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Once you get over the disappointment of not seeing what we had all hoped. would be confirmation of the sign off of the LP in todays RNS and you re-read it the fact is the local committee have approved it the compensation is waiting to be transferred and the activists have blown off steam principally about PC carrying out fracking which has now been stopped.
The locals want cash jobs and an easier life after a tough winter and central government approves anyway so , as they’ve said before “ we have no objection if central have no objection ..”
I just think the activists have just stalled it for now but they’ll grant it soon especially if the herders push for their money
Lol
Excluding ALL the bad stuff....it is not so bad ;)
The whole board agrees PM needs a change. Either the management goes or they change their attitude towards the PI.
Awful management skills
Awful negotiation skills
Awful communication skills
Awful at writing the RNS
Awful at telling the truth
Time to come clean and change the management or change the attitude.
Wages should reflect progress. They helped themselves to free shares when they do not deserve any as no progress was or has been made.
Master, I agree, but I don't think a CEO living in Singapore helps!
MB has absolutely no passion about his job or he would have camped at the field at Heron site.
He thinks Mongolia is below his standard to live in. Too mean to herders. He doesn't give a damn about shareholders.
I am not saying he doesn't want sort out the LP, surely he wants it more than us but he is incapable of doing that
His attitude is absolutely wrong.
The 'whole board' thinks no such thing.
Has anyone asked what the average earnings of a Mongolian Yak hearder is?
Google says $5000.
So a year's wage.
Also how much of the license area are they excluded from?
All of it?
The actual area of Heron one will be a tiny proportion of the license area.
Let them graze uptown the fence.
How could you stop them?
Up to.
Hamm, have you sold (again)?
That's not the way to make money.
What a shameful display of Nancy Boy bed wetting we've seen today.
I'm ashamed of the lot of you!
Don't be silly. $5000 is too little.
Mb must get £100.000 salary or so and haven't achieved LP yet. It would be much encouraging if he were More generous to the herders.
But seems too mean and we are where we are! Still waiting. All he has told us is advance talking. That talking seems unending.
I haven't sold any. I added more 2 days ago. Not knowing he would say the same thing he he has said the last 5 years.
Unbelievable. I hope he goes sooner than later. He is absolutely not capable not that he doesn't want but he can't. To be honest it doesn't seem that petrovis cares if MATD gets LP or not.
What's your annual wage Hamm?
And how much actual land/grass are they giving up?
100m x 100m?
Engage brain?
Amidst all the anger and near hysteria, has anybody noticed that the sells totalled £154,00 and the buys £298,000 today ...? That's according to the figures shown here on LSE.
How can that be I hear you ask given that the share price fell sharply, and was down 12% ? Well, if you look at the bar/candle for today on a chart, it has done a 'hammer ' in candlestick terminology. This means that the share price was marked sharply down to 2.5p at the open, but then finished the day quite a bit higher at 2.95p. This very likely means that after the sell off at the open as the algo trading bots analysed the news, and then reacted with a flood of shorts, a wave of buying then set in for the rest of the day up to the close. In other words demand came in and surged at that lower price level.
Volume in the first hour was 8.29m, and then it stayed much lower for each hour up to the close - so therefore more like normal volume levels. Volume for the day was 16.64m, which is similar to the 18m volume level on the day of the last RNS release. Normal daily volume levels are around the 3m mark.
Like I've mentioned on here before, these types of penny stocks are heavily traded by short term traders, including the city algo bots which analyse news item catalysts when they come out, and then trade on them at lightning speed. That's why a news catalyst creates a sudden surge of volume on the open straight after an RNS. IMO the main thing is to look at the price action and then try to understand what is happening - however I get the impression that some on here are completely unaware of this kind of thing.
Some people like to think of themselves as sophisticated investors, but seem to have done no homework with charts and price action - they think that all the volatility of a penny stock's price action can solely be explained by mainly retail investors reacting to fundamentals. The reality though is that traders, whether human or algo bot driven computers love volatility - that's all that matters to them, as they can go long or short. They don't care about a company particularly, or what it does even - all they are looking for is a news catalyst and the high volume which goes with it. Both together mean volatility.
Hamm - you did say before the second to last RNS that people should buy ' as there is no risk ' to use your exact words....This was before we even knew that the District committee had voted in favour of the land access.....