Sorry if I was a bit short, I was on the run all day today. This announcement today is great foundation for the rest of October. If MEO announces a deal, then we win. If MEO doesnt do a deal, then we win bigger. If by chance MEO hasnt committed to do the drilling by the 31 Dec, we are back to a 50/50 split of Artemis (MOG and CUE). Doesnt mean to say that MOG and CUE have to do the drilling, just means we can grow our percentage of the free carry stake. In effect divy up MEO's stake. Although just to be clear this is hypothetical only, as the announcement said MEO would be mad to let this lapse and there is every indication that they have negotiations underway.
Cheers
MOG Price at posting:
25.4¢ Sentiment: Buy Disclosure: Held
