MOG 0.00% 0.5¢ moby oil & gas ltd

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

  1. 312 Posts.
    Ok thanks for that winecollector,

    Sorry this my last post on MOG cause I appreciate this info you just gave me. I missed it to be completely honest and I really appreciate your help.

    I didn't realise they MEO let some pipsqueek oil company get a share of the pie of the billions of dollars of tcf. It's a shame no one told MEO they could do another capital raising to keep 70% of 12tcf LOL. I would have thought a company with a 200 mill market cap would find it easier to raise capital. Silly me.

    Thanks again winecollector. It all makes sense now and I am buying tomorrow.
 
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