nbbirch, yes but MOG will be sitting on 15% of a project that has the financial backer that can actually do a billion dollar project, that means they have a realistic plan in place to get investors some money back for the 15% and what they have spent so far on other exploration.
Until the farmin co is announced, the market sees MOG with little cash, and no concrete plan or backer to develop Artemis, so that means no real value.
Just think, would you prefer investing your money in a vacant property whose owner has "big plans" but no money or real history of developing sites/building, or would you rather invest in a property whose owners have the cash, the proven international experience, and senior management to develop into a 20 story tower?
MOG Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held