Member Info for Manro

oneruleforone, you do not have to be a dog expert or veterinarian to determine the dogs behave. And why exactly the dog suddenly starts barking loudly and then happily run around you and wag its tail. I think you have guessed - its the dog's natural reaction in anticipation of its beloved Pedigree. LOL
Alb to our true Matadors.

Yes, Bobtree. The time has come for all LTH to think whether we need to keep and feed these cats if they have become so fat that no longer want to catch mice.

Hawkspear, you and Ojay as well as many LTHs are sincere and honest guys, who proceed as me from the proven fact that there are huge reserves of oil in Mongolia comparable to those in neighboring Russia and China And the only question is when exactly this oil will be discovered. From this point of view, our long-term investments are perfectly justified, and on this basis, as co-owners of the company, we can safely respond to all temporary setbacks and wait for our high point. But, all this can be fully justified only when we are sure that, firstly, there are no crooks in the management of the company. Secondly, they are desperately looking for oil. And, thirdly, in any failure the management feel as bad as we do. But, as experience already shows, the first CEO of PM was fooling investors and was not at all concerned that he could not find oil. And the second one turned out to be a crook with his deal with Bergen. And now Mike on whom we place so many hopes and who have taken initially some energetic steps. But after short time its turned out that his promises are seriously at odds with affairs. And what is most importante from the position of losses and risks Mike and his team in a win-win position. And there is very little differences if this oil is found this or next year, or even maybe another 5 or 10 years from now. Because we are here for to carry all the risks and losses. If the early oil discovery would have been as vital necessity for the management as for us it would been discovered quite quickly. Why for example, it would not been possible carry out drilling of the SL, and a bit later simultaneously start drilling WH and then even Block XX. If you are as CEO are telling us about 4 fully funded well drills why you are not doing these drills? If someone really wants to do something, he does it, but if he does not want to do it, he searches and finds a thousand excuses. Therefore, we often deceive ourselves by believing that others also behave honestly. This is why I think now is time when we have to assess the actions of Mike and his team from much more critical positions.

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful” ― Warren Buffett

IGEEK, no one can predict, mate. Therefore its better to dream :-))

20p - 23p!

jndavid490 I personally do not have any problems with the adoption or non-acceptance of the current SP and the level of the company's capitalization. What is, that is and no one can change it. But to understand why this happened and whether it could be otherwise, and therefore to draw proper conclusions for ourself, I think extremely important. Especially when friend of mine is sure that with the correct and verified actions of the company management and Mike, such a paradoxical situation would never arisened. That's why I decided to find out if there are any among our investors, especially those who are well aware of the oil and gas industry, who are thinking about the same.

Good day, guys. Looking at the current price it's hard to believe that this could happen when the company is possibly now on the threshold of finding one of the largest and most promising oil on-shore drilling discovery in the last decade. And in this regard, I have a question for all LTh: what do you think, what could the company management do to avoid such an incredible situation and SP? I must confess that I received an answer from my Moscow friend to this question. But, I would like to know how his opinion coincides with the opinion of our investors and especially those who are specialists in the oil and gas industry and can give their qualified answer to this question. According to the results of your answers, I will let you know who of you have expressed the same opinion as my friend.

FreoDocker, true Matador means LTH with substantial investments. And as one them I have a some influence on SP and even confident that if its now not the time for sharp and sudden increase then its definitely time for gradual rise up to 20p or even a bit more. And it will happen not later than at the end of this month without any finding. And, yes if PM find oil there will be firework and not usual one, but something spectacular.

ATB to all our true and devoted Matadors. Of course, many of us hoped for an oil discovery or at least on a higher and much more respectful level of communication with us in providing on time all the necessary and especially promised information. But let's hope that Mike and the BOD have already made the necessary conclusions from their mistakes but most importantly this time all of us are going to be lucky oil strikers.

Agree with both of you bigbench and Ojay. We are already on an uptrend and very soon everyone who doubts PM success even if there are reasons for it, given all previous experience of complete failures, may be bitterly regret for being just passive observers now. Most recently I spoke with one of my very good buddy from Moscow, who is a very good specialist in the oil and gas industry. And he also a bit wonders why it was necessary in short and very precious time of good weather to drill such a long lasting, complicated and not the best well choce of drilling. And why not to postpone SL instead of Block XX. He has expressed his confidence also that with the real support of the Mongolian government and proper work organisation the oil should have been found yet several years ago. Of course, I am not an expert and I don’t know what he means speaking about the proper organization of the company’s work. But today I regret that during our meeting with Mike I told him in jest only that he must find oil either himself or take on board specialists from Russia. I should have just offered him an acquaintance with my friend, and it would be for the common good. I hope that the WH will be a major success for PM and Mike himself. And if not, then next year I will try to introduce my friend to Mike for as they say, one head is good, and two is even better.

Because our barking dogs afraid of frost, jndavid490. And Mike, as a big lover of dogs, will not take a risk and put the lives of such a lovely pets in danger. Therefore he will drill in the next year and at warmer temperature only. Lol

Congratulations and all good wishes on your birthday, Eric.
And best of luck with BEM too, mate. Which is quite possible even before this year Christmas. Unless of course will not be used again famous Swedish perpetuum mobile.

Such a ping-pong is the most worrying dirty game which can take place again. For to prevent it Kurt have to do everything he can and get permit from the new government only. Otherwise, even getting permit via MI BEM will be forced to be involved in harder and endlessly long court procedure in respond to CAB objection and wait for the final permit confirmation instead of doing business and making the mine.

I am confident that It's the bottom, Eric. Except, it doesn't matter if SP can fall couple of pence lower. It just incomparable with such a tremendous opportunity that we have here and which can be easily lost.

And if there is no new placement by Kurt (in connection with the broker change) and pro-bussiness oriented government in place I most likely will come back.

In any case I wish you every success, buddy.

Thanks, Eric there is 696,165 Buy at 6.22. Not shown yet.

The best of luck to you with BEM as well, mate.

Here is huge BUY order is coming.
GL to all our true Matadors.

My congratulation to all our true Matadors and not only with the fact that we finally got the positive news that was expected. This time we received the RNS which clearly indicates the plan for further actions of the company and what is important with a firm statement about "looking forward to updating the market on Wild Horse soon." IMO this shows that due to our insistent requirements to improve the style of communication with investors, Mike and the BOD seems to begin to realize how important it is to keep us and the market in whole fully and timely informed. And do not create an atmosphere of uncertainty around the company, dropping not only its so important tangible assets as capitalization but prestige as intangible asset too. In such situation I can't see any obstacles for SP quick recovery at least up to 20p at WH pre-drill.

Superman86, even a very thoughtful assumption does not cease to be a subjective opinion and not a truth. That's why it's too early to think that you are right, let alone urge us to become realists.

TD for WH - 2000 m.

I am not so sure now if it wasn't forward sell, SBB1. As it was with Bergan with a bit differences.