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This is a terrible RNS and just goes to show you MB has not been in control of the situation and has been bullied around by the Mongolian government. I feel that MB has tried to hide the problems that are behind the scenes and has has not been open and transparent. MB has continuously spouted RNS's of how close he is and has made empty promises and is not delivering. 5 years and you still can't get the heron asset to produce oil. It makes you think is the Mongolian government trying to make PM go bust so they can keep the asset for themselves?
Why would the Mongolian government let PM explore for oil if they have not intention of letting PM extract the oil.
All the Mongolian government do is have a meeting about a meeting and they are prolonging everything with their bureaucracy. I understand they are cautious with foreign companies because they have had the likes of Petro China but 5 years is a joke.
I agree with some people on here we should explore the legal route and if we win look to seize Mongolian assets abroad if possible.
I think I said 7p before and I would exit but if we get a nice double up to 8p or even maybe 9p I'll be selling up and never investing in this cess pit of a stock and never investing in Mongolia again.
The forum was better when you disappeared... I have been invested in this stock for a good 4 years so I think my opinion is very valid given I have sat here patiently and have become rightly frustrated. You on the other hand are spouting pure nonsense. Might have to test the block feature on you... enough is enough
I hoped for 12p -13p with this cesspit of a stock but having thought about it I would look to exit at 8p. This stock really has been all but empty promises and I would never invest in companies doing business in Mongolia. Frustrating hearing the rampers go at it.
With all this faffing around its clear the mongolian goverment wants to get the refinery up and running before the oil can be extracted. The mongolian goverment has made MB powerless to do anything and should stick to herding sheep instead of extracting oil. By the time the mongolian government/local authority allows PM to extract the oil from the ground it will be worth nothing as the world would have transitioned to green energy.
I am expecting another raise soon as PM must be running low on cash....
Im lucky my average is around the 2.6/7 mark but a part of me wishes I sold at a decent profit and just walked.
This has to be the most frustrating investment with 4 years of nothing but BS.
MMAFR I had not realised V1 was a duster :( -thank you for confirming. From time to time I read this forum but there are times when there is too much ramping and nonsense etc and I switch off from the forum.
I normally check twitter for updates on PM, its funny how MB tweeted great news on twitter about the land permit and did not tweet anything about V1 unless I am going blind.
At least PM can now move on with Heron and I hope they start bringing in serious money as these wild explorations are not the best thing for us as we need to have financial stability.
For centuries the mongolians have always clashed with China and are ancient rivals. I just cant see any takeover from PC, if that was the case I think we would also see china help mongolia to build their own oil refinery but India have taken the lead role as they are more religously/culturally alligned through Buddhism.
I think by Christmas time we should see share price start climbing but could be earlier if there is a discovery at V1.
Hopefully fingers crossed we have a good run with the share price.
MB has finally delivered on his promise after 4-5 years of waiting. I suspect a raise will now be on the cards to fund more exploration prospects, lets not forget MB does come across as a decent person but hes not perfect as he said once claimed we are fully funded but then did a cheeky raise straight after. Lets see what V1 brings.... I have to be honest I am not holding my breath on a 20% COS.
For now I will continue to hold as this needs go a lot higher, 15p would be a good exit price after averaging at 2.5p.
Well done to those like myself who have patiently waited, I wish you all good fortune.
Not nonsense at all, I have actually been invested here for 4 to 5 years.and have been keeping a close eye on this as I am seeking a positive outcome like many of the shareholders. . I think MB already has the land permit agreed but hes withholding that information. Velociraptor is to going to be a duster then will go back to 2pish then will see some big buys come in and then he will mask the bad news with the land permit to go from villian to hero.
I think I saw someone on here wrote that MB has manipulated the share price to create further opportunities in his circle. I strongly believe that because once he announces the land permit has been agreed the share price should take off. I am frustrated like many shareholders here and hope we see the light at the end of a tunnel after a miserable wadted 4 years of zero progress.