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MOS - Mosaic Oil

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Thanks Maltese Bull. Well, I'm not into self back patting but it seems like the Chairman has resigned today over a difference of opinion with the Board! Perhaps the directors read Aussie Stock Forums!! Will hold, but still think the market cap is too high for the financial results. Surely the market is placing a huge premium on future exploration results?
 
Brokers that know Mosaic remain positive. Value's evidently in the future prospects. Risky but well worth holding. Its just not possible to say whether its "ready to run". Patience in mining and oil sotcks is vital.
 
Another director resigned today. (Refer company announcements). More shakeup ? There's hope yet.
 
Here's hoping for a positive result from the Churchie West - 1 drilling currently being undertaken.

I think the market are also valuing some of Mosaic's more valuable assets. Such as its share in the Hurricane well (6%). Estimated reserves of 80m BO in place. Due to be drilled early next year. Then there is also its share in PNG around 28% in 1TCF of gas. Not to mention its other prospects in churchie & waggamba.

With current production levels and sales contracts in place and no debt, Mos only need some moderate success on the exploration path to start to show share price growth. Farm outs have limited the costs of this exploration and at a Mark Cap of around $77m the eralier takeover talk that was imminent can't be far away again.

I own shares in MOS and intend on holding. As always do your own research.

Happy investing.
 


Hi folks,


MOS ..... brought in Churchie West-1 today, with a
50 metre payzone flowing at 3.5 mmcfd and 118psi,
through a 1 inch choke ..... nice work guys !~!

MOS holds 83 % in this field .....

happy days

yogi

P.S. ..... holding MOS.

 
Surprisingly the market has not overly reacted to the positive news at Churchie West 1.

As Yogi in Oz reported I would have thought a payzone of 50 metres and good stabilized gas flows would have pushed this higher. After going from 16c to 17c it has dropped back to its pre-open price of 16c.

With substanially improved oil flows from workover on its oil wells last quarter and positive results from Downlands 1 and now Churchie West i think the shares are exceptional value.

Can't afford to buy anymore though. I am sitting on quite a bundle.

We will wait to see where this one goes, but it is looking good so far.

Alien
 


Hi folks,

MOS ... chart is looking a lot better now ... but,
will wait for some good news before re-entering
this one ... took a marginal profit in November,
when MOS failed to perform as expected.

Looking ahead, 12122006-12012007 brings a period
of positive underlying sentiment and may bring
some news of hi-tech developments being used (???)

At the same time, that same period is likely to
be quite volatile, as there's several major
negative cycles coming into play, as well:

04122006 ... minor and difficult cycle here

15-18122006 ... minor and difficult cycle

20122006 ... significant and negative - finances???

22122006 ... minor and difficult cycle

02012007 ... negative spotlight on MOS

04012007 ... significant and negative news expected.

12-15012007 ... minor and difficult cycle

16-19012007 ... BIG reaction.

22012007 ... minor and difficult cycle

01022007 ... 2 cycles - significant and negative.

06022007 ... significant and positive - finances???

13-15022007 ... positive news expected here ...

02-05032007 ... 2 cycles positive spotlight on MOS,
offset by negative finances(???)

13032007 ... minor and difficult cycle

27032007 ... significant and positive - finances???

29032007 ... significant and positive news expected.

02042007 ... negative spotlight on MOS


..... as promising as MOS chart is looking now, this
stock continues to trade in a very flat trading range,
so not expecting anything spectacular, right now.

Watching MOS.

happy days

yogi



=====
 
Market turnover of just under 3,000,000 shares today and buyer depth is starting to dwindle. Closed at 15c.

I think with limited ann this could drift lower. A lot of prospects coming around in Feb/Mar with some drilling occurring.

Could be some value purchasing around the 14c mark over the next couple of months.
 
I have noticed increased volume for Mosaic Oil over the last week. They have held steady even with a falling Oil price.

Somebody seems to be snapping up these shares at 15.5c and then selling a small parcel at 15c at the close of trading. Over 4.2 million volume so far today and 3m plus last yesterday which is substantially more than usual.
 
They have just gobbled up the remaining 16c sell side. Now 6.2m volume.

Something is brewing....
 
On close 17c sell side have been bought. Volume over 10 million now. Up over 13% for the day.

Tomorrow will be interesting.
 
Good to see some movement in this one at last. MOS is one of my "DOGS".I can not work out why it has held at the low price it has for so long.They have good assets in their gas processing facilities and proven gas supplies. They have an income stream. Westpac give them an intrinsic valuation of 20c. There has been speculation of takeover offers in the recent past. With today's trading and price movement I suspect that this may be in the wind again. I also believe it is well under value and this is the reason I have held for so long. Hopefully it is about to lose it's dog tag.
 
Good chart after little movement. I hope day 2 is better than WMT's.
 

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There were 3 Buy orders each for 1million shares at 17c, 16.5 & 16c respectively that have now gone, leaving the buy side with little support.

Tomorrow will be interesting to see if they re-enter during the day. I think they may be looking to accumulate more on fallback and waiting for sell orders to fill up. Whoever they are??

Can we expect an ASX speeding ticket to be issued on the increased volumes and share price. That may shed some light at least to determine if MOS board are aware of anything.

Holding plenty and hoping
 
I used to hold MOS for more than 2 years but got fed up with a stock that did nothing and paid no dividends! So took a loss last year and bought pdn, good move. But still like to check it occasionally and I see a "buyout" thread on HotCopper that MOS is under takeover consideration viz 21/1/07 'solicitors preparing documents for takeover by oilsearch at 25cents. Announcement expected in about amonth" (sic) and 23/1/2007 "takeover news leaked by solicitors staff. Volume today speaks volume. I see a runup to 25c tomorrow. Takeover offer too low. This stock is worth at least 40cents. Daytraders will be all over this one tomorrow. Institutions have been slowly accumulating at 14/15 cents" by oneata - no substantiation or references and do your own research, etc etc.
 
Cooper Energy has become a substantial holder.

Thoughts for both companies????
 
Not exactly the news i was looking for with COE buying a stake in MOS. Was hoping the rumour of OSH would be true.

Even with the news the stock went as low as 15.5c today but still large support up to 16.5c were it closed with good volume.

Maybe we have not heard the last of this yet....
 
Here's a chart ... ordinarily I'd be very excited at the way this one moved diring the week. However the lack of follow through today leaves this one sold off with one trading day left this week. If this does not close 17.5 or better tomorrow then breakout talk is premature ... I hold ...
 

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Still some support left at 16.5c today where it closed. There was a buy order of 1million at 16c cancelled before close. And a buy right on close for a 200,000+ shares at 16.5c.

Still support around for MOS. Not over yet.
 
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