I'm stoked. I would have been happy just hovering around 42c for the next week. Looks like a 44.5c finish today which bodes very well for next week, especially on a mediocre ASX day and the T+2 trading day after the run on Wed. I thought about selling in the high 40s, but I think this is now on its course and money will continue to pour in until the drilling is underway or the mileston is reached - seen it too many times before, FMG and IGR spring to mind.
Then the big question is do you take profits before the result is known. I have weighed up the risks and I think the way to go is to see what they find. If they hit 12tcf+ I can see this becoming a 10 bagger for most. Cheers.
MEO Price at posting:
44.0¢ Sentiment: Buy Disclosure: Held
