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It doesn’t attract international investment atm, only China
If they did that Monglia would be an international pariah and never attract foreign investment again.
That's why I don't believe that will happen at all.
Unfortunately there is a chance this been Mongolia that they could just nationalise the oil assets, if they had the support of government then they would just step in and approve the land permit straight away, I would assume they will announce they are not able to drill this year towards the end of August as the winter season starts in October so around 6 weeks to wait, would assume a drop of around 50% to the 1p level and then it’s a case of a total gamble due to the corruption involved, Mongolia is a poor 3rd world country and money talks unfortunately… if the Chinese or Russians offer more money for Heron then Matd will have nothing, brutal but probably the reason that matd cannot attract a JV partner political risk too high
and Mongolia can't afford to extract it. Some of their "resource nationalist" citizens might not like the contracts but its better to have 25% of something that 100% of nothing.
There is absolutely no point in building a refinery if the Government and MRPAM are not going to allow companies to extract oil from the ground.
May as well send the $bIllion back to India and say sorry we changed our minds.
R&H im not party to that info. Currently the activists are blocking the road to the port demanding the contracts are torn up (they appear to have have no understanding of contracts law viz compensation/ international finance etc. The government is intervening actively in the blockade. Im hoping this latest activism backfires and brings things to a head with the government legislating to finally get a grip on the legislative contradictions which the activists exploit...
Curiousor- then the land access overriding legislation gets confirmed and all the pre agreed contracts with DQE etc get triggered? Or am I just being over optimistic? I hope not.
Also the 30 day public consultation period on the PSA contracts has only just ended. I believe this is the reason for the hiatus in news. Fully expecting an RNS within 4 weeks.
All imo
At this price not sure i would be worried, its a great buying opportunity.
Any revisions to oil law will be announced during the state Naadam next week. Plans follow that. Keep calm folks
Bowley, Mon1 what are your thoughts ref MB and people calling for his head on here. As the PM Chairperson is also the Petrovis CEO surely if he was doing such a bad job she would of had him removed by now. Interested to hear your take on it.
MON1.
Very insightful and spot on the money.
You share the same views as me.
The question is what will Matad do about the issue.
Geo - political risk here is very high for a western country. That’s a clue why the share price is starting to fall
This would be a cycle. New guys get in , perhaps at 1.5p or 1p who knows. Then they start ramping. Risk V rewards again!
I really hope MB gets himself together, go to the field and start fighting. He needs to prove himself. I really hope He understands that zooming doesn't help. He should be there in Mongolia. He needs to talk to real people. He needs to talk to locals. He needs to understand them. Locals should see MATD as a saviour not a destroyer.
You would be a fool to buy now, wait until they announce drilling is delayed until next year and you will be able to pick these up sub 1.2p imo, total mess now as think they lose block V if they don’t drill it this year too, which obviously isn’t happening imo, Mongolia obviously a hard place to do business, especially when you have a CEO like MB
I'm interested to see how this will go now people have given up and started jumping out, whether we'll see a wave of people getting in at the low prices to hold into next year?
As you rightly point out Mongolia has major problems with corruption. I doubt however that it is the government behind the lack of progress. It is however conceivable that there could be powerful forces at play trying to get in on the action (now we are on the cusp of exploiting the oil) or to enhance their share of the take. This could well involve interests within the company, including Petrovis shareholders or even individual powerful politicians. This is not an uncommon occurrence within Mongolia. It is very easy to undermine progress, whip up opposition or delay permissions until such times as demands are met. If indeed delays are due to such causes there are remedies available and it is incumbent upon Mike Buck to utilise them. Not to do so not only leaves this AIM listed company and its officers liable to regulatory action but is highly likely to undermine the company as a whole and importantly the value to the shareholders.
?................Not zzzzzzzzzzzz wake me up when someone has something inyetesting to say . Guys
You're really trying to insult my writing ability, when yours is utterly atrocious, thats hilarious. And resorting to insults is a sure sign that you camt back up your argument.
Also the idea that im a ramper is laughable. I have only posted about 40 times, and my posts consist of me stating how i trade and my position, i dont make predictions like you.
But nice try ;)
Again another ramper with bad language/ literature!
I believe in MATD but don't trust the bodrs and MB.
MB isn't capable of delivering. Unfortunately the likes of you either don't have any shares or just day traders, and as you said you don't care! but I am sure you aren't paid poster, you are not bright enough! A bit of dummy fair to say.
Good luck with your day trading, nothing wrong with that.
Have a lovely afternoon guys,
I'm trying to stay optimistic but each passing day is not only knocking my confidence but also fellow shareholders too now. It's not that I want Comms every month but a little more than what we get wouldn't go amiss, I to have also thought that the gov maybe trying to grind the company down and as it is it is working, I really hope not but Mongolia is a very corrupt country which reports say they are trying to eradicate it but why is it just PM are having all these issues.
Ha what a stupid response. I don't care if this year or next, as im a lth and have full confidence that that will come good. If next year, then im happy to take the opportunity to top up at lower rates, as im confident in a nice return.
Unfortunately, derampers like yourself, are only interested in what they are paid to say, so i guess i cant blame you, when you are just doing what you're paid to do ;)
Keep buying! As you said you don't care, Says it all!
Early Q2, middle Q2, end of Q2 early half year and now you guys don't care! You never care anyway. This year, next year but perhaps one year it might happen it might not, but you don't care! Oh dear.
I wonder if you have any shares at all.
But never mind, you can get as many shares as you wish.
It is a shame.
Guys,
Rampers and derampers (such as yourself) are all the same, you constantly get annoyed at the other side for posting, then complain when they dont post....
Risk v reward still hasnt changed, only thing thats changed is time frame. Ive said it before, but for me i dont care if its this year or next, im confident the oil will be extracted, and until then, ill top up some more at lower sp, ans just have a bigger profit when it eventually pays off
The Sp hasn't been down this low since the dusters in 2018 . I can't see the market trusting MB with his full on crap he talks.
He said he will be knocking on big boys door once discovery is made.
Nothing happened
He talks the talk but has no clue. Just watch some old interviews and you will realise this man I full of crap. Not a someone who can deliver.