The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Some nice big buys rewards coming maybe late Feb/ early March before we hear anything concrete.
Just hang in there boys. Been holding on for 12 years so can wait just that bit more.
Been topping up and topping up while looking at private islands.com
Much higher volume of Buy to Sell trades again and yet the SP goes down, again ...
It is easy to criticize MG, however if you look around her you will see even in the UK planning permit may take years!
This permit is a major step forming and we all know that it is just a matter of time to get it. When landed the price would be double digit. From here 10 baggers for sure. Smart guys invest when derampers scare week guys.
I can't believe how disorganised the Mongolian agencies are.
They put a results date on their website and missed their own target, and so many days later, we still dont have any results.
It's a joke on how they run Mongolia
Badprophet the more you post the more it is now so obvious that you are a deramper, probably trader. To say the LP is factored into the SP is absolute cobblers and you know it. As previously mentioned for someone who is not invested in PM you seem to spend a lot of time posting negative stuff on here. You always seem to appear when the SP is in decline and vanish when it's on the up. Never a good word to say about PM. A sad deceitful investor.
When asked about funding MB said that they were:
'Comfortable...... for now'.
I think it's all about how comfortable MB is about going into the 2023 drilling season without being fully funded for the planned work.
I'm sure he'd be delighted to be able to consider his options with the Land Permit granted but he doesn't appear to be any better able to be sure if or when this will happen than the rest of us and past experience isn't great.
If he's doing his job then at some point he'll have to pull the trigger to raise funds to cover the year's planned activities.
p.s. Anyone seen Valueinvestor recently?
What's the point of having a partner if PM is going to fund everything
At the risk of upsetting Dozy et al.
The LP IS coming and is factored in to the current SP. There isn't enough cash on hand to finance Heron production costs & further (20%) exploratory drills. If the SP ever stabilises at 10p or higher there will be another $10m cash raise at around 5p. IMV
Once we get to the point you describe we would be talking about advance payments. Don't you think PM would get a credit line with its Bank?
LP =$$$$$
It is all a matter of time. Rare opportunity to find the like if MATD.
The share price is a real bargain guys.
Also Brel it has been mentioned there's a possible multi well agreement so if say 6 wells x 800 barrels a day 4800 X say $80 a barrel = $384k a day. That soon mounts up - less MG taxes obviously. Also I read a piece regards fracking which Mike Buck mentioned they would potentially do. Fracking can increase the normal flow rate by 1 to 30 times as much. So work that one out if it was 5 times as much - nearly $2 million a day revenue. This is obviously potential not factual, but reads good
Brel, after listening to Mike Buck, I believe the deal with DQE is to use the revenue from the oil we take out the ground
Even news of drilling Velociraptor will see 5.5p and a lot more certainly for a period but hopefully for good. Even news of the other parcels we hopefully are going to awarded will send the price up. But yes it will be the LP that really sends this SP up.
If the mms are willing to take large amount what is it trying to say. Does it mean someone is wanting them, or is it just a way of keeping sp at a certain level
Alans55: All we need is that LP news - and you can kiss your 5.5p goodbye.
I got back in last week at 5.5 so it is my fault it is going down again. Sorry people.
Guys, some big order must be in place. I can offload large amount in one go.
It's going back up
Look at eua. Same can happen here. Some news will land here before the AGM.
Fully expecting this to tick back over the 5p in next few days..if MB drops news anytime new highs here for sure.
Great replies all, nice to stir up some positive conversation
Whilst i can understand the Mongolian Sheep herders out on the vast area of the Steppes not having or needing a real sense of time other the sun comes up in the morning and it goes down at night. The educated busy Mongolian Politician i would have thought would have learnt the importance of time in sorting out ones busy schedule and timetable and the importance of when you say something you try your best to manage that expectation.
Thank you for sharing Dozzawba, a few folk here automatically assume nothing is getting done and blame MB, whilst no one is perfect I believe everything that can be done, is being done. The holdup appears to be at the MG's end.
GLA
Agreed, I'm sure he is working hard to build the trust & bond between us
Just to say i am glad we have somebody with an inside track into the MG on it. I would be concerned if we hadn't. Fingers crossed.