re: Ann: Acquisition of 15% of WA-360-P (Arte...
for nostalgia sake I thought Id go back to 11am before all the craze really began and look at where MOG was then
"What an epic ann going unnoticed by the market
MOG getting a 15% free carried interest in MEO's Artemis is huge!
MOG currently has 80m shares on issue, with 120m for this new acquisition thats 200M shares = a current Market Cap of $24m
MEO which will have a 20% carried interest post farmout is $255m mkt cap
MOG $25M 15% free carried Artemis MEO $255m 20% carried Artemis You do the math "
MOG was 12.5c then, now by the close of trading its capped at $72m with a price of 36c
Just goes to show how inefficient the markets are at pricing stuff and what a bit of awareness can do for a stock
holding a small parcel now will be interesting to see where it goes from here
MOG Price at posting:
31.0¢ Sentiment: Hold Disclosure: Held
