hopefulone,Based on MEO fundamentals right now, i dont think we...

hopefulone,

Based on MEO fundamentals right now, i dont think we will see a downtrend from here, unless of course the whole market heads in that direction. I agree MEO SP value is very market sensitive and on negative sentiment MEO being a little closer to a speccie stock always drops pretty fast. But its fundamentals are much better now and with FIRB approval there is no real reason to see the SP remain this depressed based on its risked value with regard to WA-360-P.

I would expect after FIRB a slow climb up until spud date (allowing for pull backs as the market pulls back at times).

I think MEO has really found a likely bottom at the 30c to 33c range. Time will tell i guess,but that is what looks likely to me.