Over the last day or so ive become alot more optomistic about the current situation, concerning the RI.
Is anyone willing to share their thoughts on the SP post Rights Issue (if its succesful)?
Surely with certainty about receiving funding for the BH & Cornea farm-ins & the aquisition of Rankin Trend/Artemis, Mog SP should be re-rated north.
Spanners in the works could be: MEO lose the farm-in partner & have to commit to drilling themselves, while not being a negative scenario, far more positive would be to have an experienced international onboard, from recent MEO form i dont think a go it alone drill commitment by MEO will be warmly embraced by MOG shareholders??
There is a re-rating south due to the dilution of additional shares & doubling of the market cap?? (is that right?)
What else am i missing??
comments welcomed cheers wg
my main prob now is to find the funds to participate
MOG Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held