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For all the wait over the last couple of months and to get this is truly dissapointing. And placing at 20% discount etx capital are the clear winners. From the last placing at 0.30 in May BoD bought at 0.27 and the share-price has not gone up much for them to sell. We are now worth £ 1 million.
Let the shares come on board and it will be less. Why would a Chinese company farmout with us when they can buy us out. We are rediculously cheap.
Possible asset disposal arkoma has clearly not delivered in the last 6 months compared to the previous 6 months.
Best possible scenario going forward someone buy us out at 1p and call it a day. Bod have wasted millions over the years and if you look at the average from net contributable to msmn its aroy d 75 bopd Well short of the 100. Although a 13% increase but it seems like we hace gone down. Why would buy now for etx capital to make a profit and get out. We could not even get out of. 30 range over the 6 months how do we get out of 0.2 range. I hope it doesn't though either I've not sold but have written this off. No more investing in stocks and Shares.. Without investing in many companies I would have been in a much better position in life. Aim and shares in general have ruined my life.. Its a game only some win while most lose out.. Its the nature of the beast there has to be a loser.
John W Barr, Chairman, said: "This is the fifth consecutive six monthly period of oil production increases and clearly demonstrates the success of the strategy adopted...''
How is over 1bn shares in issue at an SP of 0.15p from an IPO of 8p and a historical high of 54p any sign of a sucessful stratgey?
Nice one John !!!!
they made the same 'positive' statements at the last placing
Well well well the board have subscribed
To more shares for themselves Clever
That means we be back up soon
And they will bank the profit and we be back to 24 meaning we are in the same position and they make oooh loads of cash
Tell me that's not criminal !!!
And they are lining their own wallets
Well I'd say this is looking rather good....
"Mosman is in regular contact with potential joint venture partners and this matter is expected to accelerate upon completion of the Chinese New Year celebrations and resolution of the coronavirus issues in China." It a positive in my opinion.....
Looks to me that we have a lot of good , positive things happening shortly, looking past the placing .....
8k down
Disaster !!!!
Again
Sorry .....drawer.
Another one for the bottom draw!
I actually thought this was gonna be our time. How very wrong I was. They definitely need to pull a rabbit out the hat, not sure they’ve got a hat though. USELESS
Why the hell would they do a placing at half the previous share price. Absolute daylight robbery.
I think by the time we produce enough to fund wages and return capital at this rate we will all be driving electric cars etc !
Opportunities lost here we have so many areas of potential that sweetened the investor to then be told they are either not up to production or just dispose of them , l feel like one of them just dispose and carry on !
Work on potential prior to Acquiring and disposing it all costs lots of money !!!!!
Dyor
soulac every recent msmn placing has been breached by about 20%....and has also been at a similar diso**** to mkt price. I had said as soon as the first stanley results came in they should ditch the rest....shame it took so long to realise this.
I had a feeling this was coming (another) placing
vbeckers, 95% of aim is rife with fiddling, only good for trading. If you have any money left invest in Sir Martin Sorrell's S4 Capital. This is not a rubbish company like so many others, Sp a year ago was £1.29p...now it's £2.25 and rising, results due shortly, I put half my pension pot in at £1.58 in July and haven't looked back, no looking constantly at Sp every day. Here has been a car crash waiting to happen, compare JB with Sorrell, no comparison, good luck!
Post Stanley or may2018 equity rise we were at .55
After all the production and increase of sales mentioned we DILUTE to .15 !
Now call me thick or stupid but does that add up
Given costs etc etc we cannot fund our own capital raise we have to go to lowest price yet
So l take it we will not be cash positive in the neat future question for BOD to answer for me please !
DYOR
Can’t rationalise the steep discount for such a small amount?
Looks like I have to put these in the very bottom drawer with Ast angus ukog and cadence the drawer getting full
Top drawer got Dev and evrh and eqt
lol ffs
lol - we said that at 10p, 5p, 3p, 1p 0.5p and 0.25p!
If that was unforeseen by the BoD then they really are driving this without knowing where they are going. I don't believe that and that tweet was misleading. Not happy. Hoping the JV come through now but I can't see that happening in time for May so they need to progress with the seismic. Agree with the sale of Arkoma but not so sure about Welch. I thought it was quite profitable. Glad I didn't stop up at 0.21 now. Sorry for those that got carried away with happy thoughts. I called the risk of a placing as there hadn't been one for 9 months and the company is not profitable. Now existing operations will be all out of their hands. Given the planning that may be no bad thing but they are not going to have a choice about when to spend. With the percentage and Stanleys being so small they are pinning a lot on Champion so it need to deliver and it's H2 now so it's really JV or nothing and if they don't get the seismic done in EP145 then it's nothing. I will pump nothing extra in here ever but not worth selling up at these prices as I can write off what it's now worth. Might stay off the board for a while as there's nothing to speculate on here for a month or more. Good luck to those who stay invested.
Can't see anyone selling at this level so I guess it's onwards an upwards.
Spary l thought by the number of RNS s that Stanley and it’s production was to generate income for other projects as l remember !!
Dilution another 200,000 shares bought by bottom feeders to sell as we climb out of this pit , how can l see a positive in a negative !!
Unbelievable
DYOR
waver,...., onwards and upwards my friend - boom time ROFL
#bringitonyourself