This is only considering Artemis - but it is the main...

This is only considering Artemis - but it is the main consideration for all these companies.

The detractors are worried about cash - but the numbers are still good.

Artemis has a risked value of $2,400million
(Well documented - go see MEO)

Cash position
MEO $17.4million
CUE $4.3million
MOG $478,000 (hence the cap raise)

But I think the Artemis value should be considered more

MEO 20% = $480million = $1.15 per share = %164 on today's sp
CUE 15% = $360million = $0.52 per share = %192 on today's sp
MOG 15% = $360million = $1.80 per share = %514 on today's sp

Now the cash position.
Even if MOG dilutes another 50% they're still trading at a premium.
Note- 50% dilution at 20cents would give MOG $20million.

After the dilution - Artemis is now only worth $1.20 per share and holders are likely to have picked up a discounted package.

Yep - I'm scared - 400% premium ($1.20 over today's sp) and possible cheap share entitlements
AND
still cheaper entry to Artemis than MEO / CUE

Comments welcome

Apologies for any re-hash