MOG 0.00% 0.5¢ moby oil & gas ltd

I think my naive calculation is abit off though. $0.24 is...

  1. 742 Posts.
    I think my naive calculation is abit off though. $0.24 is probably fair if they only do a 1:1 offering. As noted from announcement they're also issuing another 40.4M shares at not less than $0.20. Hence it'll be diluted further. Not sure if i'm right or wrong.
 
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