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Will post one more time then will take a break for a while π
IMO π€
What's needed = Signature βοΈ
What's the timeframe = Don't know (how long is a piece of string)π€
RNS 25th Clear = Yes very clear π
"The Company is working with the local government agencies to secure the remaining approvals necessary from Matad District to allow the 2024 operational programme to commence. Preparations are being made to complete the Heron 1 well for production once approvals are in hand and when contractor crews return to Mongolia."
Now the key words are agencies (Plular) and approvals (Plular) i.e more than one (could be 2 or 3 I don't know) until they are secured (how long is a piece of string) it seems the final Signature may take some time π€
Any Income from Renewables in 2024 = None
Any Income from Oil Production in 2024 = Maybe (If Signature Issue is resolved)
Will SP go up = If Signature issue is resolved, else on what Basis will SP go up ? π€
Buy, Sell or Hold = Personal Choice π€
AIMO DYOR
YOUR MONEY π° YOUR CHOICE π€
IMO π
How long is a piece of string π€
It is what it is π€
β³β³β³
IMO what we need is a RNS (it will come when it comes) to say Signing done, until then SP may not go up (any upward movement and there may be sellers to bank any profit π€)
AIMO DYOR
YOUR MONEY π° YOUR CHOICE π€
IMO RNS Clearly explained regarding Signature issues.
Good to know fundraise in Not Imminent, this will help Stabilising the SP (maybe between 2.7 and 3.3)
AIMO DYOR
YOUR MONEY π° YOUR CHOICE π€
IMO
@ AGM = No New Information
? WHY = π
"The Company is working with the local government agencies to secure the remaining approvals necessary from Matad District to allow the 2024 operational programme to commence. Preparations are being made to complete the Heron 1 well for production once approvals are in hand and when contractor crews return to Mongolia."
IMO Signing is Not Imminent π€ π
AIMO DYOR
YOUR MONEY π° YOUR CHOICE π€
AgencieS π€
Secure π€
Remaining ApprovalS π€
Hmmm π€ that's Many π€π€π€ 'S'
π€β³π€
AIMO DYOR
YOUR MONEY π° YOUR CHOICE π€
IMO
SP may test 10p Soon π
AIMO DYOR
YOUR MONEY π° YOUR CHOICE π€
IMO π
Still 50 : 50
IMO won't be long before SP makes a move towards 10p or 5p π€β³
AIMO DYOR
YOUR MONEY π° YOUR CHOICE π€
IMO
SP may Drift towards 2.5p (unless positive RNS arrives soon)π€
Soon AGM β³π€β³
AIMO DYOR
YOUR MONEY π° YOUR CHOICE π€
AGM Question :
Will there be a Placing (Fundraise) Yes /No ? π€β³
If Yes then :π
A) How Much
B) @ What Price
AIMO DYOR
YOUR MONEY π° YOUR CHOICE π€
IMO
Still it Seems like 50 : 50 scenario π€β³
SP may go towards 10p OR towards 5p (it all depends on when we get RNS)
Sooner we get a RNS is better than later π€
AIMO DYOR
YOUR MONEY π° YOUR CHOICE π€
IMO RNS Clearly Highlights Issues and it Seems there isn't any indication that Signing is Imminent (Or close to Imminent)π€
IMO can't do anything unless Signing Issue is resolved π€π€π€π€π€π€ (it is what it is we can't do anything about it)
AIMO DYOR
YOUR MONEY π° YOUR CHOICE π€
IMO
3p seems to be Ceiling now π€
Seems may Drift towards 2.5p π€ in due course
AIMO DYOR
YOUR MONEY π° YOUR CHOICE π€
Maybe maybe it seems Placing may come first before any positive news comes out (if it comes out π€).
It seems RNS is clear there are issues and it seems they may not get resolved imminently π€
Hmm it reminds me of Carrot and Stick scenario π€
Carrot = Approval
Stick=No Signature
AIMO DYOR
YOUR MONEY π° YOUR CHOICE π€
Reading between lines in the RNS this part :
"We will buy ourselves a long-delayed operating window with the local approval for 2024 if we can get it, but we do not want to go through such a process every year."
The word "if we can get it" π€π€π€
DYOR
YOUR MONEY π° YOUR CHOICE π€
Long and short of it π€= No Signatureπ€ = Waiting = π€SP Drift = π€β³
AIMO DYOR
YOUR MONEY π° YOUR CHOICE π€
IMO
All Plans Without Signature = Nothing
AIMO DYOR
YOUR MONEY π° YOUR CHOICE π€
IMO
Plan A = Waiting for Signature
Plan B = Waiting for Signature
SP = Waiting for β¬οΈ
Too Much Waiting, hoping it's about time π€β³
AIMO DYOR
YOUR MONEY π° YOUR CHOICE π€
IMO we need positive RNS Sooner rather than later. π€ Why SP still not moving above 8pπ€. It seems it's 50 : 50 now. Hoping we get Positive RNS Soon else SP may Drift down. Still in but π€β³
AIMO DYOR
YOUR MONEY π° YOUR CHOICE π€
HOLD β³π
AIMO DYOR
YOUR MONEY π° YOUR CHOICE π€
Hmm 11.1% additional shares and SP around 11.5% down.
IMO next β³for β¬οΈ gradually towards 10p by Friday.
AIMO DYOR
YOUR MONEY π° YOUR CHOICE π€