MOS 0.00% 16.5¢ mosaic oil nl

anyone else worried about the falling sp ?

  1. 8,589 Posts.
    lightbulb Created with Sketch. 2848
    how come MOS has such a good story - yet the SP keeps dropping?

    MOS has:
    - good cash flow
    - big increase in production planned for next year
    - stable current prod'n
    - v good cash on hand
    - large valuable infrastructure in place
    - exciting UGS project
    - good potential acreage in SUrat and NZ

    BUT THE SP KEEPS FALLING !

    I am convinced that the problem is the Board.

    I am happy to wait and see if the new MD can improve things.

    But the Board has had plenty of time to get it right, but it has failed.

    Each of the last 3 AGMs the s/h have complained to the Chairman about the poor performance of the SP, and each year we have got the same reply - and each year we have pumped more money into MOS, and yet watched as the SP drops.

    If you think we need a shake-up of the Board, please have a say. I have a couple of people in mind, but I need to see how much support is out there.

    cheers
 
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