Where did you get the info from banska? Were you sent an application form already? Should be v.popular at 11.5 cents
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.
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.
Where did you get the info from banska? Were you sent an application form already? Should be v.popular at 11.5 cents
Its a good company. Lets hope an offering to holders accompanies the bookbuild. I'd pay 8-12c at the moment for mosaic.
It may get to 8c again though when the bear hits again.
Its at the beginning of a wave 3 on EW.
gg
I'm no Elliott Wave expert GG, but are you saying that as MOS starts wave 3, we'll see a dip and then a decent SP increase?
The scale back was brutal. Out of 2M applied for, I received a firm allocation of 300,000. Massive over-subscription. Still, happy to have 300,000 at 11.5c. RBS Morgans short term target is 24c and fair valuation 32c.
I still reckon I'll get them again for 8c.
Thats nearly a 30% loss for you. Are you sure you really want them?
I'll take em off yer hands on tuesday to save you the worry mate.
gg
8c? That's ridiculous. You're dreaming. I'll be topping up on market if they are still under 15c. The institutional demand was ravenous at 11.5c. Hard to see how they will fall to 8c.
The scale back was brutal. Out of 2M applied for, I received a firm allocation of 300,000. Massive over-subscription. Still, happy to have 300,000 at 11.5c. RBS Morgans short term target is 24c and fair valuation 32c.
Banska- was 300000 in line with your current holding or is it just proportionate to the level of interest in the subscription? In any case, I think you'll be laughing to have picked any up at 11.5c (unless the knackers fall off the oil price, and I can't see much beyond a temporary dip happening on that score really)
8c? That's ridiculous. You're dreaming. I'll be topping up on market if they are still under 15c. The institutional demand was ravenous at 11.5c. Hard to see how they will fall to 8c.
Well we will just have to see.
Lets think about Brisconnect.
The instos piled into that big time.
It may not go 8c next week, probably won't , but if it goes to 30c , I'm out with a huge profit.
Why should it keep on going up.
Why not up and down like most stocks?
gg
Banska- was 300000 in line with your current holding or is it just proportionate to the level of interest in the subscription? In any case, I think you'll be laughing to have picked any up at 11.5c (unless the knackers fall off the oil price, and I can't see much beyond a temporary dip happening on that score really)
Hedders,
I wasn't an existing shareholder. My broker puts me in some of these insto/sophisticated investor placements and with this one, I am happy to hold for 20c+ rather than stag like I did with ELD.
I've had a look at MOS charts in many time frames, and I feel that the monthly going back to 1991 shows its potential to significantly dip under the recent broker/ insto placement.
I'm a holder and a long term trader of MOS, and genuinely believe it should never be bought at more that 0.085.
Not that I'm wishing any bad for MOS as I'm still a holder of the last lot I bought in December of last year.
gg
After today's trade I now hold 1M MOS, half of my targetted holding. Very comfortable buying at 13c and will keep accumulating whilst it trades at 13c.
Once the gas storage deal is finalised, the stock will spike and the historic chart will be about as useful as Kleenex.
banks mate, like you I do like to back winners and also like to diversify.
I am however at a loss to understand why you bought and are buying MOS now, rather than 11 months ago when it was near half the price.
What has changed in the interim, apart from a placement at 0.115c to make you so bullish on MOS?
gg
No inclination to own MOS 12 months ago. You cannot be in all stocks. Diversification is a hedge for the ignorant.
The gas storage upside is what I like. Circa 20c-24c is my target price. I would then exit as this is not "ten bagger" potential and that's what I look for when holding long term.
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