Member Info for Adw198

We see the terms of a JV / farm in very differently, but probably concede we’re not exactly experts on how these deals work in Mongolia in this context.

You’ve always been polite and a helpful contributor so I certainly wish you well. I’d say “you…and me well” but there’s no way I’ll be holding my trifling amount median / long term!

Like anything Manx, the real value is what someone is prepared to pay and sell at.

We just raised at 0.80p so if he really thought a cash injection of multiples of the current MCAP was incoming he a) just did terrible business and b) should have bought considerably more than $50ks worth. How many shares do you hold?

I love how much you rely on ChatGPT these days Abzzba.

Some of us remember the days* you used to go mad about it for giving an answer you didn’t like.

*only a few months ago.

To be fair it does make sense for there to be a cash consideration with regards to Heron1 as that’s an existing producing asset. The general concept of a farm in is the entity with the resource asset swaps their share of that for a partner who will bring cash to pay for Capex.

The entire company is only worth $20m, so it’s obviously not going to shedloads for 1 well.

“what about the costs involved with getting those wells to be productive? Surely this needs to be recouped as well…”

How would you even ringfence these costs? What is / isn’t included?

So taking Abzzba’s random figures of $2m -$3m for Heron1, the cash consideration would be considerably less than all of your musings Lockie.

And way way off the giddier expectations of $60m!

If Heron2 is deemed commercial, my understanding of the RNS is they’ll still move straight onto to Gazelle.

Is that everyone else’s take - it’s open to some (mis!) interpretation?

No I don’t think he’s told a lie. I think

“ a draft Letter of Intent is in circulation for acceptance and signature covering the completion of mutual due diligence and negotiations” is basically quite fluffy. A typical AIM phrase to hint at progress.

That said, at least it’s trending in the right direction and other parts of the RNS were also good as I said.

Sadly I can’t get a quote to sell anything so i suspect my 5-10% SP uplift prediction will be wrong.

Good update.

Sounds like progress is being made with the tax dispute, and positive PCs finance department have cracked internet banking!

I take a draft letter of intent in circulation with a pinch of salt but it’s also ticking along.

Bit longer than I hoped for the H2 test but a clear timeframe always helpful for trading.

I’m expecting a 5-10% rise today.

A degree from a red brick university isn’t to be mocked Mal.

You’ve not given any analysis on the company, you just like bickering with me. Hence the first comment on buying was to tell me. As I said to that other stalker Gravy my weakness is in not just walking away from childish goading. So of course I reply.

I’ve given all my views and research on the drilling programme, just like I did the finances. You’ve given nothing other than lies you refuse to back up. Good luck with the £2k, I hope the lying is worth it.

If I want someone dim to sweep my yard I’ll perhaps give you a shout, but discussing a company’s pros and cons isn’t for me and you is it. So let’s knock it there unless you want to offer some analysis

Mal, I know you’re a bit of a blue collar intellect, but surely even an academic failure like you can see the irony in telling me to concentrate on my own portfolio whilst berating my strategy?!

What was the first thing you did when you bought back in here- tell us the logic? Nope, you told me you’d bought back in. If you don’t want my attention and me feedback stop bringing me up.

Or better still research the difference between Heron 1 and 2

@mal ha I repeatedly asked you about Heron 2 and here you are eventually admitting you got it all wrong. It now seems you sold because Heron1 started producing less. And bought back in when it declined even further. No wonder you failed your 11+.

“Wish all long term holders the very best “

What about short term traders like me and) you?!

You sold at the time you were telling everyone else how great it was.

Here you are once again talking your own book.

Without a decent education because you weren’t intelligent enough. Explains the chip on your shoulder and poor comprehension and intellect.

For the avoidance of doubt I’m not saying Heron 2 will need $4m spending from this point. Of course the money spent last year doesn’t need re spending.

I’ve always worked on the assumption they spent circa 2.5m last year. To me it therefore requires five or take $1.5m.

Other views welcome, especially if they can be articulated clearly and concisely like I manage.

“You didn't even know the cost of the the acidity work for heron 2"

It was my question to MB. He gave us the answer and Abzzba then claimed it was higher.

You can’t be a real person. If you are, my god you are thick

And still no apology for the false claims. Also noted.

A producing well costs $4m, because that’s what that Jerry told us all. You seem to think they lied and are belated this figure for reasons you’ve not managed to articulate. I’d bet my mortgage you don’t have a degree, you seemed a bit thick all round. Probably why you sold out because Heron 2 results…in May when the result was November.

“Years ago i went in search of a word to describe a DQE production engineer, i came up with obfuscation”

Great story mate

“what do you call youre posting history when you didnt even hold shares!!! "intellectual interest"....deramping and scummy some would say?”

I call it someone posting their honestly beliefs - makes no difference whether I hold or not. Unless you’re saying I’m now ramping it your theory fails on its own terms.

I know more about this company than any other on AIM (maybe bar Thx) which i now use to try and make money from. I was super consistent that I wouldn’t buy in before a raise came (because I was convinced it would) but thereafter there might be a trade. That’s where we are now. The COS odds for the work overs surprised and impressed me as I said on the day.

I’m in heavier than I should be a binary outcome but I like the odds at this level.

I also hope for a positive update re PCs messing around but have less confidence on that front. Leopards and spots!

Are you mature enough to accept I didn’t infact say what you just alleged btw?

“you openly stated you posted (some would say deramped) to buy in at a lower sp”

I’d appreciate an acknowledgment you were mistaken.

“They will look silly if the rns does drop next week confirming start of remedials.”

This is typical of an unsophisticated ramp trying to whip up fomo. I don’t who you think will look silly but the idea of an RNS dropping to simply announce the start of a work programme catching people out is hilarious.

In my opinion it’s not even price sensitive which is why I don’t expect it.

“you openly stated you posted (some would say deramped) to buy in at a lower sp”

I did NOT say that, nor did I do it. I very much doubt anything I say here will impact the SP. I’ve called this as I see it at points. I’ve taken abuse for posting when I held, when I didn’t and now when I do again.

Just like you, when the facts change so does my opinion. The difference between us is I’m honest irrespective of my own position.

You keep mocking my target here. I’m after 20-25% in a short term window. If you can do better good for you. I’m 99% sure you didn’t make anywhere near that, but as you refuse to share any details only you will know. Whereas again I’m entirely transparent with my business.

Mal, unlike you who doesn’t tell anyone what you bought, when and why - I’ve given my logic. I also posted my buys before they were printed.

Anyone with a brain and / or access to the interest can research what I bought. When. And why.

It’s a massive punt but I like the odds.

You’ll sell when you make a few quid whilst talking it up. Fair play, you line tricking strangers to make a few quid. I don’t really mind unless you claim the high horse.

It’s a 3* hotel in a cheap resort so by all means some of the gibes are fair!

Bizarre that my location is more relevant than your comments on the company but we are where we are!

I’ve got £15k of these, it’s a massive gamble but I’ll roll the dice.

Hopefully you’re happy to take a punt too!