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.

Placement watch – Mosman Oil & Gas, as sure as night follows day...

By Ben Turney

20 June 2014 09:59

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As sure as night follows day, Mosman Oil & Gas (MSMN) conducted a deeply discounted placement this morning, at 23p. If nothing else, the wild run Mosman has been on is another indicator of life returning to the AIM resource sector, for better or worse. On a fundamental basis it is very hard to make a case for owning Mosman, but this is AIM. What the hell do fundamentals matter?

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Comments

Mark

20 June 2014, 17:03

Maybe an advisory of madman, sorry mosman earlier in the week would have been beneficial to some of your readers, any views on FRR’s rise today/the company assets in general? I’m heavily invested in FRR so anything negative let’s just keep it to this feed please ;-)
wildrides

21 June 2014, 13:24

Your comment on the Rose RNS was spot on .

Not only did they march ROSE up the hill only to march right back down to the placing price ….. but then they marched all the way back up again ………..in the same day …….Aim sentiment drivers are back it seems !
Ben Turney

21 June 2014, 15:14

@Mark I’m not familiar with FRR. I’ll take a look

@wildrides indeed, more on that to follow