The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
What has changed from last time to this time ? Last drill program we were trading around 12-14p with a high of 18p now after all the analysis and updated models we are hoping to hit the sweet spots Chances of success are higher.. We should be around the 8-10p mark.. It has come down over 75% .. They must have started drilling !!
Well at 0.0025 valued at £1.95 million even if we do a firesale in the US we could make more than that. JB gone we need to get back to 0.01 to get some valuation for the US Assets.. And 0.02 to get some valuation for the Aus 2 permits. If GE list as well and we have25% of that as well surely that alone we will re-rate. Good to see blue day in the end and could possibly see the start of summin now that JB has finally gone. They need G2 and G3 uplift to work and that will hopefully cross the line for corporate profitability. After a looong time we may see light at the end of the tunnel. Investors knowing that JB is finally going.
Finally but is it too late... Whats next for Mosman who can greatly revive this company and turn it around. Our US assets are worth more than the current MCAP. We need a good new strategy .. Market wake up JB gone.
Thank you Botham for the open letter. Too many pleases over the years. Spent million to produce a poultry amount in the USA. Blaming the latest RNS on falcon as the scape goat. It was all Jam tomorrow. He mis-lead the market in April with all this HoA agreement. He was for the loan sharks and not for the shareholders. He blames bloggers for his failed deals as well which is soo bizaaree. Everyone does due diligence on a company and not what some tom d and harry write on boards. I hope he does the right thing for the shareholders.
What news are you expecting on ep145? The separate listing i just do not see it happening. Why would investors put money in a separate listing run by JB et al? We are literally running on 2 months of oxygen .. He has not even released last qtrs production figures doubt they will be amazing either as they never have been profitable. Arkoma spent millions on it up for sale could not sell it at $120 a barrel. He does not have $1.5 million to drill c2. C1 not the hole to get mossman out of trouble.. See how the other 2 existing wells are doing after spending more money.. It is a death spiral sp.. Price has not gone up after each placement. New investors just be aware.
Good luck to your future endeavours.. You were literally blindfolded. Should have gone sooner when the pump and dump crew were here. JB should have gone in the last agm.. He will hang onto the ship and cream off anything he can before he retires at our expenses. He did not even disclose who he gave 45 million to back in March and it was not minchin whos on the mosman payroll and to date produced a hoA with no value.. We need a miracle here .. He was desperate for the £300k he gave a 35% discount lower than all time lows.
Level 5 unless they pull out a rabbit from the hat they have 2 months of oxygen left.. Ipo i doubt it will happen who is going to throw there money at a company operated by JB? He could not progress with EP145 and EP155 in thr last 8 years and wasted money in NZ and US how will he convince new seed investors he can do the job?
Davies understand placements are required to progress invest the business but not what mosman do failore after failure after failure. 80 million shares from a jar of oil AC was advertising to over paying trifent energy and clearing there debts Ep 145 cost us £25 million just look at the old RNSs. After spending £30 million and 8 billion shares we are still not corporately profitable.. They just have bad luck. How much investments and placings would you allow someone before you say enough is enough?
They have blown away €Aus 660k and all the may oil revenues in June wtf.. On what and still raised money for cinnibar work overs drill at cinnibar forget about it no one is gooing to lend him us $1.5 million for a drill.. 2 montha of oxygen left.. Jb needs to go. Vote of no confidence.
Yesterdays tweet he did not even RNS as the nomad said it wtf.. The forced him to rns the separate listing info etc.. Nomad is crap..yesteday tweet.. We signed a non binding offtake with Chinese groups as part of the process to move 145 asset from exploration to production
Talks are advancing well & progressing at favourable terms to the company, which should add significant value to the Company & Shareholders
There is no such thing as good news in this company.. Mosman continues to vigorously pursue its clearly stated objectives. What objectives we need a vote of no confidence as he canno lead this company any further and the separate listing will not happen. He needs to use separate seed money for that and not mosman funds if the investors are serious about something .. Plus who will give him money to run anoother company. 9 years of poor shareholder value is more than enough fleecing the company with close to £2 million in wages alone. How does he get away with it
What chinese deal.. They have signed a non-binding HoA already to sell helium and laughing gas to them. There is no deal out there just 2 months of oxygen left.. He should sell the US company and just focus on AUS. We spent $aus600k in June plus oil revenues and do not understand where the money has gone.. He is just fleecing the company to say the least...
1 billion plus traded who the f is selling or buying. New investors beaware of putting your hard earned money in this stock. Too many Wolfs on here saying this is a great buy here they said the same in the last placment to hold the ship. End of may aus$1.2million end of June aus$660 plus £300k so approx $aus1.2;million of oxygen left 2 months.. who trust the bod on a separate listing no one will give him money to raise for the ipo looking at his history here.
Why do you think this is worth £2 million? Jb was held to ransom for this placing at a massive discount.
Where is ford today? How will he get $1.5 million for cinibar drill in lease aquired from bpx? If GE strughling to do IPO on ep155 what makes you think we get ipo for our permit ?? He's just holding the fort here.. And needs to go.
9 years of placing from 80 million to nearly 8 billion shares.. And no return of investment or shareholder value .. Made bad decision after bad decisions in the US.. Failed missions after failed missions. £30 million pounds of placing to produce barely 150 bopd ..
Well.done JB @ford must be impressed with placing and the plan going forward. Huge discount to the lowest of lows wow That's how much jb thinks mosman is worth. Wonga loans do not care. Might as well make new investors aware dont put your pounds in here unless you literally want black or red its not even that this time.. Its red all over.
The market would love to know the real value for Ep145 and ep155 by an independant respected consultants... And not sp angel .. It could be the critical ingredient to mosman sp.. Although at this sp we are not even valued for the US assets... Last qtr update due soon.. It needs to be better than many previous qtrs. Just need a miracle now.