MOG 0.00% 0.5¢ moby oil & gas ltd

They haven't sold it for nothing, they have sold it for 120M...

  1. 1,888 Posts.

    They haven't sold it for nothing, they have sold it for 120M shares in MOG out of a total of 200M (in other words 60% of the company). It would appear they have done this to expose them to the market, as it was held by a private company previously. I think the same owners (Albers) are behind all of the companies involved. The 120M shares that Gascorp will have in MOG will start to reflect the value of the 15% stake in Artemis. Hence the reasoning behind this run continuing.
 
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Currently unlisted public company.

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