I am not worried about NFC takes any stakes in MGO. Chinese companys always pay much dearer price than other parties.
Have a look at CDU, who can do SP at $3.60 recently when its share price was under $3, Hongkong fund is the buyer.
The other story is AED Oil, when they were really trouble and the market cap was around $400M in 2008, but SINOPEC would like to pay $600M for 60% interest in Puffin oil field and valued AED at $1B. It is really silly for SINOPEC and AED is nearly a dead cat today.
Cheers
MGO Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
