If MEO were to make a takeover for MOG they would be greatly...

If MEO were to make a takeover for MOG they would be greatly increasing their shareholders value, based on their valuation of Artemis in July Presentation.
If we assume MOG will have approximately 201.8m fully diluted, then these are the valuations for Artemis, excluding all other assets from calculations.
MOG: 40 cents $80.72m (15%) Total Artemis $538.13m

MOG: 50 cents $100.9m (15%) " " $672m.
MOG: 60 cents $121.08m. (155) " " $807.2m.
MEO in their July Presentation valued Artemis at $830m for 20% being retained. So they had an overall value for Artemis of $4150m.
It looks like MEO or another interested party could gain another 15% of Artemis very cheaply through MOG after deal is completed.
If MEO used a scrip bid I believe most shareholders would be happy to hold more of Artemis for little dilution.
MEO has already seen how the market is starting to value Artemis.
Regards
Buffett