re: Ann: MEO: Acquires additional 5% equity i... People... don't...

re: Ann: MEO: Acquires additional 5% equity i... People... don't speculate on what Albers can and cannot do. You will get yourself tied in a knot.

The guy has a business model that is successful for him. No one has any idea why the 5% MOG interest has been sold, but it is clearly for something else on the horizon. You can play the guessing game or you can just wait.

Albers has a range of unlisted entities with oil and gas acreage all over the show. He could be doing anything with that money.

If its funneled into acreage Londer, then I would put my money on it being used on Goldsborough's massive footprint in Northern Territory. OXX just churned some cash Golds way by buying shares, maybe MOGs money will be used for some of the seismics that need to take place out there?

I will say 1 thing MOG is a surprise bag, I remember buying in at 5c when they first farmed into BH and committed to drills. Then after Artemis farm-in i woke up to see my shares worth 30c and climbing. With US$8 million in the bank, I would say to current disgruntled holders just hang in there. Albers is in control of this ship, just ride the wave of speculation.

Disclosure: OXX holder