big dump, is this the end of the spp?, page-12

ANZ
OK, if you want share thoughts...
You may recall recently I suggested selling MOG shares post record date and re entering via the RI entitlement.
This is a lower risk exposure since RI monies will be refunded if the minimum funds are not raised.

I suspect this strategy has "contributed" to the recent selling.

However, this strategy is not completely without risk.
MOG could place any shortfall at lets say 14-15cps ?
ie, resolution 7 seeks shareholder approval for a further placement at 80% vwap.
So a lowball shortfall placement could undermine those that took up the rights at 18cps.

On the positive side, Res 6 allows more shares to be placed at minimum 20c, and Res 8 seeks approval for Albers Inc to participate in any shortfall up to 74% of total shares post CR
These two positive scenarios seem unlikely atm based on the current sp and the info those at our level are privvy to....

I have a downside manageable holding now and will decide on Monday whether or not to B-pay funds for the RI.

Ersoteric
Correct, Cornea drilling will go ahead regardless.
However, MOG's participation in the jv depends on funding and this is not guaranteed yet.