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The fb post that Master linked yesterday got me thinking and I thought I had seen it already.
Master our block is NOT in the grey area of that photo on FB!
But!
The coordinates that you provided (46°46'51.3"N 116°08'17.3"E) are in the "newly" zoned regional special purpose territory (hatched orange zone). ("newly" because I don't know when they updated the zoning, could have been months tbh, but I think it was recently)
So I guess this is the confirmation we have waited so long. RNS should confirm it in the coming days (maybe months who knows).
Source: cmcs.mrpam.gov.mn/CMCS#c=Map
ATB and as always WMBM ;)
Master,
you can easily translate the picture by screenshotting and uploading it in google image search and then clicking on translate.
The grey part means "registered" if google is to believed ( https://lens.google.com/search?ep=gsbubb&hl=de&re=df&p=AbrfA8oWPqSh67vAOyCvvn7e18tkQXYRyn2BNWccSf9OyaliiCeDsVOQ1HiMdzGHeXiBy_BB05-xH7XtN8IFZHE4NICOQGIqNtjo_IryXY9XjRyHkqus3Xg0Lfj7-wnHGbo9i77Rve3Z-qYqosqSOmYxQxe-5RQ--OhVUn6GEuN9ZizYy-uJcIv_VYBKemClJ_jGyEcQ_9kSc8d0rzwzOyVdbU_qSiFDwBJyqwPbhPePnp_TK_VSo913ED6sAGI-Mo8yZNQbLTjduyoZyZpfCIWx7476Ib-CJdZY1y4_2GaVrW2lOdATCP8ETrZ2C4K-elposrN8FZGz6psb#lns=W251bGwsbnVsbCxudWxsLG51bGwsbnVsbCxudWxsLG51bGwsIkVrY0tKREV3TURVM056aGxMV0V4T0RndE5EQTFaaTA1WldVd0xXRmlOemt5TXpJMlptVTBPQklmYjNsVWVEUTFiRTB6VmpoUk5FWXpjRVF5ZGpoaFkzVjFlRmN4VGpGU1p3PT0iLG51bGwsbnVsbCxudWxsLDMsWyJhdXRvIiwiZW4iXSxbW11dXQ==) dont know if this link works for you guys as I uploaded the image locally, let me know
I also tried to overlay this picture with a PM picture of our block and it seems that at least part of our block is registered.
I want to overlay the exact location of our well but I am unsure which it is are the coordinates 46.86381130172804, 116.19490537272615 the right ones? on the Google satellite maps everything looks like a well.
GLA and be patient
BP aren't you against calling names?
Instead of taking the L, you'd rather be seen as a Liar instead of a guy who lost 20k quid, seems kind of sad to me tbh.
RH no need to thank, It wasn't time-consuming at all. 1-2 Months back BP spouted such nonsense that I got the idea to check back what he spouted when the share was at its lowest. It is very easy to find that stuff if you just edit the HTML to a higher pager number instead of clicking only on the next available pages (which only goes +/- 5). So all in all not more than 5 min.
I didn't need to show you off BP, but as I said you wanted me to, with reporting (and therefore deleting) my slight jab against you.
You are not a clown you are the whole circus.
PS: ChatGPT would call you: "The Stain Spectacle" or "The Marvelous Stain Circus."
The marvelous stain Circus is too fitting xD
"I'm OUT - sold on Friday at 1.75. 65% down but better than the total loss this will become. Couldn't take any more BS."
posted on the 20 Nov 2022, which is a Sunday so you sold on the 18 Nov 2022
source: https://www.lse.co.uk/profiles/badprophet/?page=85
you sold right before the share jumped up to 5p (LOL), but let me guess you bought in just at the right moment together with Professional
Thornogson well said!
Hard to say what happens but the fundamentals look good and some profit-taking/trading won't hurt anyone along the way, as you could have made some good money in the past. I am just really skeptical of people wanting out at single-digit prices as I do believe this undervalues the company and its potential.
