Member Info for Ibiza28

I have just thought that there will probably need to be another raise because of the rate of inflation unless the rate of inflation in Mongolia or china is far less than it seems to be every where else in the world. The £12m we have in the bank will now not be worth anything like £12m so unless we can exploit the oil quickly and use that money then i fear another round of pass the cap will be going on shortly. Do not want to put a downer on it but this inflation is a rapid rise and out of the ordinary.

I am desperately trying to stay positive but i am beginning to come the conclusion that MB has a plan A but no plan B or C but i seriously hope i am wrong and the RNS is nice and juicy when it arrives. There are mitigating circumstances this year but next year i am not sure that will be the case. Just keep ones fingers crossed and offer but a relevant prayer or two.

I think the split will be a good thing for both parties in this as it will allow each to concentrate their businesses on their respective strengths. The unilever bid back a few months ago was an indication of the prospective strength of Haleon as i do not believe they could see a fit with drug producing arm of GSK. Pfizer announced some time ago that they would be disposing of their shares as they do not Haleon as a strategic fit for its business model not that they do not see it as being a good business. This makes perfect sense and they have also stated that they will dispose of their shares in such a manner as to disrupt the share price. From that i would reckon they will sell the shares over time and will probably give the company a heads up at to when this was coming or have it agreed in advance. It looks like an amicable split rather than a contentious divorce.

The RNS will come either Tuesday, Wednesday Thursday of this week or next week as that is last week of June i would expect news before end of 2nd quarter. For some reason we do not get news on a Monday or a Friday. I just hope he does not wrap this around the Financial Report because then it will mean no news and this will go into another panic dive.

It has been a fairly exceptional few years mind you. Not what you would call an ordinary few years.

Must admit i am very much in your line of thinking. However i was thinking last night about the fall in SP to below 3p and decided that MB is not worried about the SP falling hopefully because he knows it will very shortly be going up. I think he reckons he does not need any more placements otherwise i think he would tried to find a way of keeping the SP up rather than just let it fall. So let us all hope for a good RNS when it comes when that is i have absolutely no idea as to every date i thought there might be one has been and gone. I fear it might be as far away as end of this month. I am relaxed about when it comes just not quite so relaxed about what it contains.

I was not suprised by the Pfizzer announcement as it its not a strategic fit for the current business. Their business is far more aligned to the GSK that is left and i assume they will still hold shares in that at the end. They have given everyone advance notice and have agreed not to upset the share price too much. I think the new business will still do well but may take a bit longer to get there. If it does not and takes time then we may well see another take over bid again Unilever was really after this side of our business only a few months ago. IMO and ATB

Thanks for this i find the whole thing slightly fascinating. It seems that China or rather Chinese companies are the unwanted guests that will just not leave. And they (Mongolia) cannot be rude about it and tell them to get out because they live in the big manor house down the road.

Let me ask this of the people on here who obviously know Mongolia well and its government.
This refinery must cost millions to build and that would only be the budgeted cost the real cost could be even higher. How are they planning to pay for this surely with oil over 100usd a barrell and not looking to come down any time soon it would be best to get some of this oil to the market now even though a chunk of the profit would go to China just to help pay for this massive cost.

Must admit I am hoping for an RNS in the very near future. After all we are now in June or at least will be tomorrow and the borders with China are now back open and hopefully MB has been in touch with his counter parts at DQE since the lockdown began. We should get a RNS just to update us on where we are at. If we are going to drill and exploit this oil this year this is surely the time to do it. The oil price seems to be going up rather than down thanks to Russia. Considering the amount of oil we have and what the price of oil is at the moment this share price is ridiculously low the doubt is over whether we will exploit it or be allowed to exploit it. Time for MB to put this out and get it settled. Basically do I sell for a loss at the moment, or do I hang on see it rise this year considerably or do I hang on and wait another year for that rise. We have been very patient and understanding, bar a few, through this Covid, Mongolian red tape, Chinese lockdowns that I think we all would want to know sooner rather than later.
As regards the share price another company i was involved in had a market cap of £450m and they had not discovered anything just gave out a lot of hot air. now if you want a company that was suspect ( i will not say fraudulent) it is that one.) I took my medicine and bailed out quickly. We have oil and yet we have a Market Cap of 27m. Whilst i do not expect a rapid rise to 50p just yet (ie 450m MC) I do not think that with current oil prices a bit of decent news there is no reason why we could not reach 25p (ie 225m) before summer is out especially if we also explore Velicoraptor. Now if that exploration succeeds then quite frankly all gloves are off at to what this SP could reach and when.
So in short MB let us have some news soon.

