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Their website says 2022!
"The results of the technical proposals submitted by the enterprises for the selection process for granting special licenses for mineral exploration will be published in the electronic system of State procurement on January 10, 2022."
So where is all this LP granting spectacle, Block buster announcement that has no backing data to support? Looks alot like public board hear say to me? Hope im wrong, but my own research shows nothing happening here until Spring. Evidence required.....
This is just relation to the link in my below comment, what's this got to do with Heron LP that local chief "Mayor" has blocked? Just trying to understand where this anticipation of LP for Heron has come form? Thanks
I hate to say it, as i, heavily invested here and i officially holding a 75 / 80% loss. I got shafted on the placing, and shafted with the market massacre, but honestly can i blame the lack of market confidence......No.
Lets look at some facts of poor leadership decision making and cheap excuses.
> Covid has made things slower (Accept this for the period of lockdown, but no advancement before or after the pandemic)
> Land Permit Rights - Massively didn't do their homework, to understand than in a primitive country, local village chiefs have final say. And they say NO DRILL, FA has been done to appease this. Coffee chit chat with table talk to amend the outdated political landscape goes NOWHERE.
> Capital raise to pay expenses and salaries of skeleton company, this has been going on for years now!
> Any advancemnts on additonal; discoveries in different proviences that that they pre negiotionat land permits in the event of discovering oil??? NO
> Any advancement on Velociitorrapter site?? No
> A teaming agreement with PetroChina to heavy hand the progression on Heron...No
> Winter after winter of doing nothing but HOPING for a change in granting the right to drill......
The truths are india has financed a 1 Billion refinery due to be complete in 2024, and NOTHING is going to happen in the country until this is complete.
MB lives a very wealthy and healthy lifestyle in Singapore with little to no tax and is proven to be a microphone monkey, puppet by the owners and they are bleeding British investors for millions.
I hope by some miracle it turns around, but i have pretty much shelved this investment and expect no progress until 2025, where il be lucky to possible get back 50% after the inevitable multiple dilutions and cash raises happening next year.
GLA - Lesson learnt - stay the F away from ANYTHING MB is involved with.
It's a step in the right direction getting equipment on site and crews organised, but the real drag on this is land access. "Soon" was the choice of word from the CEO. The same word i use to my kids when asking when are we there....How long is dinner? This bird will not fly until they can legally drill.....and that is a government legislative amendment. 2024 when countries own refinery is opened is my prediction. Bottom drawer it and review again then. GLA.
This really has been a case of Jam tomorrow with this company. I am heavily invested in this and have been for years. I got completed bent sideways before and during the placing. MB gives all the excuses on, the Ministry of mining, chinese border shutdown, covid and local area licenses etc etc.....Surely Lets be honest....Its all do with Mongolias own refinary that the Indians built and gave them 1 Bill for due to be completed 2024. Until then, this is going nowhere. What exact work has been done in 2 years? What are the overhead and administration costs for? Why are half salaries not been issued, or simply bottom payment retainers? This dog needs to get its arse in gear and move to 20p range and get into production. Oil is a commodity of the passed and i invested here when they announced never seen before flow test results and commercial discoveries. Since then, drip by drip the Chinese are pumping out the pool and this is left holding a bag. Very poor choice of company to invest in from myself, but fingers crossed if a spike does come, il sell up and not return again here. Frustrated and fedup......Oh watch china and Twain....could be another border restriction by 2024.
"we expect to impact our trading performance in Q4 FY22 and into the first half of FY23" I think its a bit overdone, but until there year finances can show strong balance sheet to warrant MCAP, not a split 2 year Gross contract of 16m.....i.e less than 1 mill a month.......an what is the NET? Could be worth a punt for a small bounce. GLA DYOR
I honestly believe this is an attempt to panic holders into selling, and to trigger some stop losses so the MM can gather as much stock as possible ready for the immanent RNS confirming that production is due to commence and Rig etc is scheduled. GLA hold on to your hats.
Great momentum here past few weeks, Gas prices exploding, this has buckets of potential. After crazy drop last June - this is looking very likely to break the 8.5p resistance. All charts looking bullish. Great share to make some good capital. GLA
What is with all the delayed publications..Are these buys or sells......fairly lumpy when combined. Great momentum building here, just need a solid RNS and it is literally take off time. GLA LTH, we really deserve a 10p ride here...
In this game, there only assurance is there is no assurances. I want to see this fly, but I've been around long enough to see drill heads buckle, well blow outs, burst pipes and unexpected drilling conditions. I welcome any rise, but il certainly navigate my own time frame for sells and buys thanks.
Russia invading Ukraine and the global markets tanking to 2007 levels. Putin then gets NATO, UK and USA of his back for invading and he turns gas pipe off to Europe just in time for the -10 nights in Feb. That would side swipe us.
Read up on OTC trading and Order books. Reason it opens up or down before market open. Your always be second unless you have market moving capital behind you. GLA