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Let's hope so
Researchandhold said //BP is like a stain on humanity//
WOW - more deletions. I wonder if Prof's anti-ramper threat was real!
Joke post of the day:
β MON1 - Corruption is a strong accusation, what evidence/facts do you have to substantiate this? Also, how do know the Ambassador was "dragged" to the meeting?β
And Cybertron, 5/6p before LP? Have you seen which way the SP has been drifting. I expect it to keep slowly drifting off while we wait for the RNS.
Another thing to take into account which hasn't been mentioned, it was stated they had extra money earmarked if Velociraptor was successful. It wasn't so that money is still there. So money confirmed until July 2024, money included funds for Heron 1, add on the money not spent on Velociraptor, and if they needed money "as a going concern" as mentioned, Petrovis i would believe would give PM a soft loan as they have previously done, so placing, i don't think so. Not at this stage IMO.
Just waiting for this to north any day now. All LTH will be in the same boat as I am pretty sure about that.
Don't anticipate a short sharp rise but a steady one as more and more news comes on the horizon.
GLA and DYOR.
I'm sure his signed quite a few agreements and papers today, all of them won't be mentioned apart from the ones that matter for Thier country
There's so much negativity towards the dornod guvnor but I can't see any apart from he stalled the signature on our business because he is working for his local people and what they want good man held up and said money first once we get it then you get your job done
So many people pointing at the moon and confusing their finger with the moon!
Let's hope we hear positive news soon.
Also if you go back to the interview MB gave in Feb 23 it said they had kept the money for Heron 1 to one side to have ready as soon as they get the land access.
Aesh seems to be very interested in a placing, I beleive a very good one would involve himself into the first hole we drill - we certainly have the funds to deliver!
Another agreement signed by local governors ..
3 agreements in one day. I think this one is most important one..
The Secretariat of the Government of Mongolia organized a joint meeting of members of the Government, representatives of provinces and capital cities, and governors at the State Palace. On this occasion, members of the Government and governors of the provincial capital signed a cooperation agreement.
As for our ministry, we signed a cooperation agreement with governors of provinces and capitals in 2024 to ensure the implementation of Mongolia's "One Window Policy" in foreign relations and within the framework of the "Year to Support Regional Development".
This agreement is important for strengthening the unity of the state's foreign policy, ensuring the implementation of laws and activities in the field of foreign relations, and expanding and developing local foreign relations.
Edit I mean the rns late 2022. Time flies!
They need to run as a going concern as a first priciple Master! How much is left and for how long will it last?
No update on this since the annual report 2022.
I am NOT suggesting for one instant the company will disappear, but without the licence issue being sorted and if hope fades like it has before (like it did after the RNS late 2023 stating the licence will all be sorted in 3 months?) Then what?
You still need planning foe renewables so why worry about fundraising when no plan is available. Where would you put solar panels . Which field?
Edit "solodge". Auto correct!
Splodge I said that the company reported that they had sufficient funds to run as a going concern until 2024. Their own formal documentation/statement dtay3s that, with no further update on the matter.
The fund raise was for a special purpose, but let's see how the books look when they report next.
My view is that even if (and it looks very hopeful that it will!) Heron comes on line this spring, there is a high probability a cash raise will be needed to cover the company outgoings until sufficient revenues have been raised.
Maybe no big deal ig all goes as hoped but just adding to the "opinion soup" to counter some of the froth.
Β£10 for the Aesh fund !
sollodgeblue - exactly right ( well just one correction- I thought Velociraptor drill was $1.5 mil)
Funds needed to send Aesh to the moon π
Master incorrect
Imon renewables they can do what they want without LP.
They have even said themsleves funding decision have to be made before H2
Enjoy the ride north. Why worry about a raise when LP is not here ..no work can be planned without The LP
Solloge: I'm sure those "figures" are not as "misleading" as you believe. Nonetheless it's good you point this out.
I'm sure Aeschylus will explain what you're concerned about .
Hi Aeschylus Iβm confused with your figures you say Petro Matad will run out of Money by July what I have been reading is Petro matad raised Successfully closed a recent equity capital fundraise round totalling $6.6 million in February 2023 the total cost to drill velociraptor was less then $2 million dollars and no money has been paid out upfront for renewables ,so I believe what you are posting is misleading maybe you should check again , all the best
Let's keep it real. We will need a raise.
According to the company's 2022 Annual statement we have sufficient funds to run as a going concern until July 2024.
5 months.
The fund raise in 2023 was for velociraptor drill and renewables.
Even if Heron gets off the ground in the Spring its highly probable we will still need additional funds to tide us over until we get sufficient revenues. If it doesn't well we will definitely need additional funds won't we!
(I posted this earlier but it got deleted . I wonder if it will again? π€)
All day there has been a frenzy of posts by a certain poster with words like TRANSFORMATIONAL and MASSIVE.
Those tripe of posts are always red flag to me (and should be to any level headed investor) as they smack of DESPERATION.
Also I'm not liking the "Dornod Governor and Finance minister have signed agreement!)" posts as they seemed designed to suggest that it is the all important tripartite agreement that has been signed (so misleading). It has not.
Wos i do not care if this SP goes up or down.
For the holders here i hope it goes up.
I dislike rampers like you
I assume your account will be closed as you have either lied and said the Ambassador has given you material info and it is not or you did get it confidential and yet you shared it.
Lets see
Mr Moni does not understand (or does not want to) - Ms Blyth did meet with Economic Minister as part of discussion of New Investment Law. Canadian Ambassador met with him few hours later for Dane reason.
Better not to complicate thing π¦
MON1 - I am a LTH and read all the comments. Although, as you say, it has been raised previously, I cannot find any "fact based evidence" to substantiate the claim of corruption. Like everyone, well almost everyone, I await the next RNS which should and hopefully will, answer so many questions.