Ann: Acquires additional 5% equity in WA-360-P , page-9

re: Ann: MEO: Acquires additional 5% equity i... entropylord,

"To've raised USD7mm with script, at a discount to current mc, would have been worse for MOG holders."

That's wrong.

The identical dilution to shareholders would have been a placement of 144m shares at 5.7c.

If we could have raised funds at above 5.7c and kept our 15% stake, then MOG holders would have been in a better position.

I'm sure they could have got 100m shares away at 8c without much problem.

It's done now. I was actually expecting a placement maybe a month out from drilling at a much higher shareprice. They've been good at doing that in the past, which is why I'm so dissapointed in what they've done now.

This is a twenty bagger on a discovery. So all will be forgiven if they hit pay dirt...