Firering Strategic Minerals: From explorer to producer. Watch the video here.
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MB needs to start putting pressure. Compensation should be on the table for PM. Loss of income for the complete shambles in the Mongolian laws .
Being passed from this agency to that agency.
Which new company in their right mind would invest in Mongolia.
If no LP by end of july than this year would be wasted .
We will have to just hold and wait till oil is out if ground.
Block 5 might be a winner too.
Shambles, Lifestyle share for MB and co.
Still no sign of news on new blocks or JV deals.
What does he do all day long.
I seriously think if MB doesn't deliver revenue by 2024 he should go.
It's just feel like we are a football, being pass around.
Master82 chill out man, keep digging see if you find anything re matd over the next week or so your good at that, LP is coming looks like urban land development know what they are doing and I think they will draft up the certificate get comments back from ministrys and submit to cabinet who will spend 10 mins and sign off
This could be done this week or in the next couple of weeks
Share price will sort It self out over the next week then await LP for mega rise
Velociraptor is the big bonus here if it comes in
Filling my isa today!
Amazing opportunity guys.
When is the next cabinet meeting
Mr Buck is doing what CEOs of Oil Exploration companies do, he's drilling for oil.
They've spent years working up the seismics and working out where to drill.
At this moment in time I suspect Mr Buck is like a 5 year old on Christmas Eve.
The rest'll come in time and I suspect in plenty of time to get a Heron makeover done this year to start the revenue rolling in.
The shares were cheap several days ago and they still are.
By all means play 'chase the football' or just make a decision to be in or out and wait to see how it plays out.
If the price magically recovers by the end of the day then this will be a classic mm spike down in order to catch stops and to allow them to complete their accumulation process at as low a price as possible. It's always the excuse of ' news ' which is used as cover for this process.
Block 5 could be the biggest find in Mongolia.
Still a good chance.
I think 3 weeks and price should be up . Anticipation for both the results and LP
I think they should have work experience/open day style opportunity for shareholders to see exactly what happens in a company on a day to day bases. Every 6 months they should have a week of open days for investors to see and decide if its a right company for them and maybe have an input to improve the company operations.
Down 8% when the number of buys and sells are pretty much the same = heavy mm manipulation.
Don't get fixated solely on ' news. '
I don't like many of master82's comments for his unfounded optimism and lack of any criticism of the MB but fully agree with his today's ones. Especially with the fact that we are again in the dark when the next cabinet meeting will take place and what actions he is taking "to conclude this process". After all MB must understand itself, and therefore bring to the attention of all members of the cabinet that many years of arbitrariness and delay in resolving the LP issue has already led to enormous financial losses for the PM and its investors. And if so, then everyone who is guilty of this arbitrariness can and should be held accountable and the inevitable payment of huge amounts of compensation to the company must follow.
Manro, not sure what world you come from but the CEO seriously acn not do anything more other then wait for the MG to run through their process, his pushing and talking to the right people and we just have to plain simple wait for land development to get back the comments fro other ministerys at their own time or given time frames
For you,you just want to make a quick buck and move on, but for the MG and buck this is serious business and needs to be done properly and a few days weeks and months means nothing to if things weren't done properly their could be serious consequences for all
Yes things took long but we have been through a pandemic with a full stop for a few years nearly on top new goverment trying to sort everything out plus corruption within
Loads happend and loads didn't happen, life mate so chill out and stop trying to take everyone to court over it
Iamrich, in order to understand my position, you would have to be not a co-owner, but an owner of at least a medium-sized company with millions of turnover.
But, you obviously weren't, so please don't teach me the wisdom of business and the principles of running a company. The true leader is this fighter, who must be able to fight for his company and win, otherwise he will inevitably lose it. This is exactly what MB has been leading company from the very first day of its appointment. Who for the fifth year has not been able to solve the most primitive LP issue, the solution of which, by the way, has nothing to do with pandemic.
Ok Mr fighter why don't you do something to fight buck who then fights MG to win the LP, stop telling us this just go do it, we don't want to fight,
Thanks
Rns to say more expense drilling on a (lets be generous) 50/50 hole and no nearer lp to make money. Sp will go down.
As i said numerous times until lp this is just a money pit.
Spikes up on no news are just mm's collecting your money
V1 & V2 drilling cost fully covered!
Try read RNS & presentations ;)
Current drills are funded.
Worst case:
Over winter 'cold storage' or short term loan as previously or another small fund raise.
Let's be honest that's what's happened for the last 5 years or more and this time around there'd be guaranteed oil production at the end of it with Heron permited.
I'd invest on that worst case scenario alone come November so any other outcome is a bonus for me.
And if I was going to invest in November for that I'd certainly want to be in now for everything that might come between now and then.
Bonus upside and longer term security.
Nice lift in volume today... plenty of those sells are actually buys id wager.
WOS i know they are funded. If the lp was in, this would be a completely different scenario. Funds are required to progress. Funds we should be making from heron.
Hopefully v1 & 2 hit.. but the whole lp fiasco is holding everything back.
Anyway.. will see what next month brings
WOS: "V1 & V2 drilling cost fully covered!
Try read RNS & presentations ;)"
Do you remember MB's presentation in December, when he very clearly stated we would not need a raise for the foreseeable future and that we were fully funded for V1 and a start on V2? A matter of weeks later we had a cash raise.
Things change. You need to learn to accept that people may have an alternative view to you and not be so rude.
So V1 & V2 drilling cost not covere then? ;)
WOS - the point is, when asked, MB explicitly said a raise "would not be needed for the foreseeable future" and yet did so anyway a matter of weeks later!
Deary me, you have a very binary way if investing. You talk about logic, but the stock market isn't always logical, otherwise we'd all be millionaires.
So you do not know if V1&V2 are funded?
Mr Doc how you even invest if you spend more time attacking different poster & so little time in actual research lol
Think you need to write gossip column in magazine & not post on BB with nothing useful for Investor lol