The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Plan A - Agreement reach end of Feb
- Do not need to RNS physical document imo just as did NOT need to RNS cash transfer in case of Herder compensation (even though BB posters INSIST it is material and need to be RNS
*Mata Sum very small and no big beauracracy!
Plan B (Special Certification) - signature of provincial governor needed but do not have.
Plan A does NOT need Plan B for actual OPERATIONS!
Not as complicated as some BB poster want it to be.
Ones who make big fuss now are probably same who getting ready to Buy as days count down (they have history of this) 😏
🦉
How many times have we heard the word "soon" days ago weeks ago months ago years ago. Always soon but soon never arrives . Oh well we have 8 working days for a ground breaking operational update . Why do I know . ? Because WoS says so
In addition, as outlined in Note 18(b) the Group is required to meet minimum exploration commitments on its Block XX Production Sharing Contract (PSC) of approximately $6.0 million.
This could also put some pressure to raise i n time next to the fact dilution will be bigger if market really is going to price this scenario in. All imho dyor
Are we going to get a fundraise? Some facts
Cash balance june 2023: 8.4 mln
Yearly spending without renewables: 3 mln
Lets be generous: 6 mln left.
Same as end 2022 when we got a raise not much after.
Add in they have said they also need funding for renewables......
Lets see what they say at AGM
@Doc
I grant you that the matter is not resolved. But that doesn't mean that its not going to be resolved very soon.
If the matter is not resolved and no mention in the the AGM and RNS of how the board are going to resolve this than you would expect this SP to sink wouldn't you??
Lets see. I am taking the view as most here do that this is going to go north and we will see a big Improvement .
Hope I am wrong. Lets wait and see.
GLA
You trying to convince us or yourself cyber??🤔
Cyber - if it's all been approved, why do we need to wait for the signature to start producing oil?
The land use agreement is just that an agreement on rules and law on how we behave and use it, it's all approved nothing needs approving any further, when it land it lands and maybe already done and dusted and needs Mike buck to sign it and his probably delaying this until his back in Mongolia again for the AGM,
Main things are once buck knows it's done he will start the operation on getting everything sorted amd people on site, so wait till AGM hopefully by then it's all done or we wait longer if there is teething issues around this agreement where they need to have the say so or legal teams look over it, but it's getting done just needs time
Jimithebrush - spot on.
These shares I have are parked up, and having been in here for a number of years with numerous false dawns, I wouldn’t be surprised if we are still waiting for oil to flow come 2025. The Mongolian wheels of industry turn at an extremely slow rotation - but I would love to have them probe me wrong - and for the person they asks what Mi j Buck - it’s simple, he continuously bangs his head against the wall with pure unadulterated frustration 😡
Header says all.
Another thing to consider. Looking at the activists' videos, the weather is clearly a lot warmer. In fact, it looks 'drill ready', and yet we have no news updates. Mike Buck may like to put out a large single RNS, but the company is obliged to RNS anything that may have a material affect on the share price.
That said, things could change any minute.
Yet we know it’s been a hard winter and the activist got mad when learning of hhe $200k compensation to ten herders .
Plus donation of 130 tons of fuel
"And whilst maybe, technically, the company doesn't have to RNS that the aforementioned agreement has been formally signed, its a pretty important step and considering the extended delays that long term shareholders have had to endure, it would be extremely inconsiderate if the company to not to do so at the earliest opportunity.
Therefore, my view is that currently, as of this moment, the matter is not resolved."
Agree with all of this ^^^
AGM logistics tells me there's going to be no significant news until afterwards and likely after the elections too. AIMHO and would love to be wrong on so many levels, MATAD still being played. "Is there going to be any production this year"? 🤔
And whilst maybe, technically, the company doesn't have to RNS that the aforementioned agreement has been formally signed, its a pretty important step and considering the extended delays that long term shareholders have had to endure, it would be extremely inconsiderate if the company to not to do so at the earliest opportunity.
Therefore, my view is that currently, as of this moment, the matter is not resolved.
I will be watching the trade levels closely over the next few days as we lead up to AGM.
Any hint of trade levels increasing will give you a heads up to whether we have good or bad news on the way.
I believe that all is. In place and it is a matter of time.
However this is MATD and Mongolia so nothing is for sure!
This bit. We await an update.
We are hopeful that the Provincial authorities, who are holding up the Special Purpose Certification of the Exploitation Area, will not disrupt in any way the District's approval process, but we remain vigilant.
We dont need to guess. The situation was spelled out in the RNS un March. No update since.
Operational Update
Block XX local level land use approval: In light of the ongoing delays in the completion of the process by which the Company's Exploitation Area is being confirmed as State Special Purpose Land, the Company has engaged with the District authorities to secure local level approval of land usage. At a meeting of the Matad Citizens' Representatives Committee at the end of February the Company's application for land use in 2024 was approved. This approval covers all the areas in which the Company wishes to operate during the year. The approval means that the land use agreement can now be prepared and signed by the District authorities and by the Company and it will allow our planned operational activities to go ahead whilst the Special Purpose Certification process is completed. We are hopeful that the Provincial authorities, who are holding up the Special Purpose Certification of the Exploitation Area, will not disrupt in any way the District's approval process, but we remain vigilant.
Does anyone have a clue what Mike Buck does all day besides spend his well earned income LOL
Mr Furion - you may want to check out Plan A which is district sum Agreement which they already have!
Provincial governor signature is for Plan B Special Certification land conclusion.
Plan A allow them to start Operations and why they have started preparations with Contractors.
Discussion on this BB is whether local Sum (Matad Council) have completed paperwork after Agreement in late Feb / RNS 1st March.
My understanding is Company do not need to RNS this since they have already RNsd AGREEMENT REACHED and paperwork being prepared (1st March RNS) - same way they did not RNS transfer of cash by Finance Ministry when BB poster say they must.
Some BB poster say they must RNS finish Paperwork but mr Mike Buck see example above - also Mr Buck like SINGLE BIG RNSs.
We also look at 132 Tonne fuel donation to Mata Sum on 21st March (probably as thank you 😏) & 23nd March meeting if protestors at Mata Sum office where they show hard time.
Good to keep up all Intel ten can make more CONFIDENT investment decision.
🦉
“Doc, would you be allowed to do 38k thought its a limit of 20k, it just caught my attention that the sp did not reflect”
Viking - they might have sold other stock in their ISA to cover the switch. Either way, it doesn’t look like a straightforward buy or sell.
Roxy, best time ever to buy? Hmm, there’s been better, like when it was 2p! Or it might be in 8 days time. We’ll know very soon.
I’d becoming a white knuckle ride for me I’m fearing the governor has eloped and without his signature we cannot proceed for whatever bureaucratic BS government will say we will create a special ruling to override him or hold a meeting to replace him etc I don’t know this silence giving me the PREMis
GLA
This ride is getting interesting as we approach tha AGM in approximately 10 days time.
If those still sitting on the fence and are undecided i can't see them ever taking the plunge as this is the best time as ever.
True the board has a lot to tell us and its also true that its been quite a delay but this is AIM and it should be expected.
GLA
Certain wannabe shorter on here is living in fantasy land, claims his shorted but he hasn't even told us when he opens one and then it's come to fruition,
Mond a few times he has tried this on matd but share price went up 😂
Just sad individuals just let them think they are winning although most likely depressed and stressed with losses
You will find the closer to major news and share price move about to happen the more derampers and negative posters appear on every stock, then they all disappear after the RNS lands and share price rockets,