oversold list 1 week % price change up 5.36%, page-5

""MOG is cheap, but no cash means it will be raising and diluting a lot after Artemis#1.
(Needs $18millions for Artemis #2 & #3)
$18 million is a big dilution of its current market cap which is ~$50milliion.
1/3 the market cap of MEO is not a big enough discount""

LCCE, couple of points

MOG "current" MC at 10cps x 288mil shares is $28.8mil, nowhere near the ~$50mil you suggested.
MEO's free carried followup wells are contingent upon a successful discovery at A1, not a given.
If A1 is successful, MOG wont be raising capital at 10cps to fund further wells, more like at $1.00+ per share.