positve price action

This week's price action looks pretty positive to me.
Yesterday we blew through previous resistance at 6.7/6.8c.
That now support level held this morning before strongly bouncing to 7.5c at time of writing.
Since Jurgen had his wings clipped by the board following the Gurame mis-step (see the Chairmans letter from March), the announcements have been few and far between but clearly a lot of work and analysis has been on-going.
AgentDownLoad has been eloquently putting the bull case for why a lot can go right for MEO in this half.
WA 454-P deal (with more to come), Evans Shoal and NT/P68 drilling, and now the farm-out of the giant (that's in industry terminology lol) Beehive prospect which should be announced Q4, and is highly likely to result in a lucrative carry for MEO for little if any outlay, and probably some more cash in.
There have been a lot of punters burnt on this stock over the years, and the angst is still evident on Hot Copper.
But the past is not necessarily an accurate template for the future, particularly now when the board have put the CEO / exec team in a low risk straight-jacket.
I think MEO have a strong technical team, and as a shareholder am happy that they are able to continue to generate large prospects that will now not carry material risk for MEO shareholders, but with the potential for huge upside.
And we still have the Tassie Shoal project still in the back pocket.
I think those that wanted out post Gurame are out, and the share price has bottomed.
There is clearly less selling pressure around now, and I think MEO share price grinds higher as the major events draw closer.
Good luck to all holders, particularly the long term ones.