Someone mentioned their surprise that only 1/3 of the RI was taken up by members despite the refund clause. Early next week we will get a change in substantial holding notice wrt Albers holding. I'm actually hoping he took up a fair chunk of his entitlement (~30mil shares) which means even less 18c shares in weak hands.
Wishlist for next 2 weeks... Confirmation of MEO farmout on terms at least equal to what they were aiming for, with a credible partner. An OK result from the Cornea appraisal probe that will confirm a future development is viable. If the above eventuates, we would have a solid base valuation of ~30cps prior to Braveheart, imo.
As long as the MEO farmout is good, I'm tempted to hold thru Cornea. Even if Cornea is a dud, the high potential upside for Braveheart should have punters bidding up the sp as drilling progresses.
MOG Price at posting:
26.0¢ Sentiment: Hold Disclosure: Held
