These are some very rough figures so don't be too harsh
Quote from SoAF on the MEO forum
Just had a re-read.
There is a broker report published back in August 2010 on MEO by Baillieu Research. Don't recall its discussion on this forum.
Great reading and a very good report. Very well researched and presented.
One of the better and more in-depth reports i has read of any spec stock recently. Anyway, value MEO artemis as follows. 25% of artemis, Values for MEO are: 1. low case - $0.76/sh for a 4000BCF 2. med case -$2.28/sh for a 8000BCF resource
AND,
3. High 12000BCF - $ 4.66 per share."
My calcs for MOG at 12000BCF
Shares in MEO - 477m Percent MEO in Artemis - 25% Total Artemis Value (100%) = $4.66 x 477m x 4 = $8,891m Percent MOG in Artmenis - 10% Shares in MOG = 288m Value to MOG = 8,891 x 10% / 288 = $3.08
As I said earlier - extremely rough calculation (no options even considered and figures based off someone else quoting a report.
MOG Price at posting:
19.0¢ Sentiment: Hold Disclosure: Held
