MOG hit a high of about 50 cents when the Artermis acquisition for shares hit the market. Admittedly MEO was also trading at a round 70 cents at the time I think.
So now we are saying MOG is going to hit 20cents on a gas find in A#1?
Sure I dont see it going to $1 in the absence of production testing etc, and bearing in mind exactly what they find in A#1, but we do know that the pre-drill ramp up has not materialised for MOG and so we should see some decent pop on a successful drill WELL past 20cents. If it doesnt happen then Im a happy hold, why sell at that price?
But then again who knows how the market is going to react. not many people predicted a MEO cap raise and a fall in price into spud and drilling.
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