As i said earlier - I'd be surprised/disappointed if the farmin docs are not executed by end next week. IMO - I suspect the unresolved issue is probably something to do with the way CUE likes to do business and is not of a monetary nature. It is also difficult to imagine that the PF could not make an investment case with 85% of voting rights/assets on side.
Still only my opinion and I am very comfortable with it. Comfortable enough to continue adding to my already sizeable holding. Today's price action is ho hum and as I have said before - too many stale bulls/DTs - so i am not looking for the share price to rocket off to $1.00 let alone to 75c. That will come later - the drivers being excitment going into the drilling, progress made on TSMP/TSLNG/NTP68 and perhaps major offshore investors coming onto its share register.
Cheers all, Gasbag
MEO Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held