ronstieb only time will tell that, the issue is the rights and placements are not allocated yet, there will be some serious sell pressure on this stock when they are.
I was disapointed the rights were not in the money when they were due, and felt the directors should have delayed the raising until after some more guidance from MEO on the Artemis farm in.
Still reckon it's a ST sell, I will be taking a Long position when the sell down occurs, which will be after the ~77m shares get allocated at 18c! I don't believe this stock has historically shown it has the liquidity to handle the volume of traders who will be wanting to trade out
But good luck anyway mate!
MOG Price at posting:
19.5¢ Sentiment: LT Buy Disclosure: Held
