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You’d have 75% of Board filtered……all these experts who have more insider information than Mike Buck - even he hasn’t given a revised time line for Land permit , unlike so many on this board who inform us it’s imminent……
I’m confident it will come could be days could be months….that’s the reality.
A rise should come with drill anticipation though, usually does ….
Doc83, I agree. Nothing fundamentally has changed, but there is usually a rise up to a drill and as we approach the second quarter it’s probably due to start around now. I’d guess at 6-10p on anticipation of still
If we get LP and drill it could be very happy days 10-20? , however the tricky position to be in, is if LP is not here come drill results, as a 1/5 chance of success and a fall if negative and no LP, so decision time if this occurs .
So there will be a mix of decisions from those on board, some will hold till the end (that being LP and oil production ), some will exit on rise to drill and some will exit on LP……on a positive hopefully all should be in a good profit
As usual though LP is the crucial element, it will come I’m sure, just when?!?
Well yes, why do we need them when we have posters posting the same message of guaranteed multi bags 5-6 times a day to make themselves feel better!
Some of those posters even think the all time high was 37p…..not naming names lol……..roll on the new blood on the board!
Thanks for some realism…..I have owl on filter for a long time lol, so can’t see what he’s put.
Overall now the placings out the way you’d hope it would all be good going forward…….my only reservation is that Mongolian govt a law unto itself and secondly this is Aim and it’s never plain sailing…..
That said we have oil, we know the Mongolians want it at some point and a licence will come, but as Landicaams states, a realism needs to be put on potential market cap at this stage.
My expectations are similar and would be over the moon at 15-20p….as I’ve stated in previous posts…..we should see a good rise on drill expectation and the land permit would be icing on cake if it comes in prior to first drill.
Not sure where I ever said Matd will finish in a year Hamm, but I do believe the Mongolians are in no rush to issue a licence and the proofs in the delivery.
As for being a trader/deramper? Why would I when I hold £93k worth in £note value? Discussion boards are meant to hold both sides of the argument……unlike the blatant ramping that occurs on here.
Ultimately I hope your ramping comes true as I’ll pocket at least half a million come 15p ish! Lol
Doc 83. Range resources was headed by a guy called Peter Landau as I recall an Australian I think businessman, it was a huge private invested stock built on lies, continued placings and a lot of corrupt deals done by Landau…..similarities to UKOG and Angus with continued placings…..although more corrupt and that’s saying something when Angus in same sentence…..used to constantly have talks of £1 party on there board, which obviously never happened.
Big difference here is we have oil and I think Buck is ok, dealing with Mongolian govt can’t be easy and brilliant how he let slip, true or not, about licence allegedly coming so we could raise from a higher level here….
Bad Prophet is right in some of the risks he highlights just a bit to deramper like, so it’s ironic the blatant rampers are the ones who call him out!
Good luck all - definitely a chance with this one, we have oil.
As long as you’re aware of risks and potential on both sides and not forgetting the biggest risk being AIM companies frequently rip off the private investor.
But I hope Buck has more integrity than to do that .
Philboro - I gave up, this board is just ramp city…….if anyone should be ramping it should be me with 3m shares…..but I deal in facts.
Talk of 77p and £1 over last few days…..reminds me of £1 parties they planned on Range resources and red emperor and we all know where they are now…..
We will probably have a pre drill rise here, normally do and let’s hope there is movement on LP……then all this great potential might actually form fact and reality…….it’s about time after all these years.
As in understand it we will pay the Mongolian government a percentage for every barrel that comes out the ground, this is one of the lowest rates around hence why Mongolia is so appealing oil wise.
That said the Mongolians have a very nationalist Parliament ie. I.E Mongolian oil.
Secondly they are building the refinery and need oil to justify it, be embarrassing if once built they had no supply, hence why there in no rush to issue a licence.
The years it’s taken speaks for itself……how can anyone argue they are keen to get it out of ground with track record .
Mike Buck imo was very canny in his ‘I’ve been told 1-3 months for permit’ aas ultimately it saved a placing at 1p, by triggering the raise, note no new timescales were mentioned at AGM - funny that - instead the process of writing to farmers has begun……doesn't sound like a quick process to me.
But once again, I hope I’m wrong.
I think very much it’s the Tone things are written in BP.
