Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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With respect I don't agree Professional. It is personal with the Dornod Governor.
I am also now convinced that the activists are paid by him.
How can three well fed and well manicured individuals survive living in very nice city apartments but with no discernible job to pay for it or stopping them causing mayhem many miles from home at the drop of a hat? Then the fb storyline of them 'storming their way in' to the governor's office, resulting in a professional looking televised interview in response? Completely staged imo!
How can the government allow one man, operating at a lower level to government, to thwart their will?
I have said before that i do not think this is the case. They use him as a decoy. The new way again a means to delay further . Imho
I think MB see that as well and it makes sense (for company not shareholders) to go for renewables. He will need capital. Imho
Mr Wise Owl or Bird Brain? Guess we now have our answer...Bird Brain!!!
The single positive in the RNS
The Ministry for Economic Development, which is in charge of stimulating foreign investment in Mongolia has been very active on this issue and is preparing a submission to Cabinet to attempt to remove the obstacles to completing the process.
How can the government allow one man, operating at a lower level to government, to thwart their will?
Master, I agree. I wish we could get rid of MB. Useless he is.
Exactly, now most would not expect any news for the next 2-3month.
People have been left holding the bags for a bit
Well at least you will have something to do for the next 3 years BP and it's a relatively inexpensive hobby for you as key boards last a long time. Don't forget you are much loved on this BB for your special qualities, the special one!
In future YEARS..
.sounds hopeful
CJ i am going to guess doubling of shares at 1.75.
Imho
I’ve been barking here for legal action for months now. Follow Magnai Trade and claim compensation so this never happens to any other company. Had MB finally realised the useless man.
“ at the same time, is looking at any legal recourse it may have if the central government fails to rectify the situation and so delays operational activities in future years.”
“
A MB special! His RNS' have such a devastating effect on the SP.
My long post deleted by LSE.
So many of my fears confirmed. I thought MB had stated the money had been paid to the ministry of finance for the herders. It hasn't been.
No mention of operating cash. Probably for the AGM.
This is a mega download of foul stenching news before the AGM. It won't calm the SH anger and frustration.
Masters, instead of calling for an online poll regarding Mike Buck, how about you twittering David Cameron? You have a good grasp of the situation and are on twitter and could have some actual influence if you contacted him about Petro Matad's plight
When already known information is RNSed it usually means that it will be a while before any new information is forthcoming in an RNS.
MATD would have been better to say nothing
Researchandhold said //BP is like a stain on humanity//
//I suspect late summer.//
I agree - late summer of 2027 !!!!!!!!
Un amministratore inutile
This RNS has cleared up a lot speculation, the oil can has been kicked down the street.
Power and politics (given elections in June) are having a significant influence on the ability of local ministers and central government to take matters forward and sign key documents. PM may have to dilute, they may have to seek legal council but please remember the oil refinery that will require oil stock from the Heron well. Petro Matad will get the oil out of the ground I suspect late summer.
I think we need to get voting on here to show MB how popular he is.
How many think MB is a useless CEO.
Regards Fund Raising / Placing / Dilution / More daylight robbery of PIs....
How much do we think MB will raise? Place your bets....
10 million?
20 million?
4.2 million?
I guess it depends how much he needs to have fresh marble installed on the floor of his 2nd or 3rd property? Perhaps he fancies treating himself to that saucy Lamborghini Diablo he's had his eye on for a while? Perhaps he just wants to top up his pension pot.. and book a 6 month cruise to the Carribean..? Rinse, repeat, rinse, repeat. It's easy when you have people like WOS helping with the pump and dumps...
So what's the placing going to be? Hang on, WOS will know, why don't we ask WOS..? Wasn't it WOS who said next operational update 6 working days away, 1 day ago, 7 days before, but not on day of winds blowing across second field in Mongolian, outer agricultural area number 6542, something like that. And "guaranteed multi bag, many times of current SP. No worry, be happy, be wise, great investment (insert Yak)"
What's the point to the AGM now, all resolutions passed, see you in 3 months time after the elections. Thank you and good night 😴 GLA we sure need some.
...held in June I believe.
Seems likely that nothing useful will get done/agreed/signed before elections are held, sadly.
After that there is hope!
Researchandhold said //BP is like a stain on humanity//
//I do see Petro Matad as a 'ratchet' investment.
From 7p last summer to 3p now?
Ratchet? More like "RAT S**T"!l
We get it Recession20, what's the point of trolling?
Sad.
With local land use approvals progressing for 2024, Petro Matad is making preparations to complete the Heron 1 well. Contracts are in place with service providers and timing of mobilisation is under discussion. Talks with PetroChina Mongolia are continuing in order to have offtake arrangements including transport, processing, export and sale of oil in place once the well is ready to produce
Reading between lines in the RNS this part :
"We will buy ourselves a long-delayed operating window with the local approval for 2024 if we can get it, but we do not want to go through such a process every year."
The word "if we can get it" 🤔🤔🤔
DYOR
YOUR MONEY 💰 YOUR CHOICE 🤔
I do see Petro Matad as a 'ratchet' investment.
At each and every stage it does move incrementally forward and never actually slips back.
You need ratchets to overcome persistent resistance if you want to move things forward.
It's slow but going in one direction and is preferable in my book to all or nothing Wild cat drills.
No one has ever said getting Rich investing on AIM is easy but I do think this one still has tremendous potential.
I'd rather not have to wait until 2025 with likely dilution but if needs be and I'm given the opportunity to partake in any raise then so be it.