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A positive RNS would be more than good this will rocket on news .
Mms want your shares that much I do know ..
Wigster - thanks, took the words right out of my mouth. There have been many instances of large falls following RNS's that have been about delays.
Supersport, just cast you eyes back to May 22nd last year. RNS wasn't actually that bad, but it was further delays. SP fell from 6p+ to I think mid 4's on the day, then continuing to fall into the 3's within a month.
Investor33 - I'm not saying that. I'm saying (IMO) I think it is now less than a 50% chance that MB will announce at the AGM that we are about to start producing oil, and that instead we are still facing delays.
There is a tendency here by some to assume that a RNS would definitely be the start of a long climb northwards.
There are yet a few more hurdles to jump before the race is won as always mentioned at Aintree.
I suggest that an RNS would be good but a few more hurdles would need to be overcome before this becomes a 5x bagger.
GLA
Wos ; the' intel ' in the last RNS also stated that the governor might try to block the issue of the land access permit, and that the company would remain ' vigilant ' about this possibility. You and Hamm never mention this for some reason.
Does anybody know roughly when the drilling season tends to start on average ? It it sometime in May ?
Doc - there are still 18 days until the AGM - so I'm not sure how you calculate < 50% chance of an RNS before then.
Funny - I just found an article from Dec 2010 which read as follows ;
"Petro Matad also updated investors on its analysis of the highly successful 2010 drilling programme, which found oil in three successive exploration holes (DT-1 to DT-3).
The success of these three wells propelled the company to become one of the most followed AIM-listed explorers in the second half of 2010.
Its shares experienced a massive rally from 45 pence at the start of drilling to a new high at 199 pence back in October. "
I don't think people actually understand what they read here, land access already given approved, just land use required even plan B will even get done soon by passing the dornod guvnor if he doesn't play soon,
It's all approved by main government so its happening so to state this will drop 50% on a delay meaning of no RNS by AGM is just very very silly,
I believe we will get something by then as buck knows exactly where this is and when it will need signatures, I'm sure his got a date to fly out there already,
And this is the game buy shares and wait for it to happen, matd are I. A very good place now once go ahead given it will transform
Master 82/wos keep us updated on any info from the meeting yesterday if you find any please, just a basic land use agreement once drafted up and signed and most likely had something to do with both meetings that have taken place this month aswell, here's hoping we get something next week but with the time elapsed on already we are closer then ever , good luck all
Supersport. On 19th Jan the SP was 4.2p, on the 29th Feb it was 2.75p...or a drop of 35%. And yes, it has of course climbed back up again, but swings of 30% + or - aren't unheard of here. IMO if there are more delays announced at the AGM, then it could very well see a similar drop over the course of a month or so. If its positive news, can I see the SP being 40p+ in that timescale? Nope. But I would dearly love to be wrong :-)
ATB
Sell test is amazing. Can sell 1m+.
Buy very limited.
Big boys will own majority of shares.
Don't be left behind.
Enjoy the rise guys.
10 bagger no doubt = LP/H production
Doc 30% Drop in your opinion .
Well in my opinion this will actually 10 bag here.
Happy to risk your 30% drop which of course is balderdash.
Agree and to make it clear...
MB HAS to announce material information immediately. So either it is still not done and probably more delays and SP DOWN 50%(my guess) or it isnnot material information and SP will not go up on next rns... simple. Even mr wos should be able to understand logic SiR...
SP could easily drop 50% if there is nothing solid and no permit announced at or before the AGM. If drilling and pimping is delayed in anyway, this will not be well received IMO.
It's OK Manx, Doc and everyone else starting to get concerned...the positive RNS will be here "any day now!!" and it will "10-bag minimum" instantly and it will "BOOOOOOOOOOOOOOOOM" and there will be rockets everywhere and everything!!! 100%...WOS, Hamm et al have told us ad-infinitum for months on end, so it must be true.
I will certainly enjoy my humble pie if it does happen.
GLA
Mid April and still nothing. The AGM has to be very positive, i.e. we are (or about to) start producing oil. Any further delays or excuses whatsoever will IMO mean the SP falling 30%+ on the day. And also very likely a raise. To reiterate for those with a sub par IQ - I do not want this to happen. But I am concerned and IMO now below a 50% chance that we’ll get the unequivocally good news we need at the AGM.
No doubt here or in the SP . Notification will come in time
Just saying !
Researchandhold said //BP is like a stain on humanity//
I'm forming the view that there will be no substantial oil revenue before summer 2025 at the earliest. Raise(s) will definitely be needed.
Thanks, WOS.
I would have thought that MB would have to and should state if the permit was issued and in his possession as this would certainly result in confidence and belief that the pumping of revenue will commence. This would materially change the mood and investors appetite for further investment resulting in a sharp increase in the SP.
He would be obligated to announce this immediately. But he hasn't leaving the doubt to creep in.
I think all the Intel is there if you look for it. Land access is agreed as RNS state. Mr Buck does not have to RNS actual signing of document if he has already said it is Agreed and Preparations being made.
If I was 'alarmed' i would not invest & will recommend this to all who are same - stay out and wait for RNS 😏
Rest will start to take positions i think - enjoy day! 🦉
Londonkippers nice post but the sp is gently going North which is great for when all the News arrives
The RNS due soon has not materialised yet! "By the end of Feb, great, but happy to wait until the end of March. After that concerns creep in" has always been my position here. Allow a 2 week window due to Easter to take us to today. Still no RNS.
The only RNS we have seen are based on agreements at meetings and statements from government deparyments and strongly optimistic statements from MB about commencing commercial operations in the spring. We do not have the required permit issued out of the Mongolian government to do this!!!
Elections are coming in. Every excuse for delays and a go slow or reasons for not issuing the permit until the outcome of the election has happened.
All I have seen is a Mongolian government still building their systems of governance and patting eachother on the back with platitudes, but no real break through or action.
This is starting to creep into an area of growing and alarming concern for me. The RNS will come for sure. But when and how much money has the company got for a lengthy campaign beyond July to get this permit issued????
Header say ALL and many already beginning to understand what this will mean for Company and share price as Company move into OPERATIONAL stage.
Have give all background Intel (and some I keep because take other links to explain & cannot be bothered this days).
Buy or not no problem - 2024 Operations going ahead with share price progress to match this.
*Mr Mojito Heron good sign for you 💰
🦉
Guys, whether mystic or not, there were definitely no cuckoos involved. Not sure whether two herons means two wells, but what the hell, let’s say maybe it does ! Shall get back to planning a visit to the car shop .
Mojito - are you sure it wasn't one flew over the cuckoo's nest?
It's good omen buddy, not just an coincidence to the current situation, the earth orbits the sun and the moon orbits the earth ina galaxy full of asteroids which could wipe us out at anytime is sign for all of us, nothing is a coincidence,
Does your two herons mean two wells will be planned at the same time ? Wait and find out I guess, if it does then I will have to invest in mystic mojito next
Honestly yes Cybertron! Never ever seen a pair. And it wasn’t an early evening drink and seeing double either. I’m going with mega good omen. Obviously that’s not a very technical analysis of the current stock situation, but it’s fun. Gla
Are you sure you saw two herons?
Anyways master/owl keep up with the great posts,
Held yesterdays rise today means possible another great push north tomorrow, good luck all, let's hope this game changing RNS lands by next week if not tomorrow