The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
With such a strong statement concerning the importance to Mongolia of the value of investment in the mining sector and the identification of 34 oil fields that are open to investors, it seems counterproductive to believe that the situation with the LP will continue for much longer.
To continue to allow the continued delay in granting the LP is surely not a great incentive to new inward investors who will invest only if they believe that there are not likely to be unneccessary hurdles to be crossed and that the MG will actively support development.
N interesting article.
https://mmta.co.uk/the-evolving-black-mass-market/
WOS
STRONG BUYING so some people understand what about to happen here with this development toward MAJOR RNS we expect immanantly.
I'm not sure that a total of buys today of 8,123 can be classed as strong, or indeed yesterdays trading was also pretty meagre with sales approximately of £40,000 and buys of approx £18,000
Those investors who held shares in Hurricane Energy will have already seen a similar situation and will undoubtedly be reminded of the fiasco during which an incompetent CEO resulted in Hurricane being sold off using it's own cash reserves for a fraction of its potential value.
An April report on the refinery.
https://www.livemint.com/news/world/mongolias-first-oil-refinery-funded-by-india-to-be-completed-by-2025-boosting-energy-independence-and-offering-opportunities-for-indian-investment-in-mining-and-metals-11682270704893.html
Bowley
"Will write to the UK Government"
Just for interest to whom will you write in the UK Government and also for interest will you be posting your correspondance on this BB?
I for one would be more than happy to see the results of your contact and find out if it has any effect.
Just buy when the price seems favorable and keep for the long game.
Long Term
Doesn't always work, but those of us who were invested in Hurricane will know the pain of AIM stocks.
I was lucky in Hurricane and came away with over £60,000 profit some of which has come into PM. I'm hoping that my small holding will generate a profit as well, .... eventually.
,
I just tried a sale of 1,000,000 on HL and got an "unable to retrieve a live quote"
Not that I want to sell at the moment, but it gives an indication of the appetite for shares.
They would accept a sale of 150,000