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3.40/70
atm
Delighted to say I was wrong. I didn’t expect to see 3.8p today!
So far share price has reacted well, maybe some big orders in the wings?, or just another trading day, with fallback this pm, whatever good to see.
Master, from sept 22,
Just a decade ago, Indian GDP was the eleventh largest in the world. Now, with 7 percent growth forecast for 2022, India's economy has overtaken the United Kingdom's in terms of size, making it the fifth biggest. That's according to the latest figures from the International Monetary Fund.
Not considered Vietnam yet?
Landicaamans - has it occurred to you that it's central government which is transferring the funds to the provincial government, and not PM directly ? Given that PM have already paid MRPAM, the delay in the Ministry of Finance then transferring the funds to the provincial government is probably to ensure that everything is legally watertight. I can't see how this governor can wriggle out of what has been agreed when the central government makes the payment - it might possibly be different if PM were paying them directly. I would imