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So lots of bickering by those that are desperate for a quick buck, well you can squirm for it and lose your hair over it lol,
What are the real investors here waiting for? Oil production tats when the actual share price will reflect, so if this permit gets sorted say even late march who cares we won't be able to to drill and produce until then anyways,
Although this permit landing now would be a relief and a step forward I really don't mind waiting as I plan to be here here up to first production first half of this year and hopefully bagging £100k easy money
Quick buck takers this is Al you will ever do and even lose money on some going backwards,
Buy and hold for the gold
Here is what we all need to understand.
Russia fuel crises has made a difference to local attitude towards oil companies.
Only PC operating as a oil producer and not making much contribution.
PM is the next best thing and they need oil to feed the oil refinery.
I Cannot see the governor not signing. As he has no reason to stop PM.
Governor has been taught and expensive lesson by Magnai trade as he refused land access for the very same reason as PM..
3 months and PM should be making money.
Header says it all!!
Project of National Importance & 25 Year Licence + Herders Agreed + Compensation money sent to MRPAM etc etc
Hope this all help 🦉
This bring us back to comment of company on 19th Dec that they "expect this to go through SOON" (MRPAM fund transfer to Local govt).
We also understand that company who are in touch with ALL parties have better idea then poster on BB for timeframe.
This is why many believe transfer ALREADY DONE and signing / issuance process mean will get confirmation any day now.
Remember company do not need to RNS for cash transfer from MRPAM because this is part of process going on already which have been communicated to market.
Be Wise & well Researched 🦉
Mr Aeschylus
"Thanks. I'll decide for myself and I let people decide for themselves."
To hel you will respectfully suggest you check out media from Mr Khurelbaatar Chimed (Minister of Economy and Development, Member of State Great Khural) - Govt Minister who present bill to Parliament.
This will help you to understand issue better and maybe also prevent from misleading posts with this better understanding.
Also maybe take notice of header Mr Positive put up & timeframe - header say all yes?
Be WISE sir & do honest research 🦉
Jazzbo. Followed by
The remaining steps in the regulatory process involving issuance of the special permit to MMHI and the signing of the Land Contract between the Matad District and the Company have been agreed to go ahead once the Tripartite Agreement is signed off by the Provincial Governor.
So the tripartite agreement and the signing of the Land Contract between the Matad District and the Company were still unsigned as at 19th December as was the Finance Minister's approval for an alternative payment of compensation methodology.
All there in the RNS.
19.12.23 -
the Company offered and the industry regulator, the Mineral Resources and Petroleum Authority of Mongolia (MRPAM) accepted that Petro Matad would make these payments. The money has been paid into the appropriate MRPAM account and is awaiting transfer to Dornod Province once the Ministry of Finance gives approval for this to go ahead. The mechanics of the transfer have taken some time for the Government to determine but we are pushing and expect this to go through soon.
As the header states, the accent is on the WAITING !
Block XX Exploitation licence was granted in 2021 with 2 further extensions of 5 years each at the end of 25 years.
Given the delay in starting Oil production, will they add 3 years lost to the 25 year period?
Thanks. I'll decide for myself and I let people decide for themselves.
I suggest you try the same.
Btw
This subject have been in Mongolia news for weeks now (i mention before when people think it about Block XX).
Petition is petition - Law is law!
Mr Aeschylus
You try hard but maybe you are not aware of new laws which put into prison anyone who try to stop Govt decision?
When you have Cabinet decision which is under Project of National Importance you understand blocking this is treason yes?
Think you jump up & down to make lot of noise for own benefit maybe?
Try to research and actually understand law & political developments over even last few months 🦉
It says ban USE as well as OWNERSHIP and it does not differentiate between old and new.
Clearly foreign (or perceived foreign) companies are not popular.
I believe the Dornod governor will continue to try to postpone the matter and use any evidence of voter concern as ground for delay.
So the topic is on point.
Disinformation (maybe deliberate / maybe not) is powerful tool when you have BB where lot of people are not well research - for example like we see We'd where poster tall about New Block development this year even without Exploitation Licence 🙄
When you follow Mongolian news every day very easy to understand - most here do not do misleaders have easy work
Be Wise & do OWN research 🦉
Its clearly for new blocks. Even 10 years is good enough for any exploration companies. They can keep extending like PC has been doing for the past 30+ years.
Fair play to the locals. They don't want to be dealing with bad companies for 100y .
Mr Aeschylus
You need to research better sir - you are mixing up different issue.
I did post about this before with wording of investment proposal and increase of 60 year to 100 year with other modification.
NOTHING to do with Petro Matad and opetations.
Do but more than eearchbtgen come back to BB sir 😏
🦉
Hamm - you really shouldn't be making statements such as ' no risk at this point ' - particularly with AIM stocks. The fact is that there is no such thing as ' no risk ' with any kind of stock market dealings - and it's unbelievably foolish to be labelling a company which has existed since 2007 but has never had any revenue as ' no risk ' 4 or 5 years after it obtained the exploration licence, but has never been able to achive local consent.
I hold quite a lot of MATD shares, and I'm hoping for good news soon - but you wont see me posting ' get in their guys, this is an amazing opportunity, ' or ' this is no risk - a once in a lifetime opportunity guys, ' or similar comments every day on here. Your unsubtle and tedious ramping is not going to influence the share price anyway, in case you hadn't realised this....
Thr petition has 55,000 signatures and 100 have signed since I last posted.
Masters . How do you know it won't affect PM? We know the Dornod political administration are against us. There is an election looming and politicians will be trying to win votes on popular topics. There is no evidence that the Dornod administration has signed anything.
So yes I am and remain concerned.
The petition has gained 20000 signatures in 13 hours.
Do not worry as it will not affect PM.
Not good pre an election period. Current votes in favour 54k since being set up on 22.01.24. Let us hope that all paperwork has been signed.
TERMINATION OF USE AND OWNERSHIP OF LAND BY FOREIGN CITIZENS FOR 100 YEARS
Application
The use and possession of foreign nationals in the territory of Mongolia for the first time for 60 years, and for a total of 100 years with an extension of 40 years, is contrary to national security, so we are demanding changes to the relevant laws.
Number of signatories 54,375
https://petition.parliament.mn/Detail?id=4b6ef5d2-0582-4a79-9906-3376ea53d42b&fbclid=IwAR2P3NigCPcF6umgpCLgNEn3-6Wg0N9zkNqVFJ4tcnqxSl4-FJ8px7onSOc
If MATD is that bad then why are here?
What is your motives?
If LP wouldn't be signed why did they accept the compensation and money transfer?
You surely know that LP is coming and massive rerate will follow!
Guys, MATD will be the best shares of your portfolio in 2024.
Aeshylus, i don't believe its a vote ref foreigners owning land, (ie for exploration etc) but its the period in the clause that states its for 100 years, activists are totally against the length of time. Either way Petro Matad aren't foreigners.
In a few days when RNS drops.the nayers will kick themselves.
They certainly have altar motives here.
Sentiment will change fast when we get land access permit.
This is certainly a matter of short time.
The upside is massive guys.
Every day is closer to RNS and we know this News is not small need but will be Transformational for company.
Also longer we wait more chance to include other important News - we see how mr Mike Buck like to put lot of news development in single MEGA RNS.
Even though I think cash transfer already happen and just wait for final document am glad this take us CLOSER TO DRILLING SEASON START.
At moment we have good price support with buying in any dip around this level. RNS should see straight RE-RATE and stronger price build up.
Not interested in all other Aim share gamble that people cry about when they get wipe out - not GAMBLER but INVESTOR.
This why I build up MATD holding & not run around like so many amateur investor / traders lol.
Be WISE & focus on INVESTMENT 🦉