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Hey micky your so fine you bloe my mind he he - when did I say heron would be a duster ? I just suggested caution should be taken imo based on past performance - so your wrong mickey get it right next time - he he
Mr P.
I think there are several misleading assumptions in your statement.
Certainly not aligned with what I know to be truth.
Well anything and a lot can happen here. I'm sure Petrovis / PetroMatad would be pushing Govt for a quick turnaround of the Exploitation licence.
What if:
* Exploitation Licence is granted early
* Farm-in deal for Block XX happens early
* Production from Heron starts early
* Velociraptor happens end of Q3-2020 (instead of 2021)
All above would be 'Major' price catalysts.
Easy to pluck numbers out of thin air isn’t it?
This will hit 50/70p at worse case scenario by 2021. Be in no doubt
Can't rule anything out on the AIM! Il be happy with 25p but £1 would be better!
Manro, think Ojay is right, no need to cancel the £1 party... it will happen. Hopefully next year! If all falls into place. GL
Well said misterpositive
From this price point Mr.P the gains will be in the 100's of % imho into 2020......absolute no brainer.
Petrovis runs more or less the full oil supply and distribution chain across whole of Mongolia. They have close and strong contacts with Govt. Both have their interests aligned to get a move on with local oil production. Exploitation licence seems mere formality to me. Deal with oil major should follow soon, be it Petrochina OR somebody else. Next price run should happen here soon as we check the boxes. 2020 could bring good gains here in my opinion for all. Just need to hang on there. No point selling low after coming this far.
Yeh some of you guys on here have a level of patience I could never compete with, anything after 6.5p and I'm in the green anyway so don't mind holding out for a bigger payout if it comes ?? I just try forget about the money being in and get on with life
No worries SYF! And good to hear that my/our posts on this board may - sometimes - have a positive effect.
Once you've been invested for 10+ years you will understand that the word "patience" means more than just a few months.
It's post like yours Ojay and many others I look up to on here that have kept me from jumping ship and learning that patience pays off :)
Me? I've been in for months since before heron was drilled :) I was hoping to get 20p hence the several £s comment :) I'm excited for MATD, big leap for them in what sounds like a rough last few years finding not much
Are you making fun? You shouldn't - unless you're here to make a quick buck.
Several £s! I'm moving abroad
Manro: I for one have not given up hope that the SP reaches 1£ - and quite frankly if it hits 1£ it can also reach several £s.
No need to cancel anything - just need to be patient; Looks like we will have to wait a bit longer - but I guess we're all used to that.
Yes, Donkee, I did not cancel our party. I have just postponed it. Moreover we don't need to wait until £1, which possibly could never happen. But can arrange it let’s say at 20p or even at 10p. The only negative of that will be no black caviar in the menu. But it is even better. Because most of them making now from farmed fish and tasteless. And the real beluga caviar, which is found only in Russia and from where it could be orderer, is now fabulously expensive. And we won’t be able to buy it for our 10p. If only couple of eggs for Mike. Lol
Mr P
EBRD sold out a number of years ago
Also I want to go to your celebration party!!! :)
Manro, I feel your pain mate, you helped me on occasions when I felt low. Now I’m more certain Mike will make this happen, GL what ever you decide. Be a shame to lose you though. It’s been a long journey.
All that is true, M.P., but it’s time now when both Petrovis and the management probably need to demonstrate their full confidence in implementation all of the plans. For that right now and alongside with presentations they could undertake such a positive action as an additional purchases of shares for such bargain prices. This alone could significantly stabilise the company's position in the market. As well as convince all of us that all the plans outlined are sound and will undoubtably implemented. Without it the company’s stagnation and drift its share prices to the south most likely will continue till some of significant events or achievements.
Let's not forget Petrovis is the biggest fuel distributor with petrol stations across Mongolia. Petrovis formed PetroMatad in 2008 as their Crude oil exploration arm. Petrovis operates complete petroleum supply chain in Mongolia with over 400 petrol stations. Petrovis imports oil from RoseNeft, Gazprom, PetroChina, China Oil, KoreaOil.
Largest shareholders in PetroMatad:
1. Petrovis
2. EBRD