True this stock may drift sideways but it may also attract interest at anytime particularly if say the LNG project deal is signed and the commercialisation path is finalised, or FIRB approval is granted, or there is finalisation of the dates surrounding the drilling programme. Who knows when they will actually drill or when the pre-drill rise in the SP will start. We could also see a lot of short term selling pressure come off when all the short term sell into the announcement traders leave. You could say MEO have a few buns in the overn apart from Artemis but they are down too. So not being able to tell the future Im happy to keep my core holding, get the CGT discount, and add some more as a trading parcel if it drifts back down to where we were a few weeks ago.
MOG Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
