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Lost a lot of cash here but learned a lot too
Is 0.049 just now... anyone tempted to topup/buy-in for a recovery??
Indicative price .04 ! Really
It would go down less if we just said stopping production for 4 weeks !
Instead we publish a RNS saying what !!?
Then in 14 days produce another With the news we know !
OMG laughable
Dyor
Stay safe
I have not caught the flu yet ! Just a cold holding Mosman
I'm sure everyone has a miserable looking portfolio. Better we all forget about the stock market for a while. Things will get better in the coming weeks and months.
I don't see how mosmans can make it through this personally. They don't have the cash in the bank or means to carry on through. placing won't be able to come through at these prices. which granted we've just had one but from what I remember the vast amount of it was used up. still holding as no longer worth the paper it's written on but I don't think there will be a light at the end of this tunnel.
Ft down 7.12% this needs balls of STEEL !
I think like the presentation failure every one has one choice hang on or give up as .06 p is the best you will get DYOR !
Must say the RNS does not give a clear picture of why it was presented , ie : too many question marks !
Didn’t expect any thing different !
Cheers BOD and others
My opinion
Sadly i think this could signal the end of MSMN. They really have struggled from day one to get this off the ground and with what is going on at the moment i can see many smaller AIM listed just disappearing.
Very tough times and sadly think things are going to get much worse. :(
Da_Gee I get the same, I spoke to a guy that ran and oil and gas company in Canada and he told me any company should know there break even, Mosman know it they just don’t want to advise what it is.
This is partly why our value has not increased for a decade, the board has done well with getting new prospects but they can not connect with investors and don’t believe giving basic information would help.
Look at TLW there break even with one of there well is around $56 per barrel, they have high cost wells.
If we have low cost wells and the market knows the break even it would be great for us.
We do not publish that information because it depends on soo many factors is the response I've got.
In times like this Mosmans needs to reassure investors, especially with price of oil dropping.
Does anyone know the break even point for the wells we have. Stanley clearly is low cost it would be nice to know the information it also could bring on more investors.
I just don’t get why they have an issue with giving this information.
If anyone emails John and they feel they can get through to him then please do as I don’t get much back.
....WTI goes back above $50. Since yesterday it became almost worthless to anyone. Arkoma is worthless now
Iraq say upping production from next month and Russia not above retaliating by opening the taps. This may not even be the bottom. All just as the outbreak in China is on the wane and the market there may open up again in April. Poo should be back up to a sensible level by June or July and a few supply contracts will have changed hands. Sell the assets then. Sell GEM stake to cover expenses in the meantime. It's worth about £60k
Still I made a small killing on BP overnight so not all bad. ??
https://twitter.com/Mosmanoilandgas/status/1237327586587545605?s=20. They do seem busy copy and pasting the same tweets over and over again.. The Stanley 4 Road has dissappeared in thin air. 10 days into March and no sign of spud.
US stock trading suspended, that will be a fall and a half when resumed :((
Dyor
Vbeckers idea ! Maybe sell up and join me for a cheap lunch :))))
Dyor
Well ! Just when you think it’s as low as it can get ! BOSH !!
If we didn’t learn in 2016 we will never learn, this in my mind is a flip of a coin ! With two tails .
Maybe sell the shares and get a lunch ? O ! No ! l might catch the Virus !
2020 has started worst than 2019 finished !
Wake me up in 2021
Dyor
The cost per barrel is what I have asked the board to advise and I get told there is many variables so to date we still do not know.
This will now test Mosmans as they seem to always with hold information that could bring investors on board.
If our costs are so low on Stanley why would you not want the market to know that is a positive.
Oil price crashed below 30 dollars
Time to get the tin hats on and hunker down
For once being a small producer might keep us going
remember the dinosaurs it was the smaller ones that survived
Gla
Spray exactky what I'm thinking it certainly does not help Russia.. When Saudis pump more out they will be back on the table as its not worth anythibg to anyone at less than the current support around $42. But it's a general whole market trend.. It certainly took a battering.
Guys when I sold out at an 8k loss I took what I had left and bought in SYM. Just got FDA approval. I’m in at 23. Currently at 17. Screaming buy. IMO. Hope this helps. However I do see good in MSMN but the markets are low and the oil situation isn’t helping. This share will come good so good luck.