Open Letter to John Barr12 Aug 2023 09:13
Good afternoon John
On behalf of shareholders, I am contacting you regarding the ongoing poor performance of Mosman and the future under current leadership.
You are clearly a proud man and Mosman is your baby having established it Mosman in 2014. The results sadly don’t lie, a share price drop of 99.9%, raise after raise, no director investment in the open market for over 4 years. Drill after drill is going to be game changing, alas not.
No Helium joint ventures, no IPO details and funding even more unlikely, given no ROI for shareholders. 12 months on Cinnabar is the same as previous failures. After 9 years back to 65 BOPED for the last quarter.
It takes a very proud man to take a step back and acknowledge to yourself I have taken this as far as I can. For Mosmnan’s shareprice to improve it needs someone leading the company not associated with previous poor performance.
All great leaders of countries and sporting clubs are accountable and have to step aside eventually.
Please do the right thing for shareholders and seriously considering stepping aside and appoint David Minchin in temporary charge.
Avoid further damage that an EGM will cause and RNS your immediate resignation.
Wishing you all the best in the future.
Yours faithfully
Mosman Shareholders