Not sure if anyone else has posted this yet, but the market obvioulsy does not understand MOGO.
These options expire in December, (after the drilling of Moby well), and are exercisable at 20 cents. When you pay the 20 cents, you get an MOG plus an MOGOA.
If you add up the price of MOG (27.5) plus the MOGOA (12) and subtract the 20 cents exercise price, you get 19.5 cents.
Yet they are there for 14 cents.
They provide far far better leverage into the well, and should go up 2 cents for every cent thhe shares go up.
MOG Price at posting:
0.0¢ Sentiment: None Disclosure: Held
