Member Info for badprophet

Bet the PM boys (& girls) are really rubbing their hands at the thought of their 4.8p options! LOL

Forum admins are very happy to have as many posts as possible whether they are meaningful or not - it boosts the advertising revenue.

(where's WOS?)

//Don't let reality intrude on your narrative though.//

Well we are in PM neve-never land aren't we!

10 sells / SP slipping - NO ONE is buying this dog now!

//But he’ll need to pump the price up before he does that,//

Any pumping would have to be done very judiciously - enough to give a decent raise without massive dilution but not enough to tempt holders to sell up & get out!

Hamm - I think the under-water holders (most holders?) are just hanging on in the hope the SP won't go any lower. They are being disappointed almost daily.

Getting the LP & production before PM shareholders pay MB to speak at the conference is wishful thinking.

//Doc, why would you invest if you have no faith?//

He HAD some faith (hope) when he first invested - it's all been drained away.

// But regardless as we get LP secured then the share price would be rerated.//

That was said about getting the SPC from the cabinet - it didn't happen.

//I'm selling half of my lot and buy lottery tickets//

Might as well.

Thankyou Estragon!

The lottery is less stressful - it's a yeah or nay every draw

The oil refinery has very little bearing on PM - the MG will want "their" oil for a bargain basement price. PM's only chance of a decent return is to export. IMV

Where, oh where has my little WOS gone?

Oh where oh where can he be?

With his beak cut short & his tail cut long

Oh where, oh where can he be?

Shoe shopping, pants down, no feather? Answers on a postcard.

Whether he has or not I guess MB thinks he has done everything he can to push for the LP & get H1 into production and he is now resigned to allowing the Mongolians to set the timeframe. If that takes until spring 2024 (or later), so be it. Attempting to chivvy things along or doing something more drastic could just upset the apple cart completely.

//“He should have been more generous from day 1“

I think he ran out of brown envelopes!//

I don't think MB is savvy enough to bribe effectively. A horse's (or Yak's) head works wonders!

Surely with nothing happening till next year the BoD must forgo their salaries?

PM shareholders shouldn't be paying MB to promote Mongolia as an investable country!

Short - I'm not really one for predicting the SP, not sure if I gave any indication in February. I try not not to tell folks what to do with their money so just make up your own mind.

PS - I DO remember saying that the granting of the SPC by the MG would not cause a re-rate & it didn't.

Adding at this stage seems like throwing good money after bad.

//I’m at a loss what else MATD can do.//

Sell off Heron to the highest bidder (probably Petrochina) and get back to exploring new blocks which is what MB likes to do.

//The district representatives have signalled their willingness to consider this so long as the Central Government supports the initiative and MRPAM has confirmed its support and is preparing a letter to that effect.”//

That's just newspeak for saying - we're kicking this around to cause more delays!