What does everyone think of the 27-11-2009 Memo and Independent Valuation ?
Looks good to me
What I like is we, as MOG shareholders, can buy exposure to the assets (Artemis/B-Heart/Cornea/Judith etc) at Industry comparable prices through the RI at 18cps or even on-market up to 20-22cps.
ie, the MOG valuation of 20-22cps was arrived at by valuing the assets based on transactions between Industry Players for farmins/acquisitions of prospective resources
In other words we're not paying for blue sky.
I wonder what BCC would trade at if Lee County was valued by the market at what BCC paid for the permit ?
It will be a shame if the RI falls over because once the funding uncertainty is removed the end result is MOG has a great portfolio of near term and funded company maker wells.
Look fwd to any discussion (positive and negative) re the Memo/Valuation .
memo and independent valuation
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