Did you get written confirmation that the drill will happen Sept/Oct? If that is the case, would that not mean that a contract is signed and, as such, should be announced to the market? Isn't there a cloud over both possible rigs due to delays/potential further delays on their current contracts (which is beyond the control of MEO)?
You say the value of stock doesn't diminish. Value is a subjective, intangible thing and it can diminish absolutely as it is at the whim of the market/manipulators/bots/slimy trolls etc etc. The reflection of value as a tangible thing is the price. You can present an argument as to why you think MEO has value, but that doesn't make it a tangible reality.
At the moment, no matter how much "value" you attribute to MEO, it is currently valued at 27c. This simply will not change until we get a sustained string of positive anns. This will improve the perception of inherent value, which in turn will be reflected in the share price.
I see a lot of potential value in MEO, which is why I continue to hold, but holding my breath this far underwater is becoming pretty tough. Just gotta hold another 3-4months......
MEO Price at posting:
27.0¢ Sentiment: Hold Disclosure: Held
