Really the news yesterday was fantastic IMO as it establishes a floor for the SP of ~20c with considerable upside from their.
And they are doing 1:1 non renouncable to existing shareholders at a discount to the insto placements, great that a company does the right thing and offers a big slice of the pie to existing shareholders.
Everything this company has done of late has indicated to me that they are not greedy, for eg they shared Artemis P-360 to with the existing shareholders of MOG., and I was scared before the cap raising that this pump and dump was all that there was, and the next thing was a placement of 10c to their mates who had just sold out to punters at 30-57cents.
I have 75,000 MOG and will be taking up every right at 18c and holding for 12 months. SP could seriously go bananas if they hit gas in Artemis. Things happen up north in WA, they get things done when gas is on the line. Artemis will get drilled.
MOG Price at posting:
21.5¢ Sentiment: LT Buy Disclosure: Held
