Member Info for Ibiza28

Let us stop this chat immediately about bribery is a very serious offence for a British company to be involved in look at i think it was Rolls Royce or British Aircraft in Saudi some years ago. We get fined like that we would be out of business in seconds and MG would ditch us quicker say brown paper bags.
The conversation with MB and local governor probably went along the lines.
Govenor " I am a man of the people and the people here really do not trust oil companies. You only have to look at the mess PC have left behind here. If you have any ideas as to how to get rid of it and get it cleared up, it really would be much appreciated. "
MB goes away and talks to DQE along the lines of "Oil companies around here are not popular because they desecrate the land. Now we are not going to allow that to happen to our project but would be nice if we could demonstrate how we expect to leave the land once we have finished. "
They agree and MB brings on board special company for that purpose but goes back to governor and says i appreciate the difficult position this mess that was left by PC puts you in. We would like very much to demonstrate our credentials regarding our commitment to the environment and sort this mess out. Would that be acceptable to you"
Obviously the whole lot has a lot of Nudge, nudge, wink wink in it on both sides.
This is not bribery in any way shape or form this is exactly the same you going to the boss and saying you know those extra hours you need doing tonight i can do them. And oh by the way I would like nextTuesday afternoon off if at all possible. Nudge nudge wink wink. If that is bribery then most British businesses would cease to exist.

I really hope everyone is right and there is not something going around that i do not know about as otherwise i have missed the boat. Should have got a chuck out at 5p and then bought back in but hindsight is a wonderful thing and i do not have it. I think a part of this is in the knowledge that the next bit of news is unlikely to be till Tuesday or Wednesday of next week if results of Permit come out on Tuesday. Would assume it depends on how long it takes MB and his wordsmiths to tell either very little in very many words or a hell of alot in very few words.

Love to know who you are with I am with HL and they would not give me a quote said it was unavailable at that time.

At the moment i cannot get a price to sell any of my PM shares something is being kept quiiet maybe another price monitoring. Would not be surprised if this hit 6p today.

I just want to put my update onto the MC and SP because i really do not think this share has even started to touch the sides unless my calculations and assumptions are way off the mark and would appreciate any correction going.
Pro-active sometime ago valued the SP based on the Heron facts of the time at between 29-40p what i am not sure if that was before the last placement when the shares in issue were approximately 700m and now it is 900m
At that time Price of Oil was $55 dollars a barrel and now it is $84 a barrel. The dollar exchange rate was $1.35 to £1 and it is now approx $1.20. At the moment the price of oil keeps on rising and the exchange seems to keep on falling mainly due to the US keeps on raising its interest rates to combat inflation. And with China rushing out of lock of down at breakneck speed i can only see POO going up even more. These two together put a further 60% on the MC and Share Price. Combine that with MB now reckoning he can recover twice as much originally anticipated this share on these facts alone using the 700m shares and now 900m would range at lowest end 36p to 51p and at the upper end 47p to 65p,
And all of this is before we even think about the fuzzy cloud that is going surround the exploratory drill at Velociraptor which should this even higher, short term, pending results. Then short term who know what this share will do. My estimate is the MC at lowest end will be between 330m and 450m and at higher end 425m and £590m, Which ever way i look at it this share will fly. There is however one very big if about this and that is we have to get the LP fairly quickly I would suggest within the next 10 days that would be at least the 20 working days anticipated. The only thing that concerns me is that MB has never gone on the record for this LP other a broadcast. I would liked to have seen RNS to the respect but nothing forthcoming. Seriously GLA. I really think this will fly a lot higher than some people can even dare.

