I would respectfully suggest that at least 95% of shareholders are in Mosman for the helium play. Which is now moving in the right direction. If we gain a few barrels of oil then great. But it is the helium play that counts.
My understanding is that if a major shareholder wants to exit, the company would do the rounds of the merchant banks and this process would bring in say 4 or 5 bidders. I cannot believe this has happened as we have such a low ball offer on the table. The company is probably running at around 4 to 5 million profit a month and almost debt free. I won’t be selling.
3.8% up at the mo. V disappointing considering Centamin and Fresnillo approx 7%% up. V little volume is the problem. No debt in January and still we struggle to rise.