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Some nice hints from the company in the presentation. In conclusion:
- Mosman continues to deliver increasing
production in USA through drilling &
acquisition of new projects
- High exploration potential including Helium
and Hydrogen exploration opportunities in
the Amadeus basin, Australia
So production is increasing for mosman, all positive news.
Hythe, not a problem, it would be nice to see a slow and steady rise here up into the Christmas period. Even if we just just to 0.002 by Christmas that would be perfect. What we do not want are spikes at these levels. I certainly see this share as having huge potential over the next few months/year(s). For any of those interested, just have a read of the GBP board (I'm not invested there but wish them all the very best). For anyone wondering what I mean by anticipation rising, GBP are not drilling yet, and are not producing at all but the anticipation on that share is unreal, the herd have certainly arrived and will continue into next week, I'm sure. They have two majors drilling near to their lease and people are buying in on anticipation of those drills hitting oil. However, the risk still remains the same, if the majors do not hit oil or the results are not "outstanding" then the price will tank/be dumped (the joys of aim). Its why people say buy in on hype and sell on news, I was there with 88e since 2015. I cannot state enough how important it is for everyone to research thoroughly before investing in an aim O&G company.
The next step for Mosman will be to progress the technical work to further define the prospectivity of the permit. Acquisition and interpretation of 2D seismic will comprise the next significant exploration activity in the current permit year (expiring August 2022), prior to identifying a drilling location and drilling an exploration well (by August 2023). It is a requirement that prior to any field projects, including the 2D seismic noted above, a Sacred Site Clearance Survey ("Survey") is acquired by the Central Land Council (CLC). This was agreed and scheduled by Mosman and the CLC for November 2021. Unfortunately, Mosman has been advised by the CLC very recently that the Survey will not now happen until April 2022.
The above was taken from the last RNS. This gives a really good timeline for the helium play. I would expect that throughout next year we should see the price climb on interpretation of the 2D and other aspects building up to the drill. You find with most O&G aim companies whereby the price climbs up to the drill commencement. However, don't forget, we are not just a one trick pony here, which is why this is such an exciting prospect.
Certainly looks that way, being manipulated by the MMs at the moment who are well and truly in control. Just needs some volume and they will have to raise it.
Had quite a bit of activity on twitter yesterday which was good to see, perhaps people are starting to see the potential upside here
Jackie you spout absolute tripe on this board. No doubt this share has some potential but is also high risk.
You are stating things like breakout and yesterday you said it would be on the leaders board - no. Give it a rest please, some naive investors may actually listen to you.
I've only been invested here a couple of weeks but my main reason for investing was the helium potential. If you give the latest RNS a read it provides you with timeframes for surveying and drilling. All the best
Something will give here as soon as we get some decent volume. This will stem from some decent PR and hopefully the next flow of news.
Buys to sells today was 2:1 but again, not a great volume. I keep saying it but patience over the next couple of years here and we should multibag, getting in at these prices, accumulating and sitting on your hands will be the key.
"$200m is still owed on a recent acquisition. I didn't understand why this balance hadn't been paid from the placing funds when the same funds have been used for drilling W2 and S5. The distinction is lost on me but commentary in the next report might clarify."
£200m??? Is this amount to be fully paid by Mosman???
Delta Fox, you've just asked the question that many here are also wondering, it's staggering that this share is this low.
These are the types of questions we, as shareholders, on this board and elsewhere need to be discussing and debating.
Madness isn't it. It all comes down to PR I feel and making investors aware of what they have. I'm comfortable with my holding here and I'm invested as they have no debt, are producing and have a good portfolio moving forward. As soon as people switch on to Mosman then it should rise quickly. All in my opinion.
Absolutely agree with you and the key here is patience. As you say this would not look out of place sitting at 1.5p and primed ready to rise on the news to come.
Take 88e as an example and where they are, they keep drilling each winter but have not confirmed a drop of oil yet. I was there for 5 years from 0.035p and watched it go all the way to over 4p just on sentiment alone, they never found anything they could prove up fully or get out of the ground. The mcap is £220M....
Price here is an absolute bargain, timing is key.
This will start to move over the next few weeks in my opinion.
"Mosman considers this area may be a potential sweetspot with all the ingredients for hydrocarbons, helium and hydrogen exploration targets are present".
What is our Mcap again? The reward here could huge, forget a 10 bagger, this could be the next 50-100 bagger