IMO it's as I mentioned last week, the brokers doing the ring around to their clients selling the story, getting them on board for the rights issue that they will get a 2.75% commission on the funds submitted! And incur bro on the buy and sell(s).
They always makes the calls late after doing some research and getting there personal holdings sorted, expect this to keep going with a record date 17th Nov they will be on the phones until close of trading 12 Nov the last day to get on the reg. Last week the brokers were buying in for themselves and not paying up, this time it's client money - they are long now - they'll push the price up.
Just my opinion folks but it sounds logical doesn't it - hence IMO it's how it is!
MOG Price at posting:
21.5¢ Sentiment: LT Buy Disclosure: Held