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That was refreshing to hear JB talk like that on proactive. Genuinely excited about the future of Mosman and sounded like a shareholder rather than just a boss. Shares our frustrations with the MCAP, unbelievably low.... Stanley looking strong and hope that’s backed up with strong results. Santos drill very soon fingers crossed for that.
Agreed. We had a higher MCAP pre last placing, since then we have successfully spudded S2 - more oil, recompleted S1- more oil, funded S 3-4, worked over Welch - more oil, increased our stake in other prospects and Arkoma appears to have finally hit form with those ESPs. So yes, based on that this SP is a joke!
We didn’t finish higher today, rose very quickly after the RNS, maybe not many shares were about. I also remembered how many shares were sold cheaply by the MMs in the build up to this so no wonder there were so many sellers at 0.4 down to - 0.33, millions were sold at 0.25-0.3 bargain basement price as the MMs had no faith in this outcome, so 10-30% profit easy. I think there is much more faith here now and hopefully the sentiment will change very quickly. 0.4 are the warrants maybe that’ll be the next funding, won’t be taken up till nearer 0.5 at least which is very probable given today’s results. Hopefully profit takers are gone and a new wave of investors/ traders are in for the next leg up and the continuation in the Mosman revival. GLA.
Although we have had a near 20% rise here today and are sitting at 0.31p I would like to point out that before the last placing we had an Mcap of 2.27M, it was higher but the final figure before the drop was 2.27M. we raised £500,000 which paid for Stanley 3 and 4 drills, bought our share in challenger and charger and repairs and running costs at other locations. All that has happened today is that we are back to near level with adjusted share capital. We should’ve always been at this level since the last placing, so don’t think that this is just an inflated price pre news, this is THE price we should’ve been building from pre news! GLA.