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Reflecting on this having listened to the interview this morning. Next MSN activities:

Production upgrade on existing wells. Potentially using gas pressure.
Resource report - said 30 days but lost about 10 due to sickness of the responsible person. Probably still 4 weeks away? Together with review of existing surveys - decide where to drill at Cinnebar next.
Next well c. May/June? A number of wells possible in time.
They need to fund a rig. Looking at this.
IF they can get additional wells going at Cinnebar there is a material increase in production from here this year. Usual exploration risks apply but seeing as C1 is on production it is somewhat de risked.

It is a good RNS. The delay to the reserves report probably the reason for the lack of share price enthusiasm. That's the next nugget of news that further talks to the potential for Cinnebar.

MSMN tweet I should say……. Anyway reserves update on the way. Which to be fair to MSMN comms is exactly what they have been saying for a while now.

Mann Tweet today. Updated reserves report for Cinebar within 30 days

About 2 years ago I sold all of my EUA shares. Next morning I awoke in a cold sweat.... what if the deal happens today!!!

So I bought them again and have stayed in ever since.

So now with the Ukraine war..... the reason I stay invested is basically - if war ends then this 10 bags from this level on that day.

Or EUA get's sanctioned before then but hey if you can afford to lose the money theres a chance the war ends and they are still trading.

Completing a sale of assets of any size in the current environment is to my mind almost impossible to achieve. I could be wrong but that's my view. Needs the war to end in Ukraines favour.

I think you may be right. Free bar maybe.

I haven't sold. So far down on this that it wouldn't help with anything to sell.
WSBN need to RNS a clear operational update and plan for the next 12 months. This needs to include the official view of what happened to the missing 4 drills at Red Setter and what the forthcoming milestones are for the Red Setter project.

I honestly do think that good work is being done but RP is such an appalling public speaker that they might as well have got a drunk of the street to talk about the powerpoint slides. In fact I suspect he really was having a bit too much of a good time.

I think RP is an incredibly poor public performer. I also think he is arrogant to the point that he just won't see that. I wondered after listening to the presentation.... what his colleagues made of it? It was a presentation NOT an interview, the company had time to prepare to tell the story that they wanted to tell.

Listening to it and stripping away the arrogance and frankly stupid remarks I think there is a company that is trying to strike a discovery. The drilling combined with the leading tech survey work is trying to get to that. The problem is this idiot that speaks and really shouldn't.

Surely the company - no matter how small it is - can see that and do something about it. There is good work going on in the background. If there is something valuable to find at Red Setter they can find it. Always a big if mind.

He said that fund raising not any time soon. Would be for something specific when it happened. He clarified that he always has to say there will be fund raising because that's why they are listed. It's a given until/if they ever discover something to make a return on. Same for all exploration companies - we invest on the relatively small chance they discover before the next cycle.

There were some cringe moments for sure. The indigenous people stuff is clearly about keeping that lobby group on side and actually quite important going forwards. I'm actually quite interested in the stone circle magic stuff.

Can't forgive the missing drills. I get there is more analysis to do etc. but just very sloppy voicing that over like that without clarity in an RNS. This needs better explanation.

He did talk about positive news flow this year and I get that we have further analysis of Red Setter and survey work leading up to another drill campaign. Next year though?

I'm not invested for the personalities but the prospect I think has a chance to deliver so OK for me to leave some invested for longer term returns on that. If they can prove a good target this has huge potential - like so many exploration prospects in the world - be prepared to get nothing (likely) or a lot (a chance).

I won't sugar coat it though.

Really odd trading action at the end of the day. Everyone check they don't have a 3 year old kid playing stocks on your smart phone!!

Blimey. Google finance thinks someone bought 3.4 million shares at 9:58 today. It's an error but we can always dream......

If you are looking at Google finance I think it's a glitch. Showing those two trades at 4.85 but Investing.com has them at 5.85

I don't think there was time to organise an for shareholders.... or they left it too late as it became very obvious they needed to raise funds urgently to show the market they could afford the drill.

Having said that you could buy under 5.5p that week. I got some at 5.5 and I think others did better than that.

So for weeks I was scratching my head as to why the SP wasn't rising on good news here.

Every day I try to grow up a bit as an investor and whenever I learn something I reflect and think - blimey that was obvious!!

Anyway. It's now clear to me that the market will need to see more detail on how Mosman will develop Cinnabar. The market doesnt see how the company will turn the good news into profit as the company may need to reinvest that profit for future development and that's something of a spiral unless there is something that shows that the overall cost of getting those extra wells can be covered whilst still making a profit. The updated reserves report might help if it shows there is more potential.

Watching the new video it was clear to me that Mosman see this project as taking place over "12-13 months" and they clearly understand they need to establish how to fund the work. So that's TBC and they know how urgent that is.

The need to raise reduces as you produce enough to make a profit. Invest cashflow into future work.

So I see less need for a raise in the medium term but it does depend on the cashflow.

This does not mean it can't happen but I would expect that if a raise was required it would be for something materially significant outside of the current plans to worker the existing wells and new wells in the same field.

1k of pipe? To many variables or at least sensibly don't set expectations that then need additional comms to manage any variance. We just get to wait and speculate but I'm glad he didnt set it in apparent stone.

Nothing wrong with the interview. There are other less informed potential investors to inform and this is part of how that is done.

Surely the placees are in exactly the same position as anyone else who bought shares at .07p. Last week we had significant selling below the placement price. I have placement hares in other companies and I don't sell them cheaply unless I don't see future value.

I don't really get the trading action on this share but ultimately any investor keeps a share if they see value in doing so. Surely the company is making strides with the recent RNS and future improvement to production figures?

That 45m buy should help! Honestly I think there are some very complex trading 'instruments' being applied today. I haven't got a clue.