This time next year i will be out with a very healthy profit or with a very unhealthy loss. I know what i am wishing for and i wish all those who have been here a lot longer than i have and everyone else a very happy new year and let us just hope a very profitable. I feel a lot of factors are starting to come together that could mean this share has the makings of being very big. One has a feeling that 2023 is going to be the year. GLA

It is not inconceivable that we could get news. I think very unlikely but we could get news officially and also unofficially. I am not even sure if we are entered for this round of Auctions for areas to explore but with news happening at midday Mongolian time that would be 05.00am uk time. So with 07.00 as start time that would give MB 2 hours to compose an RNS or have one written. The reason i think it unlikely is that judging from RNS's we have had recently it takes will skill to write so many words and provide so little information that it would take our PR company a lot longer than a couple of hours to produce that. But if someone here has access to that website and speaks Mongolian they may give us news unofficially so to speak while we wait till we get to the following Wednesday or the RNS with no information in a thousand words.

I am not sure it is the land permit, unless something gets lost in the translation, but it mentions exploration license and not exploitation license, which of course we already have. I am wondering if this is the issue of new exploration areas that the government are auctioning / licensing off. If it is the land permit great but i have a feeling that will not be far behind if not done around the same time.

That is very interesting and quite promising just a bit concerned about the last paragraph which is much of what we know but the level of corruption must be pretty high to start getting mentioned in an article like that.

Agree with you i think that is a buy and took a long time to fill the order. It is coming in at the buying price plus a bit.
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I noticed and the number of sales coming through increased significantly as the day went on. Maybe a delay in filling orders but somehow there seems to be a self imposed ceiling on this share which i do not understand.

I just had another look to make sure i was not going mad. So we have just over 1million shares bought and zero sold but the share price has gone down. I thought i had a chance getting back into the black today but this is a serious downer.

Definitely something has landed.

I am looking at a sea of blue at the moment on the share trades but the price has gone down. Must admit i sometimes just do not understand this market. Being a bit naive i thought if you bought you forced the price up not down. lol

I have a feeling this has a lot pent up energy behind it because of the time it has taken to get any news (once we have it). My feeling is that the true market cap figures will initially be smashed with a share price that is ridiculous and would then settle down to a basic market cap that will move gradually with each bit of news. With 20p we have a current market cap of £180m and 50p at £450m, that third part report suggest 29p to 43p when oil was $55 a barrel and the exchange was probably around $1.35 to the pound now it is $1.25 to the pound. and barrel of oil around $80 and climbing. And that is without velociraptor yes in time 50p could be a real possibility but at the beginning it could fly to 50p before settling back Personally i would like to try get out at one of the high points early on and then try get back in later on for a few when it settles back down. But like always will probably miss all the points along the way.

Obviously something has rattled their cage as i understand they have been fairly quiet for a few weeks now or have we just not heard about them. Maybe their some news on the way before Xmas rather after.

Now I am a believer as the Monkeys said in my dim distant past but the more i see PV on here the more worried i get. I have seen him elsewhere under a different guise. The [posting style is very similar to another poster on another site where the belief was getting a bit thin.
I am in and like a lot others on here i am still under not by an awful lot but enough. I tend to go along with Bowley if only because once burnt twice shy but i really want him (Bowley to be wrong) PV is right in that all known facts as stated would lead us to believe in a rosy picture but lets be honest when anything MB has said so far happened.
My advice to people not yet in this share is to stay away until something is known for certain and for those who are in but just under is wait and see and pray assuming you can afford to hold on. If not just pray you can get out without getting too burnt because you will not hear from PV again at that point. I am certain he is paid ramper but just a matter of who for.

By and large Positive Vibes is right. This is not going to be share that one would tend to keep in the Portfolio. This is one (hopefully) where you work out what profit you want and take that price maybe a bit more just to be certain. One may just leave a few shares in to see how far it runs. Personally i am going to see what the market response is the price i need. If i can sell my entire holding one go then it means there is still mileage in the market estimation of the SP but if the market will only let me sell piecemeal then i may well off load the lot but will either be in a certain time frame or price frame. Dividends no, Return on Price increase yes definitely. But first of all let us get the news although must admit i have also been dreaming ahead.

Just looked retained loses at 130m GDP.

Before the dividend you have clear all the accumulated loses over the years. I think dividend very unlikely I am afraid,