Looking back it is very clear and frustrating that the several delays have knocked 50% off the SP in the last couple of months due to delays in the announcment.
If last year when the price was @ 0.80c we had recieved the details of the farm-in partner I believe we would have been on a much higher SP price then what we will get now once the details are announced, I expect around the $1.20 mark (without knowing the drtails of the farm-in of course) which is only a 50% increase off the high of 80c. Now to get to that $1.20 from the now low of roughly 40c it requires a 300% increase in share price.
A huge difference and with sentiment being batttered for so long it's a real shame!!
Would be interesting to see the real cost to Share holders in dollar terms to lack of communication.
MEO Price at posting:
44.0¢ Sentiment: Hold Disclosure: Held
