I personally think that there is a decent chance of another delay. Hope I am wrong though.
Big deals take time to negotiate. Also, in last announcement Jurgen used words such as "extremely tight" and "EXPECT to complete", which do not inspire much confidence.
You would think that if they were confident of a deal happening in october, that they would have published another deadline, rather than saying that they simply expect it to be completed sometime during the month.
My tip is mid/late november.
To answer the other question, this stock, in my opinion, was looking a hell of a lot like a sell-the-news situation. However, this has all changed now that nobody knows when the news will be released. I am struggling to see this not hitting 0.80 come announcement.
MEO Price at posting:
65.5¢ Sentiment: Buy Disclosure: Held
