Petro Matad Share Chat (MATD)

Good morning.

The only thing keeping MATD at these levels is awaiting the Exploitation License issuance - its a massive Opportunity, imo.

The EL issuance should be absolutely ‘transformational’ for the Company and its Share price.

We also know it’s been advancing well and in the ‘final stage’ towards issuance.

Something certainly to look forward to & the red dot RNS for such (and associated circus) isn’t far off.

Atb & have a peaceful day all

Source: General Customs Office

In the first month of the year, exports of copper concentrate reached 109.5 thousand tons and reached 194.3 million USD. This is an increase of 7.3% in physical terms and 41.3% in monetary terms. Not only has copper prices risen in the market, but the amount of gold in Oyu Tolgoi concentrate has increased, contributing to the increase in copper concentrate exports. As a result, copper concentrate has become the most exported product in our country.

Iron ore exports declined significantly in the same period, but revenue increased 24% to $ 73.1 million.

In the first month of the year, oil exports reached 519.2 thousand barrels in physical terms and amounted to 25.5 million USD. As a result, oil exports rose 33.6 percent last month.

As for other minerals, fluorspar exports also increased in terms of revenue, while zinc concentrate and molybdenum concentrate decreased. GLA

sellers aren't "drying up" after all.
Never mind - their problem.
ATB

Yep, however, at least you know for sure the paint will dry.

Waiting for this EL is worst than watching paint dry!

Good to see 2 message and 18 share trading here.
Our day too will come.
Oil looking good just Mongolian government to put their act together.

It’s all about the bounce back!

PD, after yesterday’s disappointment my fingers are crossed even more firmly here!

The price is actually UP 2.38% on the London Stock Exchange site, so not sure why lse.co.uk are showing it down.

That’s not what the header refers to of course, which has been addressed by Ojay and Niondan.

Atb & have a good evening all

Exactly nlondon - that should be clear to all of us by now. Until PM is allowed to exploit its oil find they remain to be an exploration company - which is typically driven by news. Once the EL is granted - and let's hope that will be sooner than later - PM will (finally) be considered to be an oil producing company.
ATB

No EL.

What's keeping Matd at these levels? Seem to be stuck in a ight range

Is it my system or has price just dropped 10%

Morning Willibobs.

Certainly not a great day at BPC and why MATD presents such a different risk profile, with its greater upside potential and existent asset ready for full field development.

That’s why I’m much more bullish on this stock and certainly do expect it to move on a multiple price appreciation from here (figures already discussed previously).

As we know, the price here can move very sharply on any positive sentiment.

My own portfolio has a diverse profile across sectors as well as Aim & Ftse 250 stocks.

Funds will be diverted from other holdings as he Upside projection & risk profile give me the assurance to increase my holdings in MATD.

Hope you’re okay with your own PF Willibobs.

Atb

What funds? BPC has spanked me.

Good morning.

As the header and as funds get channeled into here from elsewhere.

Atb & have a good day

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here.
https://www.ft.com/content/52074431-7b73-4576-8089-1fb3146fcdc4

It sets out the fee Rio receives for managing the project as well as the interest rates on the cash Ulaanbaatar has borrowed to finance its share of the construction costs. However, the UDP was never approved by Mongolia’s parliament and has become a focal point for critics who say the country should receive a greater share of the financial benefits from mine. A parliamentary resolution was passed in December 2019 ordering the government to improve the terms of the UDP. “The government has to fix the legitimacy issue,” said one person with knowledge of the discussions. “Mutual termination of the UDP would achieve this.” Rio has already told Ulaanbaatar it is prepared to “explore” a reduction of its project management fees and loan interest rates, according to documents seen by the Financial Times. However, it is unlikely to agree a new development plan unless it also addresses some key concerns of the company. These include a long-term power solution and Oyu Tolgoi’s budget for 2021. Rio’s negotiations are now being led by Bold Baatar, a Mongolian national who was recently appointed to run Rio’s copper business. ‘I acknowledge the government’s wish to improve the underground development plan and I am looking forward to discussing that with them, I hope in a way which promotes investor confidence in the country,” Baatar said in a statement. The push to replace the UDP comes ahead of presidential elections in June, which the government hopes to win to complete a clean sweep of Mongolia’s hybrid parliamentary-presidential system. The government declined to comment. Twice weekly newsletter

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here.
https://www.ft.com/content/52074431-7b73-4576-8089-1fb3146fcdc4

