Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Mosman Oil & Gas; same old disclosure problems

By Ben Turney

15 September 2015 05:41

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After last year’s highly selective reporting of its New Zealand oil “discoveries” (which didn’t turn out to be commercial), the board of Mosman Oil & Gas (MSMN) is back up to its old tricks. If you don’t read today’s RNS carefully enough, you’d be forgiven for thinking that the STEP Royalty is a cracking bit of business. The market has clearly fallen for the spin, with Mosman’s share price up 21% at 7.875p, last seen. Once again sentiment traders have blindly piled into a stock, which stands little to no chance of ever delivering shareholders a fundamental return. Here’s why.

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Comments

alcira16247

15 September 2015, 06:25

Ben

First class piece of analysis…… this company fully deserves the attention of the ShareProphets team.

Mosman, over the last few weeks has been hyped to death on the BB’s with “news” of this so called “transformational” deal, as the ‘clever boys” got in early at sub 2.5 pence and continually ramped…… now quoting crazy valuations in trying to ramp the share past the 10 pence mark!

Going to be a lot of burnt fingers on this one…… cos, of course, BB investors don’t do any research, let alone have the intelligent to read ShareProphets!
Daz

15 September 2015, 06:27

Ben would prefer to be in MSMN than most of the tripe you have plugged this last few months.
Ben Turney

15 September 2015, 06:44

@alcira – there is an argument for this being a sentiment trade on stupidity, but it isn’t one I’d touch at this level. When it was down at 2.5p, possibly, but it is now overcooked. Won’t stop people from tucking in, however.

@Daz – fair enough, good luck.
turbograndad

15 September 2015, 06:53

Daz, enjoy poverty.
VINES

15 September 2015, 08:20

nah this ones alright, they placed at 1.75p and its now 8p, thats fair play