Looking good for OA's call on a bounce. US markets only down 1.5%, which means ASX should bounce at least 1% just like the European markets as long as no major issues crop up over weekend. Aussie futures currently up 0.75%.
The next two and a half weeks will be the key for defining ST SP and agree with Farah that 30c is possible if the preferred farminee surprises by opting out. However, a stable market and positive news could easily see us at 80+ by year's end. That's the risk you take, but the good news now is we can at least commit to drilling given our funding. Good luck holders.
MEO Price at posting:
40.5¢ Sentiment: LT Buy Disclosure: Held