MENU Financial Times Sign In STEER FROM CRISIS TO RECOVERY WITH THE FT Try full access for £1 Rio Tinto PLC Add to myFT Mongolia seeks Rio backing to terminate mine agreement Ulaanbaatar wants to replace underground development plan for Oyu Tolgoi At peak production Oyu Tolgoi will be the fourth-biggest copper mine in the world © Mark Ralston/AFP/Getty Share on Twitter (opens new window) Share on Facebook (opens new window) Share on LinkedIn (opens new window) Share on Whatsapp (opens new window) Save Neil Hume, Natural Resources Editor 2 HOURS AGO 0 The government of Mongolia is seeking Rio Tinto’s agreement to terminate the deal that underpins the construction of a $6.75bn underground copper mine in the Gobi Desert, according to people with knowledge of the situation. The ruling Mongolian People’s party and its new prime minister Luvsannamsrain Oyun-Erdene is facing pressure from parliament to replace the underground development plan for the Oyu Tolgoi mine. But rather than act unilaterally and risk future foreign investment in the country, Ulaanbaatar has asked the Anglo-Australian miner whether it is prepared to mutually terminate the plan and replace it with a new agreement that offers better terms, the people said. The underground expansion of Oyu Tolgoi has been dogged by problems and disputes with the government. The project — Rio’s most important — is already $1.5bn over budget and almost two years behind schedule. The government threatened last month to halt development, saying the delays had eroded the economic benefits the country had hoped to get. At peak production Oyu Tolgoi will be the fourth-biggest copper mine in the world, producing almost 500,000 tonnes from its existing open pit and underground mine. A decision on whether to start complex caving operations must be taken by June. First production is expected in October 2022. Oyu Tolgoi, the country’s biggest source of foreign direct investment, has created thousands of well-paid jobs and generated almost $3bn of taxes and fee revenue in the past decade. Recommended The Big ReadNeil Hume From the archive: Can Mongolian copper power the green revolution? Signed in 2015, the UDP, also known as the Dubai agreement, put the underground project back on track after an earlier dispute between Rio and the government.  The agreement — and $4.4bn of project financing — was pulled together by Rio’s former chief executive Jean-Sébastien Jacques and the nation’s then prime minister Chimediin Saikhanbileg. It sets out the fee Rio receives for managing the project as well as the int

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here.
https://www.ft.com/content/52074431-7b73-4576-8089-1fb3146fcdc4

The underground expansion of Oyu Tolgoi has been dogged by problems and disputes with the government. The project — Rio’s most important — is already $1.5bn over budget and almost two years behind schedule. The government threatened last month to halt development, saying the delays had eroded the economic benefits the country had hoped to get. At peak production Oyu Tolgoi will be the fourth-biggest copper mine in the world, producing almost 500,000 tonnes from its existing open pit and underground mine. A decision on whether to start complex caving operations must be taken by June. First production is expected in October 2022. Oyu Tolgoi, the country’s biggest source of foreign direct investment, has created thousands of well-paid jobs and generated almost $3bn of taxes and fee revenue in the past decade. Recommended The Big ReadNeil Hume From the archive: Can Mongolian copper power the green revolution? Signed in 2015, the UDP, also known as the Dubai agreement, put the underground project back on track after an earlier dispute between Rio and the government.  The agreement — and $4.4bn of project financing — was pulled together by Rio’s former chief executive Jean-Sébastien Jacques and the nation’s then prime minister Chimediin Saikhanbileg.

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here.
https://www.ft.com/content/52074431-7b73-4576-8089-1fb3146fcdc4

The government of Mongolia is seeking Rio Tinto’s agreement to terminate the deal that underpins the construction of a $6.75bn underground copper mine in the Gobi Desert, according to people with knowledge of the situation. The ruling Mongolian People’s party and its new prime minister Luvsannamsrain Oyun-Erdene is facing pressure from parliament to replace the underground development plan for the Oyu Tolgoi mine. But rather than act unilaterally and risk future foreign investment in the country, Ulaanbaatar has asked the Anglo-Australian miner whether it is prepared to mutually terminate the plan and replace it with a new agreement that offers better terms, the people said.

I can't read the report!

May be this is why it's taking time.

https://www.ft.com/content/52074431-7b73-4576-8089-1fb3146fcdc4

Further to the Bloomberg video, not one to give up to easily, all I can manage is the interview is on about the price of fuel, exploration potential and the building of the oil refinery. Tried various different translation apps but will only accept so many seconds per piece, even tried Facebook but to no avail. I'm sure all will be made clear soon enough. It obviously wasn't price sensitive information. GLA

“Ojay I will certainly write such a letter and even take some other actions “

Anything short of a suicide Yak, manro! ;)

A good week ahead, imo.

Atb & have a good evening all.

Heron 1 drill site? Pan out and scroll northeast. Possibly Petro China operations? Numerous pump jack sites. Drill equipment/derricks evident at storage facility.

https://earth.google.com/web/@46.86686594,116.19647056,628.0416975a,2685.76310421d,35y,0h,0t,0r