Member Info for SirBob

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!)

The moral is, use the filter button.

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!

Yes, good find and comments Bowley.
Thanks

What are you saying is strange?

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….

How many shares you got Hamm? I’ve regrettably got just under 3m……lol

Use it guys, makes for much better reading.....lol.....you know who i mean

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.

Share Price might suffer moving forward as we edge past three months MB quoted….will zoom back up if LP granted, but belief will start to be eroded from here on in if no news very soon.GL all

I’ve always suspected MG delaying production until refinery ready…..am a bit more hopeful on mining minister comments, but to date not much Mike Buck has said has come off since oil discovery…..bar a very dodgy placing!
Good luck all

NO, it spells one companies taken over another.
So our business went with it……simples

I have to agree with Doc on this, I’ve nearly three million of these shares, but
To date I struggle to think of anything Petro matad have come through on since the oil discovery……bar an over generous placing to directors and major shareholders…….I try to remain optimistic this will be the year, but like most Aim it’s a gamble…….one thing is for sure I’ve seen so many 50p parties talked of over the years Range Resources and Red emperor spring to mind……although in fairness they never hit the black stuff and we have - same hype machine though.
Good luck all

Who knows, this is AIM stock and as we saw with last placing, corrupt as heck. These Things occur on AIM. We get land permit and could be good, but doubt I’ll be around at 30p as I hold 2.75m most at 3.1p, just over 90k worth.
Let’s hope this Land permit comes through asap, then steady rise until spring

How pathetic to discuss a placing at this point .
On obtaining land access we will be a producer earning daily income via the equipment we have already bought……..and we still have 6m in the bank.
My bigger concern is land access coming off, as so many let downs before…..but if we do, a rosy year it should be and my huge 91k gamble may actually come off.
Average of 3.3p…..so let’s hope all Mike says comes true for a change and no global factors have us over again.

Well that was hugely disappointing