Doc good one xD
btw I also think it would be crazy to sell early like master always says he would, you waited so many years for a two-bagger?
for me, it really is the question of whether I can bear the wait for the first dividend or not. It will probably take at least 2-3 more years, but hey I am only 25, and thinking about getting a 3p dividend from this is really enticing - after all Warren Buffet got rich by investing in companies that generated/distributed value greater than the initial investment, not by trading them for a 2x when revenue is secured/picks up.
I think everybody should remember how hard it was to buy in large quantities and at a good price (even harder when you can only buy at auctions like I can (IBKR/every swiss broker I have (I know people like to ask)) and if the oil is running we should be printing.
Multi-well program planned, and 2 new blocks acquired looks for me like a good prospect.
I do look at many houses tho so, I really am not sure and I think PM needs a 5 year plan and set goals for what they want to achieve. I think everybody knows that this rodeo we are doing with Heron HAS TO BE a virgin ride with new legislation and not normality.
Heathfield,
You are totally correct. I am thankful for the correction. Sorry for my wishful thinking.
But as a footnote, why did we have such huge losses in 2022? I remember a shutdown for some weeks, but never expected it to be such a worse year than 2021.
Either way unfortunately it is a huge loss and I will be moving on.
Considering 50mil $a are roughly 26mil pounds, I guess we will get only a compensation of 4 pence a share.
"The Company has agreed to provide the following consideration in return for the Acquisition:
(i) A$50,000,000 value payable at Completion, comprising:
(A) A$35,000,000 in cash (Stage One Payment); and
(B) A$15,000,000 worth of Shares, being 600,000,000 Shares based on a deemed issue
price equal to the capital raisings (A$0.025) (Consideration Shares); and
(ii) A$15,000,000 value payable no later than the 18-month anniversary of Completion (Deferred
Consideration), comprising:
(A) A$7,500,000 in cash (Stage Two Payment); and
(B) such number of Shares equal to A$7,500,000, determined by the VWAP of Shares over
the last 10 trading days on which Shares traded prior to the 18-month anniversary of
Completion (Deferred Consideration Shares), subject to Shareholder approval under
Listing Rule 7.1.
A deposit of A$3,500,000 has been paid by the Company which shall be deducted from the Stage
One Payment on Completion. The deposit is refundable in limited circumstances.
The issues of the Consideration Shares and Deferred Consideration Shares are subject to the
approval of Shareholders pursuant to Listing Rule 7.1. "
35 million for the first tranche are to cover our debt/creditors, at least that's what I thought, but now considering the currency ratio my calculations are probably off, and the newly issued shares are also for the creditors rmm has/had. So my calculations are probably too high and we get a lower price. well let's see, but as far as I know, we have around 30 million pounds debt and not A$ so maybe we leave this fully empty-handed.
This is approximately what you get for 1 share.
Here are the calculations:
First of all, here is the takeover bid from that other company. I don't know why we didn't get that information presented, but it fits into the management still we had to bear. https://wcsecure.weblink.com.au/pdf/AUT/02705676.pdf (the exciting part is on page 6)
From that, we can calculate that for 100,000 shares you get approximately this (if you sell your first tranch at the current market price of A$ 0.033 (ASX:AUT))
Base assumptions:
162.04 mil Rmm shares
AUT to Pound conversion factor of 0,52
AUT investor vote on 11. October goes through
everything rounded down
100'000 shares = 3.702789 * 100'000 * 0.033 * 0.52 + 7.5 / 162.04 * 100000 * 0,52* 2 = 6.353,98 + 4.082,9 = 10.436,88 Pound compensation, which makes the sp of this 10.43 pence hence the header.
Would love some feedback if I did some calculations wrong or if my math adds up.
Have a nice Sunday and next time pls somebody else do this (and also share it)
sorry for the late response here is the full transcript translated into English
https://uploadnow(dot)io/s/a226c9ce-9dc7-4998-a18a-4498e58b123b
/Khurelbaatar, Minister of Economy and Development/
said the things I posted earlier btw
https://uploadnow8(dot)io/f/cRxcqF4
is the right one mb