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Sorry reply to Rookie :-)) GLA
Master, I use most Mongolian news outlets, montsame.mn, jaran.mn mongal messanger and mostly Mongolian mining journal hope this helps. GLA
Dear I Am Rich
My sincere apologies that you have been so offended that someone else is not allowed to have an opinion.
I wish we were all as wonderfully enigmatic as you, and quite obviously an expert in the world of share dealing.
You are quite the wordsmith..!
Looks like 2023 is when things might happen.
Another blag by MB in the interview.
First he said stuff was in the country then it few weeks away .
Still nothing.
Jim, where did you get those info from?
Thx Jimi - much appreciated!
The completion of the EPC-1 project of the oil refinery is 63%
The oil refinery consists of four sets of projects: EPC-1, 2, 3, 4. The project management consultant for the EPC-1 project, which is a complex project of non-technological buildings of the plant, site infrastructure, roads and water supply system "Ai El" company monitors performance according to international norms and standards. The general contractor of the project is "JMC Projects" LLC of India and engineers and technical experts of 21 subcontracting companies of Mongolia are working with a total of 641 people and 250 units of equipment, with a plan to hand over the project on November 29, 2022.
WPS5-P2. The progress of ultrasonic testing of pipelines (June 9, 2022)
The EPC-1 project has 4 main planning stages: preparation, design, procurement, and construction, and the total project progress is 63% complete. These include Raw water storage tanks-85%, Offices and training centers-51%, Canteens-84%, Laboratories-85%, First aid and medical buildings-80%, Warehouses-45%, Entrance doors-1-64%, Entrance gate-2-39%, Fire department building-52%, Repair shop-35%, Flood water collection area-82.5%, Drainage pipe-30%, Water pipe-89%, 17km highway- 36%, Water Pipeline-/Bor Khaovor/-41%, Well Construction-44%, Electricity Transmission Line-90% have been completed respectively.
Expedited tender for the selection of the general contractor for EPC-2, unlicensed technological facility work (06.06.2022) has been announced and tenders will be accepted on August 16.
The accelerated tender for the selection of the general contractor for the EPC-3 work of the industrial power plant has also been announced (05.04.2022) and the tender is being accepted.
EPC-4 licensees for the construction of licensed technological facilities were selected. Agreements were signed with "Kinetics Technology" from Italy, the licensee of the hydrogen facility, "Axens" from France, the licensee for the sulfur separation facility, and "UP Honeywell" from the USA, the licensee for the gasoline processing, hydrocracking, diesel hydrorefining, and liquefied combustion gas separation facilities, respectively. has been established.
//An RNS confirmation of equipment arrival would be a good start.//
Yes - I'm beginning to be faintly surprised that it hasn't arrived yet - how about you Hamm?
Please don't loose your hope/faith yet.
Oil is heading higher. Expected to be around $135.
China zero policy would end soon.
Best,
However there is still a couple of months to get H1 which apparently needs just 2 weeks workover to be done.
I am sure MB wants the job to be done as much as we want to, but He needs to be more active and change his course.
An RNS confirmation of equipment arrival would be a good start.
Best,
I am not sure if SFO would help or not.
But surely MATD/MB haven't been truthful with shareholders.
We really have no idea if the problem is LP or covid!
We don't know how MB has missed that important ( local permit)step?
Why the locals and greens haven't protested while MATD was exploring! But now they are making noise!
Why MB hasn't been in Mongolia for the last 3 years!
Why can't find other contractors!
So many questions that really every honest share holder should asked himself.
Why can't MB makes a team send them to local and offer them jobs, schools hospitals etc!
Why on earth they were so in rush to have placing and too slow to get the oil out!
It is good sb started speaking out.
Guys,
Lol dazzler and Munro, you guys are proper jokers, anyways for me we we have been updated as and when things have happend, and you can't update if theres nothing to update, lol go watch the last CEO vedio interview, proper Dumbo's, and one coming on here trying to remove the CEO lol on what grounds his been doing his job, COVID and China's policy and Mongolia land issues are out of his hands you bell ends
Dazzer, Manro is full of crap, there is ZERO SFO interest in MATAD, affraid most boards have a resident Manro or two,
Thanks Manro.
Why does it need to wait until the end of the year for SFO?
It is definitely beginning to feel like our hard earned investment is being filtered away.
There is an organization in the UK called SFO. That's where investors should apply with a collective letter at the end of this year. Informing how he is lying 4-rd year in a row, misleading investors and stealing our money
Hi guys
Firstly, let me start by stating I am not a professional share dealer.
Just a simple man off the street so to speak.
I have what is for me, a decent shareholding in Petro Matad.
However, my patience with the CEO and Petro Matad has worn thin.
Genuine question. With the very poor lack of communication to investors - does anyone know how we can potentially instigate the removal of the CEO from Petro Matad?
I know we all jest and joke when we see the comments from regular contributors (I.E. the negative comments) - but I think those regular negative posters actually do raise some valid points. Just because their opinions don’t necessarily echo the views of everyone - I think they have the right to call out their concerns.
I’ll be open - I was confident about Petro Matad. That confidence has started to rapidly dissolve away.
So as above, how or what is the process to remove the CEO from Petro Matad?
Thank you for your time in reading my post.
Vladimir & Estragon were doing the waiting - Godot never came!
I think Samuel Beckett would have grudging respect for Mike Buck. i mean even Godot did not wait this long for news.
I must dig out my rose-tinted specs - wouldn't want to miss the herd of unicorns galloping over the horizon!
Agreed its worth the wait, meantime, in the short term it "may" lose a few percent but when it blows it will gain 300% or maybe more, happy days.
Worth the wait, once this kicks off this will mega multibag
Hopefully we can make progress once all permissions are in place GLA https://www.google.com/url?rct=j&sa=t&url=https://www.ogj.com/drilling-production/drilling-operations/article/14281538/tmk-energy-confirms-high-gas-contents-at-snow-leopard-wells-in-mongolia&ct=ga&cd=CAEYAyoTODU0ODYzMDQ5NDU0NDUzNTcxNDIaNTUxYWMyNTFiMTZjMDIxZDpjb206ZW46VVM&usg=AOvVaw1nH979Fck7C-FnU-uZq8NE https://www.google.com/url?rct=j&sa=t&url=https://themarketherald.com.au/jade-gas-asxjgh-expands-mongolian-permit-position-2022-08-19/&ct=ga&cd=CAEYCSoTODU0ODYzMDQ5NDU0NDUzNTcxNDIaNTUxYWMyNTFiMTZjMDIxZDpjb206ZW46VVM&usg=AOvVaw1xllTWnrmeOko13iDnzomr
Thank you Jimithebush.
Trust you badprophet to troll it and put on a negative spin. I could have predicted it.
Oh well each to their own.
//Does anyone know when the new refinery is scheduled to be completed.//
Don't ask! Probably about 2 years before PM produces any oil.