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Header say all - some speculation what if this? What if that? I focus on MAIN point which is what really push price.
Company set now to go from EXPLORER to PRODUCER in 2024!
Last time this year we did not even have Cabinet Approval just EL and non RNS comment from Minister.
Now we have mechanism in place & explain with all condition satisfy, money in accts & transfer we can expect very soon/RNS.
This will lead to MULTIPLE RNSs as part of process for Operation start in March /April.
Some try to second guess this / that - no problem your money - buy or not and no force or guilt.
I look at MAIN point with focus on INVESTMENT in my timeframe. Think lot of other also start to take longer position with UPTREND we can expect as company move to first Production / Revenue.
Just like we suffer with drop on low volume now we look forward with CONFIDENCE with this work in our favour as part of uptrend.
My focus always on Investment Main Known points 🦉
Thank you mr Dozzaeba 🦉
Https://www.facebook.com/100072410884009/posts/pfbid02JUk5rMSHFSr7oeAAsDSqFHSoPpPiNThyTn5wHTTvud8xEH9i8B3UP7E2PQxHPU1Dl/
This just posted on gogo.mn on FB
That's an interesting find....
This should have been 6p. Very cheap. Let's see if we cross 4p today.
Massive rerate definitely.
I can see why Mongolia has solar/wind potential too from that photo.
What else could you do there?
Hamm, I can see this dropping back slightly today and carrying on slowly downwards until we get the next RNS. I do of course hope you're right and I'm wrong...you could well be, as we did hit 7p+ in May on nothing more than anticipation. Either way, this weeks' RNS was extremely welcome to calm the nerves, and hopefully the "big one" really isn't too far off now...
All IMHO. ATB & GLALTH.
This is what people also maybe do not understand and what I say for months - Mongolia have global biggest RENEWABLE potential & massive user market next door in China.
In Dec 2022 RNS it say they explore this and identified "highly experienced and well connected" potential partner - no JV at this point.
This is where I say mr Mike Buck is genius with company GROWTH strategy so with research did not have problem for extra fund raise after to make JV happen.
Say again will be MASSIVE for company / shareholder but will focus on very near term Production base RNSs now 🦉
Chief Executive Officer Mike Buck said: "On the land issue, we feel that we are almost there, but we will keep pushing until the process is complete. In the absence of any recent precedents, every step has been something new for the government which has caused delays. We will certainly be ready to operate at the end of the winter stand down when we expect the long running saga of land access to be fully resolved."
Oil is over $80.
Sentiment positive.
FOMO.
Multi bagger guys.
Hopefully by the time we get land access approval we get to 9p+.
Don't miss this big opportunity.
Will see Mr Wigster and no one really know what happen on day BUT lot of investor will see understand this -
- All issue agreed, money in bank & wait for transfer so RNS can come any day now with company expecting this.
- People now start to take longer hold with CONFIDENCE / UPTREND in place
This is why situation not like before with so much uncertainty which suit trader but now more certainty come for RNS, Operations, Production, Revenue which suit more commited hold investor.
Also what work AGAINST us before with low volume / hard move will work FOR us now - just like rise from same 3p to 35p in 6 week that happen before (this is example not forecast).
Like then with upside many multiple of buy price now people will not want to get left behind! 🦉
Mr Hamm he also say - "The mechanics of the transfer have taken some time for the Government to determine but we expect this to go through SOON!"
🦉
Yes WOS, this could be a matter of days I reckon.
FOMO is kicking.
Massive rerate and opportunity which shouldn't be missed.
Mr BP
Mongolia called possibility of "New Saudi Arabia" so where to build new refinery? Lots of new oil block so think Govt, India investment, Engineers have better knowledge to decide where to build.
Think you little bit impatient to want so big rise straight away. Think most of us investor want to see STEADY RISE over coming days & weeks.
When RNS release official then maybe you will see some very big Institution investors come in. Until this time take opportunity if you want or not.
I am happy with new CONFIDENCE for GOOD REASON and STEADY price rise.
Focus on investment not daily price move 🦉
From my calculations to produce 1mw of electricity from Solar should cost £1m to set up. That 1MW PH.
It requires 2000sqm for 1MW .
From.my calculation you get 10% ROI from Solar in Mongolia
Researchandhold said //BP is like a stain on humanity//
//From.my calculation you get 10% ROI from Solar in Mongolia//
So it's 10 years before you start to make any profit?
The only difference is Bad. Your not wasting millions on wild cat drills.
So plus side there.
I'm sure PM has spent over $100m over the years chasing wildcats.
I wouldn’t know where to start with working out ROI on the renewables stuff. We just don’t have any information yet. But many major markets trade around 10x earnings. As this would effectively be government backed, it’s probably about fair.
But I reckon that is way off. All that matters for now is getting this damned permission/signature and getting on with Heron. Anything else is a bonus. But I likely would hold onto a few shares to see how it all plays out.
It could even go to 20% if Labour is cheap and panels are bought at good price.
Average cost of 500w panel in the UK around £100 some even less.
Wiseowlspeak where do you see the share price once herders money received and matd get permission to get heron going,
Is it worth buying now,
I will only decide if you tell me it's a good idea to buy now or wait until they get permission
Thank you
Well someone is confident £37.5k buy today and £12k buy yesterday
Mr Cybertron
- I will start with do you expect SP to be HIGHER then now? - If YES this give you some confidence to buy now because you look at PROFIT.
Also understand that RNS is COMPANY CHANGING because it finally let Petro Matad earn REVENUE
Also
Open up MULTIPLE NEWSFLOW / RNSs all link to Operational start / DQE JV and other.
Important to understand Petro Matad say they look at parallel development of Heron AND Block XX extension with est 3 BILLION bbl in place - think what this Operation update RNS will do.
At this moment you have people like mr BP who deliberately do give out false info like "company go bankrupt in 6 month" and other rubbish so CHECK YOURSELF so no one mislead you.
My timeframe of investment is 12-24 month and in this time I expect major development I speak about after Block XX ooeration start.
I do not care about big move in one day - even 10% NET GAIN every week is fine with bigger RE-RATES along way with RNSs I mention.
NEW CONFIDENCE - HIGHER TRENDING PRICE - MAJOR COMPANY MOVE to PRODUCER!
Good luck 🦉
Cyber: Sorry to butt in re your query to WOS but I would be surprised if he were to make any forecasts or give you any investment advice.
As you may have noticed many (not all) PM investors are very positive concerning the company and its SP. I think it would be best for you to figure this one out yourself.
ATB
Totally agree WOS. The stain cannot stand the thought of anything coming good out of PM. Tries to post, good RNS etc for sentiment and then follows with once again negativity. Stain never changes.
Researchandhold said //BP is like a stain on humanity//
//Cyber: Sorry to butt in re your query to WOS but I would be surprised if he were to make any forecasts or give you any investment advice.//
Either explicitly or by implication WOS asserts that this share will multi-bag into (at least) double figures in the near term. If he doesn't actually say so he is urging folks to sell their house/car/wife/kids & put all they own into PM!
B/p: Your statements appear to be extremely desperate - hope you feel better now.
What a sad character you are!