Tunksy has a track record of cutting low cost "pay per outcome" style deals. He doesnt go and spend $2m (and need a CR) to buy something, instead seems to say . . . ."OK, we will give you $50k up front, and a further $50k when we drill . . . . then if/when we hit something we all like we will give you shares and pay you a premium" . . . .
this is a safer way of playing it than making massive cash aquisitions and then needing to sweat the market for dollars.
If we hit something good and they give away a few million shares no one will care in an SP spike.
MEI Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
