MEO meo australia limited

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  1. 456 Posts.
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    onetonne
    There's no such thing as a free lunch.
    Massive gamble with the SPP?
    Its the same gamble at 20/21c as it was before the SPP was announced.
    Which is to say, the stock will rise or fall on drilling success or otherwise.
    One thing you are right on, the company is asking for cash.
    Prudent management, imo.
    Stop expecting to have your hand held - if you want guarantees go and invest in Telstra - its paying you 28c for at least the next few years.
 
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