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Investor33, you make it sound awfully simple! I'm not denying their are algo bots at play, but equally if the news is so good, it entices investors in and, ultimately, more buys than sells in a short space of time and where it creates a dearth of available stock, will push the SP far north. That just hasn't happened here (as I write, we're in danger of dropping back into the 3's!) and I think it is primarily (but not solely) down to the many false dawns we have had in recent years.
thetoe, a lot of us lth's are p*ssed off with the constant delays, whether it be pm/mb's fault or the mongolian government corruption, delays, covid etc etc etc. i'm ****ed off with the lack of communication from mb. 2 of the last 3 rns's have been forced upon pm due to great intel from master/wos. so now we are where we are, still sh*te communication and useless pr, but we have local agreement now which we have never had so a step closer. as p*ssed off as you are, which is understandable but what you cannot guarantee is that there will be no drilling this year. you don't know, i don't know or anybody else other than those close to pm and the mg. here's hoping we are now on the way to a good second half of 2024. atb, as sh*te as it has been tt keep the faith for another few months and imo i think we lth's will prosper
Well why isn't the share flying Hamm?
I'm not saying there WILL be a raise, but clearly the market is holding back for some reason and I would suggest its because it wants further clarity.
Stop with the wilful blindness of facts you don't like.
There will be no need fund raising. Stop rubbishing nonsense.
MATD had enough money through 2025. RNS/ fact.
Julian you may have a point. I think this will rerate once there is clarity on next steps, including whether further fundraising is required or not.
Meanwhile can't we just celebrate that a fundamental milestone has been reached.
"I’ve gone after 10 years. I know the pattern. Defo raise coming soon. Best move I made was taking £10k at 7 pence. Should have sold £30k that day!!!
This is doing nothing this year for sure.
I’ll get back in at 1.2 p"
Another bitter clown!
I am bitter, wasted the last 5 years and a lot of money on this farce! They’ve wasted a lot of money!! Yours and mine
Supposed to be an exploration company. What have they explored in the last 5 years…. Nothing. Just sat on this find and lived the high life off it with our money. They don’t give a monkey’s if it produces are not. They can dangle the carrot forever and will. I can guarantee they will not drill this year
I see that I have been pilloried for suggesting that a fund raise is imminent.Relative newbies here will not be scarred by the memory of exploitation licence issued in July 2021,immediate spike to around 7p and exactly one week later fund raise announced at 3.5p
Auto spell . Not everyone is perfect.
Patience
😂 Someone has replenished Hamms sugar supply.....
The truth hurts BP. If you don't understand the rules of the game then it's unwise to take part.....
And your abusive post has been reported.
He did not even thank the shareholders for their patients.
Or even visit them in hospital
Bad Prophet,
"The final approval of the LP was anticipated by EVERYONE and has effectively been factored into the SP since last summer - hence no massive re-rate when it finally arrived."
You still don't get it do you ? These penny shares until they start generating proper revenue have price action which is mainly driven by intraday and swing traders. Plus MM manipulation - running at stops etc.
Why do you think that in the last year there has been 400% price volatility between the lows and the highs ? Do you really think that sentiment towards the company has fluctuated by 400% in the space of those 12 months if like you say "The final approval of the LP was anticipated by EVERYONE... " ?
Algo bots and human traders thrive on VOLATILITY which is often at its maximum due to the spike in volume which comes straight after an RNS release. In your simplistic view ( because you don't understand penny stocks, and shouldn't be in them ) the price action is all about the sentiment of private retail investors at any given moment. You haven't got a clue about how this works as you are out of your depth.
If you lost out because you bought at 7p or whatever right at the top of a spike, and then sold at the bottom, then that's because you were very likely outthought by an algorithmic trading bot which sold to you as it exited with a fat profit....
We don't know at what point after the meeting they were drawn up and sugned.
I don't think so Doc.
There's the broad outline of a Heron makeover timeline.
Perhaps before the election (June 26th?) or more likely after.
There'll be updates soon enough RE DQE and Petro China, they've been having outline meetings for years and already have a good idea of what deals will consist of and look like.
The Share Price is drifting up today and I think that will draw others in just as it is over at Rockhopper at the moment.
They're expecting a Final Investment Decision on the vast Sealion field some time this year/early next year and already some are positioning themselves on the starting line. That in itself will be a catalyst for others to have to decide at what point they do the same.
Time will tell, hopefully weeks and not months.
Holding news back to allow mates in. corruption everywhere, I doubt this company is any different, particularly in the environment they operate.
Why was news not released at 7am. Documents were signed. Why at 11 after I posted the Facebook clip.
As long as you are not bitter TheToe.
Master@ 08:29
IMO the news would'v been held back from us . The meeting took place two days before the news was released due the finding on Facebook
Maybe they just simply wanted the documents signed off before reporting.
This price is the same as 3 years back! Since then they’ve had all permissions granted and are ready to drill but still in negotiations with petroleum china!!! So much bullstuff flying around. It got so boring I left at 2.7p so not happy. It will go back to that price tho. It always does
Patience is all well and good but boy do this mob need a better PR team. Yes it will come good but even better if it came good from a higher position.
Hamm, I'm much happier being called narcissistic than the two-faced fool you are!
As said yesterday, this clearly needs regular positive news flow to push this on. Other than outright corruption, my own concern is DQE/PC. Others have countered with some plausible reasons why I shouldn't be concerned. MB, how about at least a Proactive or LSE interview. So many false dawns here, some investors will want to see an actual barrel of Heron oil before they buy in.
"Didn't even reach my sell order at 5p & now falling back. Wish I could get out of this sheet show with a small profit!"
BP, Ask you again, have you sold or not? If not why not?
Please tell us if you still live in Singapore?
Are you a real pilot? As you claimed.
Or as you said later , you just flying kites!
You, Doc and pro are just Narcissistic.
LP has been approved. 90% of the planned wells are not in the disputed land area..