People keep saying stuff about "MEO" like once bitten twice shy...

People keep saying stuff about "MEO" like once bitten twice shy and that there is a lack of trust in "MEO management" because of past drill failures. I don't think the real money has an uneasy sentiment about MEO at all. Past failures are simply the nature of the exploration game - win some and lose some. Smart and big money absolutely understands this.

The hesitancy to bid MEO up this time on the basis of possibilities says much more about the market as a whole right now than it does about MEO. The market is much more risk averse now and not by any means with just MEO.

In short, it's a market thing not a MEO thing.