MOG 0.00% 0.5¢ moby oil & gas ltd

75c by 19th november?, page-4

  1. 1,665 Posts.
    So now we have an updated confirmation of 320m shares post the SPP. Under the 1-1 offer, buying in now at under 30c should give a holder a weighted cost of 24c. Based on 320m shares, 15% of Artemis (targeted 12Tcf recoverable with estimated 32% CoS) would be worth $350m on a risked value of 60c/GJ. This equates to a risked value of $1.09 per share. So in the lead up to an expected positive farm-in announcment on the 19th, the SP could rise to around 3/4 of this - say 75c - giving the real possibility of a three bagger in less than a month.
 
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