Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Header say all!
TIK TOCK RNS / RE-RATE is coming!!
🦉
LOL - I’m afraid you’ve been well and truly busted there, BP.
"I'm OUT - sold on Friday at 1.75. 65% down but better than the total loss this will become. Couldn't take any more BS."
posted on the 20 Nov 2022, which is a Sunday so you sold on the 18 Nov 2022
source: https://www.lse.co.uk/profiles/badprophet/?page=85
you sold right before the share jumped up to 5p (LOL), but let me guess you bought in just at the right moment together with Professional
A bit higher than usual considering that there is no relevant news. But as several posters on this BB have pointed out it's only a question of time before news breaks and all" sidleiners" will want in.
My modest recommendation would be to jump in before the SP-fireworks begin.
ATB to all!
If we keep focus on INVESTMENT we look at following -
- 2024 Company look to move to PRODUCER / REVENUE GENERATION stage of development.
- Transformational RNS which will open up operations. Funds in place and ready to transfer. Company say expect "soon" base on direct Communi action so have take this above BB poster opinion base on feelings.
- Open up other newsflow like DQE JV which we know terms agreed already.
- Heron full field development will see 7,000 - 10,000 bbl a day production with low cost / fast track development.
- Est 3 BILLION bbls in proven & producing Toson Uul Basin part of Block XX extension area.
- Equipment / Crew secure & cost covered. "Sufficient working capital to operate betond mid 2024 as a going concern, AS WELL AS commencing APPRAISAL & PRODUCTION operations at Heron oilfield in Block XX" (RNS Results June 2023 section (c) Going concern).
- New Blocks news to confirm blocks. Many in tender have full seismics / next to known reserves / some massive size bigger then Quatar.
- My opinion - I expect big Funds / Institutions to start to take interest. Some before production but AFTER next RNS about final signature on fund transfer. Some with PRODUCTION START.
Also other things which will not discuss in detail now but I expect Petro China to make fast bid before full development & with Petroleum Law reference which think will allow this.
Petrovis will want ROI BUT focus on very short term newsflow with RNS and then all different newsflow for Operational updates / Operational Start / First Production / JV deal / New Blocks etc.
Most investor still not have even return to market - UPTREND very safe I think 🦉
Mr PatShare
You always have option to sell NOW! 😏
🦉
Thanks for all your input and discussion, but still no more confident than I was before that this will get done anytime soon or that MB won't spring an unexpected fundraise on us like he did before. I hope I'm wrong but who knows?
If the LP isn't signed off by end of January I'm just hoping the SP will be high enough for me to exit without loss here.
Mrpam accepted This so finance ministry won't care as long as there is a audit of where the money has come from, so this wil be done pretty fast inexect atleast tatil of two weeks tops with any queries around this, then dornod guvnor has no reason to delay this as the herders won't be happy if he delays their money's,
So fully expect end of January for this to be signed up if not sooner,
Going for minimum sp target of 8p but this should be way way more on the fact it's going right into production and could double that to 16p plus once dates and drilling starts for production and continues upwards
So this could be the perfect time for anyone looking to get in for rerate and multibags here
Should hear on this in January then In meetings facilitated by the Company, all the herders have agreed to be compensated. Under the legislation, the compensation payments should be made from the State budget but recognizing that this could be a very slow process, the Company offered and the industry regulator, the Mineral Resources and Petroleum Authority of Mongolia (MRPAM) accepted that Petro Matad would make these payments. The money has been paid into the appropriate MRPAM account and is awaiting transfer to Dornod Province once the Ministry of Finance gives approval for this to go ahead. The mechanics of the transfer have taken some time for the Government to determine but we are pushing and expect this to go through soon.
Wether you agree or disagree with WOS he is making some excellent points with correct judgement.
I for one believe this is going smoothly upwards.
It will take a bit of time but all LTH have waited patiently and a few more weeks or even months isn't going to hurt.
GLA and let's see this continue north in 2024.
Be Wise & focus on INVESTMENT 🦉
Researchandhold said //bp is like a stain on humanity//
//Past is no predictor of the future !//
If we don't learn from history we will keep making the same mistakes!
Few thing to remember -
Last time in Dec 2022 update company look to enter RENEWABLE sector but no move in this so no funding Required.
