MOG 0.00% 0.5¢ moby oil & gas ltd

trading halt, page-20

  1. 1,950 Posts.
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    ronstieb,
    I agree that Albers wouldn't be keen to underwrite the CR in this case as all the recent deals done with MOG are IMO designed to get a listed vehicle (MOG) to fund the exploration obligations. Based on the way he has done business in the past Albers doesn't strike me as someone who would be happy to see MOG lumbered with generous underwriting fees as they would need to be in this case. Also, the CR would need to be increased in some way to accommodate such fees so I'm hoping its not going to happen.

    The timetable for drilling will certainly put pressure on getting the CR done asap. Fingers crossed that the MEO ann. is coming by Monday and everything can then fall into place.

    ANZ
 
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