cash, page-4

Iona wrote
"Surprising that the share price is holding so well but certainly think no capital raising can be anywhere near 20cps unles a left-field event spikes the price."

Correct
Like I wrote, the line of credit is probably there to allow a CR at a more opportune time, like one month before Artemis spuds. Under that scenario, I think a CR at 20cps is doable. Right now they'd be lucky to get 10cps

Oscarwon wrote
"MOG does not need money in a hurry, the cash left over, like others on HC have said will be more than enough to cover admin costs for a year or so."

Not exactly
Cash at 31-03-2010 was $1.662mil
Less estimated Exploration expenditure for June qtr $1.650mil
Less Admin averaging ~$150k per qtr
Less Braveheart costs dispute $ ??