Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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*persuade the West it HAS reformed
Very true, both BP and Manx. To counter again, there was never a shortage of energy, but rather a lack of infrastructure. Plenty has now been put in place, hence energy prices falling and no concerns for the coming winter or beyond. Long term, Russia can’t keep giving away its oil for next to zero.
I think there’s plenty to go yet with this Wagner story. And if incredibly Russia does manage to persuade the West it’s not reformed, it’ll be a long time before sanctions are loosened.
Regardless, all that matters to us right now is still the LP. And maybe a successful drill on V1.
But if Russia under a new regime wishes to enter the world, they will need to pay for the rebuilding of Ukraine. This could be done in part by the west demanding supply of discounted Russian commodities and paying the money, or a large part of those monies, to Ukraine as a form of getting their hands on the money for reparations for the unlawful invasion and destruction of Ukraine.
We will see, but I can see the commodities sector being skewed for a while going forward.
If/when sanctions are lifted the oil importers will probably buy wherever it's cheapest. Business is business.
Even if Putin was toppled and a more moderate leader installed, I doubt the West will go back to Russian oil and gas.
This could have a knock on affect with India and other Asian countries who are getting cheap oil and gas from Russia. Mongolia gets oil from Russia. The other day, the Russians we’re going to pump a larger volume for Mongolia to build up big reserves as the Russians are closing the pipeline/ refinery for a few weeks maintenance.hopefully this will spur the MG to prioritise oil independence a bit more vigorously. We can hope🤔
I did a lot of test buys yesterday and indeed very hard to buy , most I could get up was £3k worth and lowest price 3.85……compare that to when I sold 3m a week or so ago and sold the lot within 15 mins…….probably hoovered up by Mongolian cabinet ministers knowing they have to issue licence soon ! I mean it is corrupt Mongolia!
The EU had a conference 2 weeks ago for "the day after" with Russia in regards to Ukraine.
Now we have a huge development in Russia with strong words and anger in the eyes of Putin. The military seem to be standing by and letting Wagners move freely in Russia. Wagner are only 1 days march from Moscow!!! Roscov and all of the huge military base and munitions are under Wagners total control.
If the uprising does result in a full regime change in Moscow, then the EU will want to align itself and work with the new power base as early as possible. This will probably mean strong contracts for oil and gas and without sanctions, oil prices could fall fast.
This could affect the ultimate value of our investments here.
Watch out for this.
Equally the world could give a huge sigh of relief and turn the taps on for development and growth which may keep the prices up.
A very uncertain time with volatility in the commodity markets including the oil price lies ahead of us.
Do wonder if there'll be any loose lips during these proceedings 🤔. But while we wait, GLA
https://mrpam.gov.mn/news/2573/
Fair point Doc!
PS - we should have drilled to our first target today 😀
If only I was that clever but thanks 😊
Yeah owl is spot on with that doc, 💯 think everyone else thinks the same too, come on you don't have to be a rocket scientist to figure it out what you guys are up to
Doc 💯
"Understand one who post here every day with negative comment really look to BUY"
If talking about the likes of myself, BP, CaC etc then that is a completely false statement and you know it. Shareholders are allowed to be balanced, and even negative.
+3.80% up on Google
Next week watch flood gate open up for BUYING
Buyers flooding back in. Are we surprise?
Understand one who post here every day with negative comment really look to BUY. Same as one who say very sillly thing like "let us collect money to take Mongol Govt to court". This person is foool
"Know the enemy and know yourself in a hundred battles you will never be in peril" - Sun Tzu
Your armour is good research and then will see how weak this people argument are for Investor
Be happy & trust research :)
Small town buyers......but buyers.
Thx Manro but I'll do what I want without advice (no offence).
If so, than start to do the same BP.
It will be much more effective and good way to use your energy than every day write here a lot of comments, even if they are truthful.
.....
Something VERY important happen.
Go to Special Certifcation route which mean direct control from local council to Ministry
If you think local council always block LP & MMHI supportive then you know what change (if you want to know).
Negative posts?
Understand this people want to BUY so do post negative or deliberately mislead.
Good research best way because they do not care if the lie or miskead on BB ;)
At least it might wake the MG up to what some overseas investors are thinking about Mongolia as a place to put their money.
Alan - why didn't you think we'd see this back below 4p? Nothing has happened since we were 1.6p in December, other than words, failed promises, a 20% shot a Velociraptor and a cash raise. So you could say that to be at 4p, or 3.8p, isn't too bad?
B/p: Whoever it is I hope it is useful for the benefit of PM.
Maybe they are lovers?