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Up over 10% and climbing on IG now.
Those who sold part of their holdings or jumped the ride did so due to this board telling the investors time and time again the same old BS.
This is a good investment if the board can get their act together and really get tough and show progress with transparency and clarity.
That I am afraid is not happening here.
3pm RNS saying yesterday's was a mistake and that it's all signed and we're pumping oil like billy-o?
Lets see what happens....
We have funds till the end of July last I heard.
No doubt MB is looking to top that up, hopefully with help from PC rather than a raise.
Can sell all but cant buy a bean.....what's up?
What's the latest thoughts on finances?
I've been having thoughts of fundraise for a while, do we have money to wait this out and keep the lights on? or not....
agree with wos actually - don't be sidetracked by the likes of professional who has been here every day, all day for months - de- ramping, and uninvested. total ******.
Cash at same level as when they did previous raise.
Renewables needing equity if they want to do it in a meaningful way
Lets see what they say about it at AGM or before
Has anyone noticed the video presentation today above from Clean Tech on this LSE site?
I thought Gordon Stein was a public school!
Have a good day everybody.
Good.summary Wos!
And Company still preparing..
Zzzzzzz...
Little money left
Zzzzz
Yes I also agree you do have Oil ....
But
If you can't get to it for what ever reason ,neither the Money to do it .
In reality they don't have Oil .
The Ceo is a clown for sure .
I got caught up in this an taken medicine with 25% loss
Becareful here
This is a terrible RNS and just goes to show you MB has not been in control of the situation and has been bullied around by the Mongolian government. I feel that MB has tried to hide the problems that are behind the scenes and has has not been open and transparent. MB has continuously spouted RNS's of how close he is and has made empty promises and is not delivering. 5 years and you still can't get the heron asset to produce oil. It makes you think is the Mongolian government trying to make PM go bust so they can keep the asset for themselves?
Why would the Mongolian government let PM explore for oil if they have not intention of letting PM extract the oil.
All the Mongolian government do is have a meeting about a meeting and they are prolonging everything with their bureaucracy. I understand they are cautious with foreign companies because they have had the likes of Petro China but 5 years is a joke.
I agree with some people on here we should explore the legal route and if we win look to seize Mongolian assets abroad if possible.
Ultimately agree with you WOS. But time is what we have plenty of as soon, tomorrow, any day now, etc seems to be a never ending story at the moment.
Hence the mischief sets in....!
And Company still preparing for Production THIS SEASON with physical signature possible to come at any time.
Mr Hamm - Ones who 'panic sell' yesterday while smart ones rush to BUY - 🙄
🦉
Header say All & serious investor dies not waste time on Insults!
🦉
Don't tempt fate Manx !
Come on MB, give us another blinder to crush the SP and get it down to under a penny a share.
What about a raise for 1,000,000,000 shares at 0.005 per share. That would do it!
WOS never shows any humility. Hell, he got it all wrong, even down to expecting the negotiations with DQE/PC to be finalised. He’ll be back tomorrow morning with the same carp, I’m sure.
Well our feathered friend has been absent today. Previously shouting people down crowing that he knew best. Now sitting with ruffled feathers . A dung bird with little between his ears but faeces . A creature with a low IQ and even lower credibility.
Hamm - you did say before the second to last RNS that people should buy ' as there is no risk ' to use your exact words....This was before we even knew that the District committee had voted in favour of the land access.....
“I must say DOC and Prof got it right and Most of us got it wrong”
Roxy - very gracious of you to say. But I can assure you I’ve taken no satisfaction from today’s sorry RNS. Things have smelt funny here for a long time and I’m convinced we’ll now have more bad news come soon, be it another hurdle for us to jump or a raise. I’m going to see what’s said at the AGM, reflect and consider if I should remain invested, be it in part or full. Regardless, it’s just my view and maybe we can all get on a bit better. We’re mostly here for the same reason, to make some money.
Amidst all the anger and near hysteria, has anybody noticed that the sells totalled £154,00 and the buys £298,000 today ...? That's according to the figures shown here on LSE.
How can that be I hear you ask given that the share price fell sharply, and was down 12% ? Well, if you look at the bar/candle for today on a chart, it has done a 'hammer ' in candlestick terminology. This means that the share price was marked sharply down to 2.5p at the open, but then finished the day quite a bit higher at 2.95p. This very likely means that after the sell off at the open as the algo trading bots analysed the news, and then reacted with a flood of shorts, a wave of buying then set in for the rest of the day up to the close. In other words demand came in and surged at that lower price level.
Volume in the first hour was 8.29m, and then it stayed much lower for each hour up to the close - so therefore more like normal volume levels. Volume for the day was 16.64m, which is similar to the 18m volume level on the day of the last RNS release. Normal daily volume levels are around the 3m mark.
Like I've mentioned on here before, these types of penny stocks are heavily traded by short term traders, including the city algo bots which analyse news item catalysts when they come out, and then trade on them at lightning speed. That's why a news catalyst creates a sudden surge of volume on the open straight after an RNS. IMO the main thing is to look at the price action and then try to understand what is happening - however I get the impression that some on here are completely unaware of this kind of thing.
Some people like to think of themselves as sophisticated investors, but seem to have done no homework with charts and price action - they think that all the volatility of a penny stock's price action can solely be explained by mainly retail investors reacting to fundamentals. The reality though is that traders, whether human or algo bot driven computers love volatility - that's all that matters to them, as they can go long or short. They don't care about a company particularly, or what it does even - all they are looking for is a news catalyst and the high volume which goes with it. Both together mean volatility.
What's your annual wage Hamm?
And how much actual land/grass are they giving up?
100m x 100m?
Engage brain?
Don't be silly. $5000 is too little.
Mb must get £100.000 salary or so and haven't achieved LP yet. It would be much encouraging if he were More generous to the herders.
But seems too mean and we are where we are! Still waiting. All he has told us is advance talking. That talking seems unending.
I haven't sold any. I added more 2 days ago. Not knowing he would say the same thing he he has said the last 5 years.
Unbelievable. I hope he goes sooner than later. He is absolutely not capable not that he doesn't want but he can't. To be honest it doesn't seem that petrovis cares if MATD gets LP or not.