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Yeah I was wrong on the cash position $6m cash in the bank, I didn’t realise the $3.2m financial asset was actually high interest bonds assumed it was debt
Nice to see this going up again. I post infrequently on here as i'm stuck at an average of slightly above 4p.
Someday i hope to see a profit.
Best wishes to all.
Best message Iv read in here for a while
GLA genuine holders
Ooops price going back up again, manro/hamm best buy back and stop your deramping as this maybe your last chance to get in again,
Massive buy for £18000 this morning.Something must be happening.It wasn’t you ,was it ,Hamm!
Just for the benefit of those new to the share, the company DOES NOT need to do any further placement prior to exploitation. They have millions in the bank and very low cash burn.
The next equity raise will be done at a much higher share price and not till well into the middle of next year and on much better terms.
Don't fall for the bs being spruked here by Hamm Manro and Lambo. They all can't read clearly
There are massive riots and unrest in China from people fighting back against more Covid tyranny.
Western media isn't reporting it but the videos and images are all out there.
RNS before the interview? I doubt it.
It only seems MB again needs some money. More holiday!
What a bastd he is.
Usual ramp before the placement. These delays mean more cash needed.
The only fundamental change would be LP which hasn't happened yet!
All talk talk and never walk walk.
You hope not*
Top riser . Maybe a chance to get out before MB repeats his interview like a parrot.
Pretty much all 'buys' yesterday afternoon and already again this morning, a comparative feeding frenzy....
Interesting.
Local permit is nothing to do with lockdown anyway. All excuses.
If we see any news regarding the equipment would be interesting but I doubt that either.
Hearing from contact in China their Province has just been totally released from all lockdowns. No testing, no lock down no borders. Everyone (testers / gaurds / police) just packed up and left overnight???
Perhaps the government in China has decided to release the restrictions and let it be what it will be. Could be very positive in terms of operational access.
Obviously not confirmed in western media but this is live on the ground report. Will see what rolls out from here.
Very interesting. Let's hope another step closer to exploitation.
Cheers
Ost
If you want to know what Mike Buck is going to say on the LSE presentation just watch the last one he did. They are all the same! Pretends to be frustrated with the Mongolian Government and makes out he has people in high places through Petrovis. Will say he understands shareholder frustrations and expects 2023 to be the year it will bear fruit. Then drops in the prospect of Velociraptor as a huge pay day.
If MB had any ideas of anything we wouldnt have been here. Just remind you of 2ed Q date for LP, equipment delivery, advanced talk and farm out etc etc.
Yesterday there were discussions on making changes to Petrochinas production sharing agreement, I have translated the
header post but unfortunately not the video dialogue, just wondering if that and the webinar are related, trying to connect the dots. https://fb.watch/h5-c_A86jx/
Hamm manor buy tmrw first thing or be prepared not to see this share price again, it's going back up again
MB knows what's being discussed or signed off at the next meeting and his confident to do a webinar, I think good news,yes maybe some time delays
Good to be happy chappy! Local permit has nothing to do with covid or china lockdown.
Thinking that good news can't be on RNS seems silly. In fact reliable news should be official or it would be just a pitch for fishy purpose in this case.
Concrete Positive News - Make me laugh there is never concrete positive news. The news on Tuesday will be positive yes but will it be definitive and unequivical very doubtful. Will it be bad no i doubt it if it were bad he would doing a RNS i would reckon. It will be positive news but there will be caveats involved which will get pounced upon here the main caveat will be Covid and the new lock downs in China. Now as much as people think that MB has influence i very much doubt if that includes China.
As regards a cash collection of passing the hat the answer IMO is no definitely not or definitely not yet. Push the share price up and then go for the cash raise when share price reaches 10p either by means of a Rights Issue or Placement. Or Maybe even a direct placement if allowed with the big institution lined up to come in.
We have lots of cash - which you both know very well
Who spends this much time bashing a share your not in? Someone who wants it as low as possible before lift off time - which you know very well will happen when Heron 1 is put online and we drilling 3 other wells
What a sad existence - best wishes fellas
If it was a concrete positive news it would have been an RNS, but it is just a pitch to raise more money I guess!
They were supposed to discuss it last week and didn’t, and in any case it’s only in its draft form, could take years of consultation before been approved, no doubt a placing is about to happen, 1p seems likely for a few million to keep the lights on