RE: RNS31 Oct 2022 15:53
To add to the this fantastic RNS and update -
10% for MSMN of £20b AUS resource is £2b, lets be conservative and take 5% of this... = £100M! to MSMN - that is very very conservative indeed, i.e. only 5% recovery of resources. Therefore a lot to look forward too.
Now Georgina Energy already have partial access to the resources in AUS, they will go for quick wins as soon as application is approved following IPO and payments made. MSMN are ready with their part of the payment now - funding done earlier in the week to top their cash reserves).
Goergina Energy will also do further seismic across the AUS asset to look for additional quick wins that will be their main aim/ objective. The assets are being listed very low for the IPO and therefore funds, asset managers will be on them like bee's.
Once Georgina Energy IPO is done they should get interest from banks and other interested parties in world class AUS resource.
Certainly keep buying up as we progress - there is a lot is on the table for MSMN.
Now if MSMN contribute more towards additional production drills in AUS they get extra 15%. But this is optional, more long term. So not small numbers whatsoever , when you see this low pps now, it makes you cringe! in good way
Some decent buying so far, good for the ealry birds i guess.
Don't forget MSMN has USA operations and assets - which are generating above even cash below today, and have clear path to 2x production - which will make them solid profitable producer for future investments, i..e.TO recover more of AUS.
Patience - time is right. Forget the past, look forward when chips are down, and many more updates to follow as the investment de-risks.
Some here have no clue what this is now, they can;t tell difference between greenfield project and the actual producer ramping up, and don;t understand the timing and favorable conditions for business growth.
All to their own.
IMHO (But what do I know)
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