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wos you are a fraud. most people here know. lse knows but doesnt care. we are getting closer. little ****er
Researchandhold said //BP is like a stain on humanity//
I don't really like to nitpick (no really!). But enough is enough. WOS the word you are looking for is IMMINENT.
And Mr WoS lets start simle... not ISP.. IP. Yes sir. Good sir. Now go back to rampjng good sir. Soon wise. Be a thief
So MR Wos a guaranteed RNS by you this week?
And a guaranteed by you multibag?
Why are you selling SiR and not taking my offer to buy shares in big quantities?
Please explain. Very wise and honorable owl.
Post I make this morning which explain header -
Cabinet Approval - time needed to prepare documentation & schedule discussion in busy Cabinet schedule
Local Govt Agreement - time needed to AGREE compensation terms in including amount & alternative pastures. This involve lot of discussion with Petro Matad company, MRPAM, MMHI, Land Agency, Local Govt and Herders.
When you see how many parties involve talk about timeframe for "just a little signature" make more sense.
Cash Transfer - ALL TERMS AGREED / CASH IN BANK. Is not as complex as other stages so is reasonable I think to expect this immanant!
🦉
Doc, not that everything here is fast/ smooth!
Just watch mr Bate V the post office. 20 years past and the postmasters/victims are still waiting for compensation from the government. Now tell me about incompetent people.
There's a club (share bb) if you'd like to go
You could meet somebody who really loves you
So you go and you stand on your own, and you leave on your own
And you go home and you cry and you want to die
When you say "it's gonna happen now"
Well, when exactly do you mean?
See I've already waited too long
And all my hope is gone
You shut your mouth, how can you say
I go about things the wrong way?
I am human and I need to be loved
Just like everybody else does
If Mr Mike Buck who is MUCH closer to action say "SOON" but mr Doc who is nobody poster say other - will believe Mr Buck thank you 🦉
"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."
"Once the Ministry of Finance gives approval" - can MB let us know if they've approved this?!
And...
"The mechanics of the transfer have taken some time for the Government to determine"
Are they stupid? The mechanics have taken some time to work out?!
And this is why it could take plenty of time yet. We are dealing at best with incompetent people, at worst corrupt.
"In meetings facilitated by the Company, all the herders have agreed to be compensated. Under the legislation, the compensation payments should be made from the State budget but recognizing that this could be a very slow process, 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."
Absolutely bargain price. It should already be 9p and it will soon.
RNS=double digit.
£10 shares probably hamm he bought 1 share the other day
And don't comeback.
Oh it did, someone spent £10 to buy shares at 4.20 😄
🚀off we go 🤩
Price hasn't moved?
🚀off we go 🤩
"The Ministry of Mining and Heavy Industry (MMHI) has also signed, leaving only the Governor of Dornod Province to sign. He has said he will sign once the money to make compensation payments to the 10 herder families impacted by the certification of the area has been transferred to the Provincial Government account".
In black and white.
Last signature and off we go.
Mr BP
Price will do what it want, how it want - you will notice most people who have obsession with price are little trader who make big judgement on day move.
I look for fast track / low cost full field development with 7,000 - 10,000 bbl a day production. Of course other development Renewable etc also happen in this time.
This is my investment timeframe / goal. If I can share my own research with BB during this time I will.
Lot of good honest investor here also & not just ones who play games on BB
Be Wise & focus on INVESTMENT 🦉
Researchandhold said //BP is like a stain on humanity//
Happy New Year all! (except R&H)
I'm just wondering that when the LP fails to deliver the much-vaunted re-rate what will be WOS's next target for kicking the can down the road - Heron workover begins? First oil produced? Summat else?
Think you will find lot of company ARE investing in Mongolia - they do not care about opinion of BB poster lol.
They have expert analysis of country / economy / investment structure and can see how this push toward improvement.
Did post lot on trade missions last year in luding visit by Macron, reports from major banks even visit by UK trade secretary Ms Nusrat Ghani.
Lot of country jumping to invest in Mongolia so do not worry lol
Do research 🦉
Header says all
Wos: No one say funding will not happen
Again a new tune. But fits with him selling now. Good luck Wos.
I have enough info now. Byebye
Well this gives a strong message to companies wanting to invest in Mongolia (DON'T DON'T DON'T ) A sloth as more speed than these Nobheads
"sufficient working capital to operate betond mid 2024 as a going concern AS WELL AS commencing Appraisal AND Production operations at Heron oilfield in Block XX" - Final Results RNS 20th June 2023.
No one say funding will not happen BUT options very different for Zero revenue explorer to REVENUE GENERATING PRODUCER!
One who wait because they want to see how this go maybe miss point of investing in upcoming major shift of company to Production - also all other developments which fast track low cost / full field development.
🦉
You're not wrong WOS, it should be quick.
I agree entirely and I'm sure that 'funding' covers only admin, staff expensed etc
Funding will come from somewhere, hopefully after LP granting and share price re-rate.
Raising money to produce and sell oil is money well 'spent' and we'll get it back in Spades.
As ever with MATD, best to push the expected news date far out. End of Q1 probably about right. However, if we go into April with no materially good news, then I'm fairly sure MB will raise. Funds until July 2024? Yes. But any sensible CEO would never let it get any nearer than a few months before he makes sure the lights can be kept on. Of course, they could cut some costs or withhold pay until we get that good news.