MEOAY is already nearing its 52 week high (US$5.58) with the latest quote being US$5.33. The latest rise was 7.03%. The SP in the US, along with the TA, has been tracking ours, as we would expect. The 10:1 ratio, and FX parity, puts it at 0.533c.
So it certainly is a timely promotional tour.
It would also be a good time to catch up with the Magellan group for a chat over morning tea.
Interestingly our 52 week high was almost a year ago (10 Nov) @ 64c. Perhaps we will be heading that way again next week. From there the 82c (Sept 09) parabola will be completed and with success at A#1, P68 farmin etc we should launch to tackle those massive gaps left post Heron.
#:>))
MEO Price at posting:
52.0¢ Sentiment: LT Buy Disclosure: Held
