Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Hello, Vikinglass, seasons greetings to you and all of that .
Assuming MB has given an open and honest update in his RNS, (it would be illegal if not!), then we can expect to see oil and revenue pump within the next 4 to 5 months.
Once revenue is turning, the SP would be higher. I personally do not mind a funding round, as long as it is based on a decent SP so as not to dilute too heavily. Somewhere circa 35 p per share would be ok in my mind.
That said, with 850 BPD from the one Heron site and an expected gross margin of around $45 per barrel, this equates to about $40,000 margin per day. Or one new well every month, which would multiply up quickly the more wells you sink, assuming the same flow rate.
That would be hugely easy to go to the markets to borrow and easy to service as a financial cost as well.
I don't foresee there being much justification or excuse for doing a raise at these SP levels.
This is my hunch.
I'd hope for a PetroVis soft loan if permissions are believed to be almost withing reach?
If however it was the case that a DQE deal wasn't possible RE cost sharing for Heron development I'd expect a formal raise once all permissions had been received and a definitive Heron development plan and schedule could be sold to the markets?
Doesn't always work like this on AIM however.
Bottom line? If they get the money to develop Heron shareholders will be in a much happier place this time next year.
I don't want to consider the option of Heron not happening in 2024 but can't see any reason why this should happen.
If there is a fundraise being planned what do we expect would happen prior to it, will MB be doing another interview ? just wondering what signs to look out for 😏👹
Waiting to explode. A matter of time.
Can't keep the price down anymore.
Demand massive.
Oil $81.
Any price under 7p is too cheap.
The Mongolian Government want this to happen and the Governor has said he'll sign the paperwork.
Petro Matad have stumped up the compensation to by-pass the bureaucracy.
I think people want Petro Matad on the starting line all ready to go come April/May?
This has been dragging on for as long as I can remember and WOS has been saying 'any day now' for just as long.
The Mongolian Government could have had all this signed, sealed and delivered in the last 12 months but haven't been able to or haven't wanted to, and I can still see this dragging on for some time yet despite us all wanting it to happen.
How can we or the markets possibly be sure it is going to happen any time soon, and this isn't just a ploy to lift the SP before fundraise?
Time will tell, as it always does.
Happy to see the sp moving up again 😀
Easily 7_9p before the news.
Amazing opportunity.
researchandhold said //bp is like a stain on humanity//
whiteman - have you hacked my broker account or are you just ******* in the wind?
Morning sausage;-)
HEADER SAY ALL!
Expect NET share price rise weekly / monthly with strong uptrend in place.
Good time for company & shareholders in 2024. Worth the patience & wait 🦉
This could be all sorted by end of January, easy one bagger here all the way to 8p this will now allow for drilling and oil production which can go higher,
Funds clearing and dornod guvnor signing is all that stands in the way,
Header say all - expect ANY day now with company confirming fund transfer from MRPAM to Local Governor.
Funds already in account ready to transfer.
Multiple Newsflow / RNSs / Re-rates to follow from this key RNS.
Transformational 2024 come our way 🦉
Merry Xmas RandH and all genuine investors. Am on holiday in Singapore so keeping an eye out for Mike Buck lol
Merry Xmas Dozzawba- and all other genuine holders . Onward and Upward 2024 !
Ps Stain - I do hope you have a guiding star road to Damascus conversion and become a valuable contributor to the board n cross year. It’ll do you good
Would definitely help you with that barrel of booze RandH !!!
Sharedreamer :- you must be kidding :- BP would put a damper on the whole event ! Unless of course it was scheduled as all about him !!
“…that will send this share into orbit...”
Well, here’s hoping. I suppose everyone has their own definition of what “orbit” is. I personally think in the short term (1-2yrs) because of the delays it is 6-10p. But would be delighted to be wrong.
Have a great Christmas all. And fingers crossed for 50p “rerate” in 2024.
Have you checked if BP is available?
I’m thinking of having a “first oil party” and with friends and family drinking a “ barrel “ of booze !!!
RNS - final signature
RNs - Operational start / update
RNS - First oil production
Think everyone can see how multiple Newsflow / RNSs will follow now and this is just start.
Good to be holding 🦉
I can't wait until the day they announce the oil extraction has began!
This share I am sur will continue to progress this week as every day that passes is a day closer to the final signature that will send this share into orbit.As this event could be any day investors have started to realise the opportunity that this share holds. As a lth this cannot come soon enough as it has been a long wait
Looks like all you boys are getting ready for a happy ending
Cheers.