Mosman Oil & Gas (#MSMN) – £1.1m placing at 0.08p per share, with warrants
- 2022-05-10 07:55:14
This is like shooting fish in a barrel. It is such a slam dunk and so easy that my cat could spot it. And best off, SP Angel the fraudster’s favourite Nomad has signed off on the lie. This morning, Mosman Oil & Gas (MSMN) has announced in a semi-literate release drafted by Justine James of Alma PR:
Now I would have published this yesterday, but my internet was rather crap and being sorted. Talking of crap, that brings me onto the matter of Mosman Oil and Gas (MSMN). This company was a cornerstone of my crap quartet this time last year and had a clear place in the Vomit list of shite oil stocks when I reviewed the forthcoming year last Christmas. In my view yesterday’s monumental share price rise just illustrates the full extent of “lockdown gambling culture” combined with total lack of understanding of what the investment case is.
One of my first material engagements with ShareProphets was occasioned by Mosman Oil and Gas (MSMN) back in 2016. Tom Winnifrith reported on a letter sent to the FCA about Mosman telling porkies about contingent resources Mosman did not have - the company had no choice but to fess up as Tom noted here. Yep – I wrote that letter. I monitor what I call my Crap Quartet of stellar oily investment cases and Mosman is a cornerstone member by clear merit.
Two days ago Mosman Oil & Gas (MSMN) , share price at peak ramp 44p, put out its latest meaningless RNS. But it was the pump and I am afraid to say that the City's No 1 oil analyst Zac Phillips and his colleagues at SP Angel played their part....