Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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Totally agree Doc.
We have a lot of loose ends which show promise and hope with encouraging strategic thinking, but no solid facts or stated reasons. IOM meeting and new co Petro Matad Energy Ltd being one along with the MG delegation for a second. Also the renewable energy drive which seems to have been downgraded to an internal need for power to pump our oil on our sites with possible extension to a bigger game in the countries drive for renewable energy. (Did MB really mean it to come across like that in his last interview?) Etc etc!!!!
An open Q&A sessions would leave us all so much clearer and happier.
Velocoraptor - so as a LTH that means you must always be positive?
I'd say a sensible investor should absolutely challenge the logic, and the management team for that matter. MB should do a Q&A more than once a year at the AGM. For example, I'd like to know more details on the IOM meeting with MG reps.
Sadly, it looks like a wasted year. The shops are already getting the Christmas decorations in! But let's hope MB and the MG pull something out of the bag for us.
Add me to your list Landi . No oil this year . Another wasted year for sure .
Are you though? You don't act like it and you don't behave like it.
DP, Even IF they have a trickle of income, what is the net $ per barrell to PM which is never discussed let alone the price per barrell. You only have MOU and 40% going to goverment being trucked hundreds of miles probably only six months of the year. How many trucks at your disposal and then storage and that is to satisfy the companies 3m expenses.
We've hit the bottom, as it falls to 3.4p on the bid!
N1 - I asked yesterday if you could elaborate on your view it was easier to buy/sell yesterday? I've never had any such issues.
//As I mentioned yesterday it was easier than most days to buy and sell shares//
I don't know why you should have any difficulty in that regard. Most folks seem to buy/sell at will.
BTW - the drilling season will end shortly so even if there IS production from Heron 1 it will provide only a trickle of income until other holes might be drilled next year. Cash raise inevitable IMV.
No I do not think it will go to that price. If anything I think it is already at rock bottom and in my view should take off from here .As I mentioned yesterday it was easier than most days to buy and sell shares
I don't understand what you mean by no progress has been made? That's just not factual
We have an exploitation license and we have special purpose certification for the whole area and we have 60 million barrels of recoverable oil. Plus a lot of other things in the background.
My personal view is that is pretty significant and the value to shareholders is overdue to catch up to the news. We should have been at 10p plus already, on the exploitation alone but it will catch up quickly once the formalities are concluded.
Cheers
//Do you think it could slip back to the 2.5 level ?//
I think it will if there is no production (& progress with DQE to drill more wells) this year.
//shortly followed by massive good news via RNS//
Aye but those "good news" RNSs (& interviews) often cause the SP to drop!!!!!
Nothing has changed since last year.
Same old interviews and same old news.
No progress has been made this year.
Still waiting for the LP which should've been here months ago.
Why was the CEO not in Mongolia where he is facing a huge problem. He should camp outside the mpram office until LP is in his hands.
Not fk off to Singapore
Gosh give it a rest derampers. Been away for a week, same drivelling people sprouting end of the world nonsense.
I would assume MB in Mongolia for meetings and progress, not for sightseeing tour with Mrs Buck
It's always interesting to see the "it's all over this year, Mike Buck should go" brigage, shortly followed by massive good news via RNS
Nothing has changed, SPL approved, work ongoing, workover and multi well DQE deal in final sign off. Many other upside announcements due on other matters
As always, you are welcome to sell me more shares. Investors know that this beast is about to wake up.
Good luck and hoping for a positive update shortly
//MB is the problem//
To me he looks rather old & tired. I think if there was an acceptable & allowable takeover bid he'd be off like a shot.
MB is the problem. Its pointless him being in Mongolia because he will be relaxing in his hotel.
He is the one who has got PM in this mess.
5 years of failed management . He is our biggest downside as he has no get up and go attitude.
Too many years of getting away with doing jack and he has become a 🦥
Totally agree with you. My next target buy in price was 3.5 but am thinking of waiting a bit longer now. Do you think it could slip back to the 2.5 level ?
So I took a look at a monthly chart going back as far back as June 2013. When you look at a chart like this you can see the pattern very clearly - repeated spikes followed by dramatic fall backs to a support line around the 2.5p mark. So I counted 8 or 9 spikes in that period, with one major one to nearly 40p in Feb 2017 when there was no exploitation licence even. All the spikes were followed by equally dramatic and sudden falls back to the support levels. Five of the spikes created a strong resistance level at around 10p which it has bounced down from several times.
So this has been a game really for the ' smart money' ie the MMs and short term traders who trade in phase with where the smart money is - so for some a short term traders dream.
It's very obvious when you see a chart like this that the smart money has been accumulating at around the 2.5p level, and then distributing around the spikes. One accumulation phase lasted for the whole of 2020 and up to April 2021 with just one mini spike in June 2020 to 4.7p during that time, when the smart money offloaded shares that it had accumulated as low as 1.8p around March/April 2020 - so that's still around 250% profit. Nice work if you can get it...
So in summary you can see from a long term chart like this at least 5 long accumulation phases, followed by around 9 or 10 ' sucker rallies ' which locked in weakholders , so that they could then be shaken out when the price was suddenly dropped, or their stop losses hit. By the way, that artificial and very vicious price drop on 07/10/23 to 1.8p followed by a ' miraculous ' sudden recovery just a few minutes later, was a drop to previous support levels which is very obvious when you look at a long term chart. That's purely because the MMs knew that lots of stops were placed at around that level....
As long as MB is in Mongolia the chance of H1 production is high.
My bet is that H1 will be operational soon.
I really thought it was going to Looking at the charts, not happy that it broke downwards. Game of odds, must be due a blue day 😉
Ben - I'll file that with all your other posts where you said this was going to POP! LOL
Going to be a blue day here
Going to be another BEM.
Just a guess but perhaps this may have something to do with the formalities delay, it's certainly looking likely 2023 is going to be another wasted year. https://mongolia.gov.mn/news/view/26772
WOS- //If you really do not think RNS coming do not hold share. Who force anybody?//
WHY? - because folks think the SP is at or near bottom so the only possible way is UP. Unfortunately they are being proved wrong almost on a daily basis.