sweet crude....optimism is all it is. I think only news very short term is financial report to yr end. I think in the next 2 weeks, there will be a write up about zeus drilling and talkup etc, plus will refer to RDI prospectus coming out soon. very similar to genltman agreement done in previous deals, where you agree that I will buy 10% of your overall company at average 60c, but the initial tranaction will be at 55c for 5% and and 65c for the remaining 5%..my company has done many similar deals like this (so its not uncommon). RDI float will get the price moving up for sure. as citco mentioned rdi values their 35% at $1.80. which means the 25% by meo is 1.25...plus add the other areas in the portfolio and you are looking at meo 1.50 plus.
Then again I could be wrong.....or I could be right.....been there done this before and have ended up the latter (lol)
MEO Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held
