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There is no end to permit permissions if this is approved , something else will crop up. God knows when PC deal come leading to rise in SP but in the meantime SP is towards downtrend. By the time PC deal comes if it happens if we are lucky there will be another excuse to raise the funds for Gobi explorations and green projects. Let us hope it comes to some conclusion soon otherwise we have to wait for long time to recoup our losses.

In my view it is always sensible if you don’t need cash sell half of your holdings! If it goes up , you still gaining and if it goes down , then you can decide to buy when is on downward trend! Sometimes it works in your favour and sometimes it doesn’t which is always the case.

Furious! Sold half in the morning and it is motoring! It is always the case when you sell , it goes up and when you buy , it goes down often! I can’t figure this out, it may be the definition of luck Isuppose?

I sold half of my holding because September and October months are sometimes have downturns, but let us wait and see if it happens we can buyback?

Let us hope explorations in the Gobi leads to vast oil/ gas otherwise we are doomed!

Let us hope the last bit of paper comes and mist is cleared but in the view of past history of paperwork? It is never ending and red tape will continue! Government should be thankful to MB of oil exploration but instead of to coming to his assistance, they create every possible obstacle! What a country and goverment, unable to understand?

Stas20: You are right , there are no shorts!

We poor retail holders have lost on the hope of oil production. God knows when oil will out and if it happens , will cover hardly expenses and raise again some funds for new ventures. Large shareholder and MB makes money by delivering wonderful news of oil and new ventures, leading to price rise , they sell , make bit of money and wait to raise funds for oil production and New ventures and so on and it will continue until substantial oil find which is possible but chances are very slim.

Agree stats 20! MB has found a gold mine in the form of a petromatad and he will continue to have luxury life style and making us fool all of us giving new hopes and lights in the form of searching g oil in vast Goni and exploring green energies.

Let us hope one day miracle happens and some oil flows and new discovery is found and we recoup our losses?

It is on going thing all the time and will continue e.g. some local issues, permit issues, and next year for sake of new ventures like green projects more right issues ? Even if oil flows through next year

,it will cover expenses if we are lucky.

Lesson is always invest in ftse 100 stocks to loose not a lot at least?

True, same old repetitive stories, they will never end it seem, from approvals, explorations and new venture green projects without any conclusions and at the end if any oil flows, it will cover hardly all the expense .

Risky to buy because debt to equity ratio is very high! Perhaps in the near future thru raise more funds for developments for EV versions.

Let us hope master you are proven right of having oil in H2 and subsequently with bit of luck in Gobi etc.

It seems you are thinking on the right lines . Most of us we like to see rise in SP but it is not happening because all the news reflect in the SP. SP will rise only when there is new oil discovery e.g. Gobi etc. Forget about the green saga regarding exploiting green projects, because it is a big excuse to raise new fund and keep company afloat.

Anyway let us hope for the best and will be happy to recover our losses one day, but God knows when?

It is a matter of time when this goes into administration, We lost of our money and it is a lesson not to invest in small AIM ventures.

Don’t believe Deutsche brokers they have their own agenda for e.g supporting short sellers. First they downgraded on 12 th of August to 110 P and now on today 23rd of August still downgrading to 110 pence. What a joke!

You are right master! they open their eyes when these issues come along! It seems everything priced in regarding Heron oil flow as a market rule because it is known factor! All the bets on if they find new oil wells in Gobi?

Approval processes has never ending!

Please note the approval process for the construction permit required for installation of the facilities is at an advanced stage.

Everybody is dreaming this, let us see it will be fulfilled shortly but on contrary SP is telling that it may take quite some time.

Let us hope it goes to mid 130’s before update , and if it is better than expected , then there is probability of shorts closing giving rise to 140’s

Yes of course , it looks wonderful on paper but problem is when you will get oil out ? and what quantity? And perhaps their is some uncertainty which is reflecting in the

SP. Green Hydrogen project is very shrewd move to keep investors in and excuse for asking more funding and so on which is going on for years.