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There s a discussion on about another oil company other than petrochina on the eco warriors page for anyone interested couple of hours ago. GLA
Share Price might suffer moving forward as we edge past three months MB quoted….will zoom back up if LP granted, but belief will start to be eroded from here on in if no news very soon.GL all
So far today 0.5m more buys than sales and shares down 4%. Logic does not seem to want to work on this share. At some point something has to give on the SP cannot remain bottled up for much longer.
Let's question in when it's delayed but for now we need to allow extra time knowing that the CEO has said it's coming and the goverment is on board with it,
iamrich - "but we are still on time a week or month does not matter on a large scale business like this"
I'd usually agree, but given the delays already suffered, I'd say we're right to question why potentially more delays. Although we're not quite at the end of January so let's see!
Doc83 things sometimes takes longer and in the business world you can't actually put a time stamp on it, expecially of your getting things approved and stamped through various departments but we are still on time a week or month does not matter on a large scale business like this and what's being approved, we have the government who want this as much as we do and they need the oil out too, it will happen patience
(as usual from my modest POV)
1. We investors all know what is needed for the SP to blast off: grant of LP;
2. There is no obvious obstacle for obtaining the LP;
3. PM have chosen not to inform us investors why things are taking so long - not even that the respective authorities are holding up the process!
4. We long time investors have patience - but our patience is limited and needs to be fed by supporting information - otherwise we may just lose faith and start selling our holdings. That would probably result in a SP nose dive.
PM: Talk to us!!!
I have contacted the Mpram minister on messenger. Let's see if he gets back at all .
It's Mongolia. Nothing goes to schedule . Look at mpram. 3 times they gave a date for results, and still nothing 13 days later
iamrich - what are your thoughts on the fact the "1-3 months" timeline given by MB is all but up?
Patience for heaven's ke like children in a play ground *****ing, if you can't handle waiting this is the wrong game for you guys, seriously just give it a chance I have Upto march for LP and velociraptor to come in, but it could happen tmrw 15p by then that's 200% mark up easy money, things are moving now
MB has waited sooooo long for this to get going... (so have we!) he must be pumped knowing this is as close as it is.
Just look at how many large buys have gone through over the past week .
A few weeks back, I could sell huge amounts for 5.30p
Let's just hope this is a shake to get shares to fill a big order.
i don't think its to long to wait.
Is pointless. We just have to wait for the company announcement. ATB
Ibiza - I don’t doubt for a minute that MB has and is pushing hard for the LP. But it’s looking more and more and more likely that he and the British consulate have been given lip service only by the minister.
Hamm, who was saying this was a done deal asking what could possibly go wrong, mocked me when I said we are dealing with a third world country. I truly hope this comes good. I doubled up my admittedly small ish holding at 3.5p post MB’s presentation. I couldn’t possibly sell because the pain of missing out on that potential 500%+ rise would far outweigh the pain of it going to £0!
Yes I take your point entirely but the refinery is going to cost $1.4bn or something like that the GDP is around $15bn dollars which begs the question how on earth are they going to pay for it. I doubt the Indian company will take an IOU from an impoverished country like Mongolia for best part of 3 years. I would have thought they would have get this oil out and fast. My main concern is not that but what happens if we have a change of government and new minister and policies and new priorities. MB really has to start pushing for this now.
Was thinking exactly the same.
Despite the SP dropping today, there have been a higher volume of buys then sells.
GLA
Not many big sellers. They know its not worth selling.
News on block 5 and new blocks imminent.
Plenty of large buys over the last few weeks
In his latest interview MB said that the drilling contractor told him that the rig might be available mid February, yes I know I know, but just imagine if it is and the well comes in, 200 million barrels recoverable a company maker and possibly just a few weeks away I for one will not be selling a single share GLA
That would be one sure way to get news to land!
Might aswell pullout and come back in March then.
I fully expect January to pass by without news now. And probably February and March for that matter.