Member Info for Bandit786

Just one trade this morning?

What's going on behind the scenes I wonder....

This was expected to be honest, this reason we are this far is because of backing from people who bought in at 10p previously; the same people are being given a chance to buy cheaper and help us with this final stage. Seen it all before and I'm sure I will see it again. I will happy to see the RNS stating placing completed and full funds raised.

Of course they could have done a raise at a higher price (completely possible, with slight tweaking of the EL RNS wording) but then that would be 'mate's rate' out of the picture! lol

It could be that a placing price around this range has leaked....? just pure speculation...

Good news is, although, the ship appears to be taking water, it will not sink! However, we do need to get through this turbulent and uncertain phase to keep riding the waves. Once we know how it will all be funded we can then ride it out with better ease.

The joys of AIM, the very reason you can make multiples on your investment. Hold tight and don't get blown overboard...

Word of advice which may help some; it can be frustrating to see the sp at these levels especially after the recent RNS, however, the 1 pence or 2 pence price action is really neither here nor there in the bigger scheme of things. Of course, it is of concern should someone need to cash in short term for whatever reason.

Ultimately, the sp for this company will reach heights where daily ups and downs at these levels will make no difference, people will look back and think 'damn, I should have bought some more!' Also, don't forget, when it does come to selling, calling the top is never easy and at that point when you are in good profit this 1p or 2p will seem negligible.

That's how i see things and learnt from experience over the years. Frustrating, to say the least, but catalysts need to be align and fall into place, that takes time and sometimes luck. I will hold until this time next year, maybe top slice around 14p but will try and buy back on dips to increase my holding. I'm here and will wait for the £1 party! Crazy as it seems now, one more oil strike next year and....

Good luck all and may patience be with you.

BlueChipz, ditto!

It could be that they are collecting shares at these prices, for possible larger orders, but that's just pure speculation.

Disappointing indeed...not more I can say tbh

Wait for the price as action in the afternoon when it blows; it will still be worth buying when news soon comes of the selected partner to take this all forward! I can't wait to find out who the lucky selected partner will be! Good luck and PATIENCE, PATIENCE that's what I keep telling myself :)

master82, I'm the same, after breaking even for a bit. I think we will drift to 6p at some point before we get any updates. I just hope it doesn't dip below 6p, that's all.

I agree with you Simon, I doubt it will come anytime in the next few days. Could be anyday from now, tomorrow or in the next three months. Nobody really knows, we can only hope it's sooner rather than later. I remain invested only because MB remains in charge.

badprophet, lol; that 'innit' put a smile on my face; and beleive it or not brought a alot of good memories...

unlikely it aint coming a all, but more likely people thinking they can get in cheaper if perhaps they wait one more day, one more week etc. MM's will also play on this to generate buys and sells which is what their job is ultimately.

Or can assume...at least

At least we now know the next rise means EL is close to being issued...

Hi SY, as tempting as it is to want to sell, it would be the wrong time in my personal opinion. Once you held onto shares for long enough is always tempting to sell on the first rise or profit; and sometimes it would be prudent to do so. However, given the current imminent catalyst it would be a firm hold regardless of whether the SP drops or rises in the short term. I've always made more money holding long and ignoring the dips/rises (which can be huge 50% at times on AIM). However, ultimately the 5,10 or 15 bagger offers better returns.

Of course, that is my personal opinion which others may disagree on, and prefer 'top slicing' which in my opinion erodes the potential huge return.

To sum up, if you don't need the cash immediately, hold strong. I hope that helps and GOOD LUCK.

B

Ministerial Resolution, sounds to me like a long process to be honest. I don't really know the workings of the gov in Mongolia, but from whats happend so far, we could still be someway from the EL.

Thank you telron

What are the numbers at the end of the names BigBench?

That could easily be a buy as its delayed publication....I remember offer was around 7.10 and bid 7p a couple of days back.