Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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//Do you think it could slip back to the 2.5 level ?//
I think it will if there is no production (& progress with DQE to drill more wells) this year.
//shortly followed by massive good news via RNS//
Aye but those "good news" RNSs (& interviews) often cause the SP to drop!!!!!
Nothing has changed since last year.
Same old interviews and same old news.
No progress has been made this year.
Still waiting for the LP which should've been here months ago.
Why was the CEO not in Mongolia where he is facing a huge problem. He should camp outside the mpram office until LP is in his hands.
Not fk off to Singapore
Gosh give it a rest derampers. Been away for a week, same drivelling people sprouting end of the world nonsense.
I would assume MB in Mongolia for meetings and progress, not for sightseeing tour with Mrs Buck
It's always interesting to see the "it's all over this year, Mike Buck should go" brigage, shortly followed by massive good news via RNS
Nothing has changed, SPL approved, work ongoing, workover and multi well DQE deal in final sign off. Many other upside announcements due on other matters
As always, you are welcome to sell me more shares. Investors know that this beast is about to wake up.
Good luck and hoping for a positive update shortly
//MB is the problem//
To me he looks rather old & tired. I think if there was an acceptable & allowable takeover bid he'd be off like a shot.
MB is the problem. Its pointless him being in Mongolia because he will be relaxing in his hotel.
He is the one who has got PM in this mess.
5 years of failed management . He is our biggest downside as he has no get up and go attitude.
Too many years of getting away with doing jack and he has become a 🦥
Totally agree with you. My next target buy in price was 3.5 but am thinking of waiting a bit longer now. Do you think it could slip back to the 2.5 level ?
So I took a look at a monthly chart going back as far back as June 2013. When you look at a chart like this you can see the pattern very clearly - repeated spikes followed by dramatic fall backs to a support line around the 2.5p mark. So I counted 8 or 9 spikes in that period, with one major one to nearly 40p in Feb 2017 when there was no exploitation licence even. All the spikes were followed by equally dramatic and sudden falls back to the support levels. Five of the spikes created a strong resistance level at around 10p which it has bounced down from several times.
So this has been a game really for the ' smart money' ie the MMs and short term traders who trade in phase with where the smart money is - so for some a short term traders dream.
It's very obvious when you see a chart like this that the smart money has been accumulating at around the 2.5p level, and then distributing around the spikes. One accumulation phase lasted for the whole of 2020 and up to April 2021 with just one mini spike in June 2020 to 4.7p during that time, when the smart money offloaded shares that it had accumulated as low as 1.8p around March/April 2020 - so that's still around 250% profit. Nice work if you can get it...
So in summary you can see from a long term chart like this at least 5 long accumulation phases, followed by around 9 or 10 ' sucker rallies ' which locked in weakholders , so that they could then be shaken out when the price was suddenly dropped, or their stop losses hit. By the way, that artificial and very vicious price drop on 07/10/23 to 1.8p followed by a ' miraculous ' sudden recovery just a few minutes later, was a drop to previous support levels which is very obvious when you look at a long term chart. That's purely because the MMs knew that lots of stops were placed at around that level....
As long as MB is in Mongolia the chance of H1 production is high.
My bet is that H1 will be operational soon.
I really thought it was going to Looking at the charts, not happy that it broke downwards. Game of odds, must be due a blue day 😉
Ben - I'll file that with all your other posts where you said this was going to POP! LOL
Going to be a blue day here
Going to be another BEM.
Just a guess but perhaps this may have something to do with the formalities delay, it's certainly looking likely 2023 is going to be another wasted year. https://mongolia.gov.mn/news/view/26772
WOS- //If you really do not think RNS coming do not hold share. Who force anybody?//
WHY? - because folks think the SP is at or near bottom so the only possible way is UP. Unfortunately they are being proved wrong almost on a daily basis.
Mr Doc
Now you have this great GOSSIP BURDEN off chest focus on HEADER 😂
Be happy 🦉
Oh WOS, please. You’re just embarrassing yourself now. You’ve been wrong every step of the way. I can’t believe we misread the RNS in July when we thought we finally had all the permissions and have you a well done, when in fact nothing has changed re our position of still not being able to extract oil.
Very nearly September now, which was my prediction and one you shot down. I’m not sure even that will come good now with these “formalities” taking their time! Q1 2024 at a push, perhaps?
But as Thornogson says, does it matter if it’s next week, next month, next year, cos it’s happening! Sadly, at this rate most of us will be 6ft under!
Think better to put investment case there. Maybe newbies will be more upset to miss out on x20/30 Bagger if RNS come tomorrow.
Have give resin why think we can expect this VERY soon. If anyone does not think so then they choose to BUY or not.
Must not forget all ADULT before you wrap up in baby towel lol
Be Happy & grown up 😊
FAIL!!!
I ask the question because after this timeframe, production this year would be unlikely. We then face distinct prospect of another cash Raise .
In this event SP likely to drop therefore recommending newbies to jump on board becomes highly irresponsible.
Answer to Question mr Ojay is simple
MULTIBAGGER
Not just any Multibagger but BIG one & why header say it.
Who care really about 6 week if header correct. Does it matter really if RNS come 6 Week + 1, 2 or 10 day. If you have share safebe happy & wait.
If you really do not think RNS coming do not hold share. Who force anybody?
Mr Doc "have a try tomorrow morning of not posting a list of repeated positive reasons to invest in MATD. Or even better, having a day off."
Why you worry. Just filter very simple.
If investment have NOT CHANGE then why stop posting reasons why am invested. Some new poster like this & many old holder have no problem or if do filter please like I say.
Better then gossip or just nearly EVERY post attack of other poster. This person is one who need a Doc 😂
Be happy keep share safe & enjoy day with fellows 🦉😊🌞
Horsers: I'm sure you don't need my opinion on that.
Let me quote Thornogson (his post on August 21 around 08.00am):
"The only real debate is whether it's realistic to think that it [the multibagger] won't happen."
Couldn't agree more! So what was your question concerning 6 weeks?
I just can't wrap my head how or why it's take so long just to get LP?
MB is definitely not a cheat. I don't think Mongolian government trying to cheat either.
MATD success would be MG success too. What would MG gain if MATD fails? Nothing.
A strong MATD/Exploration/explotation can benefit Mongolia as they have money to spend to invest in sourcing more oil. Having income makes MATD to be able to invest in renewable energy too. When MATD has income then Mongolian government earns money by collecting tax. MATD can create jobs as well as helping the locals and also makes the country more independent. I can't understand why guys may think really MG are sabotaging MATD to be become an oil producer!
Guys, MB is in Mongolia for a reason and that is sort out H1 asap now.
I am looking for RNS to give us a date for H1 production.
WOS - what gossiping have I done?
Goodnight, and have a try tomorrow morning of not posting a list of repeated positive reasons to invest in MATD. Or even better, having a day off.