RE: MSMN history, littered with failure and placings21 May 2025 11:30
Morning
Anyone with LSE access might want to post this in response to Tommythetank:
There’s no denying that Mosman’s past includes missteps — but to judge the current business solely on its history is to ignore the clear pivot made under Andy Carroll’s recent leadership. Since 2023, the company has:
Exited expensive, long-term Australian projects that would have required massive capital and time
Refocused on low-cost, scalable U.S. onshore gas through Sagebrush and Coyote, which sit near existing infrastructure
Invested in Vecta to create optionality in proven basins
Reduced burn and streamlined operations
Yes, the share count is higher — but so is the asset base and the near-term commercial potential. What’s missing is a fair market cap to reflect that. If the board delivers on proving up Sagebrush or Coyote — or sells Billy Goat for real cash — we’ll have a completely different picture.
Criticism is fair, but it should be based on today’s strategy, not yesterday’s headlines