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Master82, The locals are maybe asking for more than they are being offered. We don't know. It's all speculative. No RNS means no news yet. let's wait and see. if no news this month then we need to push MB for an update.
Wise. Wiseup.
MB has achieved very little over the past 5 years.
He is worn out. Listen to interviews, repeating the same rubbish for years.
If you can point to me his achievements and answer why the locals are refusing to grant LP then I will stop going on about MB.
As sir Alan would say who is responsible for the failure of this task.
HE HASN'T ACHIEVED ANYTHING FOR THE PAST 5 YEARS WHAT MAKES YOU THINK HE WILL NEXT YEAR.
Real concerns about due process in Mongolia and the logic behind blocking investors from progress which can only damage the country's reputation as a safe place to do business in.
Has MB damaged the reputation and ability to function in Mongolia? Is this now a personal issue as some are suggesting?
I hope not and fingers crossed everything will click into place with LP issued and new blocks announced and new energy company confirmed. There seems to be a lot happening on many fronts with no news or positive updates, suggesting that issues may run quite deep here....
No one is playing any games. Just fact check the situation we are in.
Been stuck here for 5 years with same old story every year
Think some people play game here & very obvious LOL
Think all i need to be say in post at 07:00am. Rest is little player playing little game in little chat board 😏
RNS will come now most important Central Govt Cabinet permission given & price will makexeay towards header. One who yap yap yap about CEO now maybe know this very well 🦉🚀
We all said same thing last year. Still no oil.
Just ask the question why are the locals opposing. The answer is MB.
The only thing he has achieved is found Oil next to an operating oil field. Which he ruined by not getting a permit..
No Lp
No DQE deal
No PC facilities contract
No revenue
So in total his achievements are 0
No CEO is perfect. Only MB knows why he made the decisions he did. Now is not the time to quarrel and oust MB. Now is the time to get Heron online asap. It seems to me as something is brewing in the background. We could be close to producing. Hold tight for now. If nothing this year then it will be time for MB to face the music and handover the reins.
He goes drilling without permit and on top of that takes the governor to court. Lost the case . Why do you think the locals are not willing to give LP.
HE got PM in to the current situation. Fresh start means you can go and negotiate. He is nothing but a liability to PM
Wasted $2 million drilling V1 when most sensible folks were saying it shouldn't happen until Heron in production.
5 years and 40plus million down the drain. Shows how good of a CEO he is
LOL.
Madness 😏
Without MB this company would thrive under the correct leadership.
He has 5 years to prove and miserably failed.
We are in this mess because of MB and Not the locals.
A CEO who is never present in the county He is appointed to. Watch all his interviews they are from Singapore and not Mongolia..
Useless guy needs to go. Fresh start with the locals .
He has created enemies with locals hence this situation..
And some people talk about get rid of mr Mike Buck NOW!!!!!! 😂😂😂😂😂
Be profrssion in analysis & wise 🦉
Maybe really think about header & why I ONLY build up my holding level while other look at little price movement as big thing in life. Also my investing timeframe which is why I am always positive & not change with day.
- Mr MB have found oil, Cabibet have approve Special land access approval. Have done this under National Importance to make even more secure for company. All paperwork for signature with local govt (WHO MUST SIGN) and expect RNS any day.
- Mr MB have parallel development plan for est 3 BILLION in Toson Uul extension
- Mr MB negotiate deal with DQE to accelerate development for low cost / offtake & terms agreed with DQE head office for final signature. I expect this with local govt confirmation RNS.
(Development go ahead with production revenue with or without DQE)
- Mr MB bid for new blocks next to existing asset structure. We have at least 1 with fiscal term all agree with MRPAM (1 more fiscal term in negotiation). Some of new block BIGGER then Quatar
This one people UNDERESTIMATE and I say TAKE NOTE!!
- Mr MB enter Renewable space at PERFECT time with JV partner who have PROVEN experience & HIGH LEVEL contacts to get contracts - this is BIG!
