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
MOG Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
