Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Thanks oilycounty, sounds very positive. Lots of news to come.
Bottom of page four:
The Board fully appreciates shareholder disappointment with the share price. Two of the Company
executive Directors are heavily invested in Mosman and are also cognisant of the underperformance of
the share price. Our aim is to continue to deliver growth through developing our current projects and
further acquisitions, and we look forward to our achievements being more realistically reflected in the
share price.
In case people have missed it.....
Proceedings on Behalf of the Company
Blackstone Oil & Gas, Inc., has defaulted on a promissory note to Mosman Texas, LLC, related to the
Arkoma project. On September 9, 2019, Mosman Texas, LLC, recovered a judgment for US$171,349.56
against Blackstone Oil & Gas, Inc., in the 90th Judicial District Court of Young County, Texas. As of
October 29, 2019, a motion for new trial filed by Blackstone Oil & Gas, Inc., is pending. Currently,
Mosman is waiting for the judgment to become final.
Aside from the above, no person has applied for leave of court to bring proceedings on behalf of the
Company or intervene in any proceedings to which the Company is a party for the purposes of taking
responsibility on behalf of the Company for all or any part of the proceedings.
The Company was not party to any other proceeding during the year.
3 shares !! Really
At least you get a reply :((
what pressure stake. the guy don't give a f... you should see his sarcastic reply's to my emails.
takes no responsibility none at all. all he says is I got shares too ,which is nothing compared to his salary and expenses ..
Pressure on l hope !
Let’s see
Nobody likes a placing. But need to get over it. Drilling new well any day now. Hopefully lots of good news to come.
Option to include LTH would be respectful!
John knows our commitment .
Would have been nice to discuss this at presentation as it’s the only opportunity to discuss this with them !
Warrants for everyone EXEPT US
Dyor
"The whole Blackstone thing is really murky. Nothing on the website about this litigation or even (from what I can see) in any Google search."
It was reported in their latest annual report.
Hi spary and steak pie
Understand totally the reaction anger and disappointment ,
my holdings have been diluted too!
Don’t really have the appetite to debate it anymore
Read the last line of my prior post
Only interested in share price increases as the metric of whether the change of strategy is successful or not . I had planned to be in this share until 2022 as I saw this as a long 5 year play fully knowing placements would be done along the way
Hoping at higher prices than 0.15 obviously ! At each prior placement I have added to my holdings as I am determined to keep my percentage in this share .
So I will continue to average down which I choose to do, what others do is up to them,
People may see my strategy as folly that is their view , I will know at the end of 2022 whether it has been madness or been wise, no ones opinion on this board will change my investment strategy,
As my opinion should not change others trading or investment strategies ( If you have one!)
Also it is money that I can afford to lose as I only put money in in smaller amounts throughout the year to continue building and maintaining my share.
So this is another battle lost but the war goes on for me and hope to win at the end.
Gla
Ok then let’s do what we have done umpteen time before , let’s see what happens in the next 4 weeks !
Let BOD put a time scale to this as then we are informed of the ongoing situation !
Personally don’t think there will be much change !
DYOR
Placing and warrants aside, to put all your eggs into the most profitable basket seems logical as things have progressed extremely well, more return for buck there, welch is a steady performer but wells are old , Stanley’s are new , and no jv for welch forthcoming so on a coin flip it seems sensible to sell off and redirect. Refocus strategy on most profitable asset is business logic,
Also announced was Stanley 4 this month and then onto Stanley 5 then other ventures with Stanley with falcon 1 and galaxie and whatever else comes up in the future with Baja,
The Baja folks are well known to Mosman and there is history there so I guess trust is there also in terms of business relationships.
Only time will tell on the dropping of arkoma and welch if it gets us corporate profitable quicker than great, but only looking at share price in terms of improvements now, so wait and see from me.
Gla
There is no doubt this latest placing is a bitter pill to swallow for holders. But when MSMN have jettisoned the dead weight that is Arkoma (let’s not mention how much they have pumped into that) plus the other marginal assets MSMN will be a simpler play with less overheads.
The sooner they ditch the non Stanley assets the better
I unfortunately don’t believe in hope as had so many false dawns !
One point that is important to BoD is when an investor puts funds into an investment the only funds they receive are in price rises from the point of entry , from last year the decline in share price from a point any point is disproportionate to the production increases !!
Now my point is funding has eroded this by making the market aware that funding will dilute on every issue .
So there is no investor interest in this for the coming future unless for once Bod come up with the news that will move this and make it investable !!
I like many have losses gallop here and trapped in this till We get the Transformal news mention many times .
Do the right thing and reward shareholders not funding companies , never been offered warrants for nothing as a shareholder so what is the difference as we loan you money for a hopeful return .
Dyor
Totally agree. As Spary said they could of got a bank loan for 300k but they instead chose to screw over shareholders and take share price from 0.25-0.15. That's 90% dilution in a year. Can only hope things will turn around.
2nd share on Aim in two weeks raising funds at bucket prices and dropping price by bucket percentage this is just a joke , how you are expected to invest more is more unbelievable !
People need to understand risk of investing following companies continually diluting to stay in business but still taking high wages !
Wish l earned half of what they take for the number of days associated with the business invested in .
DYOR
Would rather put 14k in ft company thanks in my opinion
We could do with pushing for next AGM to be held in UK so more share holders can attend to vote on issues and be able to ask questions we’d like answers to. If JB & AC want to put any confidence and respect into the people who have invested and paid their wages then I can’t see why they carn’t do this. I can book my village hall for pounds arrange projector etc and even put them up free for the night. Hope your reading JB
Who says moaners are the punters fishing on the bottom !
Have respect for LTH with morels ! Shame they don’t actually say what they think !
Loosing investment is no laughing matter , unless you are a total kxxx
Dyor
Hopefully Spary will be back to his old self soon. I can't ramp on my own :)
Are you invested here richteex?
And bloody quick
Sorry waver, didn't mean to be disrespectful.
oh Adri boy don't worry bout it man u feel our pain by 2025 while still waiting to make a penny here loll ffs