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No Rns today, any progress since last rns is held back, so until an rns appears no need for ridiculous conjecture. Should be a nice quiet day. πππ
Do not imply anything mr Professional and think obvious you try to get me banned (what happen to IP address reporting & your threath about "end of Jan" Lol).
Just read back RNS, recent MRPAM meeting, Matad Citizen group meeting & support of Petro Matad, Herder support & Agreement.
Good research help π¦
Again implying UK Ambassador has givennhim inside info
Maybe good Q is - What happen if RNS come TODAY and am not holding? ππ
(If you think permission not come for MATD this/other season you will not even be here anyway). π¦
I just focus on INVESTMENT - most other of BB chattee is just drama people like to play out Lol.
INVESTMENT STRONG - simple!
UPSIDE POTENTIAL MULTIPLE - clear!
PROGRESS - obvious!
We have all confirmation from better place sources then ANY BB posters that ALL sides on board and RNS WILL COME SOON!
If Upside move & growth strategy clear and base heavily in production revenue & strategic partnership with uptrending oil price - very easy INVESTMENT decision imo.
BB dramas something else & entertainment only - Buy or not own choiceπ¦
For those who understand candlestick charts - the last daily candle was a hammer, so hopefully this may indicate the bottom of the upward trend line which started in mid November. I think that I counted that there have been 14 down days since the start of what hopefully will prove to be nothing more than a pullback in the current upward trend.
From looking at a chart, this number of weak daily bars/candles is pretty typical for a pullback during an upward trend with MATD. If not then the trend will be broken, and it will be a matter of where the next support level will be.
Yep, it is what is is. One of the most balanced posts on here lately! Frustrating, but fundamentals the same. As always, patience required!
Let's admit it: we PIs are just the pawns in this game; i.e. is there anything other than holding, adding or bailing out we can do? Nobody likes the limited options available - but it is how it is.
Well here's hoping the ambassadors reply to WOS saying we will get a answer shortly and MB being in Mongolia we get that permit this month, next week is looking good with time frames but only god knows what's happening and when this will be sorted
Maybe people begin to understand Header - there is reason most people lose money in Market!
Lot of very bad logic with lack of research or understanding & impatience.
Focus on INVESTMENT is always best advice to get good return on investment.
We know permission will come soon. If someone understands reason for delays in past then maybe can understand if this apply to situation now.
Make own mind up. I did buy little more last week because investment fundamental have not change & every day closer to very important RNS.
π¦
Petro China petition no connection to Petro Matad investment - just check details.
Date of initiation: 23:11:10
Signatures: 1,326
Required: 100,000
Also PSC for Petro Matad already very good for Mongolia Govt. This is why those who say 'Mongo Govt save oil for refinery" do not understand investment or Govt financial policy.
If Govt try to "save oil for Refinery" (Lol) they lose nearly 45% revenue to Govt from PSC. Why? To save oil?
Be Wise π¦
Researchandhold said //BP is like a stain on humanity//
Correction - Voting period: Start β 2024.01.26 09:36
Finish β 2024.02.25 09:36
Cyber - basically it's a rant about how awful Petrochina are & how the Mongs want more money to allow them to continue being awful.
Guys for those that can't translate it, any chances on what this link story is?
Dowzzaba you say hopefully they get their 51% is there a planned date is something happening by appointment ?
Thanks
Agree BP. And if they decided to renationalise 51% of PC holding, that would cause a very angry response from China that could easily result in an invasion from them to simply take the rich natural resources tha Mongolia has to offer. As they wish to do with Taiwan.
Seeing the strong SP and warm reception that ARM has received on the NASDAQ, I again wonder whether MATD wouldn't be better placed listed in the US. A more realistic view on oil and a better and less risk averse environment with deeper pockets. London is looking a troubled and unpopular market for shares. I mentioned this about three weeks ago, but the SP uplift of ARM this week is proving my point.
Views anyone?
Researchandhold said //BP is like a stain on humanity//
Not sure if I'm reading it correctly but it looks like a petition requiring 100,000 signatures got just over 1300 since it was launched 4 months ago. Not going anywhere is it.
Great find Master. Hopefully they get their 51% and we can all move forward. This is the type of info which IMO benefits us investors to try and understand what is going on, on the ground in Mongolia.
This 100 times worst than watching paint dry!!
Most likely that is the case. And not only retail investors but Petrovis too. They are losing a lot of money but strangely continue to remain silent. As if they are not in their own country where know everyone and everything but if some kind of partisans captured deep behind enemy lines preferring to die than open mouth. Everything is strange in this Genghis Khan desert reserve where brigandage and robbery were and remain the most honorable occupation...
Still feels like we're being held to ransom?? GLA
Its all about locals wanting more share. 51% share in PC. Lol
https://petition.parliament.mn/Detail?id=2f44adf9-9a8a-41d1-91e5-33a9f0820960&fbclid=IwAR0Gr8xhpgWHX52OLCxk4PkUjViTWoAU3vHvXd5arb_DSERnQ8LVrFQcnTc
Yea - unless RNS on monday, won't expect anything for another week due to lunar new year
Well , nothing will be happening this week as its Chinese new year and everyone will be on holiday with their families for the coming week
All regulatory admin and signatures completed apart from the dornod signature that was needed for this permit so really you can say the permit is good as home once we know dornod guvnor has signed it and the ministry has it over to matd
Really thing this could be all done and dusted in the next week or so, got a feeling next week
But the major hurdle here was to allow matd to make the funds and for the finance ministry to approve it as the money is coming from a different source other then government accounts which I would think take about a month itself
β³
It was pointless going to the cabinet when we have to go back to the local governor.
Wasted a year behind cabinet approval.