MOG 0.00% 0.5¢ moby oil & gas ltd

mog looking for big chunk, page-9

  1. 2,071 Posts.
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    Significant number was sold today

    SP went down.

    Why people sell?

    1. Drill is not around the corner - may be 6-9 months?
    2. MOG has litle cash - possiblity of rasing?
    3. No proven reserves ; we all talk about it as if we have it already;

    Considering that major stake is owned by only few investors i think retail investors took the gain from 12 c to 16 or 17c


    THe risk is there ;

 
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