Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Maybe really think about header & why I ONLY build up my holding level while other look at little price movement as big thing in life. Also my investing timeframe which is why I am always positive & not change with day.
- Mr MB have found oil, Cabibet have approve Special land access approval. Have done this under National Importance to make even more secure for company. All paperwork for signature with local govt (WHO MUST SIGN) and expect RNS any day.
- Mr MB have parallel development plan for est 3 BILLION in Toson Uul extension
- Mr MB negotiate deal with DQE to accelerate development for low cost / offtake & terms agreed with DQE head office for final signature. I expect this with local govt confirmation RNS.
(Development go ahead with production revenue with or without DQE)
- Mr MB bid for new blocks next to existing asset structure. We have at least 1 with fiscal term all agree with MRPAM (1 more fiscal term in negotiation). Some of new block BIGGER then Quatar
This one people UNDERESTIMATE and I say TAKE NOTE!!
- Mr MB enter Renewable space at PERFECT time with JV partner who have PROVEN experience & HIGH LEVEL contacts to get contracts - this is BIG!
Mongolia have world's BIGGEST Renewable potential & export market / capex investment source right next door in China. All recent top level talk between Mongolia / China mention this. Development Bank want to invest. Even US talk on it & EU group who visit some month ago.
- Enough cash until "at LEAST July 2024"
Mr Mike Buck have nearly 11 Million real share for reason & will give himself more option in future which he will deserve.
He has been genius in company strategy NOW (not past issue) because we are investor NOW we look at this.
People ask why I am always POSITIVE? Because nothing change to change this view & in fact only get BETTER / CLOSER to goal of £1 Billion + mkt cap company. Main thing was CENTRAL GOVT Cabinet approval - We HAVE this now. Rest "formalities" just like RNS says.
Also 20th June RNS talk about "MULTIPLE" near term Renewable contract news!
Buy or not. Progress to header company development well on way!
And some people talk about get rid of mr Mike Buck NOW!!!!!! 😂😂😂😂😂
Be profrssion in analysis & wise 🦉
Without MB this company would thrive under the correct leadership.
He has 5 years to prove and miserably failed.
We are in this mess because of MB and Not the locals.
A CEO who is never present in the county He is appointed to. Watch all his interviews they are from Singapore and not Mongolia..
Useless guy needs to go. Fresh start with the locals .
He has created enemies with locals hence this situation..
LOL.
Madness 😏
5 years and 40plus million down the drain. Shows how good of a CEO he is
Wasted $2 million drilling V1 when most sensible folks were saying it shouldn't happen until Heron in production.
He goes drilling without permit and on top of that takes the governor to court. Lost the case . Why do you think the locals are not willing to give LP.
HE got PM in to the current situation. Fresh start means you can go and negotiate. He is nothing but a liability to PM
The only thing he has achieved is found Oil next to an operating oil field. Which he ruined by not getting a permit..
No Lp
No DQE deal
No PC facilities contract
No revenue
So in total his achievements are 0
Think some people play game here & very obvious LOL
Think all i need to be say in post at 07:00am. Rest is little player playing little game in little chat board 😏
RNS will come now most important Central Govt Cabinet permission given & price will makexeay towards header. One who yap yap yap about CEO now maybe know this very well 🦉🚀
Header say all, header say all
Bloomberg give more pointer to other development for this.
Let us see now what happen next few week to start 🚀💰💰💰💰💰🔥
Should also check oil price 😏💰
PM don't HAVE any bloody oil to sell!
PM HAVE oil in Heron. Also eat 3 BILLION Toson Uul.
When you say they have "no oil to sell" this us why mkt cap is so low & where OPPORTUNITY is for header.
Read back post I make at 7:00am so will not have to explain again.
Be Happy & well research 🦉
What do you think MB's strategy was here?
It can't have been to attract locals to buy shares and it is not that useful as a pr platform for the international investors.
I can only think this is an attempt to do s soft pr release to ingratiate PM with locals in Mongolia, trying to make us a "successful local business" that Mongolians want to support and see succeed.
There seems little other point to this interview at this stage at all.
Mongol Govt have bigger strategy which you must look wider then MATD BB comment.
Main focus energy independence and can read article today about refinery / pipeline montsame.mn/mn/read/326375
More then this check other research on this subject which explain then will start to understand what I say in post at 12:04.
Petro Matad have FULL GOVT SUPPORT but not only for Heron which all investor here focus on. See comment by mr Buck about JV with foreign company for new exploration & why IOM meeting take place.
Interview was about preparing this which Petro Matad will be important part of. Then look at all this with Petro Matad development into £1Bn+ company.
Heron important info was Herder Agreement which leave path clear for local govt certificate.
People will see or not but VERY important if you know what you are looking for 🦉
WOS - people FULLY understand what you post, they just don't think it can or will happen in a reasonable timeframe. Be Happy.
"WOS - people FULLY understand what you post, they just don't think it can or will happen in a reasonable timeframe. Be Happy."
Mr BP you make very interesting point here sir.
- First think everyone understand when Petro Matad move to PRODUCTION then share price will be MULTIPLES of now.
This js why I say now we know Herder Agreement complete there is no hurdle for certificate signing (big hurdle was Cabinet Approval and we get this 5th July).
Local govt cannot sign certification until Herder Agreement complete because this was main issue of herder right and EIA have address environment impact already which was part of EL issue.
I keep say "FORMALITIES" mean just this.
- About £1Bn+ mkt cap this will take little more time but with DQE fast track of Heron at same time as est 3 Billion Toson Uul then will be quicker then people think.
Add to this "Multiple Renewable contract developments" it talk about in June RNS.
MULTIPLES or MULTIPLES of MULTIPLES you have to HOLD to benefit sir.
Be Happy 😊🦉
LOL, you've got to laugh. MB interview and as sure as night follows day, the SP falls!
TBF, I actually do feel for the guy. He looks knackered and I don't blame him... trying to work with the Mongols is clearly a near impossible task.
Start with Heron fast track if full field development + est 3 BILLION bbl in Toson Uul.
Will not even mention New Block until more detail come but can add revenue also from "multiple renewable contract developments" we can expect in near term in global largest renewable space.
Hope this help sir just for starter.
Be Happy 🦉😊💰💰💰