So 55% take up of SPP....
Not bad considering where the SP drifted to , another 550 k into the Cuban war chest and minimal dilution..
I did feel and have let them know they did this to early..
The SP was on a decent upward trend and one can only surmise if they had waited a few months they could have got this out with more funds received and less dilution for shareholders.
Hopefully now this latest equity raise is all out of the way and history, they will pump up the IR/PR again and get the ball rolling.
I do think we will be farming out equity for carry towards or even covering full drills in Cuba and I think it will happen reasonably fast.
MEO Price at posting:
3.4¢ Sentiment: Hold Disclosure: Held
