Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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It can definitely not only go up!
Mms keeping this down to scare short term holders.
There's no reason for mpram not to award block to PM. PM has data for the block they are interested in.
No bad news is expected here.
This can only go up.
Thanks for that researchandhold. That’s good to know.
What else is good to know is that the “Country’s leading explorer”, is showing faith in itself and the potential oil discoveries waiting to be made in Mongolia, and Matd wants to be at the forefront of that or they would leave the other blocks for others to explore.
Little company, massive future…… If the Mongolian Government can get it’s act together, but the signs are there that things are taking a turn for the better.
GLA
D1inger - only 5 of the 14 have been released for this first round of bidding but we'll soon see which ones they're gone for in this first batch
I wonder how many of the 14 areas Matd applied for.
2022/23 Exploration Licencing Round
MRPAM has announced an Exploration Licencing round covering 14 blocks in the prospective fairways of the southern half of the country. These areas share the same stratigraphy and geological history as proven prolific oil basins of northern China. With its extensive data base, technical expertise and operational experience Petro Matad has a significant competitive advantage as the country's leading explorer and intends to participate in the licencing round with a view to signing some new production sharing contracts.
I can't see many companies bidding for the blocks .
I think PM is the only western company for oil exploration in Mongolia.
Looks like sticking to a schedule is a general problem in Mongolia.
News anyway. Mpram did say 10th January for results
Great find and post Jimi. Hopefully will stop people thinking no RNS this morning means we haven't been awarded any new licences. Basically bids have been received, but no decision as yet by MRPAM
Just thought I would state a fact ..The MATD share price has gone up 122% in the past 6 months ....Have a nice wait for the price to raise another 122% and hopefully more in time .....with a bit of luck!!!!
Hopefully tender results published soon
https://www.tender.gov.mn/en/mineral/results
Yep and SP going south on no news.
Morning All
That should give people confidence that the oil ministry is not like the local governor.
I remember in 2019 , she and the governor were on the same page.
Trust me I've been following PM on Facebook for years and I can finally see that it's going the right way.
I'm not just pumping it but I can post videos to give you guys an idea of what went on before and how it's looking now.
Thanks mast.
mast, ojay 100% agree with you guys. MATD is solid with200m BoO and as Ojay rightly said MM is manipulating the market to get as many shares as it can knowing demand is massive. LP RNS imminent.
No idea why people panicked this morning. It was obviously a tree shake.
Everything will fall in place .
Just watch the interview and do some research on the information some of has provided.
You won't go wrong here.
Makes perfect sense - just the way I've been looking at this MM-theater for years.
I have long ago accepted the fact that I'm just a pawn in the MM's trading game. I have no control and there is hardly any transparency. I've always said it would be nice to know who is buying and who is selling - it clearly must be equal (the MMs can buy as well).
Mast, it seems we are nearly there. I knew we will get there.
Well done guys
Email, I appreciate your comments however you may need to educate yourself!
For a transaction to occur, there must be a buyer on one side and a seller on the other; even when prices are falling, there are buyers of the falling securities.
A broker does not have to buy the stock you are trying to sell; a broker is there to act as an agent on behalf of the seller, finding someone to make the purchase.
In that case market maker either buying the shares knowing it can sell at a higher price as there is high demand or it has buyers and it is simply filling their orders.
A broker is not required to buy from you if you want to sell shares and there is no one willing to buy. A broker won't lose money when a stock goes down in a bear market because the broker is usually nothing more than an agent acting on the seller's behalf when they find somebody else who wants to buy the shares.
The activist just posted a video showing she literally got door closed on her by the oil minister.
That to me is good news .
She was showing this letter.
15:03 a
B. Ankhbayar / Head of the Petroleum Policy Department of the Ministry of Petroleum Affairs/: Government 201...See More
DEPARTMENT OF GEOGRAPHY, GEODESY AND MAPPING
2012.1004 N 1/1989
CHOIBALSAN PEOPLE'S UNION to NUTBB
It operates in the territory of the Eastern province. Petrochina Dachin
"The land" approved by Government Resolution No. 287 of 2017 for the oil product sharing contract area of ??"Tamsag" LLC and "Tumen-Oil" LLC
to acquire and issue for special needs of the state, to determine its size and use
3.13.2 of the Regulation" has not been carried out. However, the request from the Minister of Mining and Heavy Industry to acquire the oil product sharing contract area of ??"Petromatad" LLC, which operates in the territory of Matad Sum, Dornod Province, for special state use. Relevant measures are being taken in accordance with the "Regulations on obtaining and issuing land for special needs of the state, determining the limits of land and use" submitted to the Minister of Construction and Urban Development and approved by Government Resolution No. 287 of 2017.
Hamm
"Please remember for every sell there is a BUY. That means 4m buy too.".......
Not necessarily. A seller wouldn't necessarily buy back. He can hold cash or buy a different stock. The buyers would only add cheaper values to sellers selling at a profit. So with the same amount of shares bought and sold, more money would go out (sellers at a profit) and less money would come in (buyers at the current day's price)
Please remember for every sell there is a BUY. That means 4m buy too.
Relax and enjoy the climb,