trade4profit, I like your MOGO formula (in fact I like and look forward to your posts overall). You cover what is, I suspect, a little appreciated fact about MOG, although prices later this week moved to discount MOGOA over MOGO at last. Also trade4profit, thanks for putting mme on Share Scene straight about CBA increasing their MOG holdings (which mme had erroneously interpreted as a selldown by CBA).
Here is your formula revised and used to predict MOGO based on MOG and MOGOA:
But what is really facinating (as you indicated above) is that MOGO become worth more than MOG - as MOG rises if hydrocarbon signs are evident in Gilbert or McLean-1. Here is a crude way of demonstrating this by progressively adding 1 cent to MOG and MOGOA based on Friday's close:
date MOG MOGOA MOGO by formula 7/10/2005 18 6 4 plus 1 cent 19 7 6 extrapolation from here plus 1 cent 20 8 8 plus 1 cent 21 9 10 plus 1 cent 22 10 12 plus 1 cent 23 11 14 plus 1 cent 24 12 16 plus 1 cent 25 13 18 plus 1 cent 26 14 20 plus 1 cent 27 15 22 plus 1 cent 28 16 24 plus 1 cent 29 17 26 plus 1 cent 30 18 28 plus 1 cent 31 19 30 plus 1 cent 32 20 32 plus 1 cent 33 21 34 plus 1 cent 34 22 36 plus 1 cent 35 23 38 plus 1 cent 36 24 40 plus 1 cent 37 25 42 plus 1 cent 38 26 44 plus 1 cent 39 27 46 plus 1 cent 40 28 48 plus 1 cent 41 29 50 plus 1 cent 42 30 52
Here's hoping for an oily drill bit this weekend.
MOG Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
