Member Info for MisterPositive

Degsy,

I take it you only report Buys going through NEX......not the Big sells like the 500k Sell in the last 30 mins and 440k sell few hours ago ?

I can see 3x 1m Sells each at 1.93 and 1.94 and 2p just on moneyam. Just one 1m Buy at 2.10 Also the 1.075m sell on NEX at 10:12 same time when there were 750k and 200k Sells on moneyam. Still no sign of your 11:07 post with your so called 1m Buy on NEX live just now?

To get this moving. We are not far off now. As I said before, last few yards are the most tiring when you can finish line in sight. Snow Leopard being the deepest drill at 3350m taken the longest. Rest of the drills will have much quicker turnaround. Chin up folks.

WildOne, Hang in there dude. Frustration is wide spread. Not far away now.

Latino, There are more 1m Sells trades than Buys: * on NEX: 1m buy and 1.075m Sell * moneyam: 1m Buy vs 3x 1m Sells Looks more like 1m seller offloading.

Degsy,

As at 12:04, I still can NOT see any 1m Buy around that time as per your 11:07 post today: (only 1m Buy & 1m sell earlier on NEX).

your 11:07 post today......."Another million buy just now live on NEX"...

https://www.nexexchange.com/company-all-latest-trades?isin=IM00B3NTV894&listingtypeid=PLSU

Need bit of Buying pressure and this should pop up over 9p today...and still would be at 10% discount to 10p paid by Institutional Investors. Last 3 buys ticked up with each Buy. 46.8k @ 8.29 125k @ 8.30 1.5k @ 8.41 150k @ 8.45 MMs willing to take it up on bit of pressure.

SBB1, Good post. AIM sentiment could take it even higher on an Oil strike as lot of other things also kick in. At what point do Farminees jump in and at what price? Agree, current price has already been depressed far too long. ATB.

yes. I have seen the contracts. Some contracts don't Quote revenue figure apart from today and the £360k over 3 years. You have to deduct 'cost of sales' to get to Gross profit less Admin costs. Company is loss making as per last interim results. Cycle is as follows: Revenue > Receivables (Debtor) > Cash Then have to deduct Payables (Creditors) and Admin costs. Company admitted itself, it needs to raise funds for working capital. You need a cash buffer to remain a 'Going Concern'....or risk insolvency if unable to pay creditors. Each to their own decision. Imho, Dyor.

Before getting too carried away... Suggest all read notes to the Financial statements at the bottom of 10 May 'Interim Results' RNS.... Especially Note 3: Going Concern: The area involving significant estimates or judgments is: · Going concern At 31 March 2018 the Group had £374,042 of cash and net assets of £405,459 excluding the non-current liability owed to a shareholder that (at the option of the company) is not payable until 2019, and then only at the Boards discretion with reference to liquidity of the business. In order to continue growing our customer base, further investment is required. To ensure the Company has the resources to take advantage of the market opportunity the Board is reviewing funding options to provide additional working capital. The Directors have therefore sought shareholder authorities to provide the Company with the flexibility to raise these further funds in the future and are confident that the necessary further investment will be forthcoming. There can, however, be no assurance that this will be the case. Should the company be unable to continue trading, adjustments would have to be made to reduce the value of the assets to their reasonable amounts, to provide for further liabilities which might arise, and to classify fixed assets as current.

Harryman, I openly said it...cash balance is the issue, not revenue. £374k cash balance was 5 months ago. Admin costs for those 6 months were £771k...all figures are from the interim results. Have a good read of financial statements at the bottom of 10 May RNS. I have not seen them raise funds so far? But will need to soon. Receivables just about cover payables (Creditors) as per 10 May. Can you tell me what is the current cash balance? That's my opinion same as others. You can ignore the issue and look the other way, pretending it's not there....your choice coz it's your money. In my opinion only.

CaptainDoom, Wait till end of year...at least. Drilling campaign just started.

Scully, Lol. I know, if only we could have that kind of judgement. Some folks are good at it, have to say.

Well done all who stuck in today. Difficult to make money on AIM. Sometimes we need a bit of luck to ride the waves. Being in the right stock at the right time is key. So congratulations all who took the risk. Whatever you do, at least take some profits otherwise why bother taking the risks. Cash balance for me personally leaves a big ? coz £374k at end of March about 5 months ago would be gone by now. Happy to be corrected otherwise. Cheers. ATB.

Same at AST, punters move funds about after the initial euphoria dies out. You can be lucky at times to ride the waves. Staying in too long where you have to wait for news and it starts drifting. Patience is in short supply everywhere. Typical AIM...

Scully, Not every poster here is a shorter. Some are simply selling before the Placing comes.....in the absence of any Farm Out deal. Don't expect a quick turn around here for a deal which is probably another reason why there are sellers. People don't hang around with funds tied up for an uncertain period. You know how AIM works.

Manro, Well said bro. Lot of moving parts going on here in the background. Mike Buck comes across as: Under promise and Over deliver type of CEO, managing expectations well. At the same time he is excited about the prospects and wants to deliver despite having to deal with all the beuracracy in Mongolia. 2nd Placing was not needed for 2018 drill programme, yet he had the vision to get the finances & permits in place so we do not waste any drilling season. With Rig to be winter stacked and permits ready well in time means they can start 2019 drilling early. Hopefully, that should just build on top of success at both SL and WH.

Yep. Lots going on in the background. Company is working on 3 Blocks simultaneously which in itself is no small achievement. 1. Block XX Rig contract. 2. Wild Horse site preparation (Block IV). 3. Snow Leopard - Block V. Mike clearly said in his interview they have the flexibility to move things around. If they have a strike at Snow Leopard, then clearly being the bigger prize, they would be spending more time here to get their hands on additional 500MMbo in addition to the 90MMBO. Frustrating as it might be waiting for news....we might be in for even better news than originally thought. I have never subscribed to this duster theory from the start which some circulated even before they Spud SL....I think we could get a surprise to the Upside with SL. Not long to find out.

Company has the financial flexibility to do lot of things...no issues there for me. They want to get most bang for their buck.

Yep, if both Snow Leopard and Wild Horse strike, they will be busy here as this is the Massive prize. Farminees will also jump in. They can always do Block XX later. Still think PetroChina will Buy Out Block XX from us down the road while we develop Blocks IV and V with Super Major on board.