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EL granted last year. MB then said early Q2 we would start a 2 week workover/ drilling!
Did MB knew/read MATD RNS that LP still needed? Or MB like you guys/rampers can't even read/ understand what RNS/LP is? Come on stop playing!
Oh dear,
Never mind, enjoy your evening all,
Best,
... "If that is the case why MATD hasn't done anything in the last 3 years?"
- because it only got granted the exploitation licence last year .... keep up!
If that is the case why MATD hasn't done anything in the last 3 years?
You guys are amazing!
God bless,
A revision of laws does not mean a cessation.
If you read the RNS it states that in lieu of changes in the law Petro Matad is in dialogue with MRPAM to obtain the special purpose land certification for its areas of operation
Jimithebrush, thanks for posting this link but have you read what is stated in that article? If so, than be prepared for quite a long waiting - a year at least. Because this is what has written there: "The revised draft of the Minerals Law, which was debated in Parliament last autumn, was left without attention for some time. It is expected to come out in the spring session of parliament, but will be rescheduled for the autumn." Which means that our ****ing CEO - traveller have to be in his Mongolian office and alongside of Petrovis, work really hard with bureaucrats or resign. Otherwise even 1p can't be guaranteed.
Not worried at all Hamm.
I was invested in ITM. I bought in at 45p.. it went all the way down to 18p and eventually went up to £7. That's the ride we are in for here. Mike B says we are still on target for this year and he knows whats going on with the law and certification better than us.
You feel free fall!? If not when you will find out when you hit the ground but it would be too late by that time!
Where is your hero FA to keep telling you risk V reward nonsense?
Hey, you can buy more, oh dear!
Well done MB!
GUYS,
Jimi Yep it works thanks
https://www.mongolianminingjournal.com/ hopefully this works?
"Taken from Mongolian mining journal today" ... are you able to provide a link Jimi? Thanks
So much for your realism, this ain't going anywhere until all permits are in place FACT! GLA
Gormenghast grinds on!
Taken from recent RNS = Following the Cabinet resolution in April on expediting a solution to the land access issues for oil exploration and production companies, draft amendments to the Land Law have been prepared by the relevant ministries for presentation to Parliament to resolve the existing conflicts within the legislation. At the same time, Petro Matad is in dialogue with MRPAM to obtain the special purpose land certification for its areas of operation which will secure long-term land access. Until this certification is issued, land use permits are required to be granted by the local authorities and to date, in the province in which Petro Matad's Block XX Exploitation Area is located, they have not done so. Petro Matad is not the only operator impacted in this way.
Taken from Mongolian mining journal today = The revised draft of the Minerals Law, which was discussed in Parliament last fall, has been quiet for some time. It is expected to enter the spring session of the parliament, but it will be postponed until the autumn. In addition to the interest in investing in Mongolia, relatives are wondering when the law will be passed and how the investment climate will be created. If some people want to attract investment, they must first make the draft law public and discuss it at every meeting.
“We are working closely on the draft law. We are conducting a baseline study to improve relations with strategically important deposits, AMNAT, and local communities. ” In particular, on the issue of “strategic deposits” and “strategic minerals”, the draft law will be able to be submitted for public discussion if the drafters reach an agreement.
Notice postponed until the autumn.
I'm still waiting for Hamm explain the ramifications of PM spending there money on buying a drilling company. How much would that cost? Where would they get the workforce? Would that force another fundraise, which he had been nagging, cause I doubt $8 million would be any where enough.
Stupidity from a dumbarse.
Dozy - the fact is that us derampers (I prefer realists) factored in some of those known/unknown unknowns whereas FA never did.
.
Bad Prophet hang head in shame - you need to look in the mirror and read back your continuous negative BS. You Hamm Manro and Aspers have been shameful in your bullying and constant badgering of someone posting facts from RNS's and Interviews. Posts which potentially could help new.investors looking for factual information, this is the shame on you that he has decided to not post anymore and that's a fact. All you lot post is non stop negative BS. Ask yourself why you are invested in a company. The only thing that I can think of that you lot have a problem with is that your underwater with PM you can't sell out, your cash is tied up so you have to blame someone and post your anger against people on here and MB. Some seem to forget since PM found oil MB has had to deal with so much stuff whether, new exploitation laws, Covid, Mongolian bureaucracy, local issues, China border closures, environmentalists, changes to PSC's etc YES all since PM found oil l, but then again I suppose you lot would of done better - buy a rig - pay top dollar for drilling etc etc - great business acumen !!!
Hamm has stated 2-1p. Wait it a bit and you will see it, don't worry.
Not sure why they would hang their heada in shame?? FA posted facts and figures, he stated that when 'x' happens, the share price will be 'z', which has yet to be unproven. All the facts of the company are still there, all thats changed is the timeline. For me personally im a long term holder, so not really concerened if they produce oil this year or next, but i am 100% confident they will, and i will be there to reap the rewards.
Guys
When the time comes I will be glad to repost your BS which will begin with "B/P's acolytes"......the time will come.
FA's acolytes - Ojay, Ostraliamate, Dozzawba, etc. should be hanging their heads in shame for believing & reposting his BS Surprised they have the cheek to keep posting here - at least FA forked off!
He might come back with different name!
All he said was risk v rewards!
Guys,
I state many times here that it was paid troll but all of wishful thinking idiots didn't want to believe.
A useful trend? (Not sure the link will post).
https://financialpost.com/commodities/energy/oil-gas/petrochina-may-sell-canadian-oilsands-assets-stem-losses-sources?utm_source=Sailthru&utm_medium=email&utm_campaign=FP%20Energy%20Newsletter%202022-06-29&utm_term=FP_Energy
South China Morning Post
China's easing of zero-Covid restraints set to release stocks into bull-market territory for first time in three years