Member Info for SmoothOperater

Fair to say, that's the worst of placement churn behind us, and perfectly timed as they embark on 4 wells being drilled in June.

Cleared out some traders today and a few trolls.

Looking forward to getting the drill bit back in the ground next week, these relatively shallow holes don't take long to get the results.

Desert Eagle will be making another offer hopefully.

Drilling starts on Monday, so the market makers will be accumulating to sell much higher.

The first drill Billy Goat was snapped up by Desert Eagle with undisclosed results (obviously commercially viable)

The second drill Bard , is adjacent to Billy Goat and therefore the Chance of Success has dramatically increased.

There's potential for 4 successful wells and Sagebrush.

The first well of the 5 drill campaign was already commercially viable from the Endrada formation, before hitting the primary target of Lyons formation.

I'm estimating it will 5 to 7 bag from the placement price, if everything falls out way.

A little research would reveal that Desert Eagle gave Mosman a good deal, at the upper-end of industry standard.

We're now embarking on the rest of the drilling campaign, there's also Sagebrush results to come imminently, and we have a partnership with a big player in the area.

Things are looking very positive right now .

Any average from the last placement price should do well if things go our way. IMO

I'm expecting Desert Eagle to take a stake in Sagebrush and the other Vecta wells, as they're all located in Colorado, Desert Eagle's area of operations.

It's good for Mosman to have a big player as a partner.

Punter 1234

Each to their own, I'm doing the same as I did for HE1 in January '24 (after their placement ), in fact this is why I invested here and hopeful of a similar outcome , and you're right about the herd .

Market Capitalisation is the share price multiplied by the numbers of issued shares, which is relevant to value a company.

Asset values are also relevant to making investment decisions, in deciding a company's value.

For example: A small cap company worth £1m wins a £5m contract, would have a dramatic effect on the share price, than a £5m company wins a £1m contract.

Dollar cost averaging is the best way to invest in volatile companies (if you're planning on staying the course).

I've set a threshold of the last placement price, and have bought multiple times of the same amount, each time at a lower price. This strategy over time will build a larger holding not too far from the bottom price.

If circumstances change or no longer want to stay invested, the potential losses are smaller, when selling at the bottom.

"We do not express an opinion on the accompanying financial statements...

...Because of the significance of the matters described in the basis for disclaimer of opinion section of our report, we have not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on these financial statements."

✅ This is called a "disclaimer of opinion", which is the most severe form of audit report — worse than a qualified or adverse opinion.

5% is NOT low , it's the upper-end of standard industry practice for an Overriding Royalty Interest (ORRI):

An ORRI is a percentage of revenue from resource production (e.g., helium, oil, gas) paid to the holder without bearing exploration, drilling, or operational costs. It’s typically carved out of a working interest and is common in farm-out agreements, like Mosman’s deal with Desert Eagle.

Typical Range: In the oil and gas industry, ORRIs generally range from 1% to 5%.

Mosman's 5% is at the upper-end of such a deal, reflecting a very good asset for the risk profile.

DYOR

Like most days

Next Drill, four more wells to go

Good time to buy

Balance sheet is going to improve by $200,000

Desert Eagle already operates 6 wells in the area, this is a good deal going forward into the drilling campaign.

Desert Eagle deal is the fastest path to production and commercialisation.

Drilling 4 more wells continues from next week.