MOS - Mosaic Oil

[Garpal Gumnut]

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.

Mate, you can sell them right now for 13c.

With your 3 or 4 million shares that will give you a profit of 45-60k.

Then I'm not as sophisticated as you and you probably have another plan

BTW , at what price would you place your sophisticated stop loss.

gg

 

[banska bystrica]

Mate, you can sell them right now for 13c.

With your 3 or 4 million shares that will give you a profit of 45-60k.

Then I'm not as sophisticated as you and you probably have another plan

I don't want to sell my shares for 13c.
I do not own "3 or 4 million". Don't know what you're on about.

Requirements for sophisticated investor status:
Your accountant must certify the following:

"I certify that the following is true and correct in every particular:

I am a qualified accountant within the meaning of section 9 of the Corporation Law1.
This certificate is given at the request of the investor described in Section 1 of this certificate ("Investor") in relation to potential offers by First of offers to subscribe for or acquire securities.
This certificate is given to First for the purpose of section 708(8)(c) of the Corporations Law; and
The Investor has:
(i) Net assets of at least $2,500,000; or
(ii) A gross income for each of the last 2 financial years of at least $250,000 a year."

I'm sure you would qualify GG so just get your accountant to fill in the form and you're on your way. You get all the juicy deals the instos get at the same price the instos pay.

MOS: Target price 20c+ once the gas storage deal is finalised. Not interested in trading it. Just accumulate, hold for the deal and then exit. Simple.

 

[Garpal Gumnut]

That sounds like a plan banska.

Best of luck with it.

If it goes pearshaped, apart from a quick bath in the Hron, what is your stop loss level?

gg

 

[Garpal Gumnut]

As a chartist, I feel Mosaic looks destined to return to the 9c mark, unfortunately for the true believers.

Consolidation patterns and triangles have been validated as a good indicator of a share prices direction.

MOS is in a descending triangle.

Most volume has been through sellers and the price has now reached a support level. The last trading day on friday pushed it down to support on high volume.


The common wisdom is to subtract the gain from the low price to obtain a target.

15.5c - 12.5c = 3c

So the target is 9c.

I'll wait for a lower price from distressed buyers.

I will have to empty Dharmas shoulder bag of big bills as I feel now that I will soon get MOS again at under 8c.

A chart

gg

 

[Hedders]

As a chartist, I feel Mosaic looks destined to return to the 9c mark, unfortunately for the true believers.

Consolidation patterns and triangles have been validated as a good indicator of a share prices direction.

MOS is in a descending triangle.

Most volume has been through sellers and the price has now reached a support level. The last trading day on friday pushed it down to support on high volume.


The common wisdom is to subtract the gain from the low price to obtain a target.

15.5c - 12.5c = 3c

So the target is 9c.

I'll wait for a lower price from distressed buyers.

I will have to empty Dharmas shoulder bag of big bills as I feel now that I will soon get MOS again at under 8c.

A chart

gg

Bummer! Well there goes any hope of them raising capital from the average punter who was offered shares at 11.5c, like myself. I'd certainly buy more at 8 or 9 cents though- that's a hefty discount to the book value.

 

[freebird54]

Closing date SPP 2/11 or 9/11? - confused -application form contradicts PDS
yes I am going for them............................

 

[Garpal Gumnut]

I enclose an interesting chart of MOS.

It shows its incredible rise from the March lows of this year of .065 up to 18c recently. Its decline has been just as dramatic.

A fibonnaci retracement from the lows to highs shows an initial 50% retracement in September and then a recovery to 23.8% and now a further fall to a 61% retracement at 11c, recovering to close at 11.5c today.

Who knows what will happen.

I am hoping for a panic sell down on high volume and will have a buy in at 8.5c to pick up a considerable stake.

Its interesting to note how often 11c has been support and resistance, so a recovery may be about to happen.

They are my thoughts anyway.

gg

 

[Hedders]

MOS has been hovering around the share price offer for a while- I think it will continue to do so until the offer is all wrapped up. Providing the oil price trends up I think MOS will also go up from there. From what I understand a big chunk of the capital raised will go into quite a few new drilling projects. If we see a series of positive drilling results I imagine the SP will rise as it did after the last series of drilling reports.

This is only my opinion of course (I bought in today again at 11.5c). Unless another global correction occurs before year's end, I'm thinking MOS will be back above 15c in a month or so (hope I'm not eating my words down the track!)

 

[Kremmen]

I'm amazed this mob is still going. Small miners usually either become big miners, collapse, or get taken over. I played the Mosaic game over a decade ago.

Here's my take on it: MOS has traded in the same band for the past 20 years. For those who follow fundamentals, well, BHP over 20 years = 1200% rise plus dividends, MOS = 0%. For the chartists, surely your odds are better if you play a stock that actually rises, as everyone wins on average. I don't understand why anyone bothers with MOS at all any more.

