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5x more buys than sells and sp is down.
Totally manipulated
The SP movements for MATD rarely makes sense. Today is no exception.
Mms can take the whole 2.5m in 1 go . Whats hoing on.
Mms playing games. Why would they take the lot .
This section tells me that there have been people who HAVE been holding up the granting of permits for their own reasons and in future they will be bought to book. Great news
It is emphasized that individuals and legal entities who violate this law are subject to the provisions of the Criminal Law or the Law on Violations"
If the mining journal comment kindly provided by Jimi is in anyway right you can smell the LP authorisation coming through...on that basis its got to be another couple of hundred more quid buy for me..
Ojay - yes google translate.
I think as Dozzawba says - this is most important bit.." ...However, according to Article 9.1 of the law, the Council under the Prime Minister will supervise the implementation of the law and the activities of authorized persons"
Researchandhold, you beat me to it. Excellent find Jimi, that last paragraph is massive to PM, takes the decision away from those corrupt b*stards who have been holding the LP and PM up for their brown paper bags of money.
Research: I assume you provided a (google) translation. First half of it is - at least for me - not so easy to understand.
Let's hope it's not detrimental to our interests.
Thanks Jimi - last paragraph is interesting:-
"However, with the approval of the Law on Permits, the Law on Special Permits for Business Activities was repealed, and the special permits that were regulated by regulations became regulated within the framework of the law, and now have the category of special permits. Sections 8.1 and 8.2 of the Law on Permits specify the types of permits depending on the field of activity and the authorities authorized to grant permits. However, according to Article 9.1 of the law, the Council under the Prime Minister will supervise the implementation of the law and the activities of authorized persons. It is emphasized that individuals and legal entities who violate this law are subject to the provisions of the Criminal Law or the Law on Violations"
Brel
Have you listened to the recent MB presentation. You will find a full explanation of how the multi well approach will be funded on the Heron site.
Some nice big buys rewards coming maybe late Feb/ early March before we hear anything concrete.
Just hang in there boys. Been holding on for 12 years so can wait just that bit more.
Been topping up and topping up while looking at private islands.com
Much higher volume of Buy to Sell trades again and yet the SP goes down, again ...
It is easy to criticize MG, however if you look around her you will see even in the UK planning permit may take years!
This permit is a major step forming and we all know that it is just a matter of time to get it. When landed the price would be double digit. From here 10 baggers for sure. Smart guys invest when derampers scare week guys.
I can't believe how disorganised the Mongolian agencies are.
They put a results date on their website and missed their own target, and so many days later, we still dont have any results.
It's a joke on how they run Mongolia
Badprophet the more you post the more it is now so obvious that you are a deramper, probably trader. To say the LP is factored into the SP is absolute cobblers and you know it. As previously mentioned for someone who is not invested in PM you seem to spend a lot of time posting negative stuff on here. You always seem to appear when the SP is in decline and vanish when it's on the up. Never a good word to say about PM. A sad deceitful investor.
When asked about funding MB said that they were:
'Comfortable...... for now'.
I think it's all about how comfortable MB is about going into the 2023 drilling season without being fully funded for the planned work.
I'm sure he'd be delighted to be able to consider his options with the Land Permit granted but he doesn't appear to be any better able to be sure if or when this will happen than the rest of us and past experience isn't great.
If he's doing his job then at some point he'll have to pull the trigger to raise funds to cover the year's planned activities.
p.s. Anyone seen Valueinvestor recently?
What's the point of having a partner if PM is going to fund everything
At the risk of upsetting Dozy et al.
The LP IS coming and is factored in to the current SP. There isn't enough cash on hand to finance Heron production costs & further (20%) exploratory drills. If the SP ever stabilises at 10p or higher there will be another $10m cash raise at around 5p. IMV
Once we get to the point you describe we would be talking about advance payments. Don't you think PM would get a credit line with its Bank?
LP =$$$$$
It is all a matter of time. Rare opportunity to find the like if MATD.
The share price is a real bargain guys.
15 wells are planned. So lot of oil
Also Brel it has been mentioned there's a possible multi well agreement so if say 6 wells x 800 barrels a day 4800 X say $80 a barrel = $384k a day. That soon mounts up - less MG taxes obviously. Also I read a piece regards fracking which Mike Buck mentioned they would potentially do. Fracking can increase the normal flow rate by 1 to 30 times as much. So work that one out if it was 5 times as much - nearly $2 million a day revenue. This is obviously potential not factual, but reads good
Brel, after listening to Mike Buck, I believe the deal with DQE is to use the revenue from the oil we take out the ground
Even news of drilling Velociraptor will see 5.5p and a lot more certainly for a period but hopefully for good. Even news of the other parcels we hopefully are going to awarded will send the price up. But yes it will be the LP that really sends this SP up.