I cannot fathom the rationale of anyone holding MOG shares through A#1 if they thought the SP would only be 20cents on a successful drill result.
It just does not make sense. Would have sold at 18, 18.5 even 15 cents, and then got back in at 20-30cents post trading halt for the ride up to $1 on a significantly derisked basis.
Im holding because I would expect a major run up in the first hour of trading to at least 50-60cents on a good drill result as it gets wide press coverage. Front page of the AFR anyone? Woodside may have found gas for train 2 right next door headlines? Petrobras the next big player in Asian LNG headlines? All those people dropping the stock now will want to get back in as they curse themselves for selling. The mind boggles what MOG can do based on pure market exuberance...let not forget this thing is potentially the same size as Pluto and Wheatstone put together.
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