Helium is not in itself a bubble. There is no doubt that there is rising demand for the gas. The problem is that there are plenty of deposits of the stuff and the only thing stopping more of it being produced is capital. And that is where a stockmarket bubble comes in.
John Barr founded Mosman Oil & Gas (MSMN) and, alongside Andy Carroll inflicted this abomination on the stockmarket. It was a great penny share pump and promote in the early days The shares are now 0.024p meaning that those who bought at peak ramp just over nine years ago have now lost just a smidgeon under 99.9% of their cash. Today Barr, the executive chairman, has announced he is off as is one long serving gopher, oops I meant NED, John Young.
With the FCA continuing to pretty much ignore market abuse at the lower end of AIM, it has become almost the done thing for some insiders to try and manipulate the price of shares, whilst knowing that an equity fundraise is being worked.
At 3.56 PM on the last trading day before the Easter Break, 34 minutes before no-one is watching O’Clock, Mosman Oil & Gas (MSMN) announced yet another bailout placing as I had predicted HERE just a few days ago. But the statement is all smoke, mirrors and porky pies.
At the top of the results statement covering the six months to December 31, serial dog Mosman Oil & Gas (MSMN) yaks on about how there will be lots of jam, sorry oil, tomorrow. That will please the morons. I doubt they will look at the hard numbers for they are awful and show that this company is already, to all intents and purposes, insolvent. And then there is an explicit warning from Mosman itself….
This is like shooting fish in a barrel. It is such a slam dunk and so easy that my cat could spot it. And best off, SP Angel the fraudster’s favourite Nomad has signed off on the lie. This morning, Mosman Oil & Gas (MSMN) has announced in a semi-literate release drafted by Justine James of Alma PR:
Now I would have published this yesterday, but my internet was rather crap and being sorted. Talking of crap, that brings me onto the matter of Mosman Oil and Gas (MSMN). This company was a cornerstone of my crap quartet this time last year and had a clear place in the Vomit list of shite oil stocks when I reviewed the forthcoming year last Christmas. In my view yesterday’s monumental share price rise just illustrates the full extent of “lockdown gambling culture” combined with total lack of understanding of what the investment case is.
One of my first material engagements with ShareProphets was occasioned by Mosman Oil and Gas (MSMN) back in 2016. Tom Winnifrith reported on a letter sent to the FCA about Mosman telling porkies about contingent resources Mosman did not have - the company had no choice but to fess up as Tom noted here. Yep – I wrote that letter. I monitor what I call my Crap Quartet of stellar oily investment cases and Mosman is a cornerstone member by clear merit.
Two days ago Mosman Oil & Gas (MSMN) , share price at peak ramp 44p, put out its latest meaningless RNS. But it was the pump and I am afraid to say that the City's No 1 oil analyst Zac Phillips and his colleagues at SP Angel played their part....
Private investors often seem to have very short memories, and although many have previously been badly burned by putting money into Mosman Oil and Gas (MSMN), some were flocking back into the company again today, sending its share price rocketing.
