The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Quite right CandC, when have the Mongolians ever rushed this through.
I bet if the refinery was opening this Spring we’d have had the permit a long long time ago…..
If we hit on our next drill we may be waiting for an exploitation licence and a land permit on two different sites!
That said and the counter argument, is how can the MG expect people to bid for licences when they have a record of not letting people get the oil out…..
So an interesting situation all round.
Personally I think we’ll get permit at end of drilling season so they push us back another year nearer refinery completion……but I hope I’m very wrong. This will come good, but oh the patience required is painful….
Personally I believe MB mis lead everyone purposely on the land permit.
He didn’t want to place at sub 1p, which would have been the case had we not seen a share rise on him slipping in 1-3 months timeline for LP ……he then carried out a placing at much more respectable 2.5p…….seen much worse lies/manipulation on AIM - well done MB I say.
I filtered Wos and I’m not rich ages ago.
I’ve been trading oilers for twenty years and same old posts, same old ramps,
£1 party rears it’s ugly head now, a Range resource favourite (where are they now ?)……
I’m hoping for a rise up to drill , if we can hit 12p I’d probably sell up, hoping LP will come before drill starts and if it does 15p plus and again I’ll be out, pays not to be too greedy in AIM, as ultimately AIM is corrupt and if company doesn’t fail you, directors and major shareholders will shaft you.
Remember - filters your friend .
It says to me Master that the meeting was adjourned last time and a vote arranged for today ref your info.
On a positive it would appear the MG and Matd are still Charging ahead with the dual central government route to stop more stalling.
The locals I dare say can see it possibly more beneficial for them to be Accomadating/accepting of it, if it’s gonna happen anyway.
I believe both the MG and locals benefit financially if we produce oil.
Let’s hope we are in final stages at last…..
Master82, I read your time line and good research.
I don’t however see the relevance of the locals meeting on the 6/3, surely it was rejected again here, as if it was passed we wouldn’t need the govt issued LP, as the problem currently is the locals objection.
It’s my understanding that if the locals approved and let it go ahead, no need for govt intervention.
Please explain from your point of view . Thanks SB
Few good points, firstly as said, surely Mongolia have to give license soon to keep any credibility as an investable country.
Manro also right in saying we could end up in a position where we hit oil twice and can’t get any out of ground due to no LP and awaiting yet another exploitation licence in the other….let’s hope your right Landicaamans and MB does have his balls in alignment…..
Agree with you on pre drill rise pattern , although it does sometimes drop near spud as profit takers bail out……I may be one if no LP by then, but hoping we get LP and spud combined rise…..either way by this time next month this will have developed and hopefully be in double didgets, exciting times
So we are currently in the pre- drill rise phase of this share, with a few drops of possible pending LP coming in……pre drill I think should take us to 7-10p…..
But then decisions for holders start….if LP lands before drill happy days.
If Drill goes ahead and then dusts this will fall heavily, and we’ll once again be waiting for LP.
If LP and strike - we’ll all be loaded……. But decisions about entries in and out or top skimming are going to be tough calls based on all different variables…
Let’s just hope LP lands sooner rather than later as few clues in Mikes RNS as to timescales in this Mongolian government .
What I really don’t get with the Mongolian government is there constantly on about attracting foreign investment, yet they continue to delay a foreign companies progress, surely any company looking to invest would point to us and say ‘well you’ve not helped them, so why would I invest?!’…..frustrating
As I recall wasn’t the rise to 35p due to Matd partnering up with big player BG and all looked rosy……Until Shell bought BG and didn’t want to produce on so many fronts so pulled out of Mongolia and paid off Matd 5-10m as I recall.
We’ll have news soon enough, looks increasingly likely drill will be in late May or June given we are biting at heels of April now.
If it’s like most Oilers this should see a rise to 6-9p…….maybe more.
So even though not holy grail LP, a rise is still on cards and fully funded.
Choices choices coming PM investors way……
Once we have drill date we should see a rise to 6-9p.
If LP, sky’s the limit, if no LP then drill is a duster back down it comes…..
Gain a belated LP back up it goes……
Drill a strike, mega money (although another long wait for exploitation licence?),
So they’s money here whatever I think, but the gambles when or if you get in or out at various points.
Personally,If no LP just before drill I’ll sell half and hopefully bank profit off pre drill rise. I’ll leave the rest in case we hit or if not for LP to arrive which it surely must at some point or who would invest in Mongolia !
In ideal world, LP soon before drill giving rise, then drill anticipation rise.
As for the three months ministry of mining conversation, I still think conversation never happened, just a MB plan to raise SP to raise money at a higher level - clever!
Lol……well yes, a none producing oiler being dragged down - even worse!.
But I have it from ‘reliable’ sources on this board who have more intel than Mike Buck that LP is imminent .
I’m with Doc, it will come, but could be days, months or years away, we simply just don’t know …..not even MB has cast a new time line on it
That the meetings for what we think it’s for…..indeed meeting outcome will be out before it’s officially released via word of mouth.
The rise it will being will be intriguing, a disappointing rise on finding oil, a short lived rise on exploitation licence, but is this not the final step and will finally see a sustained rise , helped along by drill anticipation!?!?.
20p would be a market cap of 250m…..certainly not impossible…..GLA…….
Badprophet even with my huge holding here I do find your posts funny as an antidote to the blatant rampers on here…..certainly a devils advocate question wise…lol…….although I would buy in now if you haven’t already lol
I see as well as your ramping you’ve taken to name calling various members of the board also. I shall not stoop to your level.
Never said meeting wasn’t occuring, merely that agenda is vague and does not state anywhere a vote or discussion of land permit is occurring.
2,800,000 shares mainly at 3.1p and a few at 4.1p, so hardly a shorter, possibly the largest share holder on here.
But I believe in any potential investors being given the pluses (which there are many) as well as the minuses (which there are a few), so they can make an informed decision……
But the rumour they’re talking specifically about issuing Land permit is pure fantasy of the rampers on this board.
We can only hope they are…..we could do with an RNS really as we approach the second quarter even if no land permit updates , drill news should give this a push in the right direction.