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.
Today folk I want to start by congratulating everyone who is in profit with Mosman Oil & Gas (MSMN). The shares ballooned higher last week, just like a number of Wayne Rooney's shots yesterday. The returns some of you are sitting on are phenomenal so well done
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Comments
Gary Newman
James,
I’ve tried pointing out on the boards that it all comes down to the flow rate they get (or can get using pumps) but most seem to want to ignore that. To be fair there have been a few on the forums who were in at a low price telling people to take profit – they’re now getting abuse as well! Might see it pumped higher as no flow test until all three wells completed!
David
James,
You didn’t forsee the impact an oil discovery RNS would have on people’s buying behaviour. Trying to pass off the fact the share price dropped back 30% to 10p before increasing 500% is laughable. You got it wrong, end of. You’d get more recognition and respect for admiting it.
The risk of them not finding oil was very low given the oil find in a previous drill just 20 metres away. The potential reward was huge given the low market cap.
Now oil has been confirmed as being there, how it flows is the next question, it’ll either make or break the share price now. Given the risk/reward at these prices it’s too risky for me to be exposed now. But that doesn’t matter as I foresaw how an oil discovery RNS would impact on the share price. I think it’s safe to say I called it right, but yet amazingly you said completely the opposite but are also claiming you called it right!
Now onto BMN, after claimed you got that wrong (only AFTER researching may I add – terrible!), how’s that getting on? Looks like you call them wrong whether you research or not! Time to look for a new career I think…