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Large buy popped up at the end. Nothing has changed today got a good top up today as well. Bit surprised i got it. I thought yesterday at 14 was a steal to have more at 13p truly surprised well done to those selling or panicking this is fear currently... RP would not be wasting his time buying more ground if this was poor.. Terra search will have a good idea already as to what is down there they continue to drill until mineralisation stops now that alone says something that ftom the same area they can potentially get hold from shallow ends to all the way to the deep end.. Next RNS will prove what further drilling has proved up.
100k buys going through someone mopping them up on the low.. News can come anytime here like the RNS that came today.. Back to 15p and then march onwards back to the 18s again for another test.. Of it before going on towards the 20p plus mark.
Key here is we are all investing in the potential.. If the potential was realised this would be either way north in the pounds or rock bottom.. It's called high risk high reward for a reason. The reality of it is while we can see millions of miles above we can barely see what's beneath our feet.. For 30% ggo mcao went to 1.4 billion and there shares in issue are at 5 billion plus compared to 173 million.. Come above 20p the warrant holders can excercise the warrants or lose them after 7 days.. We get more money to prove the 3km by 1km area we have.. The more we prove the more value we get. It's the potential at the end of the day.
Henry hub 9.24 dollars 3x as much as last year.. Aa per the video interview jb said the geologist believe its not a reservoir issue but a down hole issue somewhere.. It would make economic sense to do Falcon work as well as gas prices will only go up by the time winter arrives.
RNS 20th May 2021 The placing was at 14p with warrants at 20p...1 share to 2 warrants. Shares placed 10 million at 14p Warrants equals 20 million * 20p = £4 million and the accelerator clause..
The warrants have an accelerator clause whereby in the event that the ordinary shares of the Company close above 20 pence per share for 5 trading days during any ten day trading period then the Company has the right to require warrant holders to exercise all warrants held by them within 7 days. Any warrants not exercised when so required by the Company will automatically expire at the end of the 7 day period.
Hope it clarifies the funding issue. This will no doubt be 20p soon on anticipation of results and depending on results the world is your oyster
John W Barr, Mosman's chairman, explains that while happy with the strong rise in net output last year, he is still 'not satisfied' with the progress.
The above statement summarises my sentiment towards Mosman from the horses mouth. First time openly admitted in an interview that things could be better.. While I understand challenges are sometimes unforseen but the overall path to corporate profitability should by now have been achieved.. Being profitable in the US allows further work in Australia.. The ultimate goal for the company. At £3 Millon mcap market is not even considering US Stanley project let alone other projects.. And £0 for Aus potential. The proof is in the pudding... Cinnibar is deeper as well and we own a good chunk of it as well. Similar hype was given for Falcon and the subsequent proactive news meeting talking about subsequent drills etc this time let's wait to hear it first.. As ever it is exciting we should be 0.49 as of jan last year 2 placing later even at 0.3 would be awesome but for now let's get out of our lowest lows.
John W Barr, Chairman:
"Mosman is pleased to report a significant uplift in annual net production, delivering on the strategic plan to increase production.”
Tweet.. Heard it many times over the last couple of years increases after increases depends on which qtr or hakf year they compare to.. And they are always on plan strategically as well yet cash at the end of June was only £1.381 million of which £1 million was from the placing.. So all the increases and yet we still cannot sustain our selves with record oil and gas prices as well. Market clearly does not like JB. Didn't even move a percentage yesterday or today.
ExxonMobil Chevron.. JB where is our record of 'Profits'? We should get last qtr updates plus 6 months update soon plus Falcon update as Henry hub prices are strong as wel. Confirmed dates of Cinnabar drill in September.. Hope they built the road already as that will surely delay the drill or cut down the trees. Any miracle wil do currently.
