Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Thanks Ojay..But just stating the facts..... have yourself a happy easter Man!!!
Zellman: At last somebody is putting PM's SP development into perspective - good job!
Good to have you around! ATB
Memo to MB
Easter in Mongolia does not have any public holidays so it would be a good time to put the wrapper around a nice easter egg and surprise us all on Tuesday with a RNS. Please
Don't really know why everyone on this board is so unhappy ...The share price has gone up over 44% in the last 6 months..try and get that from your bank account!!!
the low share prices - good for them!
Few more weeks to wait.
If no news then Matd team are on holiday till year 2023.
This is getting a bit of kicking this week. lets hope for better times to come.
Looking at RNS' from the last drilling campaign to keep things in perspective for time frames;
7 Mar 2019 - Rig contract negotiations being finalised
16 Apr 2019 - Rig Contract Awards
19 Jul 2019 - First spud of the year
As I've said previously, activity usually starts in July for Matad.
This is going come over as a negative post but is just meant as a warning. I have learnt from at least two failed outings that fully funded only means fully funded on their definition of fully funded and not necessarily on our definition. In one case it meant fully funded until the drill bit hit a bit of rock. I ask you what the hell did they expect to hit two hundred feet below the sea surface. And in another it meant until they had to LWD the find but then out came the begging bowls so when i bought into this share at 700m shares I had worked on principal that it would be diluted to a billion shares and calculations worked on that so on that basis i have 100m to spare. Let us hope the begging bowl does not come out again.
Badprophet I'm sound buddy hope you are too.
OK - onanist
RG27………yes indeed, I seem to do better of late with shares that I have a sense of negativity about. I learnt never to fall in love with a share with CNA. I thought it was a no brainer a few years back and kept buying, eventually I had £250K worth. It was paying a great divi worth 12% but come Civid it crashed and the divi was stopped. I eventually sold out making a £180K loss in an attempt to recover my loses elsewhere. So you see since those days I try to look at all the bad things about a share before I commit too much. I only have 400,000 shares here and if it goes tits up no big deal but I guess we can live in hope.
Beware of the Traders - Reminder of Factual and Fair comments
Thought I would repost this again as a reminder for all - check out the posts of today from HAMM and BADPROPHET - HAMM especially last Friday had bought in and now sold out and wants a new cheaper entry price - BEWARE OF THE TRADERS COMMENTS and take with a pinch of salt
Contrary to posts from regular derampers Aspers HAMM and BADPROPHET. Badprophet who said that the below post was fanciful and then when asked which parts were fanciful, he doesn't have an answer, what does that tell you about him.
Please see below a repost of FA's recent post - forwarding on as certain posters don't like factual and fair posts. No ramping here - no it's going to be 20p next week - no buy for FOMO - just factual and fair - check out RNS's and Interviews with Mike Buck and you will see for yourself that FA is not a paid employee of PM, and ask yourself why Aspers Hamm and badprophet don't like the below post. Ask yourself why would somebody who is supposedly invested in a company but are consistently negative.
The Header highlights what I think of the stock and it's prospects going forward!
Let's establish a key fact pertaining to MATD - it has an existent Oil asset in Heron and is looking to transition that to production in Q2 ready status in Q2 2022.
The Exploitation License issued in 2021, also includes the entire extension into Block XX of the proven and producing Tosun Uul Basin, containing an estimated 2 BILLION bls if in place oil in the adjoining PetroChina areas, with the MATD area being significantjy larger.
There's also the Exploration based Velociraptor Trend, which if productive, could be a game changer for the whole country (paraphrasing Mike Buck, CEO).
The key point to establish is that Petro Matad ALREADY have the Oil, hence a fundamental mitigation of Risk associated with the investment - thus enabling a higher investment level than usual 'run of the mill' Aim explorers or others heavily indebted.
MATD are FULLY FUNDED for the upcoming Heron Operations & are not crippled by DEBT/CLNs etc.
Refering to the 25th Feb RNS, DQE (a subsidiary of Petro China) approached MATD with a view to working together / Developing assets. As their website states with regards to existent assets purchased in Mongolia and initiatives abroad -
"A key step has been taken in exploration and development abroad, and it opens a new option for Daqing Oilfield to go abroad to look for RESOURCE REPLACENENT" (DQE website under 'Exploration and Development Business' section)
It's key to note that DQE made the approach to Petro Matad and with the potential open for production as well as exploration development.
That's potentially huge forvthe company, providing rapid scaleability and development if resources against the slower, organic appriach if Heron production funding Exploration initiatives.
The latter is exciting enough in itself, seeing Petro Matad making that fundamental shif
Aspers.
Always wise to be less than enthusiastic, enthusiasm is good but unless anyone has the dubious advantage of insider trading I would never suggest to anybody that investing in any equity should be done with funds one couldn't afford to lose.
I'm not too sure that 6th sense can be classed as insider trading, but it's a strategy that has some potential I suppose.
RG27………..the very reason we are all invested here too. Maybe one day we will make a bob or two but my negative vibes are still greater than my positive ones at the moment. Call it 6th sense, but I just cannot get too enthusiastic yet.
Aspers
TSSZ…………it’s maybe cheap for a good reason?
Matd seems to have taken the reins over from Hurricane Energy.
All sorts of comments denigrating the company and the management, sp all over the place, so many investors with crossed fingers and many with little appreciation of the situation. I've even read a number of posts staing that MATD has the oil. That's hardly true, MATD has a licence to drill, they don't have oil, it's still in the ground.
Once they have the oil the share price should increase.
At least I hope so as I too am one of those with fingers crossed. I admit my knowledge of the oil industry is probably less than that of some of the more prolific members of this BB, however I have not done too badly with Hurricane, currently sitting on a profit approaching £95,000 having originally invested at 40p and averaging down to below 4p.
In my less than professional opinion I beleive MATD may well be another Hurricane.
TSSZ…………it’s maybe cheap for a good reason?
price drop is price consolidation, new investors will always buy
Matd has to be the cheapest and most under valued oil company currently on the market
Taking the spread into account I don't see rich pickings for day traders here.
I've noticed lots of new posters and coincidentally! lots of volatility the last few trading days ... I guess day trader opportunists exploiting the fact we are waiting for/due news?
4m volume and only 10am looking good!!
This is the bottom.
The chart I’m looking at shows 4.10p to be our old resistance that we have broken through.
So a bounce from here today would be a very good sign.
Nice post Grogers, pretty much says everything.
Gla
Hamm the reason was given in the interview.
The workover slot if difficult to get due to the contractor being extremely busy. It has absolutely nothing to do with the permit. If you just take time to listen to the man you might learn something.
You are obsessed about this permit and just making up nonsense again.
Morning all
Another purchase for me this morning £5603 @ 4.10 which personally I am happy with as I have done my own research and am comfortable with my holding and purchasing more.
Operation update will be coming soon, there is potential for greatness and there is risk of delay. The right news will transform the company and share price. A delay will just hold things up for a while but ultimately the company will still get where it’s going.
IMHO/DYOR