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I hold just shy of 3m of these. Don’t post much anymore as constant rampers v alleged de rampers posts.
Many years ago our dear friend Manro chastised me for suggesting the Mongolians we’re trying to delay this for as long as possible until there refinery
Was ready and I sincerely hope this isn’t the case, but progress this year is disappointing, you’d of thought with two years on nothing it would be all lined up ready to go.
I was a fan of Mike Buck before the dodgy placing and the inactivity this year …..but the only honourable thing he has done in last few years is take a pay cut during period of inactivity.
All in all I do think this will come good, my average is around 3.5p, currently have £120k worth…..but fully ready that this could take anything from 2 months to 2 years to get back to 30p area.
Hopefully it will all come together.
I think PM just needs to offer a good deal to the locals and they will favour the heron field.
It's a situation for the government to sort out.
They are inviting foreign companies to do business but then are facing them with awkward situations.
https://www.facebook.com/100011445393483/videos/996234370768067/
https://fb.watch/cINnMB8w8j/
Local representatives did vote in favour of MATD back in 2019.
So there is hope..
I'm not sure what level of authority they have in yesterday's meeting.
Whether they can be overlooked.
https://m.facebook.com/story.php?story_fbid=1781987858859377&id=100011445393483
Ive emailed too
I think we hold all email PM and demand an explanation as to what is going on .
I have emailed let's see what response I get.
If few of us write and put bit of pressure.
Basically MB trying to cut corners by not still learning from past mistakes.
Why not just get the right paperwork nd meet right people.
Let me guess he is never been in Mongolia for the past few years. He sends minions that can't do job correctly.
Below from FB
There is only one page operation. At the same time as the curfew, Petromatad visited herder families in Erdenebadrakh bagh, Matad soum, in July 2020 to introduce their activities.
Despite the ban on meetings at the time, the herders were able to issue a "fake" resolution, claiming that they had signed a memorandum of understanding in support of our activities.
It is a world of truth that cannot be hidden. When I arrived in Matad soum early yesterday morning and asked the administration to inspect the soum archives, I was told that no official letter had been issued and delivered to the government regarding the resolution approved in July 2020. ”
The Erdenebadrakh bagh meeting did not include the resolution at yesterday's board meeting. I am sorry for my actions, so I asked you to annul this resolution.
Due to TUYAMAA's own decision, the resolution was publicly discussed and annulled.
Let there be a great nomadic flame
Let the feet of the great coat of arms
Let him be the watchman of his country
However I urge anyone if interested to read and judge what it seems to be about for themselves or of course ignore it.
Correct Nr Positive. It "appears to be" revoking a resolution in support of PMs environmental impact statement that seems to have been passed without due procedure by an officisl of Matad Soum and the activists dont appear to think goes far enough. Thats my personal reading of it....assuming its not an elaborate 2 year fake news story as some think
I completely blame MB for making botch of the whole operation in 2019..
How does he not know that you need local permit to start drilling.
He had no work permit for workers
No local permit
And then took the local governor to court .
He really made balls of the whole situation and made enemies with the locals for not respecting the local governor.
He need to prove or go. He has only made bad decisions by going will on exploration when he had an appraisal opportunity to kick off the season with. Instead he wanted 30mill on chasing wild horses.
What an incompetent idiot.
From what i can gather, these activists been busy pushing for more emphasis on the Environmental impact on local communities from any new drill permits issued by Centtal Govt going forward.
They want some sort of Framework in place to mitigate any Environmental impact and pushed for resolutions to that affect. Given PetroChina lack of effort in past years in terms of Environmental impact / consideration. Nothing to do with revoking any existing permits.
Some people giving too much credibility to just one persons FaceBook page ? They much be loving all this attention.
FA - "The permitting IS in place for the upcoming Operations and as part of the Exploitation License ."
No it isn't. They need permits for the proposed 2022 Work Programme from the government. The 2022 Work Programme includes the work over of the existing well. So they don't have the required permits to do anything yet. Listen carefully from 20m10s : https://youtu.be/0covqU8EQYY?t=1210
I think we need to keep in mind the following regarding the local permitting and local eco-protester problems:-
- Matad soum has a population of about 2500 people, or about 0.0004% of the population of Mongolia.
- There is a multi-billion dollar infrastructure project in progress (refinery + associated pipeline) which will bring energy security to the 3.3 million citizens of Mongolia
Does anyone believe that the Mongolian government will allow the local county council/permit office of a region with population of a couple of thousand people to derail its plans to bring energy security to the entire country?
The answer is obviously no - especially given the direction of travel of the oil price.
I don't have any concerns here, possibly in the worst case this may cause a short term delay, but in reality there can only be one winner in this contest - the needs of the several million will outweigh the needs of the couple of thousand.
If there is any dip in the SP I will be taking the opportunity to buy the dip and wait for reason to win out.
Yes, enjoy your smarties. Lol
ID78 no offence taken. I genuinely dont know if its of any concern or not. Hopefully someone will be able co firm soon enough. Night all
Curiouser, please don’t take my comment as an attack or bashing. Just an opinion.
You post good stuff.
Tuesday we will know of this is a storm in a teacup is something more.
I’m off to ask my mum for a few more smarties. Enjoy your weekend everyone
I am presuming an RNS early next week as I believe our CEO is in Mongolia presently.
Ok well deny or dismiss. Im not here to persuade any one. Its just information. Take it or leave it as time will tell.
I’m not so sure 3000 is such a large number. 30,000+ perhaps.
The gold mine, I think a response from investor relations would be very welcome by everyone on this board
As someone said if it is price sensitive we will get an RNS so what we think
Is irrelevant
Well the evidence is her long history of protests and ability to research and her nearly 3000 followers. Those facts speak for themselves.
It is very difficult to know what weight to give the fb post. On the one hand she is a serious activist and isn't going to sully her reputation with her support base by posting garbage ...but what does the revocation specifically relates to and what impact it will have (if any) is unclear. However it is right to post
Nobody knows what this so-called "development" is about, it could be a shorter ploy to cause panic and tank the SP (it is obvious that there is paid rampers and derampers operating on this board, therefore it is not outside the realms of possibilities that the "activist postings" are part of that).
Even if the "activist" is correct, and something has been declared illegal, we have no idea what that is, or what the impact on Petro Matad would be.
I think the first thing to do is to email Investor Relations and ask for clarification, or ask them to put out an update via RNS, as others have said - in fact I will write them myself just now.
Hamm took you days to come up for an excuse for looking
like an idiot.
I guess it hurt being pointed out over and over?