I hear you Maverick.. I sold most of my small holding at a profit incrementally through the 1p's yesterday and bought some back this morning at 3p and 2.5p ,..oups.. and sold some at 1.8p in panic.. oups again ..
it's all over the place currently and a game of chance.. so who knows what next..
Nice to see some light for those who have suffered here a plenty..
Update this morning caused little original movement .. BUT ...now it surely has..
Maybe it's Murchison farm in hope / rumour or maybe the progress on the recently acquired US assets that's enthusing..
no idea what to do.. so based on past experience I have been selling incrementally into the now serious rally.. but my position was alas only small here .. and is now half the size it was this morning..
If it comes well back off current 2p I'd add some more...
I just bought back a small amount of these as I believe that this strategic alliance will see Mosman get involved in the purchase of some sort of US production/near production asset in the short term and the deal they do - because of local expertise of Blackstone O&G - will be a decent one and the s/p will increase off back.
I 'd say perhaps it's a bit unlucky that this has fallen through too. Or perhaps it was just incompetence in due diligence by Mosman.
There has been a lot of set backs here in recent times and hence my losing my religion.
I'm not tempted to buy back even at sub 1p levels now. (but at some stage in the future I may get back in again)
Ps; For holders here I hope they do get a satisfactory resolution on this purchase in the end. And this does tend to bounce back from time to time for one reason or other (I sat on a decent loss here for a good while and got out in profit in the end... but stocks like this area game of chance.)
Actually, sold out here today after the BOD failed to post the "The Explanatory Memorandum and Proxy Forms are available on the Companys website:" on their website. Too many mistakes from the BOD.
Looking at investing in TATA now Good luck to any remaining holders here.
Some excellent posts from wilfofhewoods on the MSMN LSE BB. Would be good if he could create an account here and enjoy a debate or indeed a mass debate if others join in.
Right off to watch Jamie Oliver now whilst we wait for sign off on the Pine deal.
I've all but sold out of this now at an average of 1.8 ish p. ( turning a good few k loss into a small profit)
I've held this for a long time and have grown to understand it more and, alas, dislike it incrementally more as I went. (I don't dislike it intensely though.. and the investments it has made, not least this Texas oil field, have of course a chance of coming good in time)
As much as I dislike Tom Winnifrith, for once I somewhat agree with him here. However he's wrong a lot and so am I, so who knows.
I hope for the rest of you that it goes way back up.
I might get back involved when there are clearer plans for taking Murchison forward. (or I'd put a small amount back in as a pure punt at 1 ishp if it goes back there)
Every reason to big up this share. Have you not seen the RNS today? Bought into a producing well which will give positive cashflow, and every possibility that they can rework others to give splendid returns. Added twice today and every intention for more in the a.m before the next hike. DYOR and see for yourself what upside still to come. 7p my short term target. GL to all.
and ended up selling 75% of my holding in tranches between 1.5 and 2 p..
Knowing my luck that will have been a very bad idea but including having previously averaging down to build my position bigger than I wanted I was still down 50% before this morning RNS.. and thought this share was getting my dog like as time went by... So I've gotten myself out of a hole and made a small profit and still hold a small position here..
My thoughts in summary about the RNS were good news but how good is it really. But I remember when this was north of 50p so it may well have much more to go up.. I'm still in small and so hope for me and the rest holding here that it does.
I may get back in somewhat in the future too.. not least of it comes off from here
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