Member Info for panman

If they get any of these bigger contracts can they fulfill them without placing for working capital etc?

Well the chart and I respectfully disagree ROCK.

This closed a tad under 2p on the 11th. News on the finance and its interest rate hit on the 12th and the sp has been down ever since.

Not hard to check for yourself suggest a good thing to do whilst we await news on how they plan to use the cash to holders financial advantage.

I think borrowing the 2nd tranche of funds at those high interest rates to accelerate drilling (again) without accelerating anything has had its toll on the sp.

Shame as with a forward drilling plan to excite the market this could of been bloe's year. Hopefully still will.

Disagree strongly but unimportant imo as Britain is ruled by foreign influence itself in that our ministers, both lab & tory are WEF operatives and the entire parliament is a "friend of Israel" which means they all have mossad handlers.

We're the ones that are owned now.

You can see how close they are to msmn's play if you blow up the Amadeus Basin pic near the bottom of the page on msmn's site here..

https://www.mosmanoilandgas.com/amadeus-basin

Will be interesting to watch for holders here imo.

GROC was apparently floated cash light for their project and the market and what looks to have been bucketshops used to raise the £5m knew that and believed the project to be many years away from meaningful development so dumped the stock.

Lesson to learn for msmn (imo) if they float a subsidiary is to make sure they float with enough funds available for the Environmental Survey, the acquisition and interpretation of 2D seismic and the drilling of their first well.

Market will take them seriously then as its quite an asset potentially but not if they float underfunded and unable to progress because of it.

Agree, they lent the co. cash 2nd of feb to accelerate project 1 its now May and nothings happened except they're pushing another loan at the same awful rates (+warrants) to do the self same thing again and there's jeremy asher the man that totally destroyed shareholder wealth at trp saying its a good deal.

Happy they're planning to drill again in July not happy with this loan or the debentures involved.

2nd feb

"The funds raised provide the Company with additional headroom to accelerate its Project I development programme. This includes additional wells and side-tracks, following completion of well WR-B01Za, which is currently being drilled. "

12 May

"The funds raised will provide liquidity to maintain momentum around scheduled crude liftings allowing the Company to accelerate the procurement of materials for the drilling of its next Project I wells. The first in the drilling sequence is KRT-45Z, located approximately 1,500 metres from the recently drilled and successful WR-B01Za well and will be spud in July."

Pawnsacrifice by the way. Got logged out over the weekend and logged back on with what was an old name by the looks of it.

Will sort over the coming weekend.

Snuck above the 50dsma yesterday and is moving ahead today. Looking a bit more bullish for longs imho.

Might have a go at the 200dsma at 25p level if this mostly un noticed move accelerates..

Does sound very positive, market was sure these were to place hence the lowly sp, doesn't look like they will with the revenue/growth rates.

Thoughts?

lol at zatch. They're going to start producing this quarter. They were going to start producing what 2 years ago when they first listed in aus where they're seen on hotcopper as a sham company. There may be a bob or 2 to be made here on the pump and dump but I would srongly urge anyone being caught up in the hype here to visit hotcopper for some background on this crew and its "soon to be producing mines" if you're here looking for a punt on the rampers $100 silver claims.

tnx bamboo good to have started clambering onboard. Agree re the trade straight after but thats my timing lol and with the growth prospects/marketcap here I'm happy enough being patient here. A lot of the CNBC guests seem convinced this market will have another leg up after xmas as the retail investor gets into the rally, If so that could well be the blow off stage and high growth illiqiud stocks such as this one should really benefit imo so its all about getting positioned ready for me. Nasdaq 5k here we come?

Had a few for 74p just, bit worrying buying anything whilst the markets red again but these could have news on their UK launch tomorrow, they said by year end and trying to buy when they've had news would be murder imo. planning to hold for a while now (and pick up a few more if this isn't the bottom) and give them a chance to hit the market with all the positive newsflow we're expecting the next few months. ATB all.

Good, intelligent rns this morning imo. letting the market know their CFO has the integrity needed to join another listed co. on the frankfurt market.

Wouldn't be at all surprised if you're not right about this not being a penny stock having an effect. This 90p for a share doesn't "look" cheap like a 10p share price does even though the marketcap here is so low. Must admit I thought we'd be higher here not lower after yesterdays news but will continue to hold and wait for things to develop as they've done nothing that makes me worried or want to sell and I think theres good profits to be had as they grow. Understand on tpl, I,m holding there too but to me they look like they've had a weak break through the 50dsma yesterday and are backtesting today as it stalled at the 100sma. Will look for it to hold above 40p for a couple of days then get quite bullish as the story there even with past management tardiness is still very good. Taj could be mouthwatering imo.

Seems pretty accurate summary imo zatcha. They are very new to the market and are just beginning with the newsflow. If they carry on in this vein though don't reckon it will be long before the comms/atuk crowd are looking in and when they do they'll find a growing and profitable growing company here imo with positive newsflow and extremely good broker coverage to help with research. http://www.allenbycapital.com/research/rapidcloudinternational240913.pdf

agreed its wider investor interest needed here.These haven't had a lot of newsflow yet but what they have had has been extremely positive imo. Perhaps as more updates come in re their Asian expansion plans the market will sit up and take notice?

thanks langyy, looks a good agreement imo. Celcom have 14 million customers in Malaysia and their parent co. over 180 million throughout Asia itself! Our little RCI is playing with the big boys, they do say watch the quiet ones.

Well we've made friday, trading update anytime from here on in then, certainly wouldn't want to be out over the weekend. lol

Well its the 29th already so Friday onwards for their trading statement then. Monday would be a good day imo, start the week with some good news on the new contracts they're hoping to announce.