RE: Note17 May 2025 08:14
Having had time to digest the posts relating to the placing there is a lot of negativity and maybe rightly so. It’s unusual for PI’s to support an equity raise although occasionally it is viewed positively. I guess if you are invested you try to put a positive spin on it looking at available data and if you aren’t you decide to share the wealth of your investing knowledge making it sound like the company is going out of business and those invested are doomed.
A lot of posters have decided that the company and driller have decided this first drill is a duster. How they know that I have no idea. One poster who declared this also said a few weeks ago that the contract between MSMN and Vectra was going to be ripped up. Never happened and we massively increased our stake. Maybe we did that because we knew it’s going to be a duster? Makes sense eh?
The trolls were conspicuous by their absence during the rise from 40-70. They only appear when the SP is falling. I wonder why? The SP has increased 13.5% in the last month and 51.33% YTD and 127% over the last 12 months. Not bad is it?
So we raised 1.25m. Let’s imagine the MSMN board discussing a raise knowing it’s a duster (according to our resident naysayers). And they say ok we know this drill is a failure so should we shaft the PI’s even more by giving them a retail offer? Yeah, why not that will enhance our reputation. Let's go for it.
I have no idea if this drill will be a success at best it looks 50-50 but one things for sure neither do the trolls. Next week we will find out.
Sign In
Follow the stocks
