What - back to the 10/11c price it was already trading at 3 months ago?
One would seriously hope so!
CEO is a one-man band at the moment, and clearly ME is struggling a little bit with the bureacracy + legals with whomever it is he is negotiating with.
The 2 BIGGEST risks for CEO investors right now are:
1) The other party reneging on this deal and deciding they want more money and are seeking to re-negotiate terms (if they are a large party - as muted - then "good luck" to ME and his legal team taking them on in a legal stoush)
2) Anything happening to ME personally because there is LITERALLY zero back-up.
To this point, CEO as a comnpany IS Mark Earley.
These are NOT meant to be criticisms, they are pragmatic assessments of just what CEO is at the moment.
We should not be too preturbed thus far. The update in September gave no inclination that they were experiencing any snags. It seems to me that this is all business as usual in terms of dealing with a foreign, inexperienced, bureacratic regime (mongolia) and a large Third Party.
What CEO holders need to remember is that ME and the company are "jumping through all the hoops" under the public spotlight of the share market when - in many instances where new IPOs are concerned - such leg work has been done BEHIND THE SCENES + BEFORE an IPO listing has occurred.
Hopefully, there shan't be too many further delays. Afterall....a broad time table has been articulated and indications continue that the acquisition is moving forward, albeit with delays.
Good luck to holders.
Coop
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