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It'll rerate only when dates for workover are set
There is a huge disconnect between the 26.7p research Analyst price target and 5p
This gap needs to narrow as you will see in coming days / weeks.
LP re-rate unfortunately got stopped short coz of v1 result. After careful analysis for past 3 days market is just realising the disconnect and realising this got way OVERSOLD...simples.
Multiple near term RNSs due should help you arrive at right answer ;)
Landicaamans could be .
Or it could be next attempt by some traders to induce some FOMO and profit from it.
DYOR
Make party soon.?.
(big celebrate ....without feather, Sir.. Mr Wise Owl B+l+s deep in the middle of things.. while Mrs Wise Owl shop for new shoes..)
Exciting times ahead folks. See you all in the morning for another 20-30% rise. GLA
On other matter I know some trader try to encourage holder to sell (for holders own good) LOL.
I would be very careful because Nadam national holiday finish this week & MANY RNSs expected in Q3 with real value of Heron / Block XX unlocking.
Double digits coming & do not think any trader talk will stop it ;)
Be happy & happier soon :)
Mr Nathan
I always ask please do own research but if you are genuine & we can help with reference knowledgeable BB posters will.
You question whether Heron even exists? Yes it does.
You ask "The Heron oil discovery is in a remote area of Mongolia which could make it difficult to develop"
Sir please u derstand most of Mongolia is remote apart from capital Uluunbaatar.
Refinery is prioritise now and should be operational 2025. Until then all oil is truck to Chinese refineries. This is less convenient then domestic refinery but is well used and will not be problem.
What I say about research please listen to what mr Mike Buck (CEO of Petro Matad if you do not know) say on matter.
"Mongolian produce oil process truck through China and sold to Chinese refineries benchmarked to globally traded crude which is about 5% discount to Brent"
"Trucking & operating costs are recoverable under the contract so you get those back" - 12 min 30 sec into video.
https://youtu.be/AzHbQpedtMI
Hope this help ;)
I think you're right Mr P.
This is all looks like going in the right direction.
Let's see
Expect strong day tomorrow ahead of RNS next week.
Potential +30% up day tomorrow with an outside chance of flirting with 7p en-route towards 10p near term target next week.
Anyone who ever discloses their umber of shares owned, how much they reckon they're worth or how much money they supposedly make on trading (especially if large amounts) are most likely talking out of their ar5e5.
Possibly a bit insecure or needing validation.
Rookie72, personally I don’t think it will take months to get 26p. I’m sure you will be pleasantly surprised.
Remember, our status has changed with the issuance of the LP. We are now a producer. A slight sniff of a takeover and boy we will be in a new dimension. Pennies will be in the rear view mirror. In the short term I can see 35p. The re-rate has begun. As the header states, ‘the rise is now more organic’.
This is a little bit more like what i was expecting but this is just the correction back to where we should always have been. Once we get some positive news then we should start to see the real buyers coming in.
My only concern is that RNS writing and MB are an analogy as regards putting over positive news. i am hoping that over the next month or so this will re rate to around 15p that would be great.
Looks like all the sells are being hoovered up quick smart.
6p tomorrow folks...might even have a go at 7p
MATD does its own thing.
Great to see happy traders getting out now...hope they have made a good profit.
Nathan, if you are still concerned,why not just sell up now and let someone else have your shares ?
Jeez, there are some mad fantasist on here, oh well, if it makes you happy
I been here just before the discovery of oil....as long as the 26p comes I don't mind when it comes, I have been here long enough a few months more won't make any difference to me.
Nathan.. was your dad a glass maker ? as you are so frikkin transparent
Out #5.30 one happy trader.
If this drops i might be back. Otherwise good luck cheers
Got to be a wind up this!!!!!
Pmsl. There was a lovely photo of Heron site being prepared with active PC wells close by. So plenty of time up options. Just re read all the RNS before and after sweet naturally flowing oil at 821 BPD came gushing out of Heron. Infrastructure is not your worry I’d say it’s how much you’re going to lose when closing your short position. I’d hurry up pal
Don't worry Nathan....There's 60million barrels of oil under that car!
Enough to fill his tank and move on 😏
That Russia could drop a big fat atom bomb on the Heron area. I just hope all investors are prepared tor that scenario.
That is (hopefully) a joke of course. But when I read all the comments on this BB I sometimes get the feeling that some posters believe they can make wierd predictions.