I was tossing and turning about buying MOG and luckily I didnt at the end of the day and went with another spec EMR. In some ways EMR could befall the same fate as MOG as they are drilling now and will announce results anyday and we all know how the market reacts if its negative!
But I am very disappointed that MOG management havent said a word, anything would be better than nothing and considering their lack of performance I am happy that I didnt choose to invest in their company. When things were rosy senior management were releasing weekly updates on how well drilling was going etc etc. Since the collapse not a single positive word, something to make the market feel that okay they got this one wrong but there is upside and future prospects.
Do other bloggers agree with my sentiments?
MOG Price at posting:
5.8¢ Sentiment: None Disclosure: Not Held
