How resolute are Meo holders?
The expected managed news flow has begun from Mosman.
Their flow test shows oil on the wireline tools.
Their share price has moved up by 30% or so.
They are in a frenzy of excitement.
They are expecting the share price to keep escalating from here.
We can expect further "encouraging" news flow, I would suspect, possibly some director buying, and maybe as a final throw of the dice an improved offer.
Now question is do we want Mosman period?
The AIM market now values them at about $20m, yes!!!
Dunno if I'm reading it right but didn't their December RNS, say that on a mean basis their contingent resources were estimated at around 56,000 barrels.
Yes no missing zeroes there!!!
Nah, let's hope we all stay resolute despite what tactics they chuck at us.
Even better would be some great news from our board, that finally puts this cruddy offer to the sword.
Resolute
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