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I tend to agree on that bigbench:
Putin's plate is pretty much full with the Ukrain - and all who are against him (TG). Mongolia is far if not totally beyond Russia's interests (and capabilities) - whichever way you look at it. In addition, China may have certain interests concerning Mongolia whichl most likely are not in line with Russia's.
Absolutely Dartron. Who knows what Putin is capable of. None of this looks good whichever way you look at it
China will side with Russia no problem... Mongolia is one of the safest place to be id say
"Mongolia thousands of miles from the conflict, so no danger"
But is sandwiched between Russia and China.
Excellent time to add if you have funds.
This drama doesn't effect Mongolia.
Oil price...Malcys view
In the above only European gas has taken into account the Russian invasion of the Ukraine overnight, this morning WTI is $98.01 and Brent is $103.57.
My hero Daniel Yergin has said this morning that ‘Washington is just catching up and recognising that American LNG- and the shale revolution- is a geopolitical asset. Without US LNG exports the situation would look very different in the tense stand-off over Ukraine’.
And he is of course right and it would do UK politicians a power of good to realise that upping the game in domestic hydrocarbon production, both onshore and offshore wouldn’t be a loss of green credibility but more a way to ensure that domestic needs are catered for. No surprise that UKNG is up nearly a pound a therm, look and learn and shame on those who needed to see that start of a war for it to sink in.
..down 246 or 3.3%... biggest one day fall in quite a while
Market sentiment counts for a lot. BP also down 3% today. Problem here is the oil is in the ground still and not being pumped out yet. News needed on this front.
Good to hear RG... i had toe dipped in HUR a few time early last year but pretty even there im afraid
Absolutely amazed PM share price is down.Oil through the roof,Mongolia thousands of miles from the conflict,so no danger,and rig news imminent.
RG27 - HUR has been a nice hedge these last couple of weeks hasn't it
Yes. Pretty much red across the board. But as they say SUN always comes out after the rain has passed. Sinilarly True value here should SHINE through. Lovely buying opportunity here.
At $120/bbl price broker valuation estimate would be DOUBLE at +$700 million.
With so less shares in issue compared to other oilers....this could re-rate really fast when it gets going given our crazy low MCap.
Bigbench ... My entire monitor screen is RED.... we will look back in a few months and kick ourselves for not loading up at this silly 4.3p
Same here with the exception of my Hurricane shares that have shown a rather pleasant £9,008 increase today.
Otherwise the remainder of my screen is flashing red and very pretty it looks.
It will sort itself out in time so just hand on and don't panic, well not too much.
There is one other aspect to all of this and that is the re-action and action of China to all of this. They have come out several days ago sharing Putin's concern about the expansion of NATO but have kept very quiet since then. They will know they have a lot of trade with the West but at same time have a big bear on their door step. I would think they would want to try and source some / more of their oil from their own doorstep and friendly neighbouring country in Mongolia. It is not a lot of oil in the over all scheme of things as regards China but as regards any deal that Matd could do with Petro China it could be massive for us.
I think there will be no re rate till we get the RNS just too many factors keeping us down at the moment assuming presentation next week is positive, i think it is, is good then this share will re rate so fast these prices will look a long way off in the rear view mirror.
My entire monitor screen is RED.... we will look back in a few months and kick ourselves for not loading up at this silly 4.3p
The only ones selling are burnt traders who tbink every day it will go up.
Sit Tight LTH's
Yes mate. This has been trading at a massive discount to Asset valuation.
At $60/bbl the Valuation of $351m (risk adjusted)
on the conservative side. At $100 or $120 you can see the Massive upwards revision.
I am firmly focused on price in 6, 12, 18 months time not today/ tomorrow.
Geo political situation should have no impact on our Mongolian operations in my view. Indian Govt already pushing for Mongolian domestic oil refinery to come online in 2024.
Agreed Jollifant..... the wider market is taking a kicking down 177 or (2.4%)... but as usual the smaller investors will be spooked and the fat cats will pick up the bargains and get even richer...seen it so many times
Buying at 4.3 now. Not been here since 2017, but this looks a better bet in 2022. GL
Because of the geo political crisis and the negative overall market sentiment it brings. Be interesting today to see which prevails here, the big drop in the markets bringing the sp down or the big jump in oil price moving the sp up.
I know Mr.P has crunched the potential numbers here a few times but Jesus @ 120bucks a barrel things are crazy... how can we be at the ridiculous £40 mcap we are!
If things get more heated in the east Oil could be @$120 by the AGM!
Just need MB to RNS all is on schedule here and the “advanced negotiations” from Dec are concluded. That RNS combined with the current Oil price will have a dramatic effect on the SP…hopefully is just days away.
https://markets.businessinsider.com/commodities/oil-price?type=brent
Tim helmet time, until sanity returns. Yes a buying opportunity across the board if you have a longer term view. ATB