 

[chatty]

When most o the stocks are over valued. The big money may start to look or something cheap like MOS??

This is an assumption only. Btw, I do not have MOS but have just added this stock in my watch list today.

If the company's financial situation is improving, oil price continues to go up while share price has not gone anywhere. Isn't it a good time to keep an eye on this and look for the right time for an entry?

 

[Hedders]

Well, it looks like I WILL be eating my words- 15c is looking highly unlikely, as Mosaic continues to drift downwards. This stock has become so limp which is a real shame. GG might be right with his prediction of 8c at this rate. The sooner they start drilling in a big way the better. Does anyone know why MOS can't take a trick just now? I guess a lot of the other oil stocks are fairing no better (eg Canarvon)

 

[gohawks]

I enclose an interesting chart of MOS.

It shows its incredible rise from the March lows of this year of .065 up to 18c recently. Its decline has been just as dramatic.

A fibonnaci retracement from the lows to highs shows an initial 50% retracement in September and then a recovery to 23.8% and now a further fall to a 61% retracement at 11c, recovering to close at 11.5c today.

Who knows what will happen.

I am hoping for a panic sell down on high volume and will have a buy in at 8.5c to pick up a considerable stake.

Its interesting to note how often 11c has been support and resistance, so a recovery may be about to happen.

They are my thoughts anyway.

gg

Looking like a pretty good call at the moment. You ready to buy after the new year? I'm getting tempted at the current pricing.

 

[Hedders]

Yes- surely MOS can't fall that much lower, although with sellers outstripping buyers 5:1, who knows? You can't help thinking the current price will look dirt cheap down the track. But anyone who's held MOS for a long time will have heard all this before! I have greater faith in Alex Parks than in his predecessor though. Are you licking your chops gg??

 

[Wysiwyg]

I'm amazed this mob is still going. Small miners usually either become big miners, collapse, or get taken over. I played the Mosaic game over a decade ago.

Here's my take on it: MOS has traded in the same band for the past 20 years. For those who follow fundamentals, well, BHP over 20 years = 1200% rise plus dividends, MOS = 0%. For the chartists, surely your odds are better if you play a stock that actually rises, as everyone wins on average. I don't understand why anyone bothers with MOS at all any more.

My experience with MOS doesn't go back that far, only 3 years ago but still the same. It's like an ingrained culture. No matter what language you explain this to people they just don't comprehend or eventually find this out for themselves. At least one could say their share price is reasonably stable.

 

[Garpal Gumnut]

Looking like a pretty good call at the moment. You ready to buy after the new year? I'm getting tempted at the current pricing.

Yes- surely MOS can't fall that much lower, although with sellers outstripping buyers 5:1, who knows? You can't help thinking the current price will look dirt cheap down the track. But anyone who's held MOS for a long time will have heard all this before! I have greater faith in Alex Parks than in his predecessor though. Are you licking your chops gg??

Greed and fear, doesn't it get one excited. Buy and it goes down, remorse. Miss and it goes up, pain. We are at a crux.

I had thought about getting in a 8.5 or 8. But a low of 5c is possible.

gg

 

[Hedders]

A couple of months have gone by since the last MOS post, and here we are- MOS still can't get any positive movement going. Nobody wants a bar of them despite a bit of a recovery in oil prices, and some okay news reported on the ASX. Where to now GG? I bought in at 8.7 cents today, but I'm beginning to fear that they could slip even lower...

 

[Happy]

May 2008 high was 0.195, October 2008 low was 0.065

June 2009 high was 0.0.18, (if November 2010 brings 0.045 low, it will only be kind of similar move)

Buying on a way down has its dangers.
It has rewards too, but can affect sleep at night that’s for sure.

 

[tunrida]

A couple of months have gone by since the last MOS post, and here we are- MOS still can't get any positive movement going. Nobody wants a bar of them despite a bit of a recovery in oil prices, and some okay news reported on the ASX. Where to now GG? I bought in at 8.7 cents today, but I'm beginning to fear that they could slip even lower...

call me when they show indications of serious earnings growth - this share has been floundering in the positive earnings, but no divvy prospects for years - another one that only the execs get any benefit from by way of the packages they write for themselves

 

[pointr]

An announcement today that AGL Energy (AGK) approached MOS after market close yesterday with an offer to buy the company at $0.15 a share. Advice from MOS is to do nothing as per usual. a nice resultant price jump this morning. At least 15 cents would just get us out in front

 

[Garpal Gumnut]

An announcement today that AGL Energy (AGK) approached MOS after market close yesterday with an offer to buy the company at $0.15 a share. Advice from MOS is to do nothing as per usual. a nice resultant price jump this morning. At least 15 cents would just get us out in front

I hold two x MOS. I'm expecting a counter bid, so will hold on atm. It has jumped to .13/.135 but there are some strong buyers at .13 , so I expect this to be a floor atm.

gg