I personally believe that a CR ann. is extremely unlikely to come before MEO's farm-in ann. The CR is required to fund Braveheart/Cornea drilling and the farm-in to these two permits is conditional on the CR. The acquisition of Rankin is also conditional on the CR. IMO holders would not be confident enough take up the RI until MEO's farm-in ann. is made. Without the latter, the CR is at risk.
In regard to Cue farming into its own permit, it makes no sense bearing in mind that Cue farmed it out to MEO to start with.
MOG Price at posting:
19.8¢ Sentiment: Hold Disclosure: Held
