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Crikey! What a first post. Right into the owls ramp path.. i topped up today as its worth a punt. But £4 a share.. hmm
Which reminds me .. party 'with feather, Sir(s)' pushed back a bit, perhaps ? As long as it happens in the end, then fine by me.. indeed maybe we just go straight for the without feather party when we have the party
I see the same message thousands of times, over months on end, from some of you.
(no names, named from me out politeness though, Sir(s))
Does everyone else see the same message three times
WOS: “Think you are wrong mr recession”
Oh bore off. You don’t have the right to tell anyone you think they’re wrong when you’ve never been right.
Separately, it’s laughable this is apparently a matter of national importance. Important, maybe but doubtful. Urgent? Clearly not.
I bought more this morning after the fall back on the update. I have long term holdings in Petro Matad but because of volatility in this share I trade as well which has been profitable to date. Even if there are setbacks and the SP falls I have belief in this company and its potential. If my trading buys become additions to longer term holdings I am just as happy. Been out today and found the post referring to Manxkeepers first post. Having read it I agree it is an excellent post and "post of the day" comment by Hamm is deserved. Welcome.
Hello, everyone..... what ever your thinking"?..... just remember the following:
1. MG is in effort to build on the credibility of forign sentiment to invest in Mongolia"!.
2. MG refinery is set for operations in 2025.
So MB and MG are not going to "screw any investors out of there positions", Very simple,.... rather the MG is doing everything to bring it's goal forward", that is to make Mongolia a very attractive investment opertunity for mineral reasurch with "Forign companies" and forign investors.
the water in the pot" is starting to get hotter", i can see the bubbles in the water"!..... soon the water will starts to boil"... and our SP" ... is going to go -up"!.... more than all of us could have ever expected"
Happy Day all"..
Hello, everyone..... what ever your thinking"?..... just remember the following:
1. MG is in effort to build on the credibility of forign sentiment to invest in Mongolia"!.
2. MG refinery is set for operations in 2025.
So MB and MG are not going to "screw any investors out of there positions", Very simple,.... rather the MG is doing everything to bring it's goal forward", that is to make Mongolia a very attractive investment opertunity for mineral reasurch with "Forign companies" and forign investors.
the water in the pot" is starting to get hotter", i can see the bubbles in the water"!..... soon the water will starts to boil"... and our SP" ... is going to go -up"!.... more than all of us could have ever expected"
Happy Day all"..
Hello, everyone..... what ever your thinking"?..... just remember the following:
1. MG is in effort to build on the credibility of forign sentiment to invest in Mongolia"!.
2. MG refinery is set for operations in 2025.
So MB and MG are not going to "screw any investors out of there positions", Very simple,.... rather the MG is doing everything to bring it's goal forward", that is to make Mongolia a very attractive investment opertunity for mineral reasurch with "Forign companies" and forign investors.
the water in the pot" is starting to get hotter", i can see the bubbles in the water"!..... soon the water will starts to boil"... and our SP" ... is going to go -up"!.... more than all of us could have ever expected"
Happy Day all"..
Master you said it again. Glad you did.
I have said this on numerous occasions.
No amount of ranting, ramping, deramping or name calling will make the slightest bit of difference to the sp.
Only material facts and information from the BOD changes anything.
Atb
Manxkeepers first post but the best post for today. A poster with a common sense.
Thanks, please keep up a good work.
Ninesandytoes, great info, but are these cabinet meetings ?
Meyanna, Meyanna....LP tomorrow. This is becoming seriously old and fast. Years same on Sh#te. It might come, might not. But it ain't worth hanging around for with 20% swings against.
Now were up Sh#te creek. Boom or bust on V raptor. Might be slight pump after spud and prior to result to get out, but make no mistake. I
This is a leaky ship with yet another cash raise if worst case scenario of V rap.
Clearly this " National Importance" is not thag important. Says it all. I have been stung today.
This dept seems to hold a meeting every two weeks. If today's meeting did not include us lets hope its the next one. There will be at least three of these meetings before raptor results and there were at least two special land issues discussed today so this is hopeful.
On another note the activists have been discussing the next Dornod governor. She appears to be a Harvard educated woman who is currently a deputy in the internal affairs ministry. This is where one of today's special pernits was landing which is interesting. Also interesting that someone who has experience of dealing with foreign investment may be going to this province. Fingers crossed.
Think you are wrong mr recession. Think process will be FASTER because Ministries all have given submissions before & will be same.
Also will have price momentum build up toward drill.
You see price drop fast then very stable at this level. Think lots will start to BUY back in quickly sir & BLUE day tomorrow
After reading this part of RNS, I decided to sell this morning.
