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It was great news, but a disappointing finish. I was expecting it to break the first resistance 0.055 and close above at least 0.060. No worries, this will come good

SmoothOperater: So we expect news tomorrow, or RNS on Wednesday

The approval process is taking too long. People are losing patience and are selling and investing elsewhere.

Https://x.com/Share_Talk/status/1923820489538970080

Awaiting the Aftermath of a Fundraise. #MSMN has recently attracted attention following a capital raise decision, which understandably can slow momentum temporarily. Despite this, the technical outlook remains cautiously optimistic.

The shares are approaching a key support line projection around 0.042p. This level could provide a floor for the stock as it navigates the post-fundraise period. Notably, the 15-day and 200-day moving averages are both rising, suggesting a potential golden cross formation—a bullish signal where the short-term average crosses above the long-term average.

However, investors might need to exercise patience and wait longer for a definitive move upwards. The lowest expected level before a rebound is the 50-day moving average near 0.039p. On the upside, initial resistance is around 0.05p to 0.055p, an area that served as resistance in October and briefly as support earlier this month.

I hope so Robert. What is your price target in the short and long term?

The question is not why the company has raised the money; it must have been for a good purpose, but rather the question is that there was no transparency in this process. If the shareholders had been informed in advance, many people, including me, would not have bought the shares at a higher price. This news came as a surprise. That's what frustration is all about.

Https://x.com/TheSaintCharts/status/1923695748727640291

I completely agree with you. When the share price was around 0.070, people were shouting that this was the last chance to buy at this price. As per the same people, the share price was still very cheap at that time. So, let the dust settle, wait for the result next week and then decide to buy more if you have funds.

Will drilling continue over the weekend? If yes, then there should be hope for good news by Monday or Tuesday.

There is a lot of confusion. If Mosman knew the well was a failure, why would it increase its share from 20% to 90%? However, the question also arises as to why the company selling its share agreed to sell if the well is commercial. Then there is another question, the well result is expected next week, so what was the need for placing so soon?

It is important to understand these questions to understand the whole situation.

If it is a duster and they knew about it then why did they increase from 20% to 90% .

I am not investing more money until we get the results .

Tariq: not MSMN type of RNS on Monday morning lol

Yes very attractive lol Some people were saying, last chance to buy sub 0.070 lol . We need good results to make this offer attractive otherwise share price would tumble on bad results.

I topped up at 0.0695 and very disappointed to see today’s RNS.

I'm sure you guys are more knowledgeable than I, but I thought this basic information was essential for those who don't know.

So, what is casing in helium drilling?

Casing refers to steel pipe placed within the drilled well to line the borehole. It's used to isolate helium production zones from other zones, protect groundwater, and stabilize the wellbore. Casing is a crucial part of the well-drilling and completion process, ensuring a safe and efficient helium extraction operation.

Is it good to find gas in early drilling for helium?

Finding gas during early drilling for helium is generally good, as it suggests the presence of a potential helium-rich reservoir. While helium is often discovered as a byproduct of oil and gas drilling, the presence of gas (including helium) can indicate a suitable geological environment for helium accumulation.

I will top up after the results. HE1 recovered 1.22% helium, so I am assuming that in the helium industry, anything above 2% is considered a good result. Right?

Toped up early in the morning at 069.5, gutted.

My suggestion to Tariq is that instead of reading RNS, he should just give his analysis of what a layman would understand from the news. This way, the duration of the video may be shorter but it will be effective and attract more views. It is just my friendly advice thanks

One day

Yes