MOS - Mosaic Oil

[pointr]

Hi Hedders, I don't think anything necessarily bad is happening. The share price has run out of puff. The traders gradually sell as they look for the next moving object to climb into. So if my view is right MOS will 'fluctuate' within a range until the next piece of really good or bad news causes a reaction. Not sure when its results will come out. Perhaps the next item to catch the attention of the market may be the 'putting foward of the business case' for converting a depleted field into a gas storage facility.

 

[Hedders]

Thanks for that, Pointr- sounds like we have to bide our time. The fundamentals of the company still look pretty good. Current share price is back to break even for me. I'm not sure when their reports are due, but it must be soon

 

[Garpal Gumnut]

If one goes back 7 or eight years MOS has been in a downtrend with lower lows and lower highs.

It looks decidedly sick , and I'd be only going long, if it broke above the downtrend line.

gg

 

[Hedders]

Thanks gg- that chart doesn't look pretty over that period of time. Do you read stochastics? I'm just learning this side of things, so I could be wrong, but does MOS look like it's about to swing up?

 

[pointr]

MOS released their results today which they described in an associated release as solid. Production was up by 18% (from memory) and profit comparible to last year if some extraordinary items were taken out, ( exploration costs and golden handshake). This result was achieved at a time when the price achieved for their oil dropped by 50%. So potential for some good fundamentals in the year ahead, recent 100%exploration sucess, rising prices for product, potential new income source from gas storage facility.

 

[YOUNG_TRADER]

lacking sex appeal from high impact exploration/wildcat stuff

but is building a solid business with good revenues

 

[Hedders]

Yes, the figures looked good considering what's happened to the prices of oil and gas. The market didn't exactly warm to the reports though! Down another 1/2 cent to 12 cents. Spoke to new CEO the other day- very decent bloke with an optimistic view of Mosaic's future. I'm hoping that the market treats MOS a little kinder than it has been though. I'm carrying a significant loss now. Surely it's due for some positive sentiment??

 

[goin4gold]

well hedders you may get your wish if it pushes through .14c to .15c..gone up to .13.5 currently ..some good ann back to back with new leases on storage facilities at brissy airport and of course the profit and operational wins. fingers xed am holding a parcel too

 

[Hedders]

well hedders you may get your wish if it pushes through .14c to .15c..gone up to .13.5 currently ..some good ann back to back with new leases on storage facilities at brissy airport and of course the profit and operational wins. fingers xed am holding a parcel too

Yeah- fingers are crossed for sure. All their activities bode well for the future. The price may still hang around its current level until larger revenues start to come in and/or oil/gas start rising in price. Finally there seems to be more buyers than sellers too. I'm looking forward to seeing the next quarterly report- could be a good catalyst for the SP

 

[goin4gold]

Yeah- fingers are crossed for sure. All their activities bode well for the future. The price may still hang around its current level until larger revenues start to come in and/or oil/gas start rising in price. Finally there seems to be more buyers than sellers too. I'm looking forward to seeing the next quarterly report- could be a good catalyst for the SP

it's a wait and see nymex up over night ...looks like gold is pulling up oil at the mo...lets hope us$ stays weak and not the traditional safe haven it was through the crisis, this can only appeal to gold, oil and Aus$.

 

[Hedders]

Good volume for MOS today, and up another 0.5 cent to 14 cents. Seems to be more buyers at the moment. No significant announcement for nearly a fortnight though. Maybe it's because MOS was oversold recently- the SP doesn't seem to be tracking with commodity prices all that closely. It would be great to see MOS make a break now!

 

[Garpal Gumnut]

Good volume for MOS today, and up another 0.5 cent to 14 cents. Seems to be more buyers at the moment. No significant announcement for nearly a fortnight though. Maybe it's because MOS was oversold recently- the SP doesn't seem to be tracking with commodity prices all that closely. It would be great to see MOS make a break now!

Its an exciting stock. I've always accumulated under 8c and seen it lower, but its a goer.

Somebody knows somthing that nobody else knows and a fair bit of inside trading may be occurring not that that pack of useless dogsballs ASX or ASIC would know.

gg

 

[Hedders]

Its an exciting stock. I've always accumulated under 8c and seen it lower, but its a goer.

Somebody knows somthing that nobody else knows and a fair bit of inside trading may be occurring not that that pack of useless dogsballs ASX or ASIC would know.

gg

You could be right there, gg- some punter bought 1,000,000 shares just before the bell (3:54pm). 10,600,000 shares traded in a day hasn't happened since April, and the average vol for the past 3 months is around 1,500,000. You'd be forgiven for thinking something might be announced in the morning

 

[pointr]

MOS has been making a few presentations of late as revealed in the ASX announcements. The one presented yesterday expanded the case for ramp-up gas storage at the Silver Springs field and also mentioned seeking a partner in this endeavor. My memory may not be correct but I think this is the first reference to this. I would think that an ideal partner would be someone either producing the gas or someone on the marketing side. I imagine both groups would want to look after their interests. MOS owes me a bit more than GG's 8 cents, so its welcome to take off any time it likes

 

[3 veiws of a secret]

I have been watching the steady price rise its firm & to my liking . Have parked my money in the 13c slot ....wishful thinking.
BTW Aspect Huntleys have been plugging this MOS for quiet awhile...... 14.5cents as I type! G'luck

 

[Garpal Gumnut]

I have been watching the steady price rise its firm & to my liking . Have parked my money in the 13c slot ....wishful thinking.
BTW Aspect Huntleys have been plugging this MOS for quiet awhile...... 14.5cents as I type! G'luck

the kiss of doom. An aspect huntley recommendation lol !!

I'll be buying it again soon under 8c

gg

 

[Hedders]

Well MOS is now in a trading halt. The only info I could find was a vague reference to some kind of capital raising. Does anyone know what they're raising capital for??

 

[pointr]

In one of their recent presentations they said they were looking for a commercial partner for their gas storage proposal, perhaps they have found one. Whatever they are doing I hope we make some $$'s from them and that GG's prediction re sub 8 cents doesn't eventuate.

 

[banska bystrica]

Capital raising via book build at 11.5c. I applied for 2 million today and was told there will be a heavy scale back as there is strong interest.

 

[Hedders]

In one of their recent presentations they said they were looking for a commercial partner for their gas storage proposal, perhaps they have found one. Whatever they are doing I hope we make some $$'s from them and that GG's prediction re sub 8 cents doesn't eventuate.

Thanks pointr- I remember seeing this in a presentation from the new CEO. Here's hoping it's good news then. It must be something like that as I don't believe they have any debt issues.