A major interested party can sell down on low volume to spook individuals to not take the RI on offer as it is barely better than the current SP.
Perfect.
> Current S/h doesn't take up their allotment.
Major interested party takes up many millions of shares at 18cents due to uncertainty and doesn't have to compete on normal supply and demand rules. Potentially for example 10M shares for 18 cents to take up Nervous Nellies allotment.
Cost, stuff all to sell down to sub 20c( less than 300,000 shares to reduce the s/p as we have seen).
The major takes up the excess RI and hold tight when everyone works out Artemis is huge potential. MEO have committed to drilling.
Albers gets his double allotment for the best price going.
Perfect.
Somebody(ies) knows what is going on and are organising their own Christmas Gift.
I have no hesitation in adding another 100,000 shares to my portfolio at this price. I believe this to be the most exciting prospect in the last 12 months. Look at the meo sight and you tell me which stock that has had more posts in the last 6 months. MOG get to jump on for free, you can't get better than that.!!
My prediction, post acceptance date, a rather severe re-rating which will somehow correspond with the final decision on the MEO farmin partner?
DYOR
MOG Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held