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Mongolia is coming alive after the Elections. Meeting and conferences being held to utilise the wealth of natural energy reserves that they know they have . This is a massive opportunity for the government to unlock the potential they have. Watch this space...
Wow Jimi. Where on earth do you get this great info ? Looks promising. A good day today and I hope a sign things are starting to look really positive. Very, very tempted to add a LOT more here..! And can you explain the brush part of your interesting user name ?
I agree, it is not good to only deal with a single entity, ie PC, you have to have options. If you only have one option then the negotiating stance is very weak. Now is the time to look around to see what options there are and then finalise deals when you are ready, not be forced into a corner with only one party.
Have a look at this link
https://www.bbc.co.uk/news/business-52638629
An interesting look at a US story of a company buying up old gas assets and making money...
There are simpler ways to make money than drill oil wells and sit back. I agree that there is a lack of clarity in what is happening at the moment but when I have been in business situations and making delicate deals with significant contractual ramifications, I do not want too much information in the public domain. I believe this will come good but it will take time. You need a savvy guy at the helm and whilst I know very little about SS, I hope that he has an agenda that will eventually make money for the PI's. It is is worrying that he has not yet invested in the company but one day this may well be explained. It would be a wise man that waits until the bottom and then invests when the SP is very low.
I've been here 3 years now , so seen it go down down and deeper on down. Thought it had reached the bottom but who knows where this will stop. But I've a feeling that this will work out for a while and lowered my average yesterday a bit. They have oil, they have future plans, just need the Mongolian Government to start looking forward now
After the last RNS and the rock bottom oil price I felt this was the time to top up my holding here. It was this or N4P and at least we have some certainty here in an oil find. The find seems to keep on growing in expectations and we have more prospects coming up...Fingers crossed.