Member Info for MisterPositive

Fundraiser, Flippers would be selling at a loss if they sell below 10p now. They still need to pay for their 10p allotment probably from 'forward sale' cash proceeds. Also placees / flippers still need to return the borrowed shares back to the lender.

MCap of £65m (after placing shares) is crazy low. MCap last year was £110m...and now we got 6 fully funded drills and on the cusp of starting the drill campaign. Brent Crude now £75 a barrel vs last year price. MCap should have been closer to £165m now (25p)....think we missing £100m here.

consistently. Smart investors accumulating while it's quite. Overhang should eventually clear. Might see a bit of Pre-Spud rise as we get closer to Spud.,.,,not too far.

Pawn, I am staying put here. Want to see all 6 drills. Price next year could be well over £1.00 if all goes to plan. "Farm-In" angle is still there. I think it will happen sooner than later. Soon as any overhang from placing is gone, then road ahead is pretty clear. Each to their own decision.

And some folks talking about Snow Leopard being a duster......really???

Also they think there are 2 Petroleum systems in Mongolia. Current producing petroleum system and a deeper layer beneath the current layer. Hence Snow Leopard could be quite interesting as it is targeting both shallow and deeper layer, all together 5 targets with one drill. Upside estimates are 200MMBO. Any strike here opens another 500MMbo. So Snow Leopard is by NO means small target.

(1) Snow Leopard (2) Wild Horse (3) Gazelle (4) Name TBC (5) Fox (6) Red Deer. Basin Opener wells tapping into estimated 9-23 Billion barrels Recov. (90 Billion barrels STOIP estimated) across 6 basins.

Yesterday with Buyers ahead of sellers. Snow Leopard Spud coming up soon. Cannot wait to get started. Very exciting next 12 months with 6 fully funded drills. Bring it on.

I know the Placing took us all by surprise but the fact it's paid for in 'Advance' for another +250MMbo or even more provides for solid base. Plus the cost synergies & time efficiencies gained from NOT having to subscribe for a new Rig in 2019 goes a long way. This means same Sinopec 100% certified Rig will be at hand come April 2019 to get cracking on FOX +200MMbo drill. I think they might do same for Block XX and sign an extended Rig contract to get cracking on 'Red Deer' +48MMbo target early on in 2019 in addition to Gazelle & one other drill target being drilled in 2018.

SM123, If you got your Holding then best to sit tight. I think most of Snow Leopard pre Spud rise got postponed to post Spud and during drilling with much bigger rise to come Pre Wild Horse Spud. Holders need not worry. It's the new investors who have to decide when to jump in as price starts moving up.

Even Wild Horse permit is in place now. And there were some here suggesting no drills this year.....really? I bet all those merchants have bought in now.....LoL.

Fundy, You make it sound like Snow Leopard is the only play here??? Are you planning to get in only after Snow Leopard? Flippers shares are being snapped up. Soon this Placing overhang will be gone.

yeah, fundraiser sold out too early at 6p last year and completely missed the quick run up to 38p in 2017. Yes, he made good profit, but completely mis judged both sentiment & momentum at the time. Could have got back in even at 9p before that Bull run. Read all RNS from Nov 2016 onwards to get full understanding of the massive potential in play here. Imho. Dyor.

Agree. I think we will see 20p during Snow Leopard. Oil shows from any of the 5 targets for Snow Leopard and you can double that to 40p. Snow Leopard (a) being Basin Opener and (b) targeting Upside of over +200MMbo. Opens up whole Basin, excluding all other Basin Opener wells to follow after SL. 10p will look like peanuts if both SL and Wild Horse come in, as price would probably be over £1.00 on both strikes. Imho.

in double figures tomorrow above 10p I think. Not long to go before Spud. Gradual daily rise would be best. All those questioning the Visas?....we knew that was a mere formality. All in place now and crew on site for past weeks.

Expected Spud End of Sep/ early Oct would be while Wild Horse drilling comes close to end. So much to happen in the next 3 months. Price won't be sub 10p for too long. They should name 2nd Block XX drill "Top Cat".....LoL.

JohnHenry, Don't think geology is questionable. Mongolia is Oil rich but was never explored under Soviet occupation. Just need to hit the sweet spot. They got a combination of 2D and 3D benefit.

Nice start to the week.

Mongolia is just getting started in properly exploring for Oil that exists but never tapped in, unlike Chinese basins with over +100 Billion barrels of oil discovered having same source rocks and geology. Farm In partners waiting for Oil shows before jumping in but price then could be Multiples of current price. We saw the bottom I think last week. Even flippers might want to offload higher after today's firm RNS Spud confirmation and re-affirmation of all 4 drills to be completed before 2018 drill season. Even drill stem testing is being covered. SL will take 2 months from July but you can have Oil shows from any of the 5 targets en/route to 3350 TD. Even the first hint of Oil shows will push price much higher as more punters pile in before full results from SL and before going to Wild Horse straight after. IMHO.

Fundy, Snow Leopard itself has 5 targets with upside case over 200MMBO. What if it is a gusher and comes in much higher. Price will more likely be 50-60p then in my opinion, not the 5-6p you are obsessed with. People can read the RNS and understand the Risk/rewards.