Obviously the punters were disappointed by the apparent failure of Artemis (except maybe the high pressure gas zone) but as far as I can see MOG finishes this encounter better than it started.
Having sold 5% of 360P for $7 million and being free carried through the well MOG now has around $8 million cash whereas it started the venture with $2 m cash. And the share price hasn't been under 10 cents in the last year despite low cash and minimal activity.
It won't take much to get back over 10 cents from here and is looking very oversold to me.
Just needs a comment from our directors who so far have said nothing.
I won't be selling down here.
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