my take on the situation, page-9

I am certainly not against the whole CR, I think the Share Price is certainly an indication that MEO have not communicated well with the market on the purpose of it.

Had they had a specific prospect or project in mind, even a vague reference in the announcement might have had a bit more upward pressure on the SP. I am surprised at the big dive in SP, but I will hold.

If the A-1 drill is a success, then they may announce the commencement of Tassie Shoals with a new farminee.