Fully agree it's the potential we are investing in here.. We are 3.4 x bigger than ggp area.. We have encouraging visible gold. We only have 173 million shares in issue I'm surprised this has not moved big time yet today or maybe investors are looking to ensure this is stable before taking a big chunk everyone wants a cheap entry.. I was hoping to cross 14p today at minimum.. Heading towards 18p and possibly pass 20p by the end of the week. If the potential was realised and planning permission granted then this would be way over a pound.. Time to prove up how much is down the gold is definitely there now that de risks us now.. Pics show Clearly there is gold.
Encouraging Visual Drilling Results at Red Setter Project.. What more do investors want i do not think RP could have given us any other words at this stage.. We are now up 25.58% this should double today.. The sell on news and 10%,20% should have gone by now and on to the next set of holders who want real returns.. Newscrest will be looking at our cores with binoculars as well.. Diamond cut 2 on the way as well. Min 20p this week. Money will go from the inpatient to the patient
Long term a year why not but that all depends on the number of shares in issue. Currently we got 172 million. 5.50 is £964 mcap.. Ggp went to £1.4 billion as a high and there value of gold increased.. Our red setter is in a much larger area compared to ggp we own 100% of it as well. So once we hear first signs of gold then anything ia possible with this share...newscrest will aim for taking us oyt5as early as possible here.. The more we prove the higher the value. RP confirmed diamond drilling as well. I believe tomorrow next week we are moving up. Towards 14p then towards 18p
Aud 2.4 million equals £1.381 million and that includes the placing of £1.1 million before expenses .so they only had about £381k only plus maybe the revenue of June to add.. Even with the best q1 qtr we are just keeping our heads above water here.. Jv deal is the only thing good here might get an additional USD 600k £496k on success.. September as expected most likely for drill.. Will not be surprised if it gets delayed or if we have a few extra trees to knock-down. With record prices don't think we are making record profits. There is no organic growth always need a placing for a drill.. Just check the last couple of years of RNS.. Ford you sound like jbs crony here.. Trying to put a positive light of share to attract new investors and jump the ship..i still hold a very large holding here. Good updates but its like the girl who cried wolf marker ain't interested i wonder why???
Just explain the price Ford. There are large sells daily currently. Why do you think we are here touching the 52 week low yesterday. Price went from 0.13 to 0.08 to 0.05 more than 50% down and yet the last 6 months are suppose to be the best in mosman history and record oil and gas prices.. What we say here we know does not impact the sp either.
It sp angel last year jan i believe 0.48 target price, since then we've had 2 placing so even its half that at 0.24 we are under valued.. Market just does not have the confidence with jb at the helm.. Sp is tanked again reached our 52 week low as well today.. Bod need to give one of the best 6 months figures as the price of oil and gas has been the highest I've seen. They should have done 2 drills this year instead they wasted time doing workovers of and one drill for next month or September.. And that will be the year done and 9 months of salary being paid for little or no work.. July presentation have not done anything.. Nothing new in the info either.. Aus helium being banging about it whst are they doing currently there.. Waiting for a miracle to happen.
One of the Bod from there is from Central Petroleum or Santos who is key to the success of GE and subsequently Mosman. Hopefully GE and mosman announce an IPO date soon. They need it done by end of July. Hopefully that should trigger of a run in the Aussie permits as well. No update on Falcon hopefully the issues are resolved there or if we run out of gas. Should receive update on the last qtr and 6 month update
Let's wait and see for the drill yet. It's currently Aug/September it could easily go to September / October.. They said the same about Falcon andy carroll if you listen to that pro active video he was very confident it ended up having mostly gas.. On the video he mentioned we will quickly move onto f2 and f3.. We all know what happened then. It's good to be optimistic but in mosman let's wait for it as they always build a hype around a new drill site and then it all goes dud.
PESGB/SEAPEX - Asia Pacific E&P Conference in London on 29-30 June 2022 - Proactive One2One Investor Forum at The Chesterfield Hotel in Mayfair on 6 July 2022 so there doing one today and tomorrow and one next week Saturday 6th July.