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Wigster: "They've achieved giving a bit of balance to the constant stream of overly-positive baseless drivel from many on here."
Says who - you? Well then I hope it has made you happy.
I for one can't identify any "bit of balance" - only pessimism.
B/p you and your "death wish": Hope you feel better referring to that time and again and again and again....
Roxy2020 - That is from the PM-commissioned Progressive Equity Research note dated 2nd May 2024, following the company RNS of 25th April. Their RENAV of 23.6p is interesting...
Researchandhold said //BP is like a stain on humanity//
If Ojay gets his wish I'll be dead before I earn a shilling from PM, no wonder I'm "pessimistic" although I would call it being realistic.
As far as achievement goes what, pray, have the rampers achieved except to forecast false dawns & give false hope to the gullible?
Folks .
I came across this article earlier which I thought was worth sharing. Worth a read.
Petro Matad’s renewable energy joint venture is making progress on two exciting projects. On the Oyu Tolgoi gold and copper mine (where Rio Tinto is the major shareholder), a MOU has been signed between the mine owners and the Japanese Overseas Environmental Cooperation Centre (OECC) for the supply of green hydrogen (which requires renewable energy) as a fuel for the mine and to help decarbonise operations. This MOU could see grant funding of up to 40% of the capital expenditure requirements for this part of the project. SRE has also secured approval of a feasibility study (from the Ministry of Energy) for a 50MW Battery Energy Storage System (BESS) at the town of Choir. This would help to cut the amount of coal used in power generation and reduce the need of importing high-cost power from China and Russia at peak hours. This is the second such BESS project in Mongolia, with the government looking at further projects around the country. SRE would be well placed to participate in other such projects. These developments amount to exciting progress for the JV, which was only formed in Q1 2023. ▪ Slow work on land access. Petro Matad provided an update on obtaining formal approval for State Special Purpose certification of the exploitation area on Block XX. This process has been held up the Provincial Governor’s refusal to sign off on the government’s Tripartite Agreement. Little has changed since the last update in March 2024 and the local land use approvals are still being pursued. Once in hand, the local land use agreement will allow the company to complete the Heron-1 discovery well as an oil producer. The company has contracts in place with service providers and timing of mobilisation is under discussion. Management is in discussions with PetroChina about offtake arrangements (covering areas such as transportation, processing, export and sale) of oil produced once the well is ready to start production. This would be good news as it would allow Petro Matad to start generating cash flows that would be used to grow the business. ▪ Valuation. Our RENAV (Risked Exploration Net Asset Value) stands at 23.6p/share. We believe that the resolution of the land access issue will be a step forward despite the delays to State Special Purpose certification. As management starts its work programme, better clarity will emerge on the valuation. Management will
They've achieved giving a bit of balance to the constant stream of overly-positive baseless drivel from many on here. Yes, this may not make a substantive difference to theirs or others' investments, but I see it as healthier than just getting one "rose-tinted" point of view. Maybe pessimistic is the wrong word and pragmatic would suit better?
Wigster: And what have those "spot on pessimistic ones" achieved?
Looks like you didn't get my point.
Actually, it's been the pessimistic ones who've been absolutely spot on with this share... That's the bit that irks a lot of the people on here, who think that "head in the clouds" positivity and wishful thinking is enough to make their millions.
Totally agree Ojay. You got it spot on.
100% agreed, this is what badprofit and doc are doing just misrebal losers
It just gets on your nerves - particularly if you don't do anything about the critisism you express.
I keep thinking: what are these posters trying to achieve?
As I've said many times:
- If you're a shareholder your options are very limited (sell, hold or buy).
- If you're a disgruntled former shareholder you're probably trying to negatively influence current or potential shareholders.
That's my POV in a nutshell.
Hamm, remember this time last year when I said I thought it would be September (2023) before all this was resolved, and iamrich quite literally called me every name under the sun for being so pessimistic?
