MOG 0.00% 0.5¢ moby oil & gas ltd

why sell 15% stake for next to 0, page-16

  1. 960 Posts.
    There is a simple answer to the title question

    Gascorp have diluted their asset by 33% to list

    Listing will increase the p/e value by 2-3 times

    Now do the math.


    also,
    they haven't sold - they have taken over the shell (Moby)
    That is generally what happens when you own 60%

    It is a simple backdoor float.

    Gascorp is hitting the market when it is hot about Artemis.
 
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