where's all the brilliant analytical posters, page-30

Meo is a speculative stock and as such it has alot of risk.
It has hung its hat on drilling holes with very limited success.

Statistically, when all the geophysics and prestudy has been done, there
is less that 10% chance of success. Many oil/gas prospectors live off
shareholders from one hole to another with bouts of pump and dump
in between.

I had been in this stock at 44c and was lucky to get out a 55c before
a duster which saw the SP drop to 20c and sit there for nearly 2 years.

There's lots of time to get into an oil/gas prospector after it hits the
oil or gas when the risk is much lower even though the rewards are
more modest. Its all about risk/reward.

Some prefer to risk small amounts for a potential 2 or 3 bagger while
others prefer to invest more with less risk and smaller rewards.
The one hat doesn't fit all.

I'm sure if Iam is still around that he will have worked out the probability of success.

Cheers
Moorooka