Firering Strategic Minerals: From explorer to producer. Watch the video here.
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'Keep spending all my life living in a market maker's paradise....'
Currently very low, insignificant volumes, yet sharply marked down around 7% the other day....That's not the market having its say on things when practically no activity is going on.
Investor33 - I know we've had our differences but, sadly for us all, there are continued and seemingly endless delays and so it almost seems logical that the SP should drift lower.
Doc - it's true enough that the delays have stunted the share price, though crazy variations in the share price on an intra day basis, such as suddenly down 7% with no news and very thin trading volumes are down to something else.
I'm allocating about one third of my holding to riding the spikes when they happen. The next one will come if there is some positive news about the LP bureaucratic formalities. I don't doubt that there will be positive news, as the local governance cannot legally defy the central government. Don't forget though that when the special purpose designation was granted -and before the other local level delays became apparent - the price still went up and down in a day or two like a rollercoaster. Anybody expecting a straight line up rerate is going get a nasty surprise I suspect....
Hmm
This share has been played like a yo yo or by some good enough here a Stradivarius. And it will continue to be played like one for a while once the LP is finally sorted.
This has taken sooooo long to get through all the various channels no one is really going to believe until the first oil is out of the ground, on the back of a lorry and delivered to a Chinese refinery and the money banked and even then it is not really going to be believed until the first real test comes from the activists or even the local politicians still opposed to us. That will happen when or how i do not know that but this will be the real litmus test to see if the MG is really prepared to back us then this will move. Sorry but that is how i see it. The proof will be in the pudding and not the glazed gloss exterior.
Ibiza28- you sound very battle weary ! I'd say because you've only had the activist to read ( rather than decent regular updates from MB - which I know we all rightly critise him for) , you're views are getting too coloured by her comments .
The waiting is getting to all of us but it'll come good and activists can moan all they like but if they obstruct then they be arrested and imprisoned -the mongolian government will have to govern.
Researchandhold - Battle weary
Yes you are probably right a bit battle weary but also i hope a realist and pragmatist. Will we pump oil yes we will and hopefully by the end of October. But not for a minute do i feel that this skirmish in the Eastern province is done and dusted. It is fairly obvious that we are not really welcome by the locals who perceive us like the Chinese as being callous and un respectful of the land they are working.
Now the work we have put in with the local community will and probably already has paid dividends interms of the good will it hopefully has brought us. But MB is not going to be on site through the drilling he has far more important things to do than site supervise and i really hope he has a strong minded Mongolian (preferably Eastern Province) Mongolian to site supervise. Our drilling will probably be DQE, DQE are a chinese company and their workers are probably Chinese and the disregard they have for other peoples property as seen by my post of what they have done to the Great Wall I think is systematic of their nature. So i would hope a strong site manager will put stop to the kind of abuse to the land that PC seem to have done to it. Otherwise we will get tarred by the same brush and the complaints will double up in volume (Look what the white man has done). At some point this will probably come to a head and then we will see exactly how supportive the main government. Hopefully they will be a friend and stick by us the law changes hold up or they just allow Eastern Province to governence its own region. Ie they have helped so far but now down to us.
This challenge will come (almost as certain as night follows day) just a matter of when and to a degree that will be down to our site management. If we do it properly the complaints should fall on deaf ears but if we do not then this could get ugly.
If that is battle weary then yes i am but still a pragmatist. Will i get what i need out of this share i believe so, will it make my fortune probably not as i think too much rests in hands of Chinese workers who seem to have too much of a care free attitude to other peoples property even their own country's national monuments.
Solid day here...news must be tantalisingly close id say....be nice to see few more days of 9-10% then the mother of all RNS's!!
To be fair BB, you were saying the same at 7p!
Well then Doc83: What is the market telling you today?
WOS will be along soon to tell us this is actually the start of the BIG BOOOOOOOM. That there will be an amazing & transformational RNS on Monday (at the latest) and only complete fools would want to be OUT over the weekend! HOOT HOOT.
All based on his extensive & meticulous deep research of course.
HAHA - WOS's favourite British Bulls from yesterday - "SHORT. The bears have strong evidence and this evidence prompts us to make a bearish bet. "
The twin 'doc/ bp' act like appendix. They leave comments after each and every post.
They have zero/none contributions here. None has any shares as they said themselves. We all know BP ost the lot!
Why they are obsessed with matd shares only God knows.
doc/bp get a life, get matd shares you would feel better.
Miserable sods.
Hamm - any more from you and I’ll put a lovely long post together of some of your historical rants about MATD and make you look even more stupid than you already do, if that’s possible.
Ojay - what does the market tell me today? Not a fat lot. Maybe that we are drifting along waiting for news? I think like many on here, I’m hoping WOS and Hamm are right and that there is a significant rerate so I can bugger off. I’m sure you’d also be very happy with that.
Mr BP
For me all about FUNDAMENTAL investment case!! Technical little side interest for people who like this
If you do NOT want to MISLEAD better you quote rest of what it say YES?
"With the BULLISH PATTERN detected today candlesticks warned short sellers to be on ALERT.The chance of a BULLISH confirmation that will change the signal to BUY is VERY HIGH."
(short version with all main point which mr Bad Prophet decide not to include. Wonder why?)
Because my Bull's quote was from Wednesday - yours is from Thursday. So much for research!