Member Info for Snufkin

Hi all !! don’t often put something on the board. Hi Spary !! Still bouncing like tigger !! Glad the trolls haven’t snapped your elastic you need to bounce with!! Sad to say mosman has lost its bounce and imo its getting to that awful “fork in the road”. Only a 50/50 survival now. BOD is basically being paid out of placing money. No cast iron financial figures, flow rates, profitability per barrel. Pboo is imo near its high now, unless there is a conflict, so if we are not powering ahead now, Then it seems even more unlikely now. No loan(never was gonna be IMO) only 3% of arkoma to come, so no finance for acquisitions unless there is disposal. A year ago we were @1.25 and I could see a credible path to sucess. Now its a survival scenario, i had nearly 1% of the company last year, scaled back considerably, lost a fair bit. Placing before last did for me. Still holding a fair few just in case, but its a 50/50 play now. Keep bouncing spary !!! Love it !! Genuine GL to one & all. Be careful, only play with what you can afford to loose... :) S

Half awake, mouth full of cereal, opened LSE to see angs at 37 on the front screen, up over 600% !!! off to get the mop & bucket to clean the kitchen floor. We can dream........ on a serious note.....I wonder if it is going to be “All quiet” until the SCC outcome? they might have been told not to “stir the hornets nest” with any “growing, gonna be big” stories??? Only a thought, although No “ Honk from Vonk” is par for the course. Have a good weekend. S

Wonderful, wonderful, wonderful......... Best post of the year thus far.... ;)

Yep, totally agree its late May now, they’d have to pull some very big rabbits out of numerous hats, for it to be the Transformational year we all hope for. Thankfully my average is sub 1p, but very nervous of another placing, got caught out last time.. GL my friend.. S

Morning RD, yes few buys in this morning. Feel its gonna be an interesting month ahead. Feels we’ve been stood at a crossroads waiting for a bus, not really knowing the direction we are gonna be driven too. But just got that feeling we’ll know soon. Been holding since Nov ‘16.... hope its Nirvanna not disneyland we end up at... GL S

Congrats the person who made a bit selling 500k of shares at .82, could have made 20% in a coupla days. Fundementals have not changed, so its another “Grand old duke of york” moment. Enjoy your evenings one and all.... S

Morning, Nice blue sky and sunshine outside, with a nice shade if blue on the lse board too. No volume but a welcome tick up ....... It gonna be interesting why the nudge up?? Busy day, so enjoy your chats....S

Interesting trading today if the LSE figures are right. Steady purchase flow since the 300,000 sold early this morning. Still think this will retrace its steps passed 9p upto the 12/13p area over the next few months. But obviously this will fly, if ( and thats big IF) the news fall right this year. 9p is my first step prediction, we were there a short time ago, so not a huge prediction.. GL anyway. S

Hi all, just catching up with all the chat. Three thoughts come to mind. 1. Reserves: Good to have them in the back pocket, but IMO its the rate of extraction needs to be raised before banks maybe interested. Our share is roughly 30ish from both welch & Arkoma. Yes that could be raised by ESPs’, but that equates to 22k p.a. Better than a poke in the eye with a stick lets say $30 profit a barrel. Still under $1m way below operating costs. So we need that production increase or a promise upgrade, to attract a bank. 2. NTOG references: was in that one a while back and , yes, missed the rocket to outerspace. Their running costs were tiny and it was obvious to all, that pine mills would make the whole company cash positive. It has been since February. Mosman, unless it can guarantee to produce a similar outcome from investment, will struggle to get investment. There are literally hundreds of companies in the shale industry coming back into profitability due to the poo rise. We will have shuffled down the list for capital, especially with the 2x share purchases we made that didn't light the world up. Comparisons with NTOG is therefore, IMO, irrelevant. Our BOD approached banks a while back with our plans. Lets just say they have not jumped at the chance. 3: Time: We have this summer financing gap. Q3/Q4, every month we are loosing money.fact. Yes, it is a better picture, but none-the-less the clock is ticking. JV’s have been dought, but again nothing so far. The summer need for a placing is going to be very “ hot” unless they can secure this oroduction upgrade sooner than the latter part of the year. I have a lot riding on this, but this is still the A.I.M and the BOD still has a lot to do to erradicate the past disappointments, remember any bank will look at the last 7 years book to equate their risk model for the future. Its getting better, but IMO the bank facility is a long shot until production makes us highly likely of being cash positive. Just some thoughts, have a great weekend. S