“this is a third world country which is slowly climbing up the ladder don't be so ignorant”
Yes, a lot of us on here are fully aware Mongolia is a third world country, hence why when you use the words “we just need” for the umpteenth time, we know it’s anything but “just” that simple.
Or was a businessman a little bit like Richard Branson, he could live in Singapore or on Bahamas. But he is an ordinary liar and swindler, living off the money of someLTH - idiots who, even after 6 years unable to understand that they were sheared and slaughtered like sheep. And these sheep are the whole problem, as they are the ones who allow various swindlers to shear and slaughter them. Instead of standing up and trying not only to stop the robbery but also to punish the crooks.
The way you keep saying third world country sounds you are talking about aliens!
We are all human beings, more or less the same interests, greed, jealousy etc.
Should I remind you that we have been waiting for 5 years and still begging to get the oil out!
MATD managed to spend millions, what does that matter extra payment (if we must) for MB to live in Mongolia at least for the time being till he gets land use sorted?
Tell you what, if MB presence in Mongolia doesn't have any affect on MG then I wonder why do we need him?
If he was in Mongolia he could have had a chance to see David Cameron which would be a help! He doesn't live in Mongolia therefore he doesn't understand them. Unfortunately the bods have been useless too.
Mind you if it is a third world country then Petrovi could have had an influence to pull some strings, have they? No
Please tell me what would you say if we don't get land use by the end of June?
What about end of July? When would you say MB should start criticising MG loud and clear with no hush hush attitude which makes every shareholders seek!?
Buck living arrangements will not matter a zilch on the landuse and all the admin that has gone past, the only think that would happen is we lose more money by him getting another r residence on our share holder money
MG will not budge an inch of pushed infact may delay it further if they get annoyed or questioned on their authority, this is a third world country which is slowly climbing up the ladder don't be so ignorant
Yep to much of a risk, I sold out the other week, this has been going on for years, if it's go ahead just buy back in at a higher rate, if it doesn't good luck on the drop....
Cyber I always tend to agree with you but on this point I think you have to say Mr Buck not in Mongolia dealing with these matters personally and getting the matter resolved is not right.
It gives a bad impression to shareholders and others dealing with MATD matters on a project that is delayed by at least 18 months or slightly more.
Do you think uk Ambassador in Mongolia can live in Singapore too if she prefers too?
Can london mayor be resident in Wales?
Cyber, this is important year for matd. If we don't get land use this year and we are already mid year then we are busted.
MB should stay/ camp outside the ministry if needs too. Can't you really understand that his presence in Mongolia is very important?
Unbelievable.
Hamm, why do you keep saying and even think buck should live in Mongolia l, he can live where ever he wants, he can't spend his life outside the door of the ministers just for a permit, more to life mate, I don't live at my work place or if I had a business would,
I don't see you or any other share holder going down to Mongolia to help out with the misinformation by the protestors ?
Nandl yes but holding in to something some one said in a BB is a bit to psycho no? Plus he gives as much as he gets
Cybertrom, ReasearchandHold called him that once on one of their posts that’s why he keeps this as a strap line.
WOS,
Is it acceptable that MB as the CEO lives/stays at this crucial time in Singapore?
Do you think Mongolian authorities take him seriously if he isn't bothered to stay in Mongolia?
Is Mongolia below MB life standard?
Why MB doesn't live in Mongolia?
Is there any physical office for petromatad in Mongolia? If not then why not? If yes why doesn't MB isn't there every day?
please don't dodge the question. Yes, his residance is very important.
Mr Mom rit - some people will say what use is his estimate? No problem.
But you ask me question & answer is in this H1 2024 forvreaons I give before.
🦉
Nobody has a clue where this is heading.
That's partly due to very poor communication from PM and the boards chief sitting in Singapore waiting for some magical white smoke emerging from a tent in Mongolia .
As long as this saga continues we all have accept this is a true case of bread today jam tomorrow