Well last trading halt was due to the experts opinion, presumably this is the same? How a non-geologist values a permit is beyond me. It cant be anything to do with MEO because that would be insider trading and breach of confidence if Rankin has been briefed on the progress of the farm out.
Lets not forget that if the farm out has not been concluded then this fact needs to be disclosed by MEO to the market. so no news is still good news at this stage i reckon.
MOG Price at posting:
21.5¢ Sentiment: ST Buy Disclosure: Held