Blurrt, Repsol is not the one otherwise MEO would have been compelled to announce a further delay due to unforseen circumstances otherwise they would be in legal breach of their responsibilities.
I know it's late and we are all getting frustrated ..I see you must be getting to the edge yourself..not much we can really add to what is going on with MEO until the final release of the Farm In details ..or..details of No Farm In.
I previously posted that this would not rate a chance until after the Solicitors got back in full swing in Aus after Australia day 2010.......I have purposely not posted since December..although in frustration I have posted on the Humour thread in the interim on the 14th Dec...Sanity prevails in that thread.
In my opinion ,the reason for a FEB announcement is simple...
Do not expect an affirmative ,definative, announcement until end of FEB...Have you ever in your wildest dreams managed to get a definative position on any legal matter that involved greater than $50M over the Xmas /New year period in Australia!!....forget about anywhere else in the World...It does just does not happen ..until normal legal , top end , decision making lawyers are back on board after the Oz Day long weekend.
Then, it takes them 2 weeks to get their heads around the paperwork and De-briefings from their junior ranking solicitors..who have to work over Xmas/New Year.Add another week for adjustments and final drafts.. that ,then ,brings us into 2nd week Feb.
Then..Then....hold your money (or shares)..It's Chinese New Year..for 2 weeks...Hopefully it's not an Asian outfit or an outfit with Chinese Solicitors..otherwise we will go into our Christian Easter Period..Not another bleedin' Holiday to stuff up my tradin'!! BUGGA!!
So do not expect too much excitement over the next few days..I may have to carry over my current months excitement..in the way of the Stock Tipping comp tips.. into the FEB comp..or just post a few more jokes or delusions of Humour on the Humour Thread...good therapy whilst waiting for affirmative announcements posters..you would be amazed at posts there ( Noticed Jakspara recently..Onya Jak!:)))!!
I have been catching up on a lot of posts 2 nite ..whilst have a Glass of Ausralian Sauv Blanc ( support the Local Industry is my go..we supported the Fledgling NZ winemakers for too long now..IMO)..Good to see ,Iam , keeping up the good reporting and honest,personal,assessments... how it should Be!
Now ..What can you do...to drive you from away insanity, until the announcement you want is actually released..that is ..the one with the FIRB approval..not the one with the terms and conditions subject to FIRB approval.
Simple ..visit the Humour thread or take a Holiday or run along the Beach..with your dog ( whoever that may be!!) Just Enjoy Life..it's too short for us long termers..or it's far too Loss making for the Day traders..Day Traders get a life!! Either Hold or Bugga Off!..Hold and you will make money..when the cycle is right.
Long Termers..unless you are in your 30's , my advice is ..LIFE IS TOO SHORT..enjoy what you have and spend your profits on your well earned toil translated into a well earned lifestyle...View MEO as free carry opportunity.You wont have much jor spending up big and enjoying life in a coffin.
could go on and on and on and on..must be something in the Oz Sauv Balnc I am sipping..HMMM..not bad..time to get another Cold Glass and put my Feet up!
Communicate soon ..maybe in the Humour thread while we wait...
PS ..I DO NOT expect to see to much other than +/- 5% weekly variances until an Affiramative announcement is on the cards..In that case ,I would expect to see , a rise of 5% + on large volume over 2 days ...2 day TH to follow and then 3 days of frantic trading..if it is really,really good news..raising the SP to spike at ,circa $1.10 .. very High Volume..settling back to Mid 70-80c over the next 2 weeks..profit takers moving in and out with a 4-6 month wait after that until the Drilling program is released and executed ..with Drill results out somtime in the 4th Q 2010..then it will really be MAKE OR BREAK for MEO.
MAKE....$3 PS Duster 1: <$1 Duster 2: <$0.20 Duster 3: <$$ I would have been out @ Duster 1
Cheers All
Remember Life is too Short..If you cannot remember that,then you must HAVE Alzheimers disease..perfect disclaimer in my Opinion..apart from the wine I am drinking!!..All of the above comments are under the influence of an Ozzie Sav Blanc..So they really are not my opinions if I was not under the influence..are they ???
Have a good night and hold tight!
MEO Price at posting:
46.5¢ Sentiment: Hold Disclosure: Held