Mongolia have world's BIGGEST Renewable potential & export market / capex investment source right next door in China. All recent top level talk between Mongolia / China mention this. Development Bank want to invest. Even US talk on it & EU group who visit some month ago.
- Enough cash until "at LEAST July 2024"
Mr Mike Buck have nearly 11 Million real share for reason & will give himself more option in future which he will deserve.
He has been genius in company strategy NOW (not past issue) because we are investor NOW we look at this.
People ask why I am always POSITIVE? Because nothing change to change this view & in fact only get BETTER / CLOSER to goal of £1 Billion + mkt cap company. Main thing was CENTRAL GOVT Cabinet approval - We HAVE this now. Rest "formalities" just like RNS says.
Also 20th June RNS talk about "MULTIPLE" near term Renewable contract news!
Buy or not. Progress to header company development well on way!
I agree with DIringer that MB may have found the oil but is not the right man to lead us forward. But not right now. There is a real danger we try and oust MB now and we would throw out the baby with the bath water and we would be back to square one. Wait and you will be rewarded. Get rid of CEO we might lose the government backing and we might just discover new obstacles in the way. On top of which the sP would tank short term. Sit patiently and hopefully it will come in next couple of weeks. This is not the time to be changing skipper.
So Geo61 WAS iamrich - simples! Wonder why he felt it necessary to change his name.
D1nger you come across as a genuine person with knowledge of the company to back up your posts. Thornogson also posts sensibly giving valid reasons behind his posts whereas others on here seem desperate either to get in at a lower price or to get what they think will give them a quick profit as if its their god given right, posting incessantly its someone else's fault that they're not making money quickly enough ! If it was that easy we'd all be multi millionaires.... Mike Buck has created this situation He found oil ! and he's had difficulties since but there's light at the end of the tunnel ... bit of patience as you say.
Anyone new here should read the D1nger and Thornogson posts ( as well as doing own research ) and not those of crazy person who posted earlier tonight with his conspiracy theories !
Mike Buck is a geologist. He has found oil which is great but I become less confident in his management of this company as time moves on. He is most definitely not a conman, he just appears to not have the arrogance to take the bull by the horns and make things happen.
It is only due to the fact that the man has invested heavily with his own money that I continue to remain a loyal and patient investor in this company.
He does have close to 11 million shares at an average of over 3p per share so I remain invested. Why would a CEO buy so many shares at such a cost if the investment wasn’t worthwhile. It’s either worth it or he is an idiot. I’m going with worth it.
Mr Mike Buck say DQE approach them not other way round. Nothing suggest messing around so will not pluck out of air if nothing suggest this.
If happen then happen but nothing show this is case. If they did Petro Matad carry on field development still with production revenue but not at such fast pace as DQE.
Will still be move from Explorer to Producer with share price multiple of now but all advantage for DQE also in partnership & why they still there.
Buy or not 😏
I don't think Dqe will mess around. They are getting a good deal.
Oil found and very close to infustucture.
The only problem we have is a company run without a competent leader.
The people who are loose are the investors. MB and Co will getvpaid no matter what happens.
Even if the locals finally play ball, I’m nervous on DQE messing us around, despite the MG supposedly assisting with negotiations. Let’s just hope this all gets sorted ASAP… it really is all very fishy.
If RNS come then good. If no then no problem can expect very soon. Relax or do not hold & look somewhere else 😏
My holding all secure 🦉😊🚀
If anything positive came out of the local meeting on Friday I would expect an RNS tomorrow - but I'm not holding my breath.
The root of our problem is MB. Do your research and you will realise who is responsible for the current situation.
It's frustrating because the real problems are not being delt with fast.
How can you run a company from million miles away and except things to just fall in to place.
The last time I had glimpse of MB being in Mongolia was when he was in 2019.
He has not got Jv agreement
He has not got the LP
He has no agreement with PC for using facilities.
This has been dragging on for years.