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Ok Mr fighter why don't you do something to fight buck who then fights MG to win the LP, stop telling us this just go do it, we don't want to fight,
Thanks
Iamrich, in order to understand my position, you would have to be not a co-owner, but an owner of at least a medium-sized company with millions of turnover.
But, you obviously weren't, so please don't teach me the wisdom of business and the principles of running a company. The true leader is this fighter, who must be able to fight for his company and win, otherwise he will inevitably lose it. This is exactly what MB has been leading company from the very first day of its appointment. Who for the fifth year has not been able to solve the most primitive LP issue, the solution of which, by the way, has nothing to do with pandemic.
Top Sliced around 4.75p. Still in. LP will land when it lands. Another Bounce eventually will be above 5.00p (for now it seems 5.00p is ceiling). Any further weakness in SP and I will Top up more (but it got be the price I mentioned in my previous posts). There is a reason why SP keeps Bouncing and it is obvious. AIMO DYOR.
Manro, not sure what world you come from but the CEO seriously acn not do anything more other then wait for the MG to run through their process, his pushing and talking to the right people and we just have to plain simple wait for land development to get back the comments fro other ministerys at their own time or given time frames
For you,you just want to make a quick buck and move on, but for the MG and buck this is serious business and needs to be done properly and a few days weeks and months means nothing to if things weren't done properly their could be serious consequences for all
Yes things took long but we have been through a pandemic with a full stop for a few years nearly on top new goverment trying to sort everything out plus corruption within
Loads happend and loads didn't happen, life mate so chill out and stop trying to take everyone to court over it
Dreamer's opinion.
However, there's not much - other than bailing out - you can do about it.
GL
Thor, agree I have been saying the same for a long time,seems people continue to make up things in their heads, it is nothing more then we are told via RNS
LP is incoming and will drop when people least expect it, from today's RNS we can see progress is being made land and development seem to have be the ones maybe drafting this permit up and after other ministerys make their comments then cabinet just simply sign off on it, think it's the ministrys who have the real say here
I don't like many of master82's comments for his unfounded optimism and lack of any criticism of the MB but fully agree with his today's ones. Especially with the fact that we are again in the dark when the next cabinet meeting will take place and what actions he is taking "to conclude this process". After all MB must understand itself, and therefore bring to the attention of all members of the cabinet that many years of arbitrariness and delay in resolving the LP issue has already led to enormous financial losses for the PM and its investors. And if so, then everyone who is guilty of this arbitrariness can and should be held accountable and the inevitable payment of huge amounts of compensation to the company must follow.
What's to 'trash' in the company? They appear to be doing everything that's withing their gift rather well.
They run on a shoe string budget, have a near, medium and long term plans involving oil exploration, production and renewables and are increasingly integrated into the Mongolian Government's consultations/planning with increasing influence these processes.
Well done Petro Matad!
It's taking an age for sure but that's not Petro Matad's fault and the Mongolian Government do appear to be moving forward with Heron. If there were conspiracy theories about the Mongolian Government trying to delay things they'd have taken much longer to re-circulate the paperwork around the various departments prior to re-submission to Cabinet.
And if they're supporting it as case of national importance too then that'll now be two well informed and supportive Ministers advocating its adoption around the Cabinet table.
When the Heron RNS lands to say that it's all been sorted the posts will all be saying how it had been clear all along that that was always going to be the eventual outcome.
Hindsight is a marvellous thing, but investing works best if you get in before this point.
Once dust settles the share price will correct itself, everyone's waiting on the LP which is the main event as heron will start production and the institutions and big players come in
Velociraptor giant bonus if comes in, but looking good from last drill at snow leopard oil shows
The price is what the price is. This is the value at this current time. Its like roulette black or red? Maybe we will see 30p maybe we will see 2p place your bets but only put on what you can afford to lose. The ball may land on 0 and we lose half our investment. 30p black drill isn't a duster and we get lp. 2p red Its a duster and no lp. Lose half on 0 another placement.
