Firering Strategic Minerals: From explorer to producer. Watch the video here.
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World bank reporting oil to rise to 150usd per barrell.
Oil prices could soar to a record high of more than $150 a barrel if the war between Israel and Hamas leads to a repeat of the full-scale conflict in the Middle East witnessed 50 years ago, the World Bank has warned.
In the first major assessment of the economic risks of an escalation of the war beyond Gaza’s borders, the World Bank said there was a risk of the cost of crude entering “uncharted waters”.
A “large disruption” scenario comparable with the Arab oil boycott of the west in 1973 would create supply shortages that would lead to the price of a barrel of oil increasing from about $90 to between $140 and 157. The previous record – unadjusted for inflation – was $147 a barrel in 2008.
Another reason to invest on oil.
Whatever price it get to will be MUCH higher then valuation targets which use $70bbl.
Even with this price we have nearly x 10 Bagger on just known asset base. What is multiple on $90, $120, $150!
Signature to start operations is key that will unlock START of rise in target direction
(Then we have other assets to look at for value adding with New Blocks, Renewable contracts, JVs)
Multiples of multiples from BUY price today
RNS can come any day so up to investor to make decision to be part of this or take chance to be out.
Be happy with decision whatever you choose 🦉
And yet out of the 8 buys yesterday only ONE trade scraped into 3 figures.
Doesn't appear to be much appetite for a ten bagger giveaway. Maybe people are becoming more realistic.
S all investor think they have time to get in before RNS.
Very simple but with parallel process that have started thru MRPAM letter (28th Sept RNS) it could come any day and intel I post look like this is case
When full permission come which it WILL because of Cabinet order & laws which do not allow blocking of thhs then door open for Institution / Funds which will open up value.
Control go from small investor to large Fund buyer which has good for investor like me 🦉
//RNS can come any day//
"any day" could be today, tomorrow or in 6 months time. The market doesn't seem to believe it will be soon - or if it is soon that it won't boost the SP.
Make your own investment decision on this 🦉
It’s becoming criminal now the length of time to get this LP over the line how the hell can something of national importance take this bloody long
RNS LP granted this week.
Watch the space.
How stupid are Mongolians. They rely solely on Russia. And when this happens they are buggered.
Mongolia currently supplies 100 percent of its oil consumption through imports. In doing so, about 95% of the total consumption is imported from Russia by rail through Sukhbaatar and Ereentsav ports, and by road through Tsagaanuur and Borshoo ports.
Due to the situation in the domestic market of the Russian Federation, the government of the country has decided to ban the export of gasoline for an indefinite period from September 22, 2023. According to this decision, the Russian Federation did not supply fuel to Mongolia, and the import was delayed for a certain period. Due to this, the supply and supply of fuel in the domestic market of our country has been disrupted.
Subsequently, as a result of taking relevant measures by the Government of Mongolia, from October 6, 2023, the export of petroleum products from Russia to our country through Sukhbaatar port has been resumed. However, due to the difference between supply and demand, the supply of fuel in the domestic market cannot be stabilized.
Intel from document research suggest VERY soon sir (all source posted for independent check so make up own mind from own research)
No leak or price move from Cabinet decision give away RNS before & will be same this time am sure
Focus on fundamental always 🦉
Nearly 4 month now.
RNS should be any day.
Hahaha delusional!
Hamm - you're embarrassing yourself now
Did they not say that they were seeking approval to move equipment in while waiting LP sign off? Has anything moved has there been any progress on this the silence from the board ridiculous now
SS - £1500 of trades today apparently. Calm before the storm? Let’s hope so and that we get that RNS, 8p+, and Hamm agrees to my proposition!
Unless they have deals in place sir already with negotiations advance / complete while they wait for final local signature
BUTT
When RNS confirm final signature lot of people will be like you and understand what this means for company to move to PEODUCER / REVENUE so will be happy to build up positions and wait
This by itself will start to push price up and we see how small volume affect this
WIN/WIN as long as RNS come and all know it MUST come otherwise blocking DIRECT ORDER IF CABINET and under Project of National Importance is criminal offence
RNS will come and production this year or next will see higher SP anyway
and all know every day is closer to RNS which I expect any day now with local authority open to parallel process with MRPAM letter from 28th Sept RNS
Wise & Happy & Patient 🦉
Consolidation today after Friday 17% rise and yesterday profit taking.
Time for Next price push up?
Have good evening all fellow investor 🦉
Give it a rest WOS - you're boring the feffing pants off me!
Good job WOS! This is not an entertainment BB.
It appears that b/p (still) doesn't understand what's going on - that's his problem.
“ This is not an entertainment BB.”
Maybe not for you!