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We also had a lot less shares in issue & several assets which on face of it had potential (later got abandoned). Of course you are below where it should be but it certainly should not be in the pennies currently...., i think 0.7 is about right on true terms.
Surely the market has got to react positively to this latest development today. No delay, extra work fitted in..., all good news. 6.5 here we come
Baffins, what do you think happens when a company runs out of money in the market?
Please tell me you are aware that MSMN is hemorrhaging money currently...., yes revenue is up which is great, but they are losing money each and every month. Sooner they can get to that break even point the better as when the SP is so low, you are certainly going to introduce a large dilution to get anything of substance by issue of new shares. And i think we all can agree we do not want that if it can be helped. Best way is to get to break even asap - however - they are a long way off still and they might well need more cash for their activities over next 6 months
Still up on last 2 weeks - take the positives. Hopefully it wont drop much more, staying above 0.4 will still be good for this share
The good thing is, even if the AUS stuff comes to nothing, they have enough elsewhere to grow in size at a nice steady pace. The AUS stuff would just be a serious game changer for u all if it came off succesfully for them
Nice improvement, but somewhat surprised msmn are still making a loss. Might explain why the SP is being held quite low. These salaries are very very high
It is great to see some of you making money off this share. Well done to you.
Those Stanley figures - if sustained are pretty decent.
no way will Santos be a duster (imo). might not be massive but should be a stable figure at least.
Sorry Da_Gee, but it is clear you do not understand the current lease terms.
Go back and read them, then rephrase your post with appropriate caveats
It is exciting newby2302, that is for sure, i have not been in here for around 9 months now but like to keep tabs.
I feel with the Australia side of things, a JV is looking less and less likely, potentially we can offer the lease up to someone bigger for a small % of a working interest in it. Besides that, come August it will be another one that has slipped MSMN by.
I do like how they are starting to generate a bit more passive income though to help nagate the frequent need for placings. Either way, the next six months is def make or break time for this company.
Me personally, i wont be reinvesting here. i got lucky when i exited here last year. I don't want to waste that chance again. However if i was in with an average of 0.6-0.8 levels, at this present moment in time i might be tempted to hold tight and see what develops over the coming months
"Seismic reprocessing at EP145 has confirmed the shallow multi-payzone anticline, similar to the reservoir zones at the nearby Mereenie oil and gas field (ref https://wcsecure.weblink.com.au/pdf/CTP/01927704.pdf), and also revealed information at deeper levels.
This new information includes indications of a salt diapir that may provide the sort of trapping mechanism found in the Gulf of Mexico, and also deeper information that may allow Mosman to link this permit to the large "Dukas" prospect to be drilled by Santos in the Southern Amadeus Basin in the next 12 months
how are you still getting confused by this :)
Oh dear.... 0.23 price seems a bit too much...
Purchased heavily in these in low 80's. Looking forward to seeing what these can do
good luck with that waver.... not been invested here for A LONG time now. there is not end in sight for this share turning around.
Placement will be coming next month, and at this price, it will be a massive dilution to get the funds the BOD need to pay for all that food
yes it has been purchased more hasn't it.
based on what? 1 person investing £10k?
Surely if it arrived empty and left full that means that Brockham is also producing nitrogen - which is worth so much more than oil - so that is a good thing right?
Nice to see Mosman has had a positive day today. I have been out of this for some time now but i do hope they manage to get their stuff together over next couple of years. They can still turn it around. Good to see a positive day