there is no way in the world this is going to $1 before drill results from artemis.. $1 makes MOG (post vending of of 15% stake) a $200mil company! Add to that AT LEAST another 50mil shares (possibly twice as much as this) for the CR they are going to have to do (which is certainly in investors' minds) makes this company $250mil market cap! $1 is out of the question until we see some positive drill results.
however, i do think these prices are very cheap. imo the share price should be somewhere between 50c and 70c, depending on how you value the 15% stake in artemis
MOG Price at posting:
24.1¢ Sentiment: ST Buy Disclosure: Held
