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.
- Forums
- ASX - By Stock
- MOS
- why the sell off
why the sell off , page-2
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MOS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
EQN
EQUINOX RESOURCES LIMITED.
Zac Komur, MD & CEO
Zac Komur
MD & CEO
SPONSORED BY The Market Online