MEO 0.00% 0.0¢ meo australia limited

Ahpigsy, I am just happy that it is climbing - actually I'm...

  1. 3,017 Posts.
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    Ahpigsy,

    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.
 
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