Iona wrote"Surprising that the share price is holding so well...

Iona wrote
"Surprising that the share price is holding so well but certainly think no capital raising can be anywhere near 20cps unles a left-field event spikes the price."

Correct
Like I wrote, the line of credit is probably there to allow a CR at a more opportune time, like one month before Artemis spuds. Under that scenario, I think a CR at 20cps is doable. Right now they'd be lucky to get 10cps

Oscarwon wrote
"MOG does not need money in a hurry, the cash left over, like others on HC have said will be more than enough to cover admin costs for a year or so."

Not exactly
Cash at 31-03-2010 was $1.662mil
Less estimated Exploration expenditure for June qtr $1.650mil
Less Admin averaging ~$150k per qtr
Less Braveheart costs dispute $ ??