In your last post it was written less condescendingly.
I have to say on this board people are even horrific rampers or the reverse.
But as someone who invested /gambled 100k on this, I am neither an expected ramper or deramper.
So as said before personally I think Heron has every possibility of dragging on to 2024. The Mongolians have shown absolutely no enthusiasm to get out the ground quickly and the length of time taken would have to be called stalling at its politest. They are getting as near to refinery as possible and why would they want to have to buy their own product back off petrol china once it’s refined!
So long term we should be fine, short term we should also be fine if history repeats itself , the normal rise up to drills.
You then have a choice cash in quickly and rebuy after drill or stay on for the 20% chance of success drill results. If a duster a fast retreat in share price until next drill or licence (whenever it lands). So a sell strategy up to drill, then buy on duster strategy could be the safest bet.
But remember all AIM is ultimately a gamble, be it the wildcat drills or corrupt boards and their self enhancing placings. It’s a gamble no matter what rampers say.
Good luck all (and I hope I’m wrong on land licence as I’ll be very rich if it does come in early!)
Ojay - Are you serious…..the Mongolian government are hardly speeding this through, do you think if the refinery was ready and they needed supplies to feed it theyed be taking this long over the permit? Of course not, There is a large contingent of Mongolians who want to keep Mongolian oil ‘mongolian’ and not be refined by petrol china and sold back to them .
As for for Mike Buck saying he was told within next three months for land permit, I now think this was a very careful plan to raise the share price to raise from a higher level…..than the 1.9p we were at before he slipped that into an RNS….
I genuinely think patience will pay dividends here, either for the rise up to drill or for land permit……and whilst I’m not a damper or deramper - more a realist…..I’ve £92k in this share that thinks/hopes/prays it will come good.
Petrol china will help us as they’ll charge us for the privilidge, simple as that, they are not at full capacity on their pipeline currently so can easily help us.
We definitely aren’t waiting for the refinery, although I suspect the Mongolians are trying to get us as near to it as they can judging by feet dragging with permit.
My guess is permit will come at end of drilling season so they’ve dragged it into 2024. We should however see a rise up to 6-12p in anticipation of drill on second quarter. You’ve either sell then and buy back if a duster for permit issue or take your 5-1 gamble on hitting the black stuff first time.
In a beautiful world the LPermit would come in line with drill anticipation , but Matd is never beautiful!
Found it interesting local govt now showing signs of playing ball, could it be that
Now they see central govt going to issue permit theyed rather do ‘a deal’ at local level to benefit local people rather than have central govt over rule
them with no benefit…..I’ve know many UK planning apps go through if the developer does something in local community, so must be even more rife in Mongolia ……so with forthcoming drill I see this at 6-12p, with land permit much more……but will it be forthcoming or will the Mongolians manage to push it back another year nearer the refinery being ready so as little as possible oil goes abroad……interesting three months ahead. Good luck all - heavily invested but see both possible outcomes here on the AIM lottery….
Intrigued to see how long it takes for this to be issued now raising finished.
If I were Petrovis I’d of wanted pretty nailed on evidence it was a cert before
Parting with yet another £1m quid.
As for the comment ‘no-one cares how many shares are issue’ - I think they very much do! Lol.
Indeed that will dictate how high our rise is, and there’s been a fair amount of dilution since we hit 30p+ last time.
So will be interesting to see where we do get to once news starts dropping in….
18p would give me half a mill…..but would I hold my nerve that long…..interesting times, good luck all.
A few in here questioning why MB didn’t raise after Land permit.
Simple reason is AIM is corrupt and this is now the second time the
Board and major shareholders can secure low costs shares knowing
The LP is only weeks away and fresh drills months away…..share price
Should be multiples of now by then, although I’ll be surprised if as much as
Some are banking on.
Could be worse YOURGENE issued shares to board and major shareholders the other month at 0.1p when share price was 4p, decimating share price now .35p.
With Matd All in all around a 15% dilution Approx I think, so could be worse.
But just shows in Aim, not just about how company performs but how currupt the board are, as absolutely no-one to answer to.
I hold just shy of 3m shares here at 3.1p, so optimistic of still a good return particularly as Petrovis bought shares in this fund raise.
We’ll all find out within three months most likely! God luck all and let’s pray for no more dilution in medium term.