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Ms Vikinglass I do understand this but also that research of subject matter help to understand WHY and IF so can invest with more CONFIDENCE.
First we have official company statement - "sufficient cash until AT LEAST end of July 2024"
You will say but company was fully funded before but did raise? Yes but NOT for RENEWABLE JV - company only had identified possible partner at this stage (RNS Dec 2022).
With research if explosive sector growth in this am VERY please company involve so raise at time add value imo.
Now we are FULLY FUNDED and can see no indication in RNSs / Interviews why raise needed until share price MUCH HIGHER with OPERATIONAL PROGRESS / REVENUE ON LINE!
This is from research analysis and not fear.
Hope you had good Xmas & do not wish you insult in any post 🦉
"Significant progress has been made with the Matad District authorities with one outstanding issue at the Provincial level still to complete"
2024 the year when this finally comes to fruition?
Seems the ducks are aligned correctly and patience will be rewarded .
GLE
WOS "People like to throw placing in chat like this is dirty word lol."
I just speak from bad experience having been in Matad on/off for a very long time 🙂
This easily would be double digit guys.
Great time and great opportunity.
RNS any time follows massive rerate.
Me too. Yakky New Year to you all 😊
It is what it is.
You base your decision to be invested or not on what you see and know today.
I'm invested for 2024.
Another wasted year has passed us by, as it's the last trading day of 2023 let's hope for the sake of everyone's sanity that 2024 is the year of the yak. All the best everyone and a prosperous 2024 🎉🥳
We can ask Q how did SP push from 3p to 35p in only 6 weeks few years ago?
Think better to look at DEVELOPMENTS and very very important move from Explorer to PRODUCER / REVENUE GENERATOR then focus on single price - question is why confident of UPTREND!
- RNS Final signature due any day
- RNS Operational Preparation Update
- RNS Operation Start /Production
- RNS Block XX extension Toson Uul (est 3 BILLION bbl)
- RNS DQE JV confirming
- RNS New Blocks & details
- RNS Renewables update
People like to throw placing in chat like this is dirty word lol. Funds "sufficient until at least July 2024". (Last extra funding needed for SubSteppe JV for ones who like to complain).
Drilling activity / expansion base on LOW COST operations with offtake element to pay. Production revenue mean can get access loan arrangement. If any future placing should be much higher price.
Big difference when company are REVENUE GENERATING.
People can agree or not but I expect DIVIDEND / Takeover bid by next year (Petrovis will want some ROI now). This is just extra I put here but discussion really about NEAR TERM PRICE CATALYSTS & STRONG UPTREND over coming months!
Be Wise & focus on INVESTMENT! 🦉
Cybertron, please walk us through how to get to 15p please?
At what sp do we expect a fundraise (at what price) and how do we go from there? 🙂
Great post thornogson, sounds good,
Anyone think 15p plus on prouduction or more ?
Only a small purchase of an 100 but PRTDF OTC up 108% 😊
There's a veritable raft of RNSs due to drop though BP.
Once the Regional Governor signs his bit of paper this will be the hot oil stock.
I've been on AIM for a long time and I've seen how hot a hot oil stock can be. There's a tongue twister in there I think?
RNS after RNS, permission, funding, Heron Field plans, Workover date and completion RNS with initial flow rates.
Tick, Tock, Tick, Tock ...... Ker Boom!
Researchandhold said //BP is like a stain on humanity//
Ah - ICblue - welcome back stalker. Hope you had a nice xmas, keep up the good work.
UPTREND is what I expect NOW for ALL REASONS GIVEN ( will not repeat because people will say I repeat myself).
NET PRICE GAINS WEEKLY / MONTHLY with strong newsflow on multiple front!
Be Wise & Research Investment 🦉
BP aka Stain - "Anyone looking at the charts can see see this is a lie" And you're the expert on when is a lie not a lie! Waste of space!
Researchandhold said //BP is like a stain on humanity//
//(Overall net gain every week/ month)//
Anyone looking at the charts can see see this is a lie - it's only risen since mid-December & now flattened off. Grasping at straws WOS!
Uptrend! 🦉
(Overall net gain every week/ month)
Tick Tock.
Slowly Slowly.
We're getting there.
Researchandhold said //BP is like a stain on humanity//
Here's me thinking they went about on horseback & burnt yak dung for heating! No romance anymore.
Hope everyone has has good Christmas.
Latest from Dorno. Governor listing fuel restrictions
✅ Gasoline will be provided without restrictions to herders camping and searching in Matad and Khalkhgol sums.
The working group "Supervising the sale and transportation of petroleum products" is working to regularly monitor gas stations operating throughout the province.
In the past, the stock of AI92 gasoline and diesel fuel in Matad, Sumber and Khalkhgol stations of NIC Ltd. in Halhgol sum has been increased, restrictions have been set as much as possible, and the herdsmen who are camping and searching are being provided with fuel without interruption.
From today, the Eastern branch of "Sod Mongolia Group" LLC announced that it will cooperate with the decision of the Special Commission of the province by increasing the supply of AI-92 and Diesel fuel to the gas stations located in the 19th and 21st fields of the PSA oil.
Also look at BIG increase in finances / loans from banks to develop Renewables in Mongolia - most I do not post because we focus on very near term Block XX RNSs due.
I watch RENEWABLE sector development a lot but understand Heron development is PRIORITY - For my investment timeframe this is position to be massive & attract even bigger institution funds.
Mr Hannes Takac from European Bank of Reconstruction & Development in interview today
- "the question arises whether there is enough energy supply the entire MINING INDUSTRY. Energy availability is one of the MOST PRESSING issues for mines" To solve this problem he talk about Renewables - this is tick for Petro Matad who target this renewable application.
- He talk about power transmission infrastructure. "Considering that the Govt of Mongolia is aiming to EXPORT ENERGY (Renewable) it will be necessary to build a high voltage line to China" (this will be Govt level capex).
Source: bloombergtv.mn/news/h23h1
Thusxate both areas Mr Buck did mention and SunSteppe is involve at highest level of Govt as you see with Hydrogen storage conference in Japan with Prime Minister visit.
We focus on Heron field 7,000 - 9,000 bbl day production but Petro Matad have position brilliantly in Energy Sector working very close with Govt in muktiple areas (just look at Tender process develooment for New Blocks).
Petro Matad will not be small Aim stock for long but this is full discussion for other time.
Buy or not but company will develop with or without small private investors.
🦉
And back to kindergarten we go!
So so boring and frankly pathetic.
Researchandhold said //BP is like a stain on humanity//
WhiteMan - I didn't report you, I was quite surprised when those posts (and my soliloquy re Xmas drinks with MB) were removed. Calling someone an idiot who IS an idiot isn't name-calling IMV.
Thornogson, quite right on your assessment of the value of posters like WOS and of course your very fair free speech for all stance on posters like “The Stain” that add nothing to the Matd investment debate and seek only to disrupt but frankly these BB’s always seem to attract narcissists because of the attention they can garner by merely being disruptive . It’s a sad fact of internet life that they get more of a hearing and are shown more tolerance than they would in real life . As the saying goes “… empty vessels make the most noise..”