Member Info for cminhinnett

Christopher R Heminway has increased his holding from 3.32% to 4.01%. He has added a further 20m shares to his holding.

A bit more buying and we should have flushed out the placing flippers, then with the expected positive newsflow this will move quickly, I remember it doing 100% on far less news than what is expected in the near future, A great entry price at these levels IMHO DYOR, however it appears that the 5m & 10m buyers today agree.

Has anyone experience of doing a transfer of CNEL shares from IG to AJ Bell? I have been on online chat with them and they have advised a 8-12 week process :-( This seems a very long time to me.

Agreed, somewhat annoying, although just gone NT @ 0.085p, asking 0.09p on IG for 2m shares

twogoals, I don't believe so unfortunately.

Fri, 10th Jul 2020 08:43

RNS Number : 6618S
Mosman Oil and Gas Limited
10 July 2020

10 July 2020

Mosman Oil and Gas Limited

("Mosman" or the "Company")

Amadeus Basin Permit EP145

Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development and production company, announces that the relevant Minister in the Northern Territory Government has advised that Mosman's application for a suspension and extension to the work programme conditions for EP145 has been approved. The approval provides additional time to arrange access to the permit area and to conduct further environmental works and preliminary logistics, once the COVID-19 restrictions are lifted.

This results in the suspension of the previously required work programme for Permit year three for a 12 month period to 21 August 2021 and the extension of the Exploration Permit until 21 August 2023.

WTF - Are you actually insane........?

Got 47.87% of my request - looks like I, along with a number of others will need to top-up on the open market to get the full requested amount.

I especially like DP comment about Blue Chip Institutions, I would expect them to be very sticky hands so not many will get flipped for a quick 10% gain.

David Palumbo, CEO of EQTEC, said:

"We are pleased to welcome many new leading blue-chip institutional shareholders to our share register through this oversubscribed institutional placing, and we are delighted by the support from our existing shareholders in the PrimaryBid offer. The Fundraising will enable the Company to capitalise on the positive momentum which it entered 2020 by utilising the proceeds of the fundraise to develop the Company's existing projects and strengthen its balance sheet."

pennyforem, you ask for a certain number of shares and pay across the money to cover these, when it is closed you will receive an email to confirm your allocation and this is then fixed, if it is scaled back, you will receive some of the funds that you paid over back.

I had a feeling that they would take advantage of the SP increase to raise some funds, however as dm says, based upon their free cash, it didn't seem entirely necessary, therefore the fact that they have raised says to me that it is for a very, very good reason, couple this with the salary sacrifice and as a LTH, I am happy to continue to hold / add on weakness. Only issue was the discount, however as I pointed out previously, these shares were 0.08p only about 8 months ago, compared to that SP, raising £10m @ 0.45p is a masterstroke. Let's get those projects closed and move back up to 0.80p and through 1p.

Now NT @ 1.60p - moving nicely now and decent buys dropping in

MMs allowed a couple of small buys @ 1.50p, then printed a delayed 500k share buy as a sell to try to scare PIs, however at the same time moved the Ask to NT @ 1.50p - asking 1.599p on IG again :-)

Some decent buying to flush out the placing flippers

Another morning of nice buying - MMs have now gone NT @ 1.50p asking 1.599p on IG. The re-rate is well and truly underway

Another good sign

MMs working hard to shake out shares and fill some chunky buys which they are delaying and then showing as sells due to them moving the spread. Hold your nerve.

It certainly feels like it mubz

Just grabbed a 2m top-up @ 0.0765p, happy with that price and thought that I had missed the chance sub 0.08p as the 3m cleaned the Ask and the MMs then moved the spread, however I was lucky :-) Onwards and Upwards from here.