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I don't think it is Monecor dumping, They had 555 Million shares as part of last placement at 0.15p, some other parties had the other Billion shares, I think whomever they were! they have made enough above 0.15p through time when SP was above 0.18p for a good while and now happy to sell below the price they paid originally at 0.15p.
The evidence to date on Monecor is if it goes below 0.15p they have been Buying to get the share price back up! See RNS for proof of that.
The billion shares have been getting churned over the last six months. The hope here is by the time we get substantive news on oil and gas numbers and the helium survey results, there is not much left to sell and with high volume they will be blown away finally. Then like an elastic band being held and held its let go and then whoosh and we are away as we deserve to do on good results on drilling our wells!!!.
GLA our time is very very soon chin up vbeckers they can't hold it back forever!!!
Gas up over 12 percent currently oil at circa 84 dollars we are profitable for the Stanley’s in the teens with Stanley 5 about to drilled.
About time this share reflected what has been discussed as fair value becoming a total joke here cmon the bod let’s get the numbers for winters -2 and blow this sp out the water , helium survey results due also, can’t keep this down forevermore MMS really hope you burnt big time!!
Gla
Good news going straight to STanley-2, wasn't expecting news on that until after Winters-2 had been run and initial results verified, good they seem confident enough to announce moving the rig quickly on!!
Remember although we to date have not drilled 4 Wells, WE would within this month/next month drilled two and bought over Nadsoilco for a consideration of $1.1 Million dollars to increase our percentages of production to 20% more than what we had thus increasing Production by acquisition, On good results the production increases and surely the share price will match it. We then have a new potential 'pot' of money if needed at 0.25p (with Warrants) and above once Monecor have cleared out their current position at 0.15p, That is on USA alone, the big money is in OZ and that is progressing nicely too with Survey results due anytime, looks like a lot of news and momentum to come leading up to Christmas.
GLA
Perhaps you should get some sleep sharetime43
Looks very suspicious spurious posts on multiple boards almost for 21 hours constant now , aim is full of risk it’s not worth obsessing about not good for your well being .
Hoping for news this week be good to get a positive result in winters-2, or Oz results should put us in a good run into Christmas , defo looking for more than selection boxes this year
Gla
NT to buy perhaps the mms are on their second round of toast still keeping same range even though last buy was over 0.15p, news soon that might make them spill their coffee.
Gla
29th sept RNS states 7000 feet,
Seems we have spudded and at 1500 feet last comm
So perhaps by this time next week we would have hit the target depth, and be running to get initial rates.
Gla would expect more interest from here with short termers taking positions .
For long termers a successful well takes us closer to being corporate profitable and apart from future warrant executions should put us on a better footing, that’s on USA alone, where the share price goes on Oz good news who knows.
Totally, Gas approaching $6, wti oil price approaching $80, valued the same this time last year with oil price in mid-30's and
Gas prices in the $2 range. Winters well 2 if all goes well gives us circa 50 bopd (1.3 Million gross p.a based on 320 days uptime!)
on that one well alone , let alone everything else we've got producing oil and gas and including incoming Oz survey results that could be huge.
Monecor seemingly won't let it go under 0.15 for long , what's not to take a punt on when you consider risk and reward,
as always DYOR.
GLA
Yip been waiting for TR-1 RNS's for a while now and 3 come all at once.
A couple of highlights as you can trawl through the RNS's to work out what has been happening with Monecor.
Started with the Placing in March of 1.5 billion shares which Monecor took up 555,196,968 of them as declared 26/3/2021.
on the 09/07/2021 RNS yesterday strange timing? they actually increased their share from 362,663,636 to 419,413,636 unusual for a company that is apparently 'dumping it all!' however when you consider the share price dipped under 0.15 it could be Monecor decided to buy more to ensure it lifted the share price back above 0.15 imho open to debate and different views on that move no doubt, but interesting none the less.
As of 20/09/2021 they declared a holding of 334,446,970, thus between March and September 6 months they have dumped
220,749,998, so at a rate of circa 37 million a month (though there was that lull where they bought instead of selling but averaging it out).
What they do from here? who knows , perhaps they will stay steady and offload circa 40 million a month as long as it is clearly over 0.15p (said many times who wants to sell at a Loss!), or on news days and high volumes they can offload a bulk more, and there should be plenty news flows to come. I am hoping the later gest them cleared quicker and this share will move some.
GLA and fingers crossed for some cracking RNS's to come.
Great to hear the news today equipment arriving at Winters-2 site and spud in a couple of days.
Stanley-5 should start soon also, if LTH remember the first Stanley Well drilled found a huge amount of Gas, which at the time with the low Gas prices was re-completed to a more oil producing zone, I wonder if Andy will revisit that original zone with Stanley-5 might be more economically attractive now with current gas prices and its continued expected rises.
