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This is the sort of publicity needed
The team of the project to establish an oil refinery has delivered donations to the herdsmen affected by drought.
The entire team of the "Project to build an oil refinery in Mongolia" has joined the campaign to help the cattle herders who are suffering from the drought due to the severe winter and spring in Mongolia.
"Megha Engineering and Infrastructure Limited", "Engineers India Limited", "Kalpataru Projects International Limited" from China, "Megha Engineering and Infrastructure Limited" from the People's Republic of China and "Norinco" from the People's Republic of China enthusiastically joined the call of "Mongolian Oil Refinery" SPCSC and the project implementing company. International Limited" companies' donations were combined and handed over to the Governor of Dornogovi Province today.
1000 bales of hay, 10 tons of fodder, 240 tons of flour, or a total of about 50.0 million MNT, are being donated to support the herdsmen to overcome the difficult times with minimal losses.
In Dornogovi province, there is a situation of iron rust in Ikhet and Ergan sub-districts, and in Delgereh, Airag, Saikhandulaan, Altanshiree, Sainshand, and Khatanbulag sub-districts, 168,000 livestock have died.
The Governor of Dornogovi Province, O. Batjargal, said that this donation from all of you will provide a lot of emotional and material support to our herdsmen to overcome difficult times.
Megha Engineering and Infrastructures Ltd
Engineers India Limited
Norinco Corp
Kalpataru Projects International Limited
Done the research, ill let you pay the depreciation thx.
Better, would be to sell now before they drill for any more water (actually that can't happen as they have no cash) or dilute with another placing (that will happen).
Will pop back on placing day as I know you like to discuss on down days
That period included velociraptor drill and sunstepp JV . 1.5 MLN total.
I am being generous and excluding investments
Professional burn rate far higher than that. look below.
Bump (sorry but I thought it might move some of the silly icons and make your thread look more professional)
Lol fact is fact and that is cash balance, these have been clearly stated, we don't need to guess we know the cash available.
Matd had 5.1 million in December 2022, raised another 6.6 million in Feb 23, so almost 12 million and was down to almost $8m only 4 months later. their numbers not mine.
6 weeks I'll give you before another placing, if I was matd I'd do it now before the SP is much lower and the dilution thus greater.
In fact its actually worse than I stated, as indeed it's not all actually cash, indeed as of 30 June 2023 the cash balance they reported being USD 8.39 million, this was infact only $820k in cash the rest being in 3 month term deposits.
In terms of future planning, cash will already be precarious when you look at the burn rate. Placing will be at under 2p is my guess, maybe considerably less.
Wos some cash facts. February 2023 they raised 6.6mln @2.5 while they still had around 5 mln in the bank.
June 2023 company report 8.3 mln cash.
Burnrate around 3-4 mln per year without any investment... so now close to where we raised last time AND they need funding for renewables....simple
LOL π¦
Wait for placing before handing over more buffalo skins
I will WELCOME you as shareholder. No hard feeling π¦π°π°π°
Btw - when you do proper research you will probably invest! ππ°π¦
As long as they are better researched then you 2 today! π
Let us keep BB busy!
Atb sir π¦
"Can you come back tomorrow also?"
Of course, if you send me an invite on the COPL forum I'll gladly oblige, can I bring my very well researched friends to help you also?
Sorry placed on wrong thread
Lol fact is fact and that is cash balance, these have been clearly stated, we don't need to guess we know the cash available.
In fact its actually worse than I stated, as indeed it's not all actually cash, indeed as of 30 June 2023 the cash balance they reported being USD 8.39 million, this was infact only $820k in cash the rest being in 3 month term deposits.
In terms of future planning, cash will already be precarious when you look at the burn rate. Placing will be at under 2p is my guess, maybe considerably less.
Can you come back tomorrow also? π
π¦
Yes Lagueule you are right. MB uses lubricants and very sparingly. Where possible, he doesnβt use it in vain. For example, without any lubrication and from the very first days of his appointment was able to crawl into the MGβs ass and start shouting how comfortable he was sitting there and what the great and constant support he is receiving as a parasite.
Jesus 132 posts! https://youtu.be/qVXqJCYWJ2o?si=4G83LB0dnAJorWCP
I think it's an assumption if there are 15 wells up and running at maybe 500 barrels a day per well which won't be for a few years anyway, 1st things 1st bloody LP needs to be in hand B4 anything. GLA
Lucky we do not rely on your calls but official News sources! π¦
NO - we made figure up! π¦
Investor33: "Stas20 - if you think that MATD is a waste of time, then why waste your time on here talking about it ?"
I think it's more that Stas and others have had enough of WOS going over to other boards just to criticise and then ramp MATD. Come on people, see WOS for what he is and pull together to get rid of him once and for all.
Why won't you discuss a possible placing here WOS. Do you think Mike Buck knows how to do placings, does he have great experience in MATD for doing this.
Lol WOS resorting to having posts deleted, unable to face an argument.
Mr Laguelle - "All I can find is the bopd for the half-day flowing at one well head 5 years ago."
That tell us everything about how hard you work in your research!
Read RNSs, Listen to Interviews & Read Research documents.
You can start at company webpage and let us know how you get along sir!
π¦
Do you want to be baby fed all research Info? π¦
Stas20 - if you think that MATD is a waste of time, then why waste your time on here talking about it ? It sounds like you are just a schadenfreude merchant who gets pleasure from other people's discomfort. Usually the liberal peppering of posts with LOLs is a pretty sure sign of this kind of person.
Why not devote your time to something that will make you money - you are obviously an expert investor or trader....?