Mosman Oil And Gas Share Discussion Threads

[spary1] 10/9/2020 21:08

Ps is this the only share you’re interested in or do you use other ID for other shares ?

All seems very odd you spend so much time here and also checking posts on LSE?

Ah the reason for the private network you hide behind

[bulgarian] 10/9/2020 20:40

more fairy tales to deflect, no doubt.

[spary1] 10/9/2020 15:59

Zzzzz Bulgarian244, please tell everyone why you have trolled here for years trying to undermine at every turn? Yet here you are still trolling away zzzzz

No thought for LTH, what sort of person are you ?

Yep your right time for me to get onto Admin and have your richteex ID removed
Guffaw or was it comedy gold 🤪

[244dk] 10/9/2020 15:50

While you were ramping this all the way down from 30p+ to 0.04p spary, what was your agenda?
Those who bought in at historically low sp's will obviously be quids in and laughing all the way to the bank but what about everyone else when you, carla and others were encouraging them to buy?

[bulgarian] 10/9/2020 15:44

Poor old Sparrow,

Found out here, there and everywhere.

Looks like another LSE ID about to go pop.

[244dk] 10/9/2020 14:48

Include the potential of a further 200,000,000 at an exercise price of 0.23p

I hasten to add they might never be exercised but the potential is there for it to happen.

[bulgarian] 10/9/2020 14:44

244dk,

If as you say there are 500M warrants (or perhaps now closer to 450M) @ 0.15, then these are obviously becoming of more interest to those in possession.

Unlike those at 5p from years ago which are obviously so far underwater as to be forgotten about.

the warrant holders have the benefit of not having to risk any capital at this stage, unlike the mug punters.

If the commercial reality turns out to be far from the hype (that's never happened before has it? GUFFAW) then they have lost nothing.

[244dk] 10/9/2020 14:34

You're right Bulgarian, I don't remember warrants ever being exercised but then again the share price being where it is, is it any wonder?

[bulgarian] 10/9/2020 14:17

It is just that potential dilution. at this stage it's impossible to assess what gets taken up. From memory, the one the other day was the first ever, and those guys probably flipped for a quick %.

Whoever they were? ;-)

[244dk] 10/9/2020 13:58

Bloody hello, just shows how people (I include spary in that) don't understand how some warrants work and the potential further dilution of shareholders funds. Duh!

[bulgarian] 10/9/2020 11:52

Talais / Soulac,

That must be one of the contenders for the 2020 BB Moron Statement of the Bleedin' Obvious Award..

;-)

[244dk] 10/9/2020 11:24

5p that's dreamland lol!

[talais] 10/9/2020 11:04

These will be cancelled next month RNS Number : 9696DMosman Oil and Gas Limited30 October 201530 October 2015Mosman Oil and Gas Limited("Mosman" or the "Company")Update on STEP AcquisitionGBP1.47m Financing with US Institutional InvestorsMosman Oil and Gas Limited (AIM: MSMN), the New Zealand and Australia focussed oil exploration and development company, is pleased to provide an update on progress on the South Taranaki Energy Project ('STEP') in New Zealand along with an announcement of a GBP1.47 million financing with US institutional investors.As outlined previously, Mosman has completed a strategic review on the STEP assets and identified 12 low cost value add projects that can be accelerated to increase production. The operations team continues preparation for drilling at Murchison, and will now start to identify and purchase long lead items.The opportunity for Mosman to raise funds arose and it has entered into agreements with US institutional investors for the placement ("Placement") of 36,822,466 new ordinary shares ("New Ordinary Shares") at 4.00p per share. Additionally, for every two shares issued, the institutional investors will also be granted one warrant which may be converted on or before the five year anniversary of the issuance date into new ordinary shares at a price of 5.00 pence per share. The gross proceeds to Mosman from the sale of the ordinary shares and warrants will be GBP1.47 million (before expenses).Rodman & Renshaw, a unit of H.C. Wainwright & Co., acted as the exclusive placement agent for the Placement. Kariba Capital, a division of Trump Securities Securities, LLC, acted as US financial adviser to Mosman for the Placements.

[244dk] 10/9/2020 10:53

There seem to be lots of warrants still to be exercised. Some at 0.15p and others at 0.23p. Unless I've misinterpreted the RNS from early july from the placing where 500,000,000 new shares were issued alongside 1 warrant exerciseable at 0.15p. I've not read anything to the contrary but obviously I'm open to being corrected.

[bulgarian] 10/9/2020 10:32

244dk,

Are you sure that there are 500m warrants still available for conversion?

And at what price? Obviously the recent conversion is just a quick flip for a quick %.