OzAlien I agree with your summary of MOS, thats why I hold them. They will need to raise more cash for development but the 3rd option you did not mention is borrowing.
Perhaps that should acquire another company...Drillsearch would have given them a good play in South West Qld but that has been snapped up by BPT.
Gobris Sorry disagree, MOS has always been about capital dilution,just look at their history. They may avoid it in the short term, say 3 months but they will be at it again.
Perhaps they need to look at farm in for their developments to reduce capital requirements.
MOS Price at posting:
14.0¢ Sentiment: LT Buy Disclosure: Held