Newbies or short-termers wanting to research this you need to back to RNS's 3 years ago about the first stanley well, but it should be in the minds of John and Andy now they have more of a say with the Stanley's.
GLA exciting times ahead still at an incredibly low SP!
Two new drills coming Stanley-5 and Winters-2 this Qtr, prior to that they increased their Share in the Stanleys' no new drills as such but increased production by acquisition. Let's see what happens with these drills and see the next Production figures I am hoping with current oil and gas prices it blows the SP out the water, which is about time for all the LTH here!
GLA
Love it when it is obvious a few people get caught out with a quick rise, 20Million at 0.19 to dump Karter my A*se!
trying to deramp before you even get to your target that takes the biscuit!!
LOL
Yip and there was 10 million more buys just before it if you look around that 10 Million buy,
MM's bringing it down quickly to try and shake a few to gather, I reckon they are beginning to run low.
Hold for now , news will be soon , defo games being played today ahead of news.
GLA
Dunno what the MM's are playing at I just did a dummy buy and sell to see the price differential, both are at 0.175p yet the stated spread is 0.17-0.175p Who are they try to kid?
GLA
Yip looking good, price of Gas and oil charging on as has Mosman's share price in the last couple of trading days, long may it continue, Hopefully RNS soon !!!
GLA
Good day, nice lot of blue with not a lot of REDs holding it back, PRice of gas up 7.5% currently at 4.9 heading towards 5 and Oil wti heading back into the 70's, get those drills in the ground boys, at these prices we should shift some on any increase in Production figures!
GLA
The power of Google compels YOU!
https://charlesstreetsecurities.co.uk/Resources/Georgina1.pdf
A lot of detailed info on epa155 which is ours which Georgina Energy is our JV Partner, and are keen to get this moving looking at their prospectus.
In there it mentions .. Major Shareholders
Primary Index LSE
Next Key Announcement IPO Q3 2021
I think another posted mentioned September 2021 a while back can't remember who, Depends what you interpret Q3 to mean different Calendar Year ends for different companies etc, in my Head Q3 is July, August, September, Q4 would be October , November , December .
GLA
Nice to see a bit of blue! Falcon we now have 75% ownership there and 75% of the production mostly Gas, just checked and the gas prices has almost risen 100% in a year sitting at 4.6 ish currently, Oil heading back to $70 wti, increased share in Stanley's and taken ownership of Nadsoilco, circa 29% Winters Well-2 , drilling imminent just waiting for Drill Crew (Covid permitting, seems to have been the delay!), Stanley-5 thereafter to increase what we produce.
Oz Survey Analysis results hopefully incoming too Georgina Energy IPO this month I beleive and that should kickstart work on epa155 (We have a free carry there) so that should create a buzz, still cannot believe we are down here, but we are!
GLA
Looks like it is moving up again, hopefully not another false dawn where it begins to move and and then sells tag it back.
Couple of things, the Sellers have got to run out sometime, where is that TR-1 from Monecor?
Winters Well news should be due soon surely been over a month now , surely news the drill in the ground would be welcome enough! Oil and gas prices fluctating but been in the 60's and 70's and STanley we are told is profitable with oil prices in the teens! Analysis of the Survey done in OZ , news on that would be welcome, We have increased percentage of leases and taken over Nadsoilco with increased production numbers. None of this imho is reflected in the share price, Feels like a catapult here being held and held but next big news , whoosh!!! and Gone. Well thats the hope anyway and without substantive news next to let us go, then that is what it is a HOPE!
GLA
PS I am going to change recommendation back to buy now this is a silly sp in my opinion.
Yip , could not agree more with that sentiment, need some news to kick start this again.
Drills in ground, More production uplift figures, something to create a spark here.
My only thoughts about the timing of the IPO is perhaps Market conditions are more favourable now with what Helium One got to with their share price recently etc, Certainly that alone should kick this SP into touch when they start work on our permit (free carry for Mosman!), not that anyone is probably interested but I did buy more at 0.1384 total bargain imho. Hopefully soon the good times will role, always hopeful.
GLA
Indications are forward momentum looking good, but we need those drills in the ground and numbers communicated therein.
The other big thing for me is a TR-1 from Monecor, been a while since they last communicated one, so we can get a sense of what they are still sitting on, I am guessing given recent stock selling that the Warrant seller who was gifted 77.5 million at 0.15 would have cleared by now, no profit recently with sells under 0.15p , but how much have Monecor dumped?
So much potential and news to come, let's hope it is substantive next and gets this share price moving in the right direction for all invested here.
GLA