Don't see anything happening at the board level....the review has cleared everyone of incompetence. My slash and burn option is not going to happen.....disappointed I am.
The T20 shareholders have already taken advantage of the current situation ..they increased there total shares numbers be 4million shares. Refer top 20 Liston the meo website.
Resource updates are always good...but more so for the longer term.. Nearly all prospects will have a resource upgrade I think.. To me this confirms my view that meo has great potential.
I have been looking at the trade patterns of late and come to the theory that the share price has been forced to the 7cents for awhile....this is being done by a top 20 holder..I think I know who it is.?
He is accumulating at these low prices by capping an upward movement...But not selling..just keeping the price under control... If I am correct this will be reflected in the next top20 list.
This is the reason that no good news will cause an upward movement in the share price..
Trust is a naive word in reference to small cap O&G companies.. No shareholder trusts a small cap even if it is not called Meo.. I could give u many examples of small caps which don't have Trust..
Looks like there will be consolidation setting in at the moment till some of the prospects have rigs booked to drill.....the earliest timeframe seems to be at least be 6mths....ie drill for dec 2013 per Adl suggestion....
MEO Price at posting:
7.1¢ Sentiment: Buy Disclosure: Held
