Member Info for investor33

And I think that Master is in a similar situation - someone who has quite a big holding at an average of 4p. His posts prior to the Gazelle news were also those of someone in total despair.

Notice now that things are improving how he no longer bashes MB and demands his head on a platter. That's because he's feeling a lot better about his situation. Someone with a deramping agenda with no shares would not have stopped the negative posts with the improving share price situation - so his change of attitude speaks volumes.

TBT ; that sounds more like someone driven to the point of total despair to me. For those with holdings of quite a few tens of thousands, and with an average of say 4p the period from the granting of the LP ( when it hit 5.3p) to a few weeks ago will have been an absolute nightmare. And those kinds of people kept the company afloat in that difficult time.

There again, you need empathy to understand that kind of thing - not something I much associate with the average British male...

Y-Alam ; again, I agree with what you said in your last post.

When you've gone from being in profit on the day that the LP was granted in late May 2024 to being 80% underwater 16 months later, it's extremely hard to decide to keep putting cash into it.

In fact I did do a small top up at 1p, but I wasn't going to put anything like as much in as I had done in the past. I averaged down heavily on the 2p raise - but look at how that turned out, down to 0.69p was it at the start of the investor presentation?

Before we heard about the Gazelle results, who really could have known for sure that it wouldn't go down to 0.5p in the following months ? We hit 2.4p three times this year at various times, yet it still managed to hit a low of 0.69p at one point. That was the lowest share price in the company's history.

Y-Alam : I totally agree with you. The price volatility for LTHs who decided to just hold has been horrendous so far. I reckon I have missed around 40k of profit so far through not having sold up near the top of the spikes and then buying back in on the raises. It has actually been a brilliant share to trade up to that last raise.

It's possible that it's now a buy and hold however - especially for those who went in on the last raise.

Timing is simply everything with resource microcaps..

Y-Alam IMO is quite genuine.

He's just expressing the frustration of the LTHs who often have about that kind of average. Only those who are LTHs who managed to dip in and out on the spikes have managed to not be underwater so far.

That's the way it goes with buying early into an explorer before it becomes a producer. Those who helped keep the company afloat in its darkest moments have been rewarded with raises and dilution, whereas those who came in last minute are probably in profit right now.

The lucky ones didn't hear about the company until summer this year.

It's all very well talking about averaging down, however we are not all millionaires who can keep throwing money at the shares of one microcap.

Thornogson loves to remind us every 10 minutes how well he is doing with his Avacta shares.

Unbelievably smug.

Just ignore Thornogson - he's a bit of a smug guy who makes patronising snide remarks to investors here who have been around far longer than him.

"I33, i agree, the Indians would be my choice, ref DQE "possibly" not doing there best for MATAD, hence why as asked if a technically competant engineer would be onsite during the workovers and why i asked if MATAD might consider buying their own rig."

It was an excellent point to bring up abzzba. I think that DQE's work has to be suspect now given what's happened with Gazelle.

"Which makes one wonder again whether MATD has been subjected to deliberate sabotage from the Chinese. "

I meant of course ! Lol.

".Gazelle's a gusher game changer and seeds doubt into the ability of the drilling team regarding Gobi did they royally F Up hence being Monitored very closely ? "

Which makes one wonder again whether PC has been subjected to deliberate sabotage from the Chinese. PC or DQE would presumably have been able to snap up block 20 had MATD gone bust.

- A 3 year delay in oil extraction caused by a Mongolian provincial governor with communist affiliations, when all he needed to do was sign a tripartite agreement already signed by the MG and MATD.

- A long delay in the sales agreement being signed by PC.

- Delays in the payments by PC, and a spurious witholding of 30% of the payments, which the MG has now clarified were never justified.

- Gazelle drilled back in 2019, but for some reason the fact that it is a gusher was never discovered at the time.

- Gobi drilled back in September 2024 but.........................?

I hope that any farm out will be with the Indians.

The share price action in previous years was based on the company being an explorer rather than a producer quite simply. Those price spikes used to happen when an RNS was released - but up until late May last year the company never had any legal access to the land. `So the MMs used to just make quick money through a sudden price spike straight after an RNS which was really nothing more than hot air. That time in 2023 for example, when after an RNS the share price went up from 1.8p on the open to 6.5p the same day. And then back down to around 2.5p a few days later.

Recovery plays are based on the fundamentals radically changing for some reason or other. The collapse in RR's share price in 2020 was based on covid and the performance of the previous CEO. It's performance from 2023 was based on planes flying again and the performance of the new CEO. The likes of kevinround and adw 198 though would have been obsessing at how bad the recent RR share price performance had been, and probably taunting investors who bought say around 2018 about how under water they were....

