YT Yeah i agree, dont think MOG need to raise capital, the 2+ million in the coffers will pay for 2+ years worth of admin and office lease.
MOG has not commited to any further activities on any leases. Alber's will wait for the SP to rise and perhaps raise cash just before spud when SP is at a higher price.....
May raise 20-30million when SP is at a conservative 40-50cents we may look at about 10-15% dilution. Even so it will most likely be to sophisticated investors and perhaps his own companies will buy into it... As long the share placement is to insto's and other funds that will hold the share's tight I dont mind the CR.
The CR will also de-risk our own holdings, if MOG holds around 20-30million in the bank, which is around the price of todays MC, then on bad news (A-1 duster) then this money will allow to keep SP afloat at arouond current prices...
MOG is less risk then MEO imo.... My mate always told me, you make money when you buy not when you sell. Must buy at bargain, its much less risk then... And current MOG price is at bargain...
MOG Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
