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See header & check chart for yourself.
Price rise fast from 3p to just past 6p. Then drop back to 5p.
Then HARD breakout
Check & will see :)
People do not know if Special Certification sign today. Was 25 topics & only few get reported on.
Could be RNS tomorrow do not know.
Tomorrow or not one who already hold sleep well because CONFIDENT price will go back up through Q2 & news / breakout hapoen any time.
Happy & no sweat :)
Does anyone know ALL topic cover in Cabinet Meeting today ;)
Be Happy :)
This time there will not be any hard break out unless we get some concrete news and nothing equivocal about it. The market will not take another come dance with me and i will promise the world line. So yes could have a breakout with news alternatively we could have a further fall in price. I am not sure was the market cap is for a company that has loads of oil and completely unable to access it. I would love to proved wrong with a humdinger of an RNS next week probably.
Read header & check yourself. It say all. Last time breakout with no news but anticipation with this time MUCH more newsflow we can expect.
April RNS VERY different with Mining Ministry take DIRECT control from MRPAM and submit Docunentation for Special Certification
Think clever one (not sneaky) know this :)
No district level permission but STRAIGHT to Special Certifucation whuchvexpect any day now
Holder sleep happy but non holder sweat bucket of miss opportunity :)
Its very simple . You're either in it to win it or you're out and about. No two ways on this ride.
Stop ranting about who said what and when.
ATB
April 3 RNS
-Special Certification
-All Documents already prepare & sent to Ministries
- Project of National Importance
- Mining Minister said will get it done
- 2nd Tranhe New Licence Block need Foreign investment
- Q2 Velocirapror spud Approach
- EXACT same pattern before last breakout
- Fully funded
- Velocirapror 2 drill fully funded as well
- New Block RNS
Think good enough to sleep well if have share. Sweat a bit if not ;)
Be Happy :)
Mr Ibiza they send Special Certifucation document to all Ministry 2 year in advance?? LOL
Do not think so & think truer logic is "1-3 month sorted" by Mining Minister was enough time to see if could do at local level - could not
Now straight to Special Certifucation via pro Business cabinet.
Think this is much more logical then Ibiza think this or that ;)
Govt want revenue as well to be happy :)
As WOS says,
- would they be pushing the paperwork 2 years early
- cash now (albeit reduced a little) vs cash starting in 2 years?
- ramping up production from Heron will take time - how many wells are we talking?
- finally. How many years production from Heron? So what % thought the refinery and how much not? Given the point on production ramp up I think we are talking about more than 90% of the oil going through the refinery. So in the big picture how much money is lost by pumping a little of it now and selling rather than waiting to send to their own refinery?
So delaying till the refinery is ready - nup don’t see it.
Came across some ridiculous comments today. Cannot believe some people can be so dumb...
MG delaying LP till oil refinery is ready ?
And comment about people vote ?
Answer is NO to both.
Half of the entire Mongol population just lives in Capital - Ulaanbaatar. Rest are spread across the country.
Heron Oil will be trucked to same Chinese refinery where Petrochina been trucking their Crude oil for the past 20 years from Block 19 and 21. Trucking costs are only US$8/bbl (from memory).
Oil transport pipeline should be ready around same time early 2025 when new Oil refinery is ready or even earlier.
Think time to read that Telegraph article again i posted earlier in April. Will post it shortly.
Also once Oil transport pipeline is up and running,
Cost / bbl should fall from $8/bbl to somewhere as low as $5/bbl in my view due to economies of scale.
Heron crude oil would then be re-directed to the New refinery via new Oil pipeline.
Heron-1 flow rate of 800 bopd exceeded management expectations due to excellent quality of oil and flowed naturally to surface.
Peak production estimated as 9000 bopd could also exceed expectations with may 10-12k bopd.
Will see once they ramp up production at Heron.
MisterPositive: “Came across some ridiculous comments today. Cannot believe some people can be so dumb...
MG delaying LP till oil refinery is ready ?
And comment about people vote ?”
So that last point obviously aimed at me. But the fact is, the central government could have just bypassed the locals/local government already. It hasn’t. It has asked it to have another think. Why? Because it’s potentially a vote loser.
For me, while it might be 90% done that the central overrule the local government, it’s by no means certain.
IMO.
But of course, we’re not allowed to have an opinion on here if it’s remotely negative.
DOC I don't get you. You could've sold at 6.3p and walked away 20% better off.
Why are you still invested if you are not certain
Because he believes in the company but would like tongave an intelligent conversation about the pros and cons would be my guess...
If in doubt stay out . Why waste your time here if you are not confident.
Why not put extra hours at work and earn some money instead of getting a good ****ging off on this board.
Master, I’m not sure how many times I have to answer the same question.
Something can have a 20% chance of succeeding, but if it does, potentially 1000% upside. So good risk/reward.
I don’t want 6p. I want 15p, which I think is achievable if the LP ever arrives.
Even I thought back in December following the “my mining minister mate has told me 1-3 months from October” that we’d have the LP by now. But the continuing delays are highly concerning. I won’t be selling for now, because doing so and seeing it go to 15p would hurt me more than continuing to hold and it falling back to 2p.
Or... if in doubt stay in, but reach out to the few on here who are able to have a debate.
Debate about the same stuff that we all know answers to. You guys don't have any new topics to discuss and you don't have any viable proof or any info to back your argument about PM LP.
What you talk about on here just doesn't make sense.
People with brain would understand that you boys are spouting nonsense.
Master - equally, you don’t have proof that LP is definitely going to land in the next few weeks, or that my September prediction is definitely not possible.
99% of the discussion on this board is the same old things being regurgitated over and over again. Especially from our resident ramper extraordinaire WOS. “Header say it all” and all!
(Very) Hard Breakout(s) if party without feather for Ministers happens....
So instead of deja vu posting 50 plus times here tomorrow Mr WOS, please focus fully Sir on organising party instead!
FACT. The company was told to go back and try a SECOND time to get the LP after the refusal.
FACT. No communication about THAT outcome has been received as yet.
FACT. We're told to try for another go IN PARALLEL with purpose certification request.
If you doubt me just listen to the company's official media videos. The words are out of the mouth of our own CEO!
(Its pointless reposting the FIRST decision in the December RNS. We all know the first request was turned down).
Stupidly pointless ramping header saying EXACTLY same breakout pattern as last . Utter drivel nonsense that these things repeat themselves and that predictions can be made from them.
It's not astrology ffs !!!
Also utter nonsense saying "we often get an RNS on e.g. the Friday after a bank holiday (or whenever!) .... so therefore we should get one soon".
RNS are submitted when there is something to report that may materially affect the share price.
Absolutely nothing to do with repeating previous patterns.
.......... Brains?
So ... EITHER the granting of LP by local govt OR central govt special purpose cert will get us what we need
So TWO routes to success still open to us.
We only need one agreed and we are off!
Ps for those slow to catch on .... this is GOOD NEWS.
(Local approval of LP at 2nd submission would be the quickest route to success).