True to an extent Philboro but when you've been invested in Rockhopper drilling in the South Atlantic and seen the share price plunge 30% in minutes only to rise back to baseline over the next hour for no apparent reason you have to figure that someone's pulling the levers?
They get to set the buy and sell price of the stock and that can certainly be used to encourage sentiment one way or the other.
As a by the by it was interesting that Monday and Tuesday were significant 'up' days after a run of down days.
And immediately before the Spud RNS.
Coincidence?
Rig on site and has spudded in with no problems.
Conditions good, prospects good
The biggest manipulation is by certain posters on these BB boards...
"LP is now just a formality, all has been agreed. LP RNS within days " sort of thing
Other than blatant rampers, there are those who point out inconsistencies in ramper logic and a few who get a bit hysterical at times.
I don't see many (of any) posts trashing the company, although a few understandably are frustrated by delay and lack of transparency and comms.
(That's probably a deramp post for some)...
All this talk of manipulation, the MM's as their title suggests just create and move a market, they don't set the price but use peoples emotions and load up when folk panic, they create a market and make money accordingly, no MM forces anyone to sell, that is your decision alone, if you think the fundamentals are there then the price, Mcap etc will eventually rise, the price falls because people are panic selling, but if people are selling then peole are buying, hence creating a fluid market.
@Wolverine007
Well said. Unfortunately a lot of people are stressing themselves because they have no idea how the mms operate, and the tricks that they play. They think the price action is based on solely on fundamentals and news.
Down 8% when the number of buys and sells are pretty much the same = heavy mm manipulation.
Don't get fixated solely on ' news. '
Bounce rowing as people see what has happened this morning.Nearly all my buys showing as sell a late posting of a large buy and one can see that really this stock should have gone up today.Maybe by the end of the day we will have a better picture
I can only see this RNS as good news. V1 is getting drilled on time which we all know could be huge.
The big news for me is that the special permit has not been delayed by the other ministry. This was my big comcern but today's news has put my mind at ease. They have completed and circulated it to people who have seen it before. How do we know this. Well simply because they were one of the ones who it was circulated to the first time. The repeat process did not take months and I believe the SP is now a done deal. There is no reason to believe the next step will take a long time so maybe before the raptor result even. Plenty of time to workover Heron and drill another couple of wells there. Who knows we could go into the winter with Five oil wells that all have oil. Three of them producing. Six if you include gazelle which is still sitting out there. GLA keep the faith.
MM manipulation of the highest order. Absolutely no reason for drop when the news is positive. MM accumulation in play. sit tight and once they have enough shares sp will rise accordingly. GLA
Excellent time to buy.
Nothing adverse in the news so just help yourself after the dregs have trashed the company.
Thanks!
It's easy to not see the wood for the trees at times.
Posters will be screaming about how the company is a 'joke', demanding more updates and compensation from the Government. It can build into a self fulfilling narrative and the Market Makers know this.
That's what they're doing now. They're making money by encouraging trades, dropping the price to fuel the Bulletin Board hysteria and crank up investor anxiety. It's what they do for a living, literally.
In time everyone who's going to sell/bail will be out and they'll start to crank it up again. Expect some spectacular intra-drill drops too 2-3 weeks in to take out stop-losses, then, Hey Presto... up again to where it started.
It's a game so know the rules and try to win.
As far as I can see Heron is going to come good and the company and its shares will respond accordingly.
Anything else will be a (very big) bonus.
Decline has halted and price paid starting to move up.Lets hope the share recovers throughout the day
Thornogson- I love you posts , such clear sensible thinking . Everyone take note and calm down.
I think they should have work experience/open day style opportunity for shareholders to see exactly what happens in a company on a day to day bases. Every 6 months they should have a week of open days for investors to see and decide if its a right company for them and maybe have an input to improve the company operations.
Hoping this does bounce from here but until LP comes or positive result from velo it’s just a cash burn I said it would drop if they released more news without lp