Member Info for Ojay

I just sent this message to PM:

As PM's last operational update was in March this year, investors are interested to know what the status of the company is.

Can you please confirm that PM will issue a RNS as soon as the Exploitation License for Heron 1 is granted and that any other (for the market) relevant information will be communicated respectively as soon as such should arise?

I appreciate that you understand that (not only) PM-investors - particularly in the absence of any operational information - are getting somewhat nervous about PM's standings at this time.

Many thanks.

Huh?

A placing @2p would be bad for the company and even worse for the investors. I really don't understand why you consider this to be an option. Let's hope PM don't.

I'd rather hope that MATD doesn't do similar. For sure this is not the time to do so.

GKahn: I admire your patience - I'm in since February 2010, so not quite as long as you. All I can say is, we've both got good reasons to stick around. I hope and believe that our patience will pay off.

GKahn: From my modest POV I fully support your statement. As usual there are a lot of uncertainties und hurdles to be taken by PM.
I guess the uncertainties are not an exclusive PM issue - it goes for all O&G companies listed on AIM. However, as Petro$ rightfully pointed out - the potential of PM is enormous. That's why I'm on board and I would guess that goes for most of the other investors as well.

Nice post Petro$!
I assume the current SP reflects the market's lack of confidence in PM. There are some uncertainties; such as whether the monetisation of the Heron asset will suffice to fund further projects in 2021 (and beyond).
We shouldn't forget that PM has let its investors down during the past few years - hence the distrust. I really hope that everything will come good this time. I believe we investors finally deserve it!

Petro$: Now that was a nice, clean, positive post. Good to have you around!

I assume all investors are relieved to know that inspite of border closures et al. the pandemic has had "no impact" on the license grant.
In that case we can now finally all sleep well and wait for the expl. license to be granted in September.

Thx again JTB: As I already mentioned to C/S, Spainish may be familiar with the Mong. election procedure (however, not with the probability of its outcome let alone respective consequences) but had no idea that an epidemic would arise and have an impact on the government's capablity to process the exploitation license. In other words, nobody (incl. Spainish) could have factored in the events as they took place since January.

Thx JTB: And still, I don't understand Spainish's post of 12.24 today. My post you refer to was in response to Capt. Stanley. Curious stuff.

Spainish: I have no idea what you are referring to but whatever it is - I'm sure you did something!

In addition, I am not a rocket scientist, have no knowledge of Mongolian elections and couldn't name any connections into Mongolia - I hope that doesn't disqualify me as a PM investor.

buying volumes need to be higher than selling volumes in order to maintain the current (low) SP level. Let's not forget that we are looking at a moment in time - a moment which will change dramatically in the coming weeks...
ATB

-5.24% is a lousy outcome of today's trading day: I agree.
However, if you look at the ridiculously low volume you will also understand that this does not respresent the overall market sentiment. This is merely a chicken retreat giving the buyers an opportuntiy to get in cheap (as far as they are able to recognize it).

C/S: Your point concerning the Mongolian corruption issue as well as your investment stategy regarding PM is understood.

Neither you nor anybody else "suggested" that PM would be without license in August 2020 and rightfully so - because neither you nor anybody else knew what was going to happen in the meantime. So please don't make it look like you knew what was coming or that you've held your comments back fearing "rare abuse".

Your "balanced" posts are welcome (as far as I'm concerned) as long as the balance is not lost in favor of your personal benefit - which often appears to be your main motivation.

ATB

persistent: You are certainly right - at least in theory and I assume most of us investors would like to believe that is the way it is. I'm convinced matd can argue that there is no decree or "official" information which fulfill the "sp impact" criteria and therefore needn't be disclosed to the market (at this time). We all know that there are a series of issues which need to be addressed. I am hoping that once they need to be communicated they will be positive.
ATB

Yes of course petertee an update would be most welcome. As matd have shown no interest in reacting to various requests of private investors until now - what makes you think that this should change by the end of this week? Or is that just wishful thinking?

Clearly, nobody knows what Mongolia's border restrictions actually look like. However, if their rules take some of the European countries' concepts into account - which allow "cross border commuters" / "frontier workers" (even from - former - hotspots such as Italy and Spain) to enter the country I'm sure they would make respective exceptions. But as I said, don't know how strict Mongolia's regime is.

sellers remain to be absent today (at least until now) as they were selling as low as 2.7p just 2 days ago. Clearly, just a one trading day view.

persistent: As I posted previously I find it hard to believe that none of the issues which have arisen since March this year would have an impact on PM's SP. Nevertheless I really hope you're right.