big dump, is this the end of the spp?, page-9

Apologies for repeating some comments from other posters or the bleeding obvious.

IMO the RI is now at risk of not being fully subscribed based on today's trading. Holders are unlikely to take up the RI if the SP is trading at or below the RI price.

If the RI fails then the farm-in deals unravel and Artemis, Braveheart and Cornea are gone. Under that scenario, what will happen to the SP? IMO it will probably drop back to the level prior to the announced farm-ins, ie around 6 cents or a little higher.

Given the above possible outcome, I find the current trading curious. Anyone buying today at between 16.5 to 18 cents is taking on a high risk that the RI will fail and the SP will tank.

I think that ronstieb is right in his proposal that Albers needs to make the Artemis acquisition unconditional bcos without Artemis, MOG loses most of its appeal/value.

I have yet to decide whether I will take up the RI and I am likely to leave my decision until the last day. I am interested in more feedback/opinions/comments from holders.

ANZ