"However, the Ministry of Construction and Urban Development has insisted that as the ministry responsible for land issues, the Cabinet submission must come from them. As a result, they are repeating the step of asking all other ministries for comments after which we expect they will make the submission."
As per above, it seems to me IMO that it might take a while (I may be wrong and I hope I am wrong) to get LP.
IMO the share price may go further down. IF the price is around 4.2 or 4.3 then I Will be back again.
AIMO and just observation. DYOR
Mr Manxkippers
Why you think we top up so muchbehike others "whinge whinge whinge" ;)
It doesn’t help that our CEO is a drip. It takes a strong personality to succeed in business in corrupt countries. It’s not just a case of greasing the wheels but following up making sure you get something in return. I scratch your back now you scratch mine. You don’t roll over in hope that one day you’ll eventually get what you want.
* now offering support for the wildfires…
My favourite bit of the Heron part of the RNS is this:
“At the local level, the Company continues to engage with stakeholders and has also offered support to the province which is suffering from wildfires on the steppe due to recent dry conditions.”
So basically, the previous bribes of building wells sorting out their waste failed, so they are not offering support for the wildfires. Presumably this support will be financial of some sort and not MB getting his erm, hose out. So more of shareholders (our) money being handed over in Jiffy bags. Am I really the only person here that is annoyed with this?!
Will this bribe - sorry, support - do us any favours.? Time will tell.
I am not worried at all about the update today. It is quite promising on consideration.
As follows
1: I can see in a relatively new and undeveloped land of opportunities, that if the MMHI were to issue the tenders for the prospecting blocs and then take control of the Special Licence Permits, railroading the thing through, then this may be seen as a conflict of interest. I would rather PM got the licence correctly from their revised ministry and without later challenge, so when the wells start pumping oil, it is cast iron and safe income.
2. A new block is on the way, and potentially more than just one. The visit to the IOM was key and having done this, the inference in the update is that we are very close to this being announced. The Mongolian government would have wanted to properly audit and check the safety of our company and the set up and understand that the IOM is not a threat or a tax dodging domaine. They will be happy now having had the red carpet rolled out and had access to the heighest powers in government.
3. The update did not mention the new subsiduary, Petro Matad Energy Ltd, registered last week on the IOM. I am interested to see exactly what that is about, and whether this is about renewables. But regardless, it is all extra and can only mean greater returns for the share holders.
4. Velociraptor, whilst not proven, is a strong hunch with a proven oil find there. Fingers crossed, but this is worth a punt.
The maths is quite stunning. Heron would be 12 or 15 wells, which hopefully would pump about 700 barrels on average per day per well. This is for a 60 million barrel extraction potential. That is $500,000 + per day once all up and running with a barrel price of over $70 per barrel and a cost of $10 per barrel deducted. An Annual earning of $180 million plus for 20 years.
Then IF Velociraptor strikes black gold, that is hoped to be the same and potentially three fold.
Plus all of the other sides. This should be looking at an annual income of $500 million + ultimately. That is a $5 billion company - or £4 per share.
We have all invested in a wild west prospecting opportunity, that MB is having to work with and around to bring something large to the table and he is doing it really well. It is close. We will see how big the turkey is in the next few months.
For me, this is a strong and exciting hold as an investor. The traders will see this differently. But this is a strong HOLD and a gentle BUY stock for me.
So firstly , the yet new obstacle in the way, I said at the start of the year and yesterday on this board that I firmly believe the MG is trying to push issuing of permit past this years drill season, in my own personal opinion I think Sept sometime, oil extraction April 2024 hopefully . Overall I think it will come.
On a positive note the drill will begin BY MID June, so 2-3 weeks, so we may still see a rise up to this, be very interesting to see where we sit share price wise at the end of the week……
I just hope MB does not go ahead with costly renewables until we have an income stream as there’s no funds in the bank for that and we know what that means……
Of the special designation area and to grant LP in an accelerated manner, it is suddenly turned out that a new procedure is required, then this means only one thing - the MG takes the management of the company and its investors for complete idiots. For, even the most slightly thinking person is quite clear that this is a new primitive form of delay and extortion of bribes by officials in the highest level of MG.
And if the company's management, following the lead of these bribe-takers, decides to drill Raptor without having LP for an already discovered Heron, than such management is an accomplice of this crime. So draw conclusions for whom they take all investors. Especially those who trust not only such a swindler as MB but wrote rosy comments here, not to mention the support of the bots sent to the board. And the truth is the most of people here have got what they deserve!
Its not fake hype. The market knows the potential.
*delay not dealt *