Correct on all counts. I've followed and held this stock for over 12 months.
On your point 2, perhaps not contrived but a happy coincidence !!
I took a punt and added significantly to my position two weeks ago after reading the final paragragh in the letter to shareholders where the CEO gave an almost explicit indication that the June 02, $0.25 option holders should not dispair and could well be in the money by the option expiry date.
The "spin" put on the next follow up announcement with regard quantity of light oil and LPG in Churchie 3 will be interesting in the short term.
Longer term, I think that Mosaic are definitely on the right track with their exploration efforts.
Regards,
Jess
MOS Price at posting:
0.0¢ Sentiment: None Disclosure: Held
