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BOIL Baron Oil 0.10 536M
HE1 Helium One... 0.77 363M
CLON Clontarf En... 0.041 310M
TRP Tower Resou... 0.012 235M
MSMN Mosman Oil... 0.0375 232M
Creeping back up now by the looks
For take off IMO....
Still applies just wait
A bit more cash in the bank for #MSMN and they have another $500,000 approx of warrants to convert strengthening the cash balance further. 👍🏻
https://www.voxmarkets.co.uk/rns/announcement/ef0cfed4-ae21-4016-b0ea-a9e8b7031597/
https://x.com/redditdeluxe/status/1802630503859671423?s=46&t=IHEn1TE0c7FNFBktt6H8XQ
Agreed, they had to spend a lot of money to try and keep in this trading range while a very large order is being filled, IMO... But sone of the nonsense spouted is actually quite entertaining....
exactly tom, some of the **** posted here to get a lower purchase price is shocking
“For clarity here's #MSMN CEO Andy Carroll in a recent interview with @Share_Talk
He clearly states that with strong oil revenues, lump sum cash from Greenvale & free carry agreements, A PLACING IS NOT NEEDED!
(And this was before the lucrative $1.75m sale of the Stanley assets)”
Link to interview clip on Twitter below:
https://x.com/redditdeluxe/status/1801245293754683882?s=46&t=IHEn1TE0c7FNFBktt6H8XQ
With regards to your “expectation setting” I think it would be a good idea for you to confirm your position before providing expert advice on the business and others related.
My view based on your posting history would put you as selling between the 3rd and 6th of June before changing your posting style to that of a company that needs an immediate raise to develop JV’s when ultimately it’s not their concern at this moment in time, unless greenvale go over their expected cap. Which currently isn’t the case.
Then I would personally look at, if a raise was on the cards, could it be the other side of summer when drills in America are taking place? Would Mosman be a ÂŁ4m Mcap firm at this juncture. My view would be most likely not.
So if Msmn was to place and had a Mcap of ÂŁ20m would this be a problem to expedite ep145 and the answer is no.
So maybe it’s not the right time to be scaremongering now to achieve a lower purchase price.
Once you get into the DNA of this company you can predict their next steps, so it makes complete sense. GRV has to raise funds for somewhere but have no revenue. Mosman has some revenue but needs to invest to optimise return in Cinnabar. They need artificial lift for Cinnabar as the wellhead pressure is too low; this will swallow up $200-250k with no guarantee of success. Gla
The hive Q&A has been cancelled, but there is a debate this evening at 7 pm
The proactive one-to-one forum is still on on Wednesday
What a silly post, it doesn't even make sense ...
Mosman’s future is tethered to GRV performance. Just got to hope they have a plan, with Barr on the board he knows how to dilute!
HIVE.. Investors debate today should be interesting.
Good answer Botham imo.
GRV have performed poorly overnight, losing another 20% off their shareprice. Not sure why but with them being the operators needs watching. Don't see any issue with the seismic fundswise but be good to have it confirmed they'll be able to finance the drill.
Cash position
As at 31 March 2024, Mosman had cash at bank of circa AUD$0.82 million.
7 May 24 In Australia on EP 145, the A$160,000 payment, which was due upon completion of the previously announced Farmin Agreement with Greenvale Energy Pty Ltd (ASX:GRV), has been received as expected. Additional prior exploration expenditure amounts of circa A$100,000 will be invoiced and reimbursed under the terms of the Farmin Agreement. In addition, an environmental bond of circa $55,000 will be cashed in.
7 May production has increased 84% to circa 221 boepd (30 day average flow rate in April). This is a material improvement from the recently notified March quarter gross average flow rate of 120 boepd.
4 June The funds from the exercise of the warrants of circa AUD 63,000 will be added to Mosman's existing cash reserves.
10 June RNS Sale of Stanley $1.75m
ÂŁ550,000 of warrants are exercisable at share price 0.025, share price now 0.0395
Incorrect. They receive $1m on legal completion first week of sept. Any uplift thereafter based on performance.
They do not receive any payment for asset sales until the beginning of September. All depends how much working capital they have got to keep them going and meet investment needs up until then, no doubt school fees will also be due! The only way they have previously got their placings away is at a massive discount , that is why there are now 156 times more shares in existence than 10 years ago. Just hope placings have become a thing of the past.
Stockyinvest hasn’t done his research has he
Do we need to repost the strong finance data, recent $1.75m Stanley sale RNS and link to the CEO stating in a recent interview that there’s no need for a placing in the foreseeable? ? ?
MSMN placings have historically been at huge discounts
May be worth us all partaking in it and presenting the investment case. Turnaround time?!
https://x.com/TheHiveTeams/status/1802300911194173719?t=gfhrwyBZlC6kydAEGsf2eQ&s=19
A brief clip regarding value of EP145:
CEO Andy Carroll talks to @Share_Talk about #Helium asset EP145 in Australia's Amadeus Basin where #MSMN have a free carry with #GRV
With a project value of $10m & in-situ Helium worth $1.96bn to #MSMN, the current MCAP of £4m seems a little low & that’s just one of their assets!
https://x.com/redditdeluxe/status/1802261382324277262?s=46&t=IHEn1TE0c7FNFBktt6H8XQ