Don't hold your breath, the chief ramper wallahs appear to have departed. Perhaps you should try the banks, you might find them there counting the loot they scored off the gullible suckers.
More than all the shares on issue turned over in two days, with no doubt only a small fraction actually liquid. If that hasn't been a pass the parcel what ever has?
Albers will want a decent price for the BIG equity issue, so there might be some future life in it.
I personally wouldn't allow for a predrill risked value greater than 1/3 MEO's estimate, ie say 1.0 tcf gross risked (say 20% of 5 tcf), 150 bcf to MOG at say 50 cents/GJ, ie $75 mm net (max).
Say they end up with 350 mm shares, that's 21 cents per share for Artemis. Maybe something like 30 to 35 cents per share total counting the cash raised, but allowing some liability for free carrying Albers through Cornea and Braveheart etc.
Still doesn't look to me like a heap of reward for the risk at the 28 cents COB price, but will admit it is quite subjective depending on the inputs you use.
What a boon the thumbs up thing has been to the pump and dump ramper wallahs.
EL
MOG Price at posting:
24.1¢ Sentiment: None Disclosure: Not Held
