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Hi Spary I have to say I agree about JB/AC as there costs are astoundingly high as when you actually break it down there’s been no real shareholder value/ return yet after 4 years.Would you say over 4 years they have managed to pull nearly $1.5 million each at a rough guess which is not bad going for what failures we have had.? Yes things are starting to change but there are still a lot of unknowns Which needs to be made clear ie profit per barrel /is there another placement coming?.Over the years I have grown to mistrust the board and with the responses to my email correspondence from JB he’s always blameless.? My hope is they do start the run of good news and we strike it good from now on so I get my money back ASAP.just my views Cheers
Hi Guys/Girls Well I’m very disappointed with the share price with all the RNS/Media and presentations given and yet no major buying going on.I find it hard to believe that if we are sitting on a firework with the Aus permits and also the next drill at Stanley which if it’s what they say on the tin it is really good business and a good move to put the money into it instead of Arkoma.why the low share price????why has there been no leek of a amazing deal being done as people in the know always let there mates know etc.?????My opinion and I do stress my opinion is its maybe a lack of trust in the board who have made major mistakes in the past and are continually bailed out by placement after placement and also there salaries etc the mistakes are well known and it’s a long list so mistrust is there for shareholder value.on a positive note I do think we are in a better position now than 12 months ago and the board is slowly showing some positive steps forward as I think they themselves realise now The gravy train has a point where it stops if no income is coming in.I hope in the next few RNS they really push things to gain momentum and trust back.This company has been on a downward spiral for 3 years and now at its lowest I hope and JB/AC have to take part responsibility for this as I accept they can’t be held responsible for oil prices that the next few weeks show us what they are capable of and make MOSMAN what I invested in a mid tier oil producer.GLA long term holders who have felt the pain many times:-)
Totally agree on the points you’re raised it’s like any business if you’re not earning enough you cut your cloth to suit not pay your self excess amounts as the rewards should come when the company is successful and at the moment we have made small steps forward after many failures
Trecker stop being a d—k to many people have lost money on this share especially us long term shareholders who are waiting for the board to actually achieve something and get the shareprice up not at this ridiculous low and please spray don’t encourage him.
Absolutely disgraceful RNS and just shows the incompetence of the board.Overpaid with nowt to show for 4 years of poor management.flushing my investment down the bog now as it’s only paid for JB/AC jolly boys holiday at shareholders expense.
Please just tell us what is the cost of extraction etc per barrel of oil per site so we can all see what the profit is per barrel going off current oil prices.If it was great would you not be telling everyone.???? Reply’s from JB have always avoided answering it but it’s basic accounting and should be available by now.
I fully agree next AGM should be in the UK so they can actually see face to face how angry shareholders are but they won’t have the bottle for that as they will want to do it in Aus so they can reward themselves with no one around.
Going to be another long day of no real action to move this forward.Im just disappointed that the board Are not capable of providing any tangible news to show why we should be paying them over the odds salaries and day rates.I could name all the poor decisions and failed ventures they have made but I haven’t got the space to list them all.
Sent a email yesterday to JB telling him a few home truths and no reply so I’m thinking he must still be replying to all the other pis-d off shareholders so I will wait my turn and see if he can explain his bullsh - t he keeps feeding to us shareholders
I reckon JB/AC have taken notes from the carillon directors on how to run a company down.if I wasn’t holding on to a huge lost I would be laughing but hang on I’m in Mexico going on a booze cruise Today for my stag do so I’m going to forget about the muppet show that Mosman has become and hit the tequila 😂😂
Bloody hell Spray and Clearbluesky get a room.You both have made valid points but now is the time to give it a break and let people decide themselves if they choose to invest or not and what will be will be.Im quite sure in the next few months we will see who is right weather MOSMAN is a true investment or a lifestyle company.Put the Champaign on my tab 😂😂