re: the downturn in price. >>but im sure of lot of those sellers...

re: the downturn in price. >>but im sure of lot of those sellers are not on this forum to read everyones comments, which might have helped before doing any regretful moves!!<<

What, selling on the open yesterday @ 48.5 a regretful move - Hardly.

Analyse the current situation.

At some stage MEO will get around to announcing the identity of the JV partner. But only once the JV partner give the go ahead for MEO to do so. The Big Brother JV partner will be calling the shots.

Many here already have an expectation that it is a 'major, substantial and financially sound' organisation who will be negotiating T&C's with MEO.

What then, once the partner announcement is made?
A small sp spike and then settle back.

Maybe months of T&C negotiations and FIRB approvals.
OK time for ink to paper.

What then?
Maybe a drill rig agreement is in place in the near future and drill rig is over target late this year, maybe not. Could it be 2011?

What then?
Waiting and waiting for some fresh results from the deep down dark seabed waiting.

What will the share price do during all this waiting?
It will go up it will go down.

What will MEO do?
MEO will do what they are experts at pump out some more Claytions ASX announcements to keep the sp afloat.

What will MEO-mites do when sellers get active once again MEO-mites will claim sp manipulation and instos sell to themselves, talk about cappers etc as well as mismanagement and management incompetence,

ASX is an EXCHANGE some will buy some will sell.
Holders think sellers are stupid.
Are those who sold on the open @ 48.5c on Moday (yesterday) really stupid ?

Are those Hot Coppers who ramped the sp the prior week during the trading halt misguided

You make up your mind about that.

The early MEO sp mark down is not surprising..

IMHO - DYOR

Tomorrow is another day.