We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
By the way its the Mm's who steal your money... a 66% drop for 1 minute yesterday.. activating stop losses for their own greed and making nervous holders wet the bed.
Ai. The same guy who said LP wont be granted.
..in that case im going for 20p next week! ;-0
We are being overun by rampers. Rampers are everywhere, more come every day. But I will hold the line. I will fight these rampers. They steal money and have no heart. RAMPERS, you will not win.
Tomorrow i will post the july ramper rankings and be prepared rampers!!!
Pm has enough money to put 5 wells on production.
Heron 1 equipment paid for. Say another £500k to put it online.
4 more wells at 2mill each and you will still have change left over
Spot on Mr p.... and all that wrapped up in a current Mcap cira £45m.. the upside is clear to see and if Oil price ticks up its more in the pot.
Of course there is always risk etc but the upside far outweighs the downside in my view..... especially from this current price point.
CJ
Have you not read past RNSs ?
Cash position is clear if you make the effort to check. We had $11.7m cash less $1.7m drill cost for V1 less say another $1m on other payments leaving $9m cash balance.
Heron wells are low cost around $1.2m - $1.5m each. We can bring 4 wells online. DQE multi-well drill programme will be Self-funded from Heron Oil revenues.
Block XX wells are low cost wells. That is why NPV10 value for 50MMBO @ $60/barrel is $312m
At $77 Brent less 5% discount NPV10 values rise close to $400 Million.
And for the record, I am not trying to change anyone, everything I say is opinion ONLY, it's just irritating the amount of barking from some quarters, the "everything is perfect" brigade. Get real
MB will want to keep good news flow and let the market know we are now going full steam ahead on Heron…. News soon my guess
Yes and that is probably the reason why the SP is barely moving despite the positive news on LP. Because Mr. Market knows that what was once 10p per share will become only 5p if we either A. Dilute via Placing or B. Dilute via farm-out
So in just three days we've had the company valued at a range of between 1.8p to 6.5p which is something like a 350% difference. I know that the crazy drop on the open yesterday was all about MM manipulation designed to hit stops, however this kind of nefarious activity was taken to a new level yesterday.
Although we may be heading towards relatively calmer waters ( that's not hard ! ) I still think that there will be a fair bit of price volatility to come in the lead up to, and just after RNS releases. So I have allocated a certain % of my holding to top slicing wherever I can. I think that it's just too stressful to leave it all in there and ride that likely volatility come what may. And the way things have gone in the past with MATD I wont count my chickens until oil is actually flowing and the company is bringing in some revenue at long last. From now on Mike Buck needs to just 100% focus on the task at hand , and not get distracted by anything else for the time being.
Cj1986 agree MB should now give an update on strategy and cash position.
If hé doesnt and time passes more and more people will focus on dilution again.
So now time to step up ot maybe hé doesnt know either. Will find out soon enough.
For the LTH hete which have no doubts what so ever that should be good news as well as they can buy more cheap shares.
Dont try to change other people just profit from their behaviour if you have a different view. Dyor
We all have our own thoughts on this but it would take some placing and dilution to fully fund Heron... I'd say a JV partner is more likely but just my opinion.
"Is this fishy..?"
"All negative news is out of the way..."
Wow, we really are delusional aren't we? I mean in the most polite way possible we need to remove the rose tinted glasses here.
News was leaked, not acceptable, and as much as I pray we genuinely don't have any more negative news I'm sorry but I can just see us suffering huge dilution.
If MB wants to look after shareholder interest then he can do that by informing us NOW of the company's cash position, confirming that we are indeed fully funded to Heron oil and that revenue from Heron will cover future expenditure. Confirm that we will not be raising via a share placement and at worst create a proper open offer available to all, PIs included with the option to exercise warrants later - thus showing a huge degree of faith in an underlying minimum future value of the share price.
We still have silence, after what was an obvious news leak and market abuse. It is not good enough.
I thought the biggest realistic price catalyst was the LP!
We got many price moving catalysts ahead of us.
Heron very close to monetisation with Oil revenues set to grow substantially as more wells added along the way with DQE multi-well drill programme.
Brent crude price is pretty good.
All funds now will be deployed in growing the Oil revenues from the Heron oil field and the highly prospective areas around Heron.
Master............no MB is probably doing the Yak racing !!
On the local naadam "Holding Time: July and August, and the festival usually lasts 3~7 days"
"Naadam" is Mongolian, meaning "entertainment, games", which expresses the joy of harvest. Naadam Festival is a traditional festival with a long history and plays an important role in the life of the Mongolian people. Traditional events of Nadam Fair mainly include wrestling, horse racing and archery. It is the best time to feel the bold and hospitality of the Mongolian and get a better understanding of the nomadic and grassland culture.
Type: Mongolian Traditional Festival, Grasslands, Minority Culture
Holding Time: July and August, and the festival usually lasts 3~7 days
https://www.chinadiscovery.com/inner-mongolia/naadam-festival.html
Yeah bring on some more fish 🤣
If this was staged, it could show an amazing depth and strength of relationship to be able to get a statement out of the government, before certification has been made, to protect the sp and prevent matd from becoming a basket case investment.
It is curious and I think we are very very lucky indeed right now!
If MB did know V1 was a duster and was holding the news because he was confident the SP would be approved in those cabinet meetings then at least it shows he was looking after shareholder interests. I think we deserve a bit of luck. Even if someone had a thumb on the scales at the fishmongers!
Theres the local governor shooting arrows at MB.
Celebration started yesterday
https://fb.watch/lIM8PToggz/
Manx, it may well have been planned/staged but it helped us this time so I'm happy with the fish smell 😬
And I do like fish! Especially kippers!!
I would say it is more of a close shave and we are hugely lucky. But the timing is very coincidental!
It might just have worked out the way it was delivered. But you do wonder how long they may have known that V1 was a duster??