Kevinround back with his pearls of wisdom I see. This is the guy who says he trades, yet hasn't been around when the share price went from 0.7p to 1.4p in a short time. Maybe that's because when he was last here he was trying to persuade us all that the " renewables will just be worth pennies " and that no farm out partner would be interested based on Kev's complicated calculations which on were based on the field lasting 4 years...😂😂

And he recently wrote this on the Gold.L board " it's just hard to know when your ( sic ) buying if it will go up or down lol. Thankfully I've had a good year but prior to this I had 3 bad years so just recovering my pension pot to what it was a few years back."

By the way, does anybody remember the Two Ronnie's sketch of the two village idiots talking to each other ?

Reading through 2reincarnated's posts for a load of different companies, all he does is say that the share price will crash and another raise is about to happen.

What an absolute t****r.

The share price is still only a quarter of what it was Vs the peak it reached on 29th May last year straight after the local access consent was announced in an RNS. It hit 5.3p that day.

Surprised that some are talking about top slicing with a farm out announcement just around the corner. I'm expecting multiples of the current share price in the aftermath of the announcement - maybe even straight away on the day of the RNS. What we are seeing now is hopefully just a taster of things go come.

Abzzba ; what's your take on the amount of time it's taking to announce anything about H2. 10 days of pumping now is it ?

My guess is that as the pumping goes on the temperature in the well keeps increasing, which helps make the waxy oil increasingly easy to pump out. So they are waiting to get a consistent flow rate at various choke settings.

"1.45 to sell 1.46 to buy - crazy spread for such an illiquid share. Literally near zero sellers, every buy pushing up the price."

If you take a float of 1.8 billion shares, think of it as just 1,800 individuals holding an average 1m shares each. This puts it in perspective. However you then have to discount from those figures the ( considerable ) no of shares which Petrovis owns, plus a few other large holders of shares, such as MB for example. Then the MMs hold some in their inventories. Petrovis probably want dividends long term and so are unlikely to sell in the near future.

And the LTHs who bought shares years ago, and have held on to their shares regardless, have already been put through the ringer with the various raises and the extreme price volatility. So if they have held through all this pain they are highly unlikely to sell anytime soon when it finally turns around, which hopefully it is doing now. If it gets into a consistent uptrend as shown on a chart, then most will just hold on hoping for more. When the company was an explorer the chart looked like a a panorama of a mountain range, with lots of peaks and valleys.

So In other words, the existing shares are largely in extremely sticky hands, which can easily result in chronic supply/demand imbalances. Therefore a good farm out deal ( to take one example ) could really catapult it if there are few sellers around.

The Sunsteppe Choir project is a 50 MW Battery Energy Storage System (BESS) being developed in Mongolia by Sunsteppe Renewable Energy (SRE). The project's primary goal is to stabilize the Mongolian national electricity grid, particularly in its central region.

Project details

Developer: Sunsteppe Renewable Energy (SRE), a renewable energy joint venture associated with Petro Matad.

Location: The town of Choir in central Mongolia, home to the largest electricity substation in the central part of the country's national grid.

Purpose: To stabilize the national grid and manage imbalances between electricity supply and demand. This will reduce high-cost electricity imports from China and Russia during peak demand and avoid wasteful exports during off-peak periods when domestic supply exceeds demand.

Status: As of mid-2024, SRE had received feasibility study approval from Mongolia's Ministry of Energy and was preparing its application for a construction license. Environmental studies were underway in May 2024.

Timeline: The project was initially targeted to be online as early as 2025.

Benefits: This BESS project is expected to help integrate existing renewable energy sources and reduce the amount of coal used for power generation.

Why the BESS is needed

Mongolia's Ministry of Energy identified the need for more battery storage projects to help stabilize the grid. The country commissioned its first BESS in 2024, and its positive impact spurred further interest in such projects. SRE is positioned as an early entrant in this growing sector.

Timing is everything with volatile microcaps - some well in profit now and some still well underwater depending on when they bought in, and whether they just held but didn't take profits on the pre production spikes.

It's only since that last raise that it's become a credible buy and hold.

Brent is doing a bit better now.

Hopefully 60 Dollars is support.

"If I was presumptious enough to offer my advice it would be not to believe the 'You've got to be in for the next RNS, it'll gap-up and you'll miss the boat' talk."

As well as that, whenever you have a sharp move up you pretty well always get a pullback. A lot of people who actually understand typical microcap price action would be looking to buy in on the pullback. Like fairly recently, it moved up sharply to about 1.2p after the RNS, and then pulled back to 1p before resuming upwards. A perfect entry point at the 1p support level.