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The most disappointing thing about the webinar was the failure to ask many of the pertinent questions which could have extracted more detail from MB if answered truthfully - but that's not what LSE's about is it!
Positive, please go back to my earlier posts. All your questions were already answered.
You are just a dreamer. If/when LP granted then I start believing him. Till then it is all talk with no back up.
Will sorted LP in 2,3 months is childish promise.
I wouldn't blame MB personally as PM have struggled (and continue to do so) with extraneous factors and in a difficult place to do business, but there is no solid reason to believe that 2023 will deliver the pot of gold that all investors would hope for and which some seem to think is inevitable.
Anybody else would have been at the site first. Yes anybody else might have done better than MB.
MB is still talking about Mongolian government support! Which is not true. As he said himself this kind of special permit has already done twice in the past, 12 and 6 years ago si it isn't anything new. Saying that we sort out the permit in 1 to 3 months which has already past the timing is nonsense. MB shouldn't spend a penny on locals, sport team, cleaning land etc etc till we get LP sorted. MB shouldn't start another venture before H1 LP granted. No I have less confidence in him now when I heard him this time.
Hamm,
On what basis MB has lost 3 years?... Are you saying that another CEO or another UK company in exactly the same situation and in the same locality would have sorted the Heron LP in a couple of months?
"Why didn't fix it in 3 years?"
Refer to my post yesterday at 20:53 regarding the new legislation introduced in 2017.
If you bothered to listen to the presentations suggested previously, its explained in detail there.
Less posting & more research may seve you better.
Regards
1 to 3 months in what basis is this timing? Is it written? Or just a friendly talk? Why didn't fix it in 3 years?
Are you kidding?
Another exploration/renewable auction?!
Let's have Heron LP first after 3 years waiting.
It stupid to trust MB with new venture while we haven't sorted LP.
The 'In 1-3 months the Special Designation will be fixed' wasnt from any Govt beauracrat but a promise from the Minister of Mines personally. That was in October and Mike Buck stated in the presentation that they're expecting it 'any day NOW' and with comms ongoing with MRPAM and the Ministry.
Let me say this again, the company will be focusing on Heron AND Velociraptor ie Production & Exploration!
They're Fully Funded and are in a very comfortable cash position.
Those looking for their 2p entries were looking for 1p not long ago. Just check their posting history.
The share price here will only be picking up momentum imo as we move towards operational progress & major Newsflow releases leading into that.
Watch the presentation & dyor. Watching the trolls grasping at straws maybe quite comical as they themselves are desperately looking for their own entries now but shoujdnt detract from independent research.
That more than anything exposes them as they desperately look for their own entries off others ignorance of the investment.
I think most if us have figured out by now.
This rocketed to 9p from a previous 3p in the space of a few weeks on the EL. Now we're in a much better position, fully funded, looking towards major scalability via a DQE deal AND we have the potentially massive Velociraptor drill with all permits & equipment ready to go.
That's why I expect us back into double figures in the coming weeks and why the trolls are working overtime atm ;)
Dyor & it becomes abundantly clear.
Regards
There will definitely be a placing. I recon £10mill at least to bring PM to money making stage.
I can't see how else MB is going to do it. Unless he is willing to wait few years to save enough for heron 2,3 and maybe 4
I just believe MB when he said 6m in kitty and he is comfortable with that!
Why not? I would be comfortable too having a luxury life zooming while on treadmill in my flat!
He seriously shouldn't pay for volleyball team. If the locals don't like oil then they shouldn't play with the ball and nets made by oil. They should be comfortable inside their tent and enjoy -40 and keep themselves busy and warm with
gigy gigy. Lol
Dear all,
It was good to see Mike on such positive form at last night's webinar, and good to see that he has been busy. All the kit for Heron 1 is in place, most of the kit for the Velociraptor drill. The Mongolian Government have put new exploration licences up for auction and Petro Matad aims to be in there offering their services as operator in JV's with others or by themselves. A renewables JV is being thought about. China's economically damaging Covid restrictions may be lifting at last (see today's news) and the Government are to grant 'Special Purpose Certification' to get Heron 1 operating. Well worth another look. See the full video presentation here: https://youtu.be/NO6lIYruWDM
I didn't ask you how many shares you have. But if you had 10m shares you would behave differently!
you wouldn't buy MB all talk talk.
I prefer the share price stays where we are till we get LP or MB might just do another placing and go for exploration rather than Heron1 which should be the priority. Saying that somebody somehow said that LP would be granted in 1to3 months is rubbish.
He said the LP would be sorted at a similar time last year…. The Mongolian government say 1-3 months I’d say that probably means another year lol, fools and their money are easily parted those buying at 30% premiums today May wish they had waited a while for it to drop back under 2p
Best to wait until he gets paperwork and money sorted then this will be in good position.
Let's hope he doesn't go blowing money on wildcat drills. Like he did in 2018 /19
Nice 30% rise since the rns but I don’t trust Mike to deliver… he said the LP would be soon…. And that was 6 months ago… he said he wanted to drill Velociraptor years ago and has always put it off every year, anyone buying at 1.7p last week probably got a good price, buying at 2.5p now is asking for trouble imo
Oh Hamm my dear boy. I didn't ask for your holding.
My holding is a lot more than that. Add another 5 zeros and your getting warm.
Have a great Christmas
Cheers
Ost
I feel the same Lockie. ATB
Having now seen the presentation, I'm optimistic that 2023 will be a good year for PM.......been here 4/5 years now and will continue to hold.
As others have said, if you don't like what's been said and don't trust MB, move on, no one cares about your views for those slating the company.
Fully loaded! 100 shares perhaps.
There is no LP yet.
Haha the derampers are getting desperate now.
It's hilarious listening to everything they have been saying debunked and even then they come up with more rubbish. matd will be an incredible journey and all the pieces lined up.
Strong news flow coming though and some little gems from Mike to keep us on our toes. Renewable JV?
I'm very comfortable now knowing we are funded to production, a cheap free hit on one of the biggest onshore finds in history if it hits in Velocoraptor and new frontier areas ready to exploit with a datatoom the envy of the nation
Could you have delivered a better Xmas present, I think not. Totally loaded up on cheap shares and now all in, ready to watch the show.
Best
Ost
Because everything Mike said would happen in 2022 hasn’t happened!! Better to raise money now while there is interest than when it’s drifted back lower over winter
Good to see the trolls gasping today lol.
Velociraptor - $1.5M with costs covered.
Heron - costs covered
Placing - refuted by Mike Buck when asked directly and with a very comfortable.
Calling a placing or referencing some 'prominent, unamed' Twitter poster selling out is ridiculous and typical of supposedly intelligent Aim bulletin board discussion.
Why do I presume most havent listened to the presentation? Quite obvious from the comments here.
However, am alternative view is that the trolls have listened to the Presentation and why the desperate posting (at odds with the stated facts in the presentation) to try to get a more advantageous entry.
Hard time for the trolls as the share price here is perfectly placed to pick up momentum & the Special Designation bees due ANY DAY now!
Good time for those holding though;)
Desperation Day.