As the RTO now stands

Firstly welcome all Mosman holders as indirect MEO holders...
The RTO no longer exists, it is history, Mosman are now purely after trying to entice as many MEO holders to part with their scrip for the exchange of Mosman Scrip. in my view.
They have achieved a further 0.6% since they improved the offer to 5:1 taking the take up to 2.2 odd percent.
They will already have to issue a further 3,800,000 shares to cover the take up to date.
They have advised by releasing the last condition their shareholders will have no say in anything they do in this offer.
They will try and mop up at 5:1 and then go to a 3: 1 most assuredly., then a 2:1 , They seem quite desperate on this.
What does it mean... well Mosman now hold just a little more than myself and my family, however with their price going one way it seems and MEOs being a little more stable , gaining any more MEO script may prove a little more troublesome, the ones that have exchanged are really not on any profit at the moment , at current share prices and FX.... how fast do they print , as it really is a double edge sword as already alluded, the more the print, the more dilution they will see..
This will go to a 3:1 and then a 2:1 , the dilution is going to be massive and what AIM will make of it as a junior spec based in AU operating in NZ with hundreds of millions of shares , is in the lap of the gods ( KEA all over) ..
The latest from Mosman holders on LSE is they are now all anticipating drilling a deep flank, tight reservoir, horizontal well , which would have to be modeled with hydraulic stimulation, in a nature area with in ( wait for it) the next 2 months , as that is what it took to get their water well on Cobdan in place...They are anticipating an SP of 50 pence or more on the back of this, imminently. They are ready to drill now according to their fanbase and little inconsequential things like the multitude of regulatory approvals, further seismic, environmental plans and studies, well modelling oh and a lot of funds are all now ready to go since SRK released the motherlode a little over a week ago.....
Mosman are going to revolutionise the whole exploration industry it seems and cut out everything and just rock up and sink a drill bit into the rocks in the middle of south Island... Quite fantastic ,I love it. I Always thought the industry had got to complicated.
Again welcome to our new shareholder... Mosman Oil and Gas.
If MEO get the newsflow we hope over the next month and Mosman due to release the results of their not promising Cobdan flow tests and advise the market if they are capable and ready to drill Murchison, things will get very interesting... All good fun in my view.