When SunSteppe JV set up then need extra funds with fundraise. Argue this or argue that but this was situation and VERY glad Petro Matad enter this sector at high level contact base - this will be MASSIVE!
What we have now is "fully funded until AT least July 2024". Do not think Petro Matad entering new sector now like Space Travel or something so think we okay but with ubswratanding no one can guarantee anything.
I will say with all MAJOR DEVELOPMENTS happening here expect UPTREND will continue and price will be MUCH higher by July 2024.
Of course if people want to wait on side until then please do - this is your money and your right.
Think lot of people have not even come back to Market yet. Start of January will see strong positioning & BUILD UP to major OPERATIONS, UPDATES, RNSs, FIRST PRODUCTION / REVENUES.
Do we think price will be anywhere near this level?
Glad I have my shares secure for Uptrend to pick up momentum 🦉
Past is no predictor of the future !
Good start this morning .Still one of the best post Xmas bargains on the market.I think there is a strong possibility that we will reach 5p by end of Friday and most probably 7p by end of January with no news or well over 10p with everything signed.Topped up my holding again this morning
“We don’t need a fund raise”
Worth remembering we didn’t need one this time last year, according to MB. We know how that turned out. The point being, we can’t say for sure either way. But we do know MB does like a raise. As long as it’s after that signature…
“…and 30p plus on production in next quarter”
Can’t see this happening. But nice to have had a nice Christmas boost to the SP. It needs to be as high as possible come confirmation/production time, then we might see double digits.
We don’t need a fund raise :-
RNS 14 th Feb 2023: - “……. Negotiations with DQE Drilling ("DQE"), the main provider of drilling services in Mongolia, have been completed and the contract for a multi-well development drilling programme is with DQE's head office for review and approval after which we plan to seek the approval of MRPAM. We have also been approached by other service providers looking to enter the oil sector in Mongolia and we are reviewing their credentials and equipment to see if they may offer a competitive solution for our needs now or in the future.”
Think we are a long way away from funding requirements, if it does need funding then maybe once when all is sorted and dates are arranged for drilling for production,
Betting top dollar the same people will non stop talk about funding even when they have answers, lol
Good luck all here's to 8p end of Jan and 30p plus on production in next quarter
Hello, Vikinglass, seasons greetings to you and all of that .
Assuming MB has given an open and honest update in his RNS, (it would be illegal if not!), then we can expect to see oil and revenue pump within the next 4 to 5 months.
Once revenue is turning, the SP would be higher. I personally do not mind a funding round, as long as it is based on a decent SP so as not to dilute too heavily. Somewhere circa 35 p per share would be ok in my mind.
That said, with 850 BPD from the one Heron site and an expected gross margin of around $45 per barrel, this equates to about $40,000 margin per day. Or one new well every month, which would multiply up quickly the more wells you sink, assuming the same flow rate.
That would be hugely easy to go to the markets to borrow and easy to service as a financial cost as well.
I don't foresee there being much justification or excuse for doing a raise at these SP levels.
This is my hunch.
I'd hope for a PetroVis soft loan if permissions are believed to be almost withing reach?
If however it was the case that a DQE deal wasn't possible RE cost sharing for Heron development I'd expect a formal raise once all permissions had been received and a definitive Heron development plan and schedule could be sold to the markets?
Doesn't always work like this on AIM however.
Bottom line? If they get the money to develop Heron shareholders will be in a much happier place this time next year.
I don't want to consider the option of Heron not happening in 2024 but can't see any reason why this should happen.
If there is a fundraise being planned what do we expect would happen prior to it, will MB be doing another interview ? just wondering what signs to look out for 😏👹
Waiting to explode. A matter of time.
Can't keep the price down anymore.
Demand massive.
Oil $81.
Any price under 7p is too cheap.
The Mongolian Government want this to happen and the Governor has said he'll sign the paperwork.
Petro Matad have stumped up the compensation to by-pass the bureaucracy.
I think people want Petro Matad on the starting line all ready to go come April/May?
This has been dragging on for as long as I can remember and WOS has been saying 'any day now' for just as long.
The Mongolian Government could have had all this signed, sealed and delivered in the last 12 months but haven't been able to or haven't wanted to, and I can still see this dragging on for some time yet despite us all wanting it to happen.
How can we or the markets possibly be sure it is going to happen any time soon, and this isn't just a ploy to lift the SP before fundraise?
Time will tell, as it always does.