It would have been interesting to be a fly on the wall when MEO convinced Farallon Capital Management to stump up 10 million to invest in MEO. What information were they provided that convinced them to risk 10 million in cash on a well that to date has provided only limited information to the market. The price, 24.5c, was a relatively small discount to the share price at the time. Farallon were prepared to invest as much as the combined SPP. To me it speaks volumes regarding the potential for MEO. Their stake takes the top twenty holding around 33% of the stock on issue.
MEO Price at posting:
28.0¢ Sentiment: Hold Disclosure: Held
