""A noteworthy point is that only existing shareholders before...

""A noteworthy point is that only existing shareholders before Rankin are asked to support the new issue. Rankin with its 120,000,000 shares does not put in 1 cent

Bundy""

Yes, noticed that too
Albers is basically diluting his stakes in Artemis/Braveheart/Cornea in return for $22mil to cover the drilling costs for BH/C in companies he's associated with
Kind of running his own sub farmout to would be MOG shareholders.

No doubt, he's a clever dealmaker and has picked his timing well, assuming this bull market holds up...

Thats all OK, question is are we (MOG punters) getting good value for money by supporting the RI ?

I've setup my own spreadsheet on risked valuations of said prospects and an average entry in low 20's looks OK (ie buy around mid 20's to qualify for RI at ~18c...)

The big question for me is the terms of MEO's Artemis farmout. I'm fairly convinced there will be "a" deal.
However the terms will influence how much risked value the market assigns to Artemis, rather than MEO's numbers, imo.