Member Info for mikec365

"On the Block V Exploration PSC area, local government approvals for land access have been secured. This area does not have the same history with the oil industry that Dornod Province has and as such, just as in previous years, thanks to its continued focus on positively engaging with local communities, Petro Matad has been able to secure all necessary permits to work on the land covering the highly prospective Raptor Trend and the Velociraptor prospect"

https://www.facebook.com/MongoliainUK

H.E AMBASSADOR B.ENKHSUKH VISITED THE ISLE OF MAN
H.E Ambassador B.Enkhsukh, together with representatives of the Ministry of Mining and Heavy Industry and the Mineral Resources and Petroleum Authority of Mongolia, visited the Isle of Man a self-governing Crown Dependency of the UK On April 24, 2023.

If they flew in specifically to visit this country then it is very big news....

All the English people seem to have big smiles on there faces in the photo so hopefully good news about something.

Pointless RNS says nothing new but will tank the share price, maybe directors want to buy more shares ;-)

Think this will drift back down to 2p over the next few months once people lose interest and move on to the next share, then it will either go to zero or back up to 10-20p depending on the restructure.

Surely a company that earnt 1.8 billion in 2021 with an EBITA of £454million has the potential to pull themselves out of this crap somehow with the right finance?

Thank you AJones, not bad for a company worth 23m, I know debt is huge but it can be negotiated. I think there is still some value here for somebody.....

Anyone know roughly how much the company has in assets? do they own most of their sites or are they leased?

In my opinion anybody buying here is just gambling in the current situation, next RNS could say lights out and you lose everything, or it could say secured funding and may double or triple your money, only bet what you expect to lose.........worth a punt if it goes to 1p.

Bad news in the short term, but now they do not have to keep pumping money into DCB and their liability is now zero. This is a good business so should do well. Worth a punt at these prices.

Is there a big seller in the background as the MM's are dropping this on a few small sells? 70% of shares are owned by pi according to Yahoo finance, so don't think it is any of the ii selling.

Why would you want to buy into the open offer at 3.5p, when you can buy in the open market at 3.15p?

I think this may surprise us today, now fully funded may bring in the buyers if it opens 3.5p-4p, may even close around 5p…..

“Ojay,I can’t imagine how you’re feeling with 3 million shares”

Yes he may feel it now but come the £1 party he may be the only multimillionaire in the room. “He Who Dares Wins” “ this time next year”……………..

3.5p is a F***ING insult! BUT, looking forward EL obtained, funded for drilling, this may sit at 3.5p-4p for a while but the only way it should go now is up (we hope) :-) I can see why LTH are frustrated and bitter though what an unpredictable and disappointing share so far.

Thanks for the info Wilko, must have been your sells then!

We appear to have a 1,000,000 share buyer (4 x 250,000 buys) so someone has got confidence. If it gets near to 5p then I will buy more. What's other peoples "top up" price target???

Ask got to 8.8p so bid must have been around that.