Ann: Cost Reduction for Cornea-3 Exploration/Appr, page-17

re: Ann: Cost Reduction for Cornea-3 Explorat... ""Is it too late to re-price the RI?""

ANZ
Whats to be gained by doing that ?
If you lower the price, you have to issue more shares to raise the same capital.

Anyway, over 2 weeks to go before the amended RI close date (14-12-2009).
Lets see what transpires in the meantime.

Just got through reading the memo/report. MOG fair value estimated at 20.48cps to 22.35cps.
Must be reasonably conservative given ASIC would be looking over their shoulder after the last report was queried.

MOG still a damsite cheaper than MEO if you apply the same value assumptions to MEO that are contained in the memo/report