Capital raising eventually but you must remember MOG's admin costs are next to nothing so they could still have a CR in six months time....and they have no other expenditures other than admin expected for rest of year as drilling of Artemis later in the year will of course cost them nothing...
I suspect they will do the cap raising closer to the drill date to ensure they raise at much higher price...
MOG Price at posting:
19.0¢ Sentiment: None Disclosure: Held