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.. and far from everybody here listen....
...but this not worry wise owl .. as wise owl know that if wise owl fall into bucket of **** .. wise owl not come out sucking thumb !
As long term holder here I have seen most rises and falls. Having bought in when the black stuff was merely a pipe dream to now when it is being primed to flow, I wouldn’t go anywhere. Sit tight and see it slowly rise like the black stuff.
Evening all, there looks to be a public holiday tomorrow in Mongolia, depending on which website you look at, it could be one or three days, so quite likely no news will be imminent. however one of the traditions of the lunar new year holiday is to give gifts. A Land Permit would be a nice gift wouldn’t it?. Here’s to living in eternal hope. GLA
Looks like somebody's getting a bit jittery...
This should easily be 12p on LP, while we wait for heron wells to come in then upwards and onwards maybe hitting 20p plus, once LP lands this secures it and we should see the big boys buy in, that when the share price will be solid.
Just bought another £6k
Those LP's are dropping soon..double bagger in days
Hamm - you've flipped back again!
Good you are happy now. In 5p or so most of the guys would be in profit. Hope whoever is cautious/doubtful sells and clear the decks ready the for 12+ in no time.
Again under 6p for now and 12p with news is too cheap to ignore. It is a truly no brainer.
Good to hear :)
Hopefully we keep moving up!
GLA
Just noticed I am in profit finally woot woot
I hope many are
Onward and upwards
GLA
Up nearly 6% on IG now .... good day so far.
I suspect / hope that once this get's moving, it'll be hard to jump aboard given the speed it will go.
GLA
Spot on Ojay. Very conservative number for sure.
Guys we would all be super surprised when it starts.
Ojay, agreed. I see this as reaching 10- 12p on LP grant ( around late April ) then building to 15p on a Heron 1 simple workover with pumps and tanks .
On DQE announcement of H2, H3 etc etc and winning 2 or 3 further licences flying up to 20p+
By end of this years drilling season with income flowing 25p+
All ignoring Velociraptor , which it hits sends this to who knows!!
//1. LP granted and Heron goes on stream
No. 1 will happen in March at the latest//
Wanna bet? (assuming you mean March THIS year!)
I'll be disappointed if this isn't 10p+ very quickly following LP approval. But for me that is still an IF.
Although some of this BB's readers would consider your last post as ramping: I personally believe you're being conservative and think PM's SP will rise a lot more than you say. Clearly that's my modest opinion. PM has disappointed its investors too often over the last years. Most of them will say: I believe it when I see it. Once they yee it, the SP should go ballistic. For the REAL BIG SP rise we will ned to see
1. LP granted and Heron goes on stream
2. Velociraptor is a hit
3. Additional licences granted
No. 1 will happen in March at the latest. No. 2 is a Q2 issue - let's keep our fingers crossed. No. 3 is a nice to have and may not have a huge impact on the SP.
However, any JV and/or confirmed cooperation with external drilling companies should have a positive impact on the SP.
ATB
Any share price under 6p before LP and under 12p after LP granted is a bargain.
A must buy.
Just had another look at the latest interview and must admit I'm adding a few more, in my opinion it's a simple process ie going forward no bad news expected, but only positive RNSs, fully funded on all fronts now. As soon as the churn has finished, and that could be imminent, we will slowly move upwards. Only patience in my mind is required to make a decent return from here to drill of exploration well and clearly it would be massive if the Heron license does land before new well results. DYOR https://www.lse.co.uk/media/mongolian-oil-developer-petro-matad-raises-66m-to-fund-2023-activities-we-speak-to-ceo-mike-buck.html
Wise old hooo hooooo hoo
The moral is, use the filter button.
What is the moral of the wise owl?
The Moral: Be more observant. Talk less and listen more. This will make us wise.
6 weeks remain..Q1
WOS - you seem to set a great deal of store by what MB says when many of his previous utterings have proved to be completely wrong! Of course he isn't going to elucidate all the possible downsides to the business - that's left to others!
Do not think any clever plan by Mongol govt or anything like this. Talk like this only for BB lol
1-3 month for LP really mean add extra 1 or 2 month because Yak pace is how govt work. This is not surprise. Important point I think is Ambassador has I dependently say will happen & he does not care about placing. Mr Mike buck know what happening in corridor of power like he say & he say VERY CONFIDENT VERY SOON for LP
Does not make sense Mongol Govt say save all oil for us and not China because want money from PSC and not waste time in getting this by waiting for refinery lol
All share holder can have different opinion on this and okay but logic & different thing tell me LP RNS come any day now because Yak near finish line & Mr Buck /Ambassador have seen this & from direct word from Mongol govt now not BB chat ;)
Canada time not Mongol time and drill company understand MATD need some month to prepare land & service for Velocirapror so Canada drill company let them know very soon for SPUD DAY in Q2 so RNS for this any day now. Even Mr Mike Buck say RNS in Q1 for this & also say will have regular updates.
When spud day RNs come in next few day or week see how many investor run to buy MATD share. Clever one buy now because know this will happen & why header say this
Like mr Master say have also development for renewable project in Mongolia & think JV company announce something soon.
Wait for BREAKOUT & WILL BE SUDDEN
Ojay - Are you serious…..the Mongolian government are hardly speeding this through, do you think if the refinery was ready and they needed supplies to feed it theyed be taking this long over the permit? Of course not, There is a large contingent of Mongolians who want to keep Mongolian oil ‘mongolian’ and not be refined by petrol china and sold back to them .
As for for Mike Buck saying he was told within next three months for land permit, I now think this was a very careful plan to raise the share price to raise from a higher level…..than the 1.9p we were at before he slipped that into an RNS….
I genuinely think patience will pay dividends here, either for the rise up to drill or for land permit……and whilst I’m not a damper or deramper - more a realist…..I’ve £92k in this share that thinks/hopes/prays it will come good.