Negative results from the next 2 production tests will make it a very challenging environment indeed for Meo management with little or no cash, a stigma and reputation that is not ideal and a share price that is very ugly.
How else can you attract cash other then at a significant discount to an already smashed share price?
What level is this likely to be.........the mind boggles!
The chances of sophisticated investors will be a pipe dream as a long and slow process to try and salvage some value starts all over again........
I feel sick............another Xmas destroyed.
Question is now end the nightmare or hold and continue the roller coaster?
MEO Price at posting:
18.0¢ Sentiment: Hold Disclosure: Held