Westhx,i disagree.MOS produced Net Operating Cash Flow of...

Westhx,
i disagree.
MOS produced Net Operating Cash Flow of $2.039m for the Qtr.
Thats $8.2m NET operating cash flow p/a. Thats 1.3c per share - when the shares are only trading at 14c.
In addition, they have $13.7m cash which is 2.17c per share - so for each 14c share you get 2.17c plus c/flow of 1.3c p/s p/a.

They also announced that the two successful Taylor wells will increase gas production by between 25%-50% ! Thats surely a fantastic result!

"...I hope they eventually deliver because quarter after quarter they just burn cash." They are supposed to be one of the most efficient drillers around according to Bow Energy MD.
The cash they spend was well worthwhile, because they drilled 3 wells and got 3 successes !!

I think we are suffering from the fact we do not have a CEO at the moment.
No one is selling the success of the coy.
The Board is doing buggerall to promote the coy.
That is why the disinterest in the stock.
The coy is a good investment -it is hugely undervalued.

I too hope someone takes them over - but not a price based on the current SP.

Stay patient- you can see that Berne Nominees has purchased much of the Cooper shares a while ago and I think Berne Nom is related to JB Were Group.
cheers