Yep puta, clearly says “ determination” date is the 12th... S

Hiya, it would be lovely to think we could get a bank facility, but I am yet to be convinced we will. $2m NPV sounds alot, but it isn’t. We loose that every year. The Oz project is way in the distance and needs alot of finance getting it into production. This leaves Arkoma. 33% ish owned, but as they have said the cash stays in the project. The banks will not, IMO, give a loan facility out JUST to prop up the monthly bills. Be an interestingQ2 & Q3, hope we do get a facility, but I wouldn't hold your breath.

Even if it isn’t true, the article may well put pressure on the s.p today, unless the article is refuted by Angus, then we may bounce..... ah the smell of the AIM 1st thing in the morning.... :( S

Yep saw that too, at least the daily 20day moving average has moved up through the 50day. IMO that a possible foundation, need to see volume start to edge up now and we should start to tick up over the next few weeks. Iam not a financial adviser, but seems to be a good entry point to me. It AIM, and its pure speculation, but a few quid in could make some money iver the next few months. We’ll see my average thankfully is 8, so happy days ahead methinks. Keep the Faith. S

Agreed Scally, feed them & they will grow. Starve’em they’ll wither. Just start a new thread after their posts.....simpleez. Enjoy your day in the knowledge that its not if Angus do well, its when. S

Morning, IG is available but for 1.54 !! I am new here took the plunge this morning. GL buying. S

I do hope that was not directed personally at me ??? this is a public board and each is entitled to chip in with thoughts. You may not rate the value of some, but if your not agreed or you don’t think they add anything, then you should not resort to disrespecting replies. If it was to me, I am invested here , disappointed in what I see as a short term softening of the s.p. A.I.M can drive you nuts, so don’t let it....S

IMO if your a LTH with a higher average then it probably wont be you selling today. It will be the short termers...bought at 6ish and taking out profits or the 6p place shareholders making a profit....IMHO it will hold at the 7-8p levels then slide back up awaiting the SCC and other news to finally set a medium term direction. Yes the production news is better news, but there seems to be an overhang on this one. “Once(or thrice) bitten, then its price shy” in my book. Daytrade or bottom draw, takes ya pick...S

Yes, its been a disappointing rise in the s.p. I have not noticed much in the press either. No-one seems to have picked up and run with the news of the triple production increase. PR department in angus would have fed this into the mainstream media???? Wonder if they have gone softly softly due to the upcoming S.C.C meetings? Seemed strange that there seems to be no “fanfare” to this good news. The s.p is therefore pretty much where we were this time last year...:( S

CBS - You little flirty ting you.....” I am gonna walk away, ya’ll never see me again” den just as you eez headin owt da door.... There it is !! The pull of your heart..... For all your slappin this down, I think your in LOVE !!! CBS just can’t live without Mosman ... FACT.... or is it SPARY....???? mmmmm love at midnight. Sweet dreams CBS... sweet dreams.... Mossy will be here in the mornin, just waiting for yer..... ;) S

Morning Sweatysock, yes slighty agree.... If I were John Barr I would be very happy with the direction of travel..... as a P.I its not as good...we dont get paid a salary and our holdings have been greatly diluted, unless you’ve managed to top-slice/ reinvested. Its the funding gap... always has been. Asset sale/ placing/ loan facility... takes ya pick. S