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Agree mr Rich
This should be much more quick with Ministry have all feedback they give before & Cabinet quick submission with sign.
All other documentation will becsame but under different Ministry so fast turnaround.
Very confident with my buying this morning :)
Another quick point IbIza.
I wouldn't put it beyond the chinese to pick this contract right from under the noses of any company.
But I don't think it will happen in this case. Many contracts have ben lost in Africa, S.America by western companies and given to the Chinese especially in Infrastructure improvement,construction and Mining.
I said said earlier most likely the papers have been circulated already a week or two ago, plus the fact the ministries will not
Not do any reading or due diligence and just have to sign the papers and just resend them, so I really think add all up and this shouldn't take more then a couple of weeks before it reaches cabinet for sign off,
Everyone knows this but some here are playing games,
The LP will be reached way before velociraptor results which is probably 7 weeks away and that's if things go to as planned
Yes did BUY more as well :)
Agree with almost everything Ibiza.
Except ministry for mining and heavy industry (MMHI) has now passed it to the ministry for construction and urban development ….
Find that a strange one…. Is Heron in an urban area? Anyway, as MB said they have to follow protocol and unfortunately PM are the first down this road establishing what the protocol is.
Ho hum
To say i am disappointed by this mornings news would be a polite way of putting it. I was hoping that at this time today i would found our SP to have doubled instead it is down 20% but showing signs of a recovery over what is left of the afternoon.
Is there a need to panic. I do not think so, the LP has been delayed not cancelled or re-assigned. It has been given to the Ministry of heavy mining. Nobody takes on a perceived poisoned chalice voluntarily but would only take it on if they felt their department and defacto they themselves were about to become very important in the future of Mongolian economics. After all if a large number of foreign countries are showing interest in the mineral and oil assets that Mongolia may have then they want to be a part of it. Could the license be granted else where (ie China) the answer is yes anything is possible. Is it likely the answer is no.
1) Having gone through the whole process then take over the license and give it to China would be so obvious a bribe it would stick out a mile and send all the wrong messages around Europe about doing business in Mongolia.
2) Minister for Heavy mining has not taken this on to save MPRAM of the pressure and the kindness of his heart. Although i am sure he might be a compassionate man this is essentially a ;political move for the top spot in time and having control of all the mineral resources is a large ticket to hold.
Personally i would sit and hold no point in crystallizing the loss (if there is still one) based on this just yet. The set of RNS should be good news until we reach TD then anything could happen and to a certain will depend on whether we have the LP by then.
Finally meeting in IoM was a good chance to meet the Ambassador of Mongolia to Britain. Sorry MB this just does not wash. Why on earth are we worried about meeting the Mongolian Ambassador to the Court of St. James. More likely the new Ambassador of Britain to Mongolia would be more useful. IMO. MB forced into saying something has actually said everything without actually saying anything. Petro Matad Energy is going to be big in the near future otherwise why rush it through, why meet in IoM why fly in CEO PM (other than gives a free trip home to family) Why fly in PM Co sec or whatever her titile might be plus the PM and Minister for Oil etc etc just to have a few photos taken. And have one of the senior financiers on the island attend as well.
Selling now would be madness as the upside still well out weighs the downside by a considerable margin. But for now this share will remain a traders share and will do so until LP lands and this should soar.
Very good time to buy this stock.Really there was not much reason for it to go down so much.It opened only slightly down but during the first hour of trading it dropped and then stabilised,Sure sonething to do with MM's.However with an hour and hslf still to go there is still time to recover
I just wish the certification had been passed to the ministry of wise owl speak.
Averaged now 3.38. Bought most at placing rns
Because of obvious overaction to update. See plenty time then LOGIC kick back in over EMOTION.
- LP Special Certification STILL go ahead under different Ministry
- New Oil Block Permit RNS coming with PSC / terms agreed
- V1 Spud & price build up with lot of top slicer already gone now so rise into drill more stable
Clever one BUY using logic
5.5m now we're talking. Whats your average zatcha.
AI THIS IS CALLED HOLDING in a company
Nice one mate.. holding 5.5m now as added today
Cashrules, 👍👍👍
Most clever and thoughtful comment amongst all of posted here today!
Mention looking for New Oil Block permit awards :)
Loaded more on todays drop.... added 1,550,000 today.
jittery speculators/investors provide great opportunities on days like today.
....Rolling in... bed wetters beware
GREAT READ from today's update
progressive-research.com/research/operational-update-shows-progress/
Speak whatever you want. But keep garbage ramping predictions to yourself
Look like lots who think top slice have ALREADY done now & why overeaction
Rest wait for LP which think will also be next 2-3 week for reason we discuss.
New Oil Block RNS any day
Blue momentum start again & top slicer did exit at low level but good forctsst who hold share for future RISE.
Cashrules - thanks for your opinions, Al-Investor will probably brand you a ramper now, we are not "allowed" to speak our views/opinions 😏
Header for RNSs say it all.
- Spud within next 2-3 week AND New Oil
And
- Block PSC, Proposed Work Program and Fiscalnyerms completed = RNS due on it.
After today OVEREACTION think will start to see BLUE days again with SP build up.
Cool investment mind WIN over unresearch emotion :)
It's highly likely that we won't see the LP for Heron before Velociraptor spuds. If we are lucky we may get it before the drill depth is reached? I am sure most sensible investors here were hoping for the LP prior to spud with the hope of top slicing a few quid and de risking their stake in the raptor drills? Looks to me now that we are all Sh*t or Bust on Velociraptor. Heron feels like a wild goose chase now.
Al-Investor predicts £1 wow - ramper !! 💩🚀
Mr A1-Investor you must think the same way for your £1 prediction. This is YOUR own words :)