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What if MB write a thorough letter to PM, MG and PG explaining in details advantage of having strong MATD rather than weakening it. He also set a deadline to get LP signed or international arbitration and asking for full compensation for the years MATD has lost revenues. It is just a thought.
What I really don't understand is what MG will achieve to hold MATD oil production?
I don't agree with 1 or 2 years delay oil production save more oil for the country. We have abundant of pil and we might find much more if we have money for more drilling and exploration!
While strong MATD would help Mongolia in energy self sufficiency.
Hope MB considering giving a deadline to MG and if MG misses then we take further legal action.
Hamm's 'Out' at the moment.
He'll change his 'mind' when he get's back in.
Unfortunately I think he'll be out of pocket like Prof.
Still his choices, his reward.
So I believe its a matter of when not if.
We've progressed. It's been glacial but nonetheless we've progressed. We found oil, we got granted an exploitation licence, we got granted a special purpose certification by central govt cabinet, we got vote in favour for land permit from soum, weve got Land Agency, MRPAM and Finance Dept support and now it seems we've had a breakthrough in comms with activists. In addition we've not run out of cash (and have a fall back). Glacial yes but progression yes.
Like Hamm I am not overly keen on renewables
I get your points Thor and what you have said would give me some reassurance.
But on the other hand we have been told time and again all we need is a signature to get going for the drilling to begin.
To many myself included begs the question if that is the case why 2025 before we see anything coming out of the ground. The question of dipping into borrowing from petrovis and others will also arise
Move forward 6 months Roxy.
Would you be happy with incremental 'we're nearly there' updates and all ready for 2025 if it came with clear demonstrable evidence that their renewable joint venture was clearly carving a niche for themselves in what might be a huge market?
I'd rather the oil in 24 clearly but it's not a bad backstop in a company capitalised at only £30m.
Several shots on goal this/next year and if one or both go in we'll be winners of the league!
Is it? We’re down from ~4p to ~3p since last week. Yes, I’m glad things seem to have stabilised, but the frustration from MB was very clear. The Mongolians at all levels it seems, other than maybe MRPAM, seem keen to frustrate the process.
The market is trusting Mr buck you are quite right.
The problem now for mr buck is how he can build up on that trust. If we produce the black stuff this year all will be forgiven.
I think that's where we are at the moment
The 'Market' appears to be trusting Mr Buck just fine Prof.
Enjoy your trading.
Dare I ask how the short is going?
Professional ; instead of wasting time every single day repeating the mantra ' there will be a raise soon ' how about spending that time focusing on timing your trades effectively ?
Like just recently when you went on and on about shorting when it reached 4.5p. Well, it reached 4.4p and then spiked down to 2.5p on the open straight after the RNS, so you could have shorted at 4.4p and then bought back at 2.5p, giving you a quick 40% profit on your short. And then, if you had read the market, you could have gone long straight away near 2.5p and be 20% + so far in profit on that trade as well. A good short term trader would know that when lots of shorts close their positions at the same time there will be a bounce to the upside as they all buy back to close their positions. Even before the pretty positive AGM update by MB emerged yesterday, that bounce was happening off the low of 2.5p on the open straight after the RNS.
Some people talk the talk and others walk the walk....
Be fair Proff. WOSs post is a good and helpful summary of yesterday's meeting and not one of his normal type posts.
Only correction is perhaps his report on MBs comment about dealing with parliament in an apolitical way -Im not sure if WOS understood but "apolitical way"means a "NON political way"(not in "A political" way)i.i. we don't favour sides! but that could just be a typo?
Placing is stil coming imho.
I am now off by 1 day...Wos 500 days so give me a bit yes ...lol...
The market doesnot Trust MB anymore. Simple. Wether it is his fault or mongolia i do not know but reality is MB says more than hé achieves. But lets see.
For me remains a trading stock but not an investment.
Cheers off trading GCM again with my besty Wos. Made a lot of money because of him.
Same over there. Says one thing. Trades otherway...very succesfull
And NO placing and no IP addresses !!!
All i see is long text. Repeat repeat...
Lets look at the facts: no oil. No production. No signature after years...
Resulted in sp dilution and Sp decline year after year
Zzzzzz