MOS 0.00% 16.5¢ mosaic oil nl

why the sell off , page-2

  1. 3,681 Posts.
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    I believe it to be the farm out activity. MOS is reducing their percentage of holdings in two areas with AUSMIN gaining 26% interests by spending 1.5mil in exploration. ASMIN is either gaining 26% of nothing or will gain 26% of a lucrative mining lease. MOS has given away nothing or has given away 26% for 1.5mil which would appear to be bad management. The deal makes it look like the leases are not beyond yielding nothing.
 
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Currently unlisted public company.

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