MOG 0.00% 0.5¢ moby oil & gas ltd

why sell 15% stake for next to 0, page-2

  1. 252 Posts.
    they haven't really sold it.. just vended their share of the lease into a public company, presumably so they can raise funds much more easily (much more difficult if kept private) for their other commitments. raising $21mil shouldn't be much of a prob now, particularly if the share price keeps on going like it's expected to

    ownership of the main asset (the 15% stake) will change a little, but for the most part it will remain pretty much the same
 
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