I've been positioned in MOG since pre the SPP and its been a fairly dull last six months but now I think we are about to get some excitement that will more than make up for that.
This stock is beginning to get noticed as the cheapest exposure to Artemis and should continue to rise on the slightest whiff of drilling date information. Once we have a date - and I maintain we are looking at late November - traders will pile in pre spud and I can see the SP putting on 35% plus from here within 6 weeks. Not to mention that with a high (for a wildcat) CoS of 32% and a potentially 10 bagger payoff, MOG is set to go gangbusters during drilling. On a risked basis MOG should be trading at least 50c.
MOG Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held