"If it really was a 32% chance, MEO would be holding on to that 70% so tightly and doing their own capital raising then give MOG some easy billions."
Indeed, there are many smell tests that tell one the real risked outcome is nothing like 32% of 12 tcf.
If the true risked reward was much greater than 1 tcf (vs the 4 tcf purported) then we'd be seeing more than mums and dads on both the MEO and MOG registries. The obvious thing with the MEO registry is the dearth of serious money.
Also where are the serious tipsters and brokers?
But hey, I"ll settle for seeing just one WPL,BG,Total or AWE banging down the doors.
Trust a risked tcf from a tinpot company, way out of kilter with industry norms, and in defiance of various smell tests at your peril imho.
But what do I know? nothing about geology for sure, and I am no investment adviser, plus I am not even paid by any of the companies involved. DYOR, but let your gut feel prevail.
EL
EL
MOG Price at posting:
22.8¢ Sentiment: None Disclosure: Not Held
