Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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It is premature to sell it now after going through hell. This could be 10 bagger.
In 2017 the share price went to 36p. MATD had no oil and oil price was nearly half of it is now. MATD has proven oil. It has cash. Oil price prediction to 2014 is $130. What can go wrong when we get LP!
Hopefully re rate is happening soon.
I could sell 2.5mil this morning without any delay. Good job I didn't..
1p to 30p in 2017 in a couple of months.
Today I got quote to sell on a million share but couldn't get quote to buy. I wonder if it is multi big orders.
Something is brewing! Somebody knows sth? LP is landing soon?
Difficult to predict this share.
As master said rightly enjoy the ride up. You never know 20p+ sooner than you imagine.
Also new blocks which PM has some valuable information.
4p tomorrow. I think 6p possible before any news.
Market knows nothing will happen till spring so it's just momentum building up before the season ..
It Repeats every year
Just enjoy the ride up and make money
It was 9p last year without velociraptor. And had no money either.
Not certain if any have realised that the CoS for The Velociraptor well is just 20%
If they do strike oil then has a huge NPV value - but an 80% CO failure
Any news regarding LP?!
Greetings from the minister of minerals and oil. On the occasion of the 83rd anniversary of the establishment of the Geology industry in Mongolia, the geologists, scientists, and researchers of all generations, who opened the source of mineral resources and dedicated their intelligence, knowledge, and hard work to the development and future of our country, all the employees and colleagues of the Government. I would like to extend my sincere greetings on behalf of the implementing agency, Mineral Oil Department. Since 1994, trends in geological research, organization, form of ownership and financing fundamentally changed and re-approved in 1997 Geological exploration according to the Law on Minerals A legal framework has been created to carry out the work with private funds is. 14175 throughout Mongolia during this period a special license for exploration has been issued and a total of 2,988,998,553.2 (Two trillion, nine hundred and eighty billion, nine hundred and ninety eight million, five hundred and fifty three thousand) MNT has been spent on exploration work. 3,216 reports of the results of exploration carried out with the funds of private sector investors were discussed by the EBMZ, and 1,128 deposits of 14 types of metallic minerals, 347 deposits of 25 types of non-metallic minerals, 341 deposits of 9 types of common minerals, and 13 deposits of 3 types of combustible minerals were discussed by the EBMZ. taken and registered in the Mineral Resources Fund of Mongolia. Among these deposits, I am happy to point out that the discovery of the world-class Oyu Tolgoi copper deposit in the territory of Umnogov province is a proud event for our explorers. Total exploration and exploitation in Mongolia as of October 19, 2022 2557 special licenses are registered. 4.1 million ha, which is 33.1 percent of these special permits 848 special exploration licenses covering the area are validly registered. This is 2.6% of the total territory of Mongolia. Out of a total of 39 oil and unconventional oil fields in Mongolia, 9 oil fields are being explored, 6 fields are unconventional oil exploration, and 4 fields are under oil exploitation. PSC period has expired and 15 fields are being prepared to be declared open to the international oil community.
As a result of the exploration work, oil fields were found in Toson-ul, Tamsag, Dzungbayan-Tsagaan els, and Matad fields.
Oil was discovered in the Galba XI and Khokhnuur XVIII exploration fields after opening the deposits and evaluating the reserves in the Galba XI field in progress Providing ample opportunity to carry out geological prospecting in areas approved by the government and attracting private sector investment in this area have been set as a major goal and challenge for us. The innovative ideas, initiatives, and creative work of the entire industry community are responsible for realizing this goal as a practical task and overcoming challenges.
It is not inconceivable that we could get news. I think very unlikely but we could get news officially and also unofficially. I am not even sure if we are entered for this round of Auctions for areas to explore but with news happening at midday Mongolian time that would be 05.00am uk time. So with 07.00 as start time that would give MB 2 hours to compose an RNS or have one written. The reason i think it unlikely is that judging from RNS's we have had recently it takes will skill to write so many words and provide so little information that it would take our PR company a lot longer than a couple of hours to produce that. But if someone here has access to that website and speaks Mongolian they may give us news unofficially so to speak while we wait till we get to the following Wednesday or the RNS with no information in a thousand words.
Realistically this should easily hit 10p with heron plus velociraptor, well once Erin is online we should be looking at 20p plus
I am not sure it is the land permit, unless something gets lost in the translation, but it mentions exploration license and not exploitation license, which of course we already have. I am wondering if this is the issue of new exploration areas that the government are auctioning / licensing off. If it is the land permit great but i have a feeling that will not be far behind if not done around the same time.
T54 , I agree. You don't want to be short over the coming weeks. ATB
MM's were prepared to give 3.85 plus for good chunks earlier . I'm thinking a buyer is accumulating.
Looking back over the year more times then not good idea to sell Aim shares on recent highs .
Some people selling , hoping to buy at a lower price.....................FAT CHANCE, LOL
Thanks for the link Masters82
Very interesting, that could / hopefully be the LP landing then.
Could make for a very exciting day on the 3rd when the markets open again ...
I'll be over the moon if this hit 10p.
6 /7p my target to sell some of my holding.
Years ago I had this from 35p to 185p.
Obviously diluted since those days but when everything is aligned here this could be very productive.
GLE
Sold a tranche for 3.9p
Planing to raise some cash over last month, as margin again to low for comfort , selected a traunch sale here, trying to sell for target 3.55p .
increased that to 3.7p on 12th December , then 3.72p when I noticed today's 10% rise it lifted wile message "delaying in placing order" for a higher 3.9p .
I see on history of orders asked for 3.55p between 8th & 12th December 2022 . ( up to 3.7p until yesterday )
Thank God that did not lift at 3.5p have 10% more for 21 day wait .
Just an example of how this share can take off and thats without news, just wait till we get that news we are waiting on.
Sold some other shares to add more here but it is impossible to get quote!
But I can get quote to sell for any number of shares which is very odd.
Something is happening finally.
However we are still in placing price.
I can say multi baggers from here.
20p+ when LP landed.
New blocks news tomorrow
Yep Terrier, hanging on to mine till end of 2023 / 2nd quarter of 2024 and Heron 1,2,3 etc will be humming and pumping some serious cash ( ignoring Velocraptor) it’ll be 40 p plus by then