MOG 0.00% 0.5¢ moby oil & gas ltd

According to today's ann., Mr Albers and related entitiesown...

  1. 7,501 Posts.
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    According to today's ann., Mr Albers and related entities
    own almost 170 mil MOG shares out of a 288 mil total: that's a hefty 59%.
    So one would have to reasonably assume that Mr Albers approved the recent 5% sale of Artemis to MEO.

    Which begs the question:-

    "What's going to happen to the remaining 5%?

    With 288 mil shares @ 9 cents that values the company @
    $25.9 mil & assuming that the remaining 5% Artemis is also worth $7 mil, that leaves the remainder grossely undervalued @ $18.9 mil!

    Moorooka Mick
    (The truth whisperer)
 
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