London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
They don't have any legs to stand in court.
What would be their argument..
In 2019 it was MBs fault for not getting the local permit.
This time what would be their argument.
If an asteroid lands on Block XX I guess that would make life difficult too?
'Ifs' hey. Tricky little blighters aren't they?
Usually the last resort of someone who's trying to win an argument with very little to back up his opinion?
//The Courts then uphold them.//
But if it DOES go to court - then it "may take a while" as Notpleb says.
Laws are made and passed by Governments.
The Courts then uphold them.
SP on the slide now yesterday’s traders taking their profits. If there’s a legal spat, an RNS with good news may take a while.
Conservative assets value of 17p is still 4x or so bigger than the market value now.
As you see how abrupt/ fast this share could be rerated. Lots to come. It is just a matter of time.
Not weeks but days.
But certainly sth is happening.
Guys,
I'm not sure you need to be that bold Roxy.
Has everything pointed to the Heron Field being developed for some time?
And whilst it has taken an age is that now what's happening?
Are the Mongolian Government committed to seeing this field of 'National Importance' come on-line?
And when the Heron Field has half a dozen wells or more producing 3-5000 barrels of oil per day ($160,000 revenues/day) will the share price be many, many times higher than it is today?
It's like holding the winning Lottery Ticket in your hand, so long as you don't loose it it's yours for the taking.
What could go wrong? Earthquake? Peoples' Revolution? Oil gets banned?
There's more to come here as the story unfolds.
Those bold enough to stay on this ride will be surprised how quickly this gets into double digits.
Best thing IMHO at present is to sit tight and watch the show because it's just beginning
Agree Thorgonson would not be surprised if what you say is correct.
Coukd already see some "signs " in the orderbook yesterday... lets see what happens. Patience:)
Events in Mongolia certainly can affect the UK share price before official news.
Remember the Friday sell off prior to the Monday am Velociraptor drill/duster RNS?
Perhaps the reverse?
DQE Heron Field makeover/drill programme and funding news +/- Petro China transportation deal?
Wait and it will come!
From master82’s post of the politician saying this:
“If the head of Khurelchulun does not refuse to cooperate, let's go to court together. We, NGO lawyers and advisers of the right direction of the Eastern Province, will help.”
That to me certainly reads like he is saying they will refuse to cooperate and will go to court over it. I suppose they can just throw them in prison, like WOS always claims will now happen. But not exactly great news that the locals are seemingly still unwilling to play ball.
UK Investor Magazine on 6 July highlighted the procedures necessary following LP granting before production could start. These procedures could take weeks. If those procedures are nearing completion or completed then the news of a production start date will see SP rerate. Article highlighted 17p nett asset value. We may not get 17p quickly but with the huge exploration area it has rights to and becoming a cash generative producer FOMO will see a lot of buying
and big increase in SP beforehand and once a positive RNS comes. As with all investments there is risk so don't put next month's rent in. Surpises come but with PM I am really excited as I always have, though I trade this shares ups and downs in addition to long term holdings. Today's SP movement suggests possibly positive news may not be long in coming.
MM games not sure about that . With 20k buys coming through looks to be more than a manipulated spike
After hours RNS not likely . Singapore and Mongolia 8 hours ahead
Bigbench, more likely after hours RNS or early Monday? That's if an RNS is coming, it might be investors positioning themselves for the future.
MM's games ?, seen it many times, they hold a lot of stock, but hopefully i'm very wrong.
Midday RNS with some amazing news?
5.145 paid now
Live, 40k at 5.10 paid.
19% up.
Guys,
Looks like good news incoming
Its been a while since I've seen buying like this!
Could be another 40-50% day..... RNS Monday saying its all systems go???
Good morning everyone, up 13.5% so can't be too bad. Let's hope that this can continue throughout the day with nice strong finish.
30k at 5p paid.
That is how fast MATD can go up.
Guys,
He can do what he wants. PM has legal rights now. It was different in 2019. PM didn't get permission to drill from locals. This has been approved by the Mongolian Government so no one can stop PM now.
PM has paid for block 20 and has approval from the cabinet.