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In the Majix Mix

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One for the watchlist.

MEO Australia Limited (MEO)
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Updated 23rd-September-2007 at 08:19 PM by moneymajix



  1. moneymajix's Avatar

    MEO - Volume 5,206,663

    $1.18c (up 5c)
  2. moneymajix's Avatar
    Management not happy with the current sp
    ($1.13) due to substantial shareholder selling (see today's ann.).

    I have bought.

    From the announcement:

    ... the Company is embarking on activities that could confirm commercial gas
    reserves in NT/P68 and lead to the initiation of the development of the proposed LNG and
    methanol production projects.
    The Company remains optimistic about its drilling activities and the subsequent development
    of its significant gas processing projects. The Heron-2 well was spudded on October 12,
  3. moneymajix's Avatar
    MEO up 20% to $1.20 after ann. today

    Waiting for more gas news.

    Went sub-$1 yesterday!
  4. moneymajix's Avatar
    MEO came out of Trading Halt today.
    Reached a high of $1.43, up from previous close of $1.29.

    I took some profits today.

    Currently $1.375c.
  5. moneymajix's Avatar
    MEO - $1.60c.

    First mentioned at end of Sept at $1.18. Fell to around 90c at stage before recovering to high yesterday of $1.62c.

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