thanks to ausonic's post yesterday, forty went back to work. Research ... I read up on ausonic's findings and went on a refresher course over MOS. now, fwiw, i kept this stock along with IMF. both, I believe, will do well in the bad months ahead, if they are as bad as i believe they will be. Interest rates going up never help much. the news in ausonics post gives back any lost credibility to the MOS managment. OK so the bu*ggars did a few clever announcement timings but ausonic's post doesn't only clear up last years 'investor approach scandal' but in fact clarifies it. If we can assume that the news re ausam was an interested party and backed off then why is it now in a jt venture with MOS and one which santos is also a jt venture partner ??? Money !The rig is on it's way. July will be important. new acreage licenced. and of course mos has cash flow. this little one is imo the best value it has been in many a year. ok i agree it has to continue to dig a few good wells but it does have the chance of making it forward because it has the cash flow. so 40 added to his holding today at 14.5. excellent buying to those who got some down to 13.5. the traders have nearly all died on their cheque books. mos is for patient investors who i am sure will not be disappointed. see my other posting re why i added to imf today also.
be good.
and yes, even bears buy in bad times. rightly or wrongly, they still have a go. they just get choosey. here's hoping, eh ?
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