RE: Overhang gone and oversold24 Jul 2025 14:14
On the potential for good news, always best to consider both sides of the coin rather than just assume all news will be good news. My god, especially here!
1. Increase output of H1.
There are no stated plans to do this. Performance to date suggests a further drop is more likely.
2. increase output / confirm commerical viability of H2.
They’re looking into this, the chances of success are unclear. As is the cost.
3. Confirm 30% tax issue is now resolved.
This is the most likely short term good news and partly why I bought back. However, PC have shown they can / will do as they like and withhold payment arbitrarily. There is also no assurance the Mongolians will find in our favour and reject the chance to collect more tax.
4. Outline revenue generating capability of renewables project accompanied by key milestones.
Possible, but all updates to date are vague and i suspect nobody really understand the model, or certainly timeframe and likelihood of revenue.