If TW is trying to short / depress this SP it almost certainly means we are building up to something very shortly. He would not be trying this if he felt that drilling / exploring was definitely not on the cards for this year. I think there will be an announcement of sorts in the very near future otherwise why de-ramp now. If i had the spare where with all i would try a little top up.

I have come across this bloke before and is a little bit of a trouble maker. The last time was just before something big was going to happen ( it did not materialise) but certainly he tried to put his oar in then. I thought we were fully funded anyway. Anyway i am cool if it means waiting, which i hope not, I will wait, the upside here is just too big to ignore imo.

yes the borders are open at the moment and everything being equal will hopefully remain open but that does not mean they could close again at any moment. The point i am trying to make is that although much of this is in MB's hands and one hopes he has had zoom contact (as he enjoys zooming) with various senior people at DQE and also he Mongolian Government during this time. If he has and once the borders become fully operational then hopefully we will get a good RNS shortly.

The drilling will be when the drilling will be. A small matter of a country gone into meltdown ie china over Covid is going to drive this so whether MB promised or not is almost irrelevant. If China impose another lockdown or how they come out of this one will drive this. As i see it that is the long and short of it. You could be the Messiah but unless you can get China to change then it would be useless. It is not just the rig or the contractors but also the ability to get the product across the boarder to the refinery. We should hear soon enough one way or another. Either bail out now and come back when it hits 2p or stay with it and watch it go to double digits in double quick time. It's your penny and your bet Red or Black. you Choose. GLA

I would hope 9p would be a very early stopping off point given a decent RNS. After all we hit 8p not so long ago with no license i believe.

I wish it were that simple grab a couple of Jerry cans shove a bit of oil in it and cart it down the road. Somehow i doubt it.

Thank you for this Jimi but i am just a bit confused was anything decided or was it just a talking shop with nothing really said discussed or resolved. Do you think it has moved us any nearer or are still miles away or at least appear miles away. Or once China open up we can move forward or will we still have this issue over rights permits and licenses.

Personally having sold out i am disappointed for myself but not for others. I wish you all the luck and really hope this share gets back up to the levels it was at for a while. I know some on here have been waiting for a long time and just hope this pays back for them. Envy is such a wasted emotion i have never had time for it. And as regards luck as Gary Player said when asked if he was lucky "Funny thing the harder i work the luckier i seem to get" so i do not believe in that either. However GLA

Conditions in China are such that we have virtually no ability to predict our performance in China in the back half of the year.
Howard Schultz
STARBUCKS, INTERIM CEO

We are not the only ones suffering from Covid it is affecting everyone and i mean everyone. Once China wake up to the fact life has to go on otherwise a simple solution for Xi would be put down the whole population.
This is the long game we have played the opening gambits now its time to sit on what advantages you have gained and try and put pieces in place for when the end game starts. Patience is the key i think

As i read it and also see it from looking at the news. China needs to stop over reacting to every single case and imposing massive lockdown restrictions on millions of its citizens for a single case. This must stiffling its economy and consequently having a knock on effect with oil storage in Mongolia. Once China starts to relax those restrictions and i do not think we can blame this on MB then things should start to restart. We should start to see workforce move across borders and oil start to be used in China again and then the oil will flow from Mongolia. This is not the end of the world just a bit more patience. This has been a long game for some and will remain as such i have moved my estimates by another year now. Shame because the oil price is so high at the moment and we do not know what it will be in a year. My car wants the price to come down my shares want it go up and i am playing piggy in the middle between the two factions. lol and GLA