Focus on INVESTMENT - Trader Like Uncertainty / Investor Like Certainty19 Dec 2023 06:19
Header say ALL - what is 1 RNS that move us from Uncertainty to CERTAINTY - RNS for final signature by Provincial Authority.
We know REAL PROGRESS made, is COMPANY MAKER and could come any day.
For me MAJOR DERISK happen with Cabinet Approval - this tell me all CLEAR at HIGHEST LEVEL. This is MOST important thing and final signature MUST follow.
Until then small volume move this. Can see how even single big holder can sell a few 100k of his share to drop price. When CERTAINTY come with RNS (which must) then LARGER & LONGER TERM position will happen.
Price manipulation not so easy then and INVESTOR FUNDANENTAL start to take over.
Quick summary (please filter if you want):
- Asset with 7,000-10,000 bbl per day plan for development in 2024
- Rest 3 Billion field in Block XX extension
- JV with DQE for fast / low cost full field development
- New Blocks
- Renewable explosion in Mongolia with increase in Govt level / Bank financing
- JV positioning with foreign companies due to in country experience
- FULLY FUNDED until at least July 2024 (believe it not).
There is something else also but again will not discuss until after RNS
While some people play game on BB I build up holding. Have very good idea how will develop and as INVESTOR very confident in investment case & Management strategy/ Govt relationship.
Some people do not understand importance of direct Provincial Authority meeting tweet on Friday after direct MMHI / MRPAM talks - think this all Rubber stamp now.
Also FUEL CRISIS and today headline about how 'China will not increase export quota for rest of year' after Mongolia did get EMERGENCY import from them.
Little trader make adventure here with flip flop posting / better investment other place and all this BUT Investment case here VERY STRONG if person analyse clearly.
Your money make own decision - my share is collected & safe.
Be WISE 🦉