MEO 0.00% 0.0¢ meo australia limited

trading halt, page-48

  1. 5,048 Posts.
    nice to get further institutional support?

    now that heron has gas indications the project has been massively derisked.

    the thought of meo issueing shares to institutions at a price which meo were prior to spudding is a little on the nose.

    at december 31 they will have $20 million cash. perhaps a spp would be ok if they really need the cash but let the instos buy on market or issue them some shares in a month or 2.

    cheers

 
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