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WOW - 9 green boxes overnight. You guys must be apoplectic!
Corpse: Well in that case please explain to us why you are not bailing out.
Mr Corpse
You do not run company. You are same person who think Heron is exploration well LOL
Company official accountable statement & not from anonymous BB badly research poster -
"THE CURRENT CASH BALANCE IS SUFFICIENT TO CONTINUE OPERATIONS UNTIL AT LEAST JULY 2024."
Look like you afraid you will get caught out of investment mr Corpse. Think you will ;)
Mr Wolverine all depend if I take time with post or not. When I post research about COMCLUSION OF AGREEMENT must write exactly but thank you for compliment sir lol
Happy 🦉
Really WOS and the rest all your posts are rockets and predictions and multi bag rubbish, your research is dismal. The rest
is ramping of the worst kind.
So lets dig into the numbers, shall we.
At 30/6/23 your cash position was 800K, revolving deposits 7,575K (3 months or longer). The companies running expense per 6 months is 900K, so by the end of year your cash has gone. By the time you get everything signed off
it will probably be another year, so reduce your deposits to 7,575k - 1,900k leaving 5,675k $ to spend end of 2024.
Other expenses SunSteppe Power LLC will probably ask for further funding, amount?
Your property and plant valued at 286K $ for such a big operation you in visage those numbers are light
to say the least, so further cost can be added to reduce cash deposits.
Then you have further costs of workover, plant and further infrastructure to be put in place, legal fees and the rest.
If you get the oil out the ground it needs to be trucked and the tankers hired or bought and oil stored and the rest.
You have no handle of those costs or even the price per barrel you may get and the net return to MATD.
I assume from past podcasts there are further wells to be drilled if they can find further hydro-cardons that these
were to be funded from last capital raise as indicated. Not that the company has been successful in previous drills.
So my point of 10M $ would probably need to be found on top what you have now and yes i do research not that i have seen any financials here or discussed, only rockets and multi-bags, jesus. Any rises due to news will be sold out as investors switch to safer investments and fixed income. At the moment you have only oil in the ground with small cash to workwith and WOS's rockets and merry xmas.
Your
WOS - your command of English and grammar has suddenly increased leaps and bounds :) :) :)
Ojay - I’m afraid it wasn’t me that had one of your posts removed. If my memory serves me correctly, I’ve only ever asked for WOS’s posts on other boards to be removed where he went over to them for the sole reason to disrupt because I was there. And iamrich’s foul-mouthed message to me many months ago, which just had no place on any bulletin board.
I am just HAPPY for myself & fellow holders!
My full holding secured, Christmas will be relaxing & 2024 should be magnificent for all fundamental reason discussed 🎅💰
Staying focused on investment bring it's reward 🦉
Thornogson: I'm with you all the way. It's just that some of the posters on this BB don't seem to be really interested in "a nice and relaxing Christmas" (wierd but what can you say?).
Next one to two days?
I'll be more than happy with one to two months to facilitate a nice relaxing Christmas and expectant New Year.
Seems some are desperate to get in and afraid RNS landed says it all!
RNS tomorrow or Monday?
All paid for as WOS says, cost sharing arrangements discussed with the drill operators and they've previously had soft loans from Petrovis to keep the show on the road.
They've also has straight equity raises without issues and this time if they went down this route in the knowledge that the funds would be used to flow test Heron 1 and start Field Development there might well be a significant post raise appreciation in the Share Price.
Let's not mention Death Spiral fundraises though?
2 workover max we would have H1 into production.
Great revenue. Oil price over $90 and soon over $120 if not more.
H1 equipment all paid and ready.
Rerate on the card in a matter of days now.
Do people read RNSs / Research company before they post?
Also not "exploration" Mr corpse. Oil asset already in place ready to workover for PRODUCTION REVENUES! 💰💰
B/p simply doesn't understand that his personal, individual and highly biased opinion (esp. due to his unsucessful trading) does not reflect the "realities of PM's situation". He should have the grandeur to accept that and not try to negatively influence other posters on this BB.
Please do research, research, research before you post 🦉
Heron 1 all paid for actually sir ;)
LM and BP both correct, monies needed probably 10m $ to get this off the ground with all the correct paperwork. To be funded, shareholders will have to dig very deep oil exploration does not come cheap as most think here.
"Any evidence to back up this assertion"
Go back thru some of Mr Mike Buck interviews & come back to us sir. Many already have put in the time to research
Listen all the way thru🦉
LM - I've been trying for many months (without much success) to get some of the contributors on this BBs to recognise & accept the realities of PM's situation in Mongolia. If you can convince them in a single day I will be very impressed!
Scaramouche: I'm sure you know what you are talking about - go give them hell!
I'm all for Wyoming!
The oil's there. Paper is needed to monetise the asset. Said paperwork will increase the share price significantly.
Might more money be needed? Quite possibly or even probably?
Actually definitely.
But not much. Proportionately about as much as it costs to buy a key that's able to open a safe that's filled with £50 notes.
With permission to extract they won't be short of funding options and even without this they'll have options.
Time and paper make money, lots and lots of money.
Enough until at least July 2024. Research should tell you this
If you do not think PRODUCTION / REVENUE in before then do not buy.
Simple 🦉
Maybe read my post yesterday at 06:57 and today at 09:17
This is research thru Dornod administration records
Stay focus on investment not number of posts or bad research traders
Be Happy & Wise 🦉
I can't help thinking that 75 posts against 12 trades says quite a lot about this BB.