It was me who predicted the outcome. Please read my post dated 10/5/2010. Post # 5350677.. I already cut and pasted the post again.
Here what MOG said today.. (10/5/2010)
"In due course, the Company will seek to raise funds, whether by farmout, by partial sale of assets, by placement of shares (and options) or by new shareholder entitlement issue, as and when considered appropriate by the Board, in order to satisfy the facility"
When I put two and two together..I come up with some questions;
1./ Why would MOG wait until they are almost run out of funds? Are they waiting for MEO to finalise FIRB before a cash transfer?
2./ How will MOG deliver what they said today?
3./ MEO's cash + know how = MOG shares (lots of them) ?
In my opinion, it could be a done deal with MOG...matter of time before something is announced. I can feel that there is more in the air with MOG.
MEO Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
