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.
Money will be coming in shortly. Come on PM, give us the good news!
Think all will understand when Petro Matad ED & Head of Govt Relations meet with local governor Mr Badamsuren and MMHI officials last week then land access final signature discuss. This with growing fuel crisis discuss.
Also they allow to give presentation at Investor meeting as national importance project.
INTEL say palm itchy for reason. Other places use cream π¦
"INTEL say palm itchy for reason. Other places use cream π¦"
lol :) love it WOS. best of luck to everyone invested here.
And remember MB said all the tanks and pipework to equip H1 and start production is all bought and in country storage ready for putting it on line quickly although now likely to start 2024
Researchandhold said //BP is like a stain on humanity//
Said it before, I'll say it again - If the LP sign off is a certainty (I think it is), then why is it not already factored into the current SP (I think it is).
Researchandhold said //BP is like a stain on humanity//
Ooops1 Sorry - forgot my "not posting" resolution!
//BP is like a stain on humanity//
To answer your question BP, because the market wants to actually see the liquid gold. Without the RNS confirming the LP, nothing is set in stone.
Mr Sash
This is SUMMARY & FACTUAL
- Petro Matad HAVE OIL - Heron prospect AND est 3 BILLION bbl oil in Toson Uul. Both plan for parallel development.
- Waiting for final admin sign of from local govt. Central Govt order of Cabinet under Project of National Importance
- Target price X10 current buy price at oil price with only this asset but much more happening
- Domestic FUEL CRISIS so Govt push DOMESTIC PRODUCTION
- DQE (Petro China sister company) JV deal terms agreed. Will help LOW COST / FAST TRACK full field Heron development & Block XX near field (Toson I'll 3 BN bbl)
- New Block Tender. Some of this BIGGER THEN QUATAR and have won at least one. Also with existing seismic / adjacent oil resource
- RENEWABLES. Mongolia have global biggest potential with JV SunSteppe company who have high level govt contact to get large projects. China capex investment into Mongolia for Mongol export back to China. This will be massive.
Petro Matad position with existing resources moving to PRODUCER / REVENUE stage, low cost development with strategic partnerships AND highest level Govt support.
- Also SEASONAL UPTREND which always kick in for anticipation of drilling season and see it just starting now.
I look at many many investment & this is STANDOUT High Reward / Low arisk for me.
Buy or not but I make Wise investment here am sure π¦
Researchandhold said //BP is like a stain on humanity//
//Domestic FUEL CRISIS so Govt push DOMESTIC PRODUCTION//
Mongolia already produces more than 20,000 barrels per day of crude.
Ask yourself why Mining Minister (not anonymous BB poster ) say country must push domestic production (I give source link last week).
Also why Heron push as Project of National Importance.
What they produce & what they want to produce NOT same - dud thinknthus obvious point for all trades lol
So 15 x 900 barrels (13,500) not worth the bother for the.?
'National importance' designation for a reason?
Refinery?
Domestic national fuel supply security?
What's that on the front of my face?
Oh! It's as plain as the nose on my face what's happening here.
Buy now and hold (IMO).
Researchandhold said //BP is like a stain on humanity//
WOS - YOU are an anonymous BB poster - don't knock it!
Researchandhold said //BP is like a stain on humanity//
I see the "seasonal uptrend" is continuing this morning!
SEASONAL UPTREND - it is trend not price on any one day.
Be Wise π¦
Wolverine announces he has an itchy right palm and gets 6 upticks. Oh this BB π€¦π»ββοΈ
Also good they have put proper ASK price with more clear spread π¦
//BP is like a stain on humanity//
BP, you seem to get easily wound up these days. Any reason?
If this is a Seasonal uptrend from 3.80 down to 3.20 β¦ ?? thank **** Iβm not wise as WOS states .. βits reary price over a few days not price on one dayβ
You sirry iriot!!
This is the man with 3000+ posts in 10/11 months who has action coming every day β¦ 6.00 down to 3.20 in his uptrend.
Confucius he say rollocks !!!
Researchandhold said //BP is like a stain on humanity//
Wolf - I am the most laid back person you would ever wish to meet. No one winds me up. LOL
Mr Garygymbrock
Seasonal Uptrend from 2.7p
Be Wise π¦
Look like MM try to hit stop losses with bid drop. They succeed from some holder.
Let us see what happen next few days ππ¦
The fact is nothing has been signed at the moment and until it is and things are flowing it will continue to go down as it always does. FACTS not fiction is what is finally need to send this way north of here.
It's madness why these Mongols are taking forever. Surely temporary permit could've been granted in 2023. Too late now.
Master last week when SP up:
"4p today...back to 5p next week. DOC WILL START DERAMPING NOW AS HE HAS SOLD."
Then when SP falls, back to negative:
"It's madness why these Mongols are taking forever. Surely temporary permit could've been granted in 2023. Too late now."
Doc. I am still holding big amount. I don't deramp and ramp. Like you. My position is clear . Crap management excellent prospect..