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Mosman Oil & Gas – are the Kangaroo shagging rampers insolvent yet?

Tom Winnifrith Wednesday 28 January 2015

 

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Aussie based AIM casino listed Mosman Oil & Gas (MSMN) shares were at one stage last year ramped up to 45p on the back of some fairly “aggressive” claims about drilling success. They are now just 4.875p after interim results beg the question of whether this business is insolvent yet? 

The Nomad who signed off on the preposterous claims made by Mosman last year is ZAI Corporate Finance which normally specialises in backing China frauds like Naibu (NBU) but I guess it also has time for Mosman.

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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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Tom Winnifrith Bearcast: Shame on PWC & Numis, Hat tip Jim Mellon and ouzo for a vindicated Lucian Miers

Jim Mellon says he loves listrening to my podcasts and has sent over a very interesting article following the pulled We Work IPO which I discuss at length. The into PureCircle (PURE) which Lucian has called brilliantly, notably here. Yesterday’s shock warning tells us so much about the disgraceful apathy of folks like Numis and PWC when evidence of aggressive accounting was there for all to see over many years. I discuss another company shown to be swmming with no trunks. It will not be the last.

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