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I tend to agree with that thought process.
WE had a MOU and HOA with Chinese invertors from 2 years ago so there was interest there, it was not fulfilled thereafter due to Covid kicking in, deterring any travel as a delegation from that Chinese company was supposed to come over and review the Data Mosman had, must also say the political situation between China and Oz has discouraged progress of the JV imho. We are still coming out of world wide lockdowns but as others have said with renewed interest in Helium, with what is happening with HE1 and its share price rises and the most recent news with CTP, you can see why some believe Mosman is well under the radar and well undervalued but not hopefully not to much longer (we have a drag with Monecor dumping, but with good RNS's and positive momentum once that is churned we should get moving quicker!).
With latest Placement , permit extension and statements of commitment to Seismics and a future drill, We have a stronger hand and message to put out there, that we are in charge of our permits and we are going to progress them.
GLA
Good finds soulac.
That might put some wind in the sails of the share price . Those sitting on the fence hoping for mosman demise to take the permit need to think again,
Mosman doing seismics, possible jv partner waiting to come into the game with money behind it for a drill and mosman keeping a decent percentage share in ep145, more advanced than epa155 so would be more attractive to Georgina to get returns sooner.
Speculation at this point but shows Georgina energy coming to the table for all those saying what the jv partner for epa155 were doing!
Gla
37.5 million shares exercised. The only notable thing for me is timing of this.
Hopefully we should be hearing soon about Greater Stanley Duff-2 re-completion, from memory from starting the work to initial reporting of doing a recompletion from previous Stanley RNS's, it takes 4-5 weeks to report progress , we are in that time frame now, so fingers crossed for an RNS next week, and it has went for us for a change!
GLA
Perhaps a bit of research would not go a miss, trust me another year extension of permit is a good thing for ep145, and if you read the rns we are progressing it by doing the seismic and have til August 2022 to complete that , which we will do, and thus takes upto august 2023 to complete a drill, hopefully with Santos and CTP doing a drill next door scheduled for 2022 should attract enough interest to get a jv partner , though the bod stated goal currently is to do our own drill, but that might change in 2022!
You must try harder if you are attempting a deramp on this news or is it just naivety and lack of research.
Gla
Extension granted, something to be happy about Wolfie, LOL
GLA
5Million block builder buying strongly at this level, should move up , perhaps end the day even , let's see.
GLA
This so more than a one trip pony, Greater Stanley Results must be due around now, short terms traders chasing another rainbow may regret the quick out here on the face of it positive news in Oz, It would be difficult for the NT govt not to grant the extension for this year work, when Mosman can present their plans and financial commitments, applying for the grant also to do the work shows willing and commitment and helps us out.
Roll on the next news.
GLA
Good to see you turn up on a rise karter , the point is a lot of people on Aim complain about the BOD of their share when things are on the down, perhaps their style or for trading.
Let's hope the rise continues, if we get to the magical 1p being spouted just now, would that make them the best BOD ever.
We all have out opinions but as we all know it depends on sentiment and what direction the share price is going,
especially on AIM.
It would be good if you posted something else other than the same one liner of the BOD must go.
GLA
50 percent increase in share price in a week, and guess what its the same BOD ,
funny how some posters don't turn up when the SP is rising.
I know the conversation is focused about Helium just now but we are also due news on Greater Stanley numbers in the US and Falcon-1 coming back on line soon hopefully.
Nice to see Volumes pick up massively here, all good from my point of view.
GLA
Hi guys ,
Just catching up on posts,
Some people asking. Where a a million has gone.
I am aware of falcon costing 600k usd , buying into permits and additional percentage share in permits.
I think they are paying Baja a consultancy fee reading between the lines to operate things In the USA, as they cannot travel.
their fees also I guess .
I said before I think burn rate is currently 100k pounds a month, so really need falcon back on line maybe a recompletion will produce more to catch up on what we have lost.
A lot of trading in the last Couple of days , which is good to Churn the last placement , so would not knock that Like Burke and hare posting again negatively .
Wolfie you really are the most pessimistic person , crack a smile and make your a@se jealous (banter!) karter change the record son you continually post the same guff.
If our jv partner can progress epa155 and mosman
Ep145 thats all good ,wolfie we were debating the permit last year surprised you did not realise we had it til 2023 , and we are clearly satisfying the terms of it, north territory government support requested us to go to China, I said before I don’t think they are happy with Santos! And would promote other Oz companies to progress and support their permits .
Gla hopefully good news to come on greater Stanley and falcon recompletion ,
Cmon the bod and mosman time to support not negate.
Gla
A lot to take in , will read through again later but highlights for me
Positive
"Today, the Company is well funded with a cash balance of AUD3.5 million as at the end of March 2021 and has an aggressive exploration and development plan on its existing projects for the remainder of 2021 that are expected to benefit from the recovery in energy prices and the economy while continuing to evaluate new acquisition opportunities that fit its investment criteria."
