Remove the annual administration costs for MOS of $4.2m and MOS significant infrastructure close to Wallumbilla and leases is why I believe COE bought the stake in MOS initially.
Price of MOS has dropped recently. MOS last qaurter revenue was $5.5m. High oil prices and increasing demand and price for gas in Qld and you can see the upside for MOS and the interest from COE.
mos takeover, page-8
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Last
21.0¢ |
Change
0.005(2.44%) |
Mkt cap ! $554.4M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.5¢ | 20.5¢ | $1.007M | 4.796M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 55729 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 596402 | 4 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| COE (ASX) Chart |