Response28 Oct 2012 09:55
Here's the reply i received from MOG re my concern about the share price erosion. Just what i expected. They're adamant that they're on solid ground re the LGO dispute and we'll just have to wait and see re OM and Malta Genel.
I agree that this is way oversold given the probable good news that's imminent but I don't see sp dropping sub 10p. I'll buy back in sub 11p. I just lost my nerve and probably sold more than I should have done. If you're thinking of investing now is a good combination of pre news and share price.
Dear Mark,
Thank you for your email query.
Our position regarding the LGO matter is unchanged since the RNS announcement we issued on 10 September.
Once we have further material developments on that matter and/or our other operations, which warrant issuance of an update announcement to the market, we will do so.
Kind regards,
Chris Kelsall
Finance Director