That's circa £2 Million pounds in the bank, looks like roughly burn rate at 100K a month, need Falcon-1 back on line ASAP producing, get our bopd up from 40 current at the Stanleys with Greater Stanley due to come in any time with figures for initial rates and then steady rates thereafter , hope we get that soon. Would be good to hear also of a Stanley-5 to boost the numbers.
Funded for Future Drills in US and our Big promise in EP145 to do the seismics to retain our permit there.
Negatives
Arkoma continues to be very poor , hopefully with oil prices going up we can get rid at a decent price sometime in the future, but on current figures would not hold your breathe on that one.
Hopefully news can now flow with current and future prospects.
GLA
Good start to the week with a positive rns , work over started be good to see the numbers relatively low cost for a 40 percent return, with the Stanley wells it is how much is the question not if.
Gla
If someone is buying 33.3 million shares someone is selling them . Third week in a row expecting a Tr-1 monecor selling rns on Friday , though last week it w as only 10 million shares sold. It would be good to see a falcon 1 back on line rns to get more volume to churn the last placement shares.
Gla
LOL
MM's started trading again at 9:41 obviously had fallen asleep until I hit them with a stick, a little up tick on share price as well compared to the range last night (if you ignore the UT trade!).
GLA
A couple of quick observations,
Firstly why would Casper and Afzal pump it just now when they can go quiet and accumulate at this level?
Secondly always going to NT just now when I put in a Dummy buy?
Very low volume of trades this morning in comparison to other days activities, Are the MM's stalling trading?
The only reason why we are down 10% is because of the UT trade last night at 0.165p, we were in this current range up until that point.
Next News should be around the re-work in Greater Stanley, and Getting Falcon-1 back on-line, perhaps they want to get Falcon fully operational again before doing Galaxie or Cinnabar, you know Momentum thing.
Understandably sentiment low at the moment with lack of news and progress.
Next RNS news flow needs to give the Share price a kick up the jacksey.
GLA
Yes steakpie take your point,
but remember the JV is with our man Howard ( who did the heavy lifting of getting the drill organised and overseen the drilling etc with a lot of skin in that drill) , baja (the operator) and our strategic partner and a low percentage 4th party (whose name currently escapes me).
Every day we are not producing is hurting us all, so big motivations for all to resolve this ASAP .
Gla
Touché
Well let’s see , one of us will be wrong, one of us will be right or will we meet in the middle ?
One thing I will agree wholeheartedly with you is that actions speak louder than words and the bod need to deliver now! No more filibustering , the Burke and hare reference was a bit of banter because you and karter keep digging up the skeletons of the past promises not delivered to be fair .
I sincerely hope the bod start news flows from here with positive momentum, Falcon-1 coming back from the dead and greater Stanley rising with more oil, hopefully get to yours and karter average then you may have a decision to make , do you carry on with your original investment decisions, or wipe your nose and move on , either way it would have been emotional lol.
Ps I will stop with the Burke and Hare references now.
Gla
100 million traded yesterday would think Monecor had ample opportunity to offload some yesterday, wonder if we will see another Tr-1 today to see what percentage they now hold.
Usual posts from our now resident Burke and Hare ,
Now turn up as a pair posting after each other , you would think yesterday was a bad RNS which of course it wasn’t with us increasing permit share of Greater Stanley and looking to resolve out Falcon at only usd 20,000 to a higher zone, perhaps that on recompletion to the higher zone we get more oil and gas would that pacify them ? I doubt that.
Plan to increase current oil production from greater Stanley with now 40 percent share on recompletion to a previous known producing zone.
They also have galaxie to work on and get on with in Q2,Q3, as well as Stanley-5 to come as well as progressing ep145 in Oz doing the seismic to retain the right to our permit.
Hopefully epa155 gets progressed also, some people forget Oz was lockdowned for most of the last year with nothing progressing.
We know Burke and Hare will continually try to murder the bod, the share price and their own investment apparently, there posting style I guess, for my part I remain positive and will review the bod and Mosman report card at the end of the year.
The bod need to deliver this year and we all need to breathe , be patient and let them do their jobs.
Should be constant news flow in the next two quarters with us progressing on multiple fronts,
Volume days like yesterday should eventually cover off monecor selling their shares to get to the point the share is trading without constraints , then good news should release the share without the monecor monkey offloading into it.
All imho
Gla
Falcon sounds more hopeful also , 20,000 usd work over cost at a higher zone, not as bad as it could have been apart from the Non producing cost of the actual oil and gas , hopefully they have now a forward plan and can sort this out in the short term .
Time to get a move on now with the greater Stanley and falcon work overs.
Gla
Well we are up just now, greater Stanley upto 40 percent