Club Mulgoa

Tuesday, November 09, 2010

MEO

Bought for the first time after GFC at 59c. My brother said it is a good buy. It is actually a good buy but the market cannot comprehend what it is really worth. And with no concrete result when looking for a JV partner and a legal stoush with other partner, the share price drifting down and down. When it hit 33c, I topped up because the actual value of the company will only materialize when the gas is exported. Patience is a financial virtue. So today, at 55c, I am onto nearly 25% profit.... with more to come.

2 Comments:

Blogger Unknown said...

More good news on the horizon with Soga Venus now moving across to drill Artemis next week. Uncertified value per share is given as $4.31 or $3.27 without Artemis. Hope your readers are holders of this stock.

6:35 PM  
Blogger Unknown said...

More good news on the horizon with Soga Venus now moving across to drill Artemis next week. Uncertified value per share is given as $4.31 or $3.27 without Artemis. Hope your readers are holders of this stock.

6:36 PM  

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