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Those comments are based on trading positions.. Seems like the seller maybe finally out with that chunk of sell.. Might have seen an opportunity elsewhere who knows. Good buying today as well. July is coming tomorrow. Will be a good month for mosman and hopefully some momentum driven news.
Ironhide ..
'there could be a bit of a drift on the sp'
Guess it can drift up the way as well as down! news to come this week, big seller there hope they did not get mugged.
GLA
I agree with you. I bought in at 0.48 in 2019, and managed to take average down to just over 0.15. Made a profit on the spike. Now holding long term. We are in a much stronger position than before. July and August should bring lots of positive news.
Where is your apology for deliberating misleading people and taking part of a sentence to suit your post.
39p never for me , I think about 2P for me a couple of years back when i started investing in, and
have averaged down and will continue to average down,
People have made money from Mosman along the way trading this share without a doubt, ask Ironhide who was buying this share at 0.003-0.004 he was happy with a 0.25p spike, I will continue to average down and make my profit longer term.
If you bought in at 39p and have never averaged down or have not the money to average down and feel bitter I totally understand, but it is the now and the future that matters to me and there is plenty news flow to come to give ample opportunities to traders and investors alike, far better here than a lot of other prospects on AIM in a much worse position than Mosman, remember we are putting drills in the ground in the next month, with the view of growing the business at a time where others are more fearful, huge confidence statement right there.
GLA
The end result is still the same, one tenth of a penny down from a high of 39p!...you can paint as much of a pretty picture as you like but JB has been a disaster from where he had high hopes to this! Not even an apology!
Should rename it to a more accurate name such as NRIO - No return investment opportunities.
Very positive update. Stanley 4 drill is a big one. Certainly won't be any dilution for a long while. Chairman John has a lot of shares invested in the company. Falcon will be a game changer. Expect placing at a much higher share price after Stanley 4 and other cheap wells have been drilled. Topped up today.
Yep as well as Blackstone $ 317k that they owe us includes fees etc plus Norseman shared are now an asset so think he is stepping down to ensure he does not know the inns and outs before they sell there shares.. Plus revene for selling oil. No cost for Arkoma and no further cost at Welch apart from all the oil that we have up to the point of sale completion. Falcon rig prices were expensive last year and early Jan. Hopefully they can get a good deal now that activity has reduced significantly in terms costa as per the RNS. That was the main reason... And if its similar to Stanley then its great for us.
Don't misled please the RNS states ..
'The drilling of a well at Falcon is currently subject to an ongoing in-house review, and any activity will be subject to funding.' Very selective taking of part of that sentence to indicate funding needed for all activities and needing to place, tut, tut!
With regards to funding Falcon this was always the stated case in prior RNS (they may farm-out some of that 60% to another company) , just need to see what happens there, funding for growth is pretty much what most AIM companies need to do,
the hope is we get Corporate profitable with the Stanley's, Greater Stanley's to reduce the need for future placements.
All other update items are decent , progress within the Stanley's and Greater Stanley within the next months Drills in the ground is what needs to happen now and growth is being done , AIM is fuelled on news well plenty of newsflow to come in the next month or two, Welch RNS payment confirmation looks like the first of many expected RNS news flows to come,
but need to always keep an eye on Oz for a curve ball.
GLA
The telling point in the RNS............."any activity will be subject to funding".....dilution and more placements coming then, what a shower of caka this board are, all the way down from a high of 39p down to this !. I remember when JB stated early on "we are looking to become a mid tier oil company". Mow we are not even a minor oil company, perhaps they should sell all and leave it as a shell, reverse into something new and profitable rather than the misery he has shown shareholders in 6 years, should be ashamed of himself!!