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Same here @investor33 and I have to agree.
I could have sold for a very decent profit weeks ago but FOMO on the big finale (LP being granted) kept me invested.
If I sold I would probably have bought back in again at the now reduced price below my Avg, so it was definitely a chance missed there. Let's just hope that MM manipulation has a lot to do with the current SP rather than something bad that we don't know yet. The LP being is granted is the only thing that will stabilise the SP and stop the erratic climbs and falls.
Until then, we LTH are all along for the ride!
IMO there will be SP correction Bounce eventually LP Or no LP. I will be buying more at price I mentioned earlier IF SP gets there. IF LP is sorted then it won't be just a SP correction BUT will be astronomical Rise. I am here for a SP bounce but won't complain If we get astronomical RISE. AIMO DYOR.
A very correct post, thank you investor33.
I am also a long term investor. My hunch is that the turbulent water will calm and we will be able to see how deep this well is quite soon!
The next 10 tob15 days of trading will be frothy, but hopefully by the end of June we will know what we have, or do not have with much better clarity.
We will certainly see RNS reports, let's hope they come in on the up side as we have speculated they will.
This will be back to 7p with the V1 spud and results round the corner. Add to it the Lp, if it arrives during this period, and we could see a multi multi bagger in the making. You should only invest what you can afford to lose. With that mindset you have everything to gain here and nothing to lose. Everything is a risk and gamble in life and at some point you have to speculate to accumulate! GLA
Investor33 - good post. I stll think Matd will come through but its frustrating on two counts . The lack of comms from MB and the snail pace of MG bureaucracy!
Vikinglass: ill wait till MB gives me free shares so he's got someone to talk too 😂 (social care)
By the way - is there no edit function on here to correct typos ? Odd if there isn't.
Guys, I think we need to do sth or we will lose the lot to that bllllloooy Mongolians.
I'm not sure that people on here understand the extent of the MM manipulation - RNS releases are only part of the story, and anyway the MMs take advantage of these to fill their boots. My understanding is that the MMs trade their own accounts as well - they don't just 'make a market. ' Has anybody wondered why on some days there are more buys than sells, and yet still the share price is down 2 or 3% ? I think that was the case yesterday.
I've got 888,000 Shares bought at an average of 4.10 P and frankly I'm regretting not just trading the share. 3 or 4 times I could have taken a decent profit and then bought back in much lower down. 3 weeks or so ago I could have taken a £25k profit and then bought in at what is now a price below my previous average.
What I am saying is that without tangible progress towards MATD becoming revenue creating - just lots of false dawns - this has been an ideal share to trade for several years now. There have been lots of spikes on an RNS release followed by just as dramatic a collapse in the share price. This has been tyhe moist recent one. Plus some raises thrown in there as well.
Going back to the MMs - this share has been ideal for them to trade. They will accumulate at low prices, and then distribute at the top - typically on a spike caused by an RNS. The founder of volume spread analysis software always said that paying too much attention to news can be damaging to your wealth. Once the MMs trading their own accounts have distributed their holdings following a sudden spike, they typically then just let it drop like a stone. This way they panic weakholders into selling up, and then set about hoovering up all those shares in their accumulation phase. Then just rinse and repeat, as we have been seeing for years now.
The trouble is that people like me who consider themselves to be LT holders get locked in through the FOMO of the LP suddenly being granted, so they have to put up with the stress of the price action moving around like crazy. And look at how the mood on a forum like this suddenly changes when the price crashes for the umpteenth time after a spike.
The only thing that will change this situation is MATD becoming a producer rather than an explorer - until then it's just an ideal share to trade for both the MMs with their own accounts and for private traders.
There is clearly more to this delay than meets the eye. Mongolia is notorious for corruption, including using nefarious means to acquire assets. I have no doubt that the LP will be granted. The only question is who will own the asset when it is. It may well not be the current shareholders. In the absence of any communication regarding what is truly taking place it is impossible to make objective decisions regarding investment strategy. Hoping and praying won’t cut it.
There is of course the opportunity to try and gain a better understanding of what is going on. Mongolia has a rather influential and effective investigative journalist, Jargalsaikhan (Defacto). Were he to look into this I am sure more would be revealed. If anyone knows how to contact Jargalsaikhan it might just be worth it.
L2 sells in a long queues!
I was thinking of topping up at 0.005 😁
I can so see it coming
Don't worry we you will get there if LP not secured in a week or so.
Agree Hamm, i am not looking to buy matd at all unless we drop below 2.5p. Then maybe i woll think it about in context.
Ok Recession, now we know your plans 🙂
Thank you for sharing
I will topup If SP is around 3.50p and will Buy more If SP is sound 3.00p. AIMO DYOR
Nearly 50% drop and need 80% rise to go to 7.2p!
If no LP by spud expect 2p if not lower.
It is madness to buy now.
Rampers it is okay, go home and cry, cry cry rampers. Sadly for us investors MB has done us again. Luckily this is about where i bought in the first time so losses arent too bad yet, top up brought my average up.
HOWEVER , MB you are the worst baldy ramper. Ramper ramper MB
Maybe Mr WOS, Sir out looking very hard for days now for a shop that sells Mongolian Land Permits?
//Next leg up to 7p and i will bail out//
Take care you don't get crushed in the stampede! LOL
MB will be a very wealthy man overnight as soon as the LP is granted, so I have no doubt that he is as frustrated as we are.
The frustration is massive for all of us here, but I believe that the LP will come. Nobody can say when for sure though.
At the end of the day, it would be business suicide for the GoM to not grant us the LP as any potential foreign investors would steer well clear of having to deal with the GoM at all having seen what we have gone through.
GLA
Again boys and girls.
Nothing has changed and MB seems to be awol as usual. Farce springs to mind.
Next leg up to 7p and i will bail out
I ve got this funny feeling MB caused the crash of SP on purpose.
Sp would not have gone this low if he did not release the RNS
what's wrong with wos taking a break from this board for whatever reason, it's weekend now, i'm sure we all have better ways of spending it than hanging on this board ****ging each other off 😄
over and out 😎
I think financial security services should find out about paid posters and stop them.
Who is paying these paid posters?!
What is the aim behind it?