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This is original video I want to share before nitpickers sabotage discussion (in English) from Regional Development Meeting.
This is important and about Regional development / budget which need to help local I dustry for revenue. Dornod rely lot on oil production / mining.
Also mention Renewables in other region where Petro Matad focus for this.
Hope it helpful to real investor
https://youtu.be/MD7FS48IkpE?si=1pAggk1EggKDsVeU
🦉
[English below]
REPRESENTATION OF THE PARLIAMENT'S SEAL DEPARTMENT VISITS BRITAIN
As part of the "Strengthening Parliamentary Democracy in Mongolia" project implemented jointly with the Swiss Development Agency, representatives led by the Secretary General of the Parliament D. Enhbat visited Britain from January 30 to February 2 of this year to learn about the British Parliament. studied experience. On this occasion, the delegation met with Tom Goldsmith, Secretary General of the House of Commons of the British Parliament, and got acquainted with the activities of the Department of Foreign Affairs of the House of Commons, the International Parliamentary Affairs Group, the Standing Committee on Petitions, and the Research and Information Center (Library). Also, a breakfast event was held with James Gray, chairman of the All-Party Mongolian Group in the British Parliament, and some members of the group. In addition, they met with representatives of the Westminster Foundation for Democracy and discussed the possibility of cooperation.
******
But these last few posts won't get us anywhere.
All posts ultimately contain guessing and assumptions - great! Where will that get us?
Mr Aesychlus - Yes I like to share research. No need to respond also.
Mr Doc - one who read BB know what you did try to say about about Mr Buck and New Block THIS YEAR - happy to help you understand this better 😏
Think you waste enough BB spacexeith sillly nit picking yes?
Be Wise 🦉
"Speculation is build in part of investing - investor do research & analyse risk v holding level."
Agree. But your posts are full of "WILL" "GUARANTEED" "Multibagger!".
"lso when Mr Doc start asking "what if Mike Buck decide to drill New Blocks this year. Again ones whivdud research have to correct him and say CANNOT happen before EL & EIA are complete - again BASIC thing but lack of research from him can cause problem."
Ooo, you do like to try and manipulate - When did I ever say they would drill this year? I did say that be it this year, next year or at some other point in the future, that we are still committing to paying to drill/explore these sites. I hope you are more accurate when doing your research on MATD and relaying it to everyone else here, Chinese/WOS whispers and all ;)
Aesychlus - I like to do RESEARCH and SHARE.
What? So you're claiming you're on LSE day in day out, acting out of altruism?
Rubbish !
No need to respond.
MATD is one of LOWEST risk Aim stock I know with HIGHEST upside against this risk - in my opinion from research
This is why I can have confidence in making bigger position here.
🦉
Speculation is build in part of investing - investor do research & analyse risk v holding level.
This is BASIC stuff sir so do not try to twist thing.
Mr Aesychlus - I like to do RESEARCH and SHARE. Like when myself (and others) have to correct you on post you make about New Investment Law when you tell everyone Petro Matad may lose licence (lol).
Also when Mr Doc start asking "what if Mike Buck decide to drill New Blocks this year. Again ones whivdud research have to correct him and say CANNOT happen before EL & EIA are complete - again BASIC thing but lack of research from him can cause problem.
Even last week I try to share some very positive development and look what happen!
Think one who have agendas are one who mislead and other who have been already catch out talking share down while he buys at same time.
Reader here who have been here some time know but do not expect you two to admit this.
Be Wise at least 🦉
"Do not think you really understand about what speculative nature of investing is!"
WOS, are you suggesting MATD is a high risk, speculative investment? And not a low risk, guaranteed winner?
WOS If you are such a successful investor, why are you spending all your time on LSE trying to control the debate, instead of simply enjoying your wealthy life?
Mr Aeschylus - be more accurate!
I said expect Cabinet Special Certification which take longer because of Ministry change - when I give timeframe estimate I was 1 day out!
This final permission thru local council can see RNS 'any day' - this is true still and we can expect any day - think update 19th Dec RNS show PROGRESS which is something I say all time.
Remember when someone say "what if this" what if that" and get INVESTMENT PARALYSIS yiu have same people on HE1 before nearly x20 bagger rise over last few day - "what if this, what if that" does not help you make investment decision - better put money in bank.
Better to do( Intelligent) RISK ANALYSIS - I do this with MATD and understand with asset they already have, oil price projection, Govt support & Budinesss strategy very easy to make investment decision - then wait.
Because RNS company making & open up all other Newsflow can ignore "what if, what if" and focus on important points for my investment.
Money invested - Multiple ROI 🦉
WOS, you have been saying investors can expect the required confirmation RNS IMMININANTLY for over a year now, so there does seems to be something significantly amiss somewhere in all your 'intel, analysis and prognoses'.
Maybe a wise owl might want to exercise the ego a little less?
Mr Doc
Do not think you really understand about what speculative nature of investing is!
OPPORTUNITY is when you look at all Intel and make investment decision - what if this? What if that is like someone who say "What if I go out and bus hit me" - INVESTMENT PARALYSIS!
Think I make case very clearly in posts today about NEWSFLOW (RNSs) , FUNDING (how it apply in real cost situation - posts 11:37 & 12:13).
It also cover cash situation statement by company 🦉
We investors need to at least expect that - unfortunatley - not everything is honky dory. In other words (and I am usually quite optimistic):
1. PM - for whichever reasons won't receive the LP in time (April at the latest) to arrange anything other than a further equity increase. We've seen this many times and it's sickening.
2. We may have smart posters on this BB but none of those know what's going on behing the scenes (and there is plenty going on you can be sure).
3. Clearly the question that remains is: Do you - as an investor - want to bet on the success of PM should they finally get their act together? (whenever that should happen - we've been waiting quite a while now!); or do you chose to bail out and call it a day?
I for one am sticking to PM (and hoping for the best).
GL to all.
Researchandhold said //BP is like a stain on humanity//
Has PM struck a deal with anyone to sell the oil it may produce in future? Surely would be in an RNS?
WOS - I'm saying until we get another update from MATD on the finances, it is wise to assume cash will run out end of July. Also, things can change dramatically, for better or worse. And as we know, MB said we were fully funded in December 2022, but 6 weeks later did a raise!
Funds, heron is covered, funds show good till end of July, we could and should be producing oil by then, if any money is needed will be minimum, if any money is to be raised it will be done after heron permit and all lined up for production drilig as by then the share price will be way way higher and a small raise won't move the sp,
Well let's hope so this is Aim and this is the most reasonable outcome I can think of
Mr Doc maybe read my post 12:13 again and what they need funding for.
Operational start at Heron covered. If like you say operation do not start then they only need overhead funds with Heron funds still in reserve.
If operation start which we expect we get more flexible options so do not think at all limited funding requirement fur overhead need to be organized so well in advance.
Think anyone who have run businesses can work this sort of details out and why lot of small private investor fall over own feet.
🦉
I post lot of I yel and clever ones will understand how it fit together for complete investment picture for Petro Matad.
This is from Regional Development Forum few days ago and maybe people begin to understand what happening with Province & Sum budget independence / sector specialisation.
Also why all committees in Dornod / Matad agree with company now & support oil production. Same with Renewable they mention in other province.
https://youtu.be/MD7FS48IkpE?si=1pAggk1EggKDsVeU
🚀🦉
We know we have cash until July 2024, but we don't know at this stage if we have cash beyond this point, so thinking SENSIBLY we have to assume we won't. Any sensible company would not leave funding to the last minute or gamble on the Mongols coming good, and risk going bust. And so would start to explore funding options well in advance. This is LOGICAL ,sir.
MB like the rest of us will be hoping Heron is sorted ASAP. This will make funding, be it a market raise or loan from the likes of Petrovis, much easier to arrange. But if it drifts to March/April, I think MB will put the wheels in motion for some kind of raise.
It is 5th Feb today - cash until "at least" end of July.
We do not have Cabinet level permission to get thru now & compensation agreement with herder already finish with cash transfer to MRPAM in Dec.
Also all cash for Heron operations cover and Renewable capex not needed until 2025. Also we know New Blocks will not be develop this year because of EL / EIA for them.
Think any cash raise will be LIMITED and so do not think it needs be so well in advance.
This is just logic 🦉
Real_talk_xd - we could do with another update from MB on this. It could be we have plenty of cash beyond July 2024. However, if it only runs until July 2024, then if the situation with Heron drags on much longer, they will need to at least start considering how to replenish the coffers. WOS - they will not decide this in July and will do it well in advance.
"cash sufficient until AT LEAST end of July 2024" - Production should be before then with workover of Heron 1 take a couple of weeks.
RNS we expecting will be company making and open up all other NEWSFLOW with higher share price from this.
Production give more flexible finance options then we had when NO production with NO land access!
Think that point simple to understand 🦉
What is the cash flow like currently? Will they need to do a raise before production?
Yes, everyday is a day closer! But how long have you been saying this?