MEO
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0.00% 0.0¢ meo australia limited

I am currently not holdin but looking to buy. They did have 48m...

  1. forrestfield
    12,115 Posts.
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    06/12/12
    17:41
    Post #: 11156855
    I am currently not holdin but looking to buy. They did have 48m cash according to last quarterly and they further raised 10m recently means they have 58m in total. They were free carried in two wells and psid for one. Their market cap was 106m at 17c while they are down 30% today which means their market cap is around 70m today.

    It represents a good value to me at these prices. Pls correct me if i am wrong.
    MEO Price at posting: 12.0¢ Sentiment: Buy Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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