The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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It's quite because someone has been sleeping on the job. By now this should've been producing oil.
it's quiet... oh so quiet...
holding and hoping? i'm beyond that, now hoping and praying and i'm not even religious. too many posters spouted 'any day now' months ago and i got suckered in like the novice investor i am. only divine intervention and a miracle will get me out of the **** to be honest.
fingers crossed. a lot.
Yes BP. Amazing how quiet the posts are without WOS posting. I am not sure that silence is golden. It is almost too quiet.
Lull before the storm with luck.
It's all been said & without WOS's constant tedious repetition there is nothing more to add. It's just a case of wait & see what happens. I guess most people are holding & hoping. GLA
What has happened .has everybody given up .what is buck doing he needs to kick some ar-e i am getting totally pi--ed of with this share
Look everyone. Have you gone to sleep. It is 9 am and no posts. I will copy WOS text placed below to remind us why we are all here!
Enjoy.....!
Maybe really think about header & why I ONLY build up my holding level while other look at little price movement as big thing in life. Also my investing timeframe which is why I am always positive & not change with day.
- Mr MB have found oil, Cabibet have approve Special land access approval. Have done this under National Importance to make even more secure for company. All paperwork for signature with local govt (WHO MUST SIGN) and expect RNS any day.
- Mr MB have parallel development plan for est 3 BILLION in Toson Uul extension
- Mr MB negotiate deal with DQE to accelerate development for low cost / offtake & terms agreed with DQE head office for final signature. I expect this with local govt confirmation RNS.
(Development go ahead with production revenue with or without DQE)
- Mr MB bid for new blocks next to existing asset structure. We have at least 1 with fiscal term all agree with MRPAM (1 more fiscal term in negotiation). Some of new block BIGGER then Quatar
This one people UNDERESTIMATE and I say TAKE NOTE!!
- Mr MB enter Renewable space at PERFECT time with JV partner who have PROVEN experience & HIGH LEVEL contacts to get contracts - this is BIG!
Mongolia have world's BIGGEST Renewable potential & export market / capex investment source right next door in China. All recent top level talk between Mongolia / China mention this. Development Bank want to invest. Even US talk on it & EU group who visit some month ago.
- Enough cash until "at LEAST July 2024"
Mr Mike Buck have nearly 11 Million real share for reason & will give himself more option in future which he will deserve.
He has been genius in company strategy NOW (not past issue) because we are investor NOW we look at this.
People ask why I am always POSITIVE? Because nothing change to change this view & in fact only get BETTER / CLOSER to goal of £1 Billion + mkt cap company. Main thing was CENTRAL GOVT Cabinet approval - We HAVE this now. Rest "formalities" just like RNS says.
Also 20th June RNS talk about "MULTIPLE" near term Renewable contract news!
Buy or not. Progress to header company development well on way!
B/p: Finally!
Hope you do it this time!
Such sound and fury signifying Nothing!
Will you two give over your like two children at kindergarten
Ojay - you clearly have an issue with me so please filter me - as I am now doing with you. End of.
B/p - in that case you don't find me annoying, abusive etc. In addition to that you make pre-announcements (like "filtered") which you don't follow thru with - interesting.
Don't try to talk your way out of this: You clearly use the word "reality" although you are merely speculating. Is that how you want to get back at whoever it is? That's what kindergardners do!
OK - at least I now know in which category you belong.
Ojay - as I have explained before I frequently filter/unfilter BB posters who I find annoying, abusive or simply ridiculous. Surprisingly I have no one filtered at present, not even you!
WRT to speculating, 90%+ of the posts here are speculation (yes - even your Saint WOS). Without it the BB would be a sterile place indeed.
Doc83,
thanks. Good luck
JADE Gas Drilling in November.
"Jade Gas" company plans to start pilot production in 4 wells from November
Jade Gas, a company listed on the Australian Stock Exchange, has announced that it is close to starting the pilot production of the coal bed methane gas project in Umnogov province.
Drilling of the last well of the program, "Red Lake-15", began on August 22. The depth of the well reached 563.9 meters on the fifth of September, and 25 meters thick gas coal was discovered at the depth of 524-551 meters. As a result, the four vertical production wells, "Ulaan Nuur-5", 7, 11, and 15, have met the requirements of the soon-to-be-started pilot production program.
It is highlighted that more gas is expected to be discovered by cross-wells in the future. It is also estimated that the pilot mining program will begin in 3-6 months.
The company has signed a contract with "Major Drilling" for its drilling program. The first well of the cross-production program will be drilled in early November.
Regarding the progress of the project, the CEO of "Jade Gas" emphasized, "We are pleased to confirm that we have discovered additional gas coal in the Red Lake field. This brings us closer to the start of the pilot production program that will begin in November."
Badprophet,
thanks. Good luck
Apart from the fact (reality!) that he has long ago "filtered" me b/p appears to have a crystal ball and consequently knows what is coming, i.e the future which typically has nothing to do with "reality".
It would be wise for b/p - who claims to have filtered me - to mark his posts so that everybody understands that he is speculating and knows nothing about the future.
Thanks Notpleb,
That article was May 2022 and since then they've complete the EPC Phase 1
From may22
https://www.montsame.mn/en/read/297486 link if anyone's bothered about whole article
Ulaanbaatar /MONTSAME/. With aims to establish an oil refinery based on available supply of commodities, meet domestic demands for gasoline, and launching domestic production, a comprehensive construction project is being implemented in Altanshiree soum, Dornogobi aimag - the project of Mongol Refinery State Owned LLC.
Planned to be put into operation in 2025, the construction works were recently launched. Its detailed feasibility study was approved by the Mineral Resources Professional Council at the Ministry of Mining and Heavy Industry on November 15, 2018.
They said they have enough cash until June 24(?) but with no substantial income stream they won't want to run it to the wire & jeopardise their salaries!
//When would the cash raise be?//
Possibly before xmas but maybe Jan/Feb
I think they'd try to hold off until at least February... 2 cash raises within a year would not be a good look.
The hope is that we finally have this all resolved and the SP does indeed go double figures. Then, if there is a raise, it'll hopefully be from a much higher SP and I'll already be out!
Badprophet,
When would the cash raise be?
//The truth is brutal sometimes, particularly when it hits you unexpectedly.
You really can't win 'em all - better to deal with reality.//
Aye - no oil sales this year & another cash raise. Brutal reality!
Jimi: Extract from your post “not that it's of any importance to PMs operations” There is a possible issue to be addressed or finessed regarding the Government’s production share (40%) and royalty 5%. Assuming Heron is producing MG’s entitlement either would have to be exported or stored.
Looks like we've got another bad sport on this BB.
The truth is brutal sometimes, particularly when it hits you unexpectedly.
You really can't win 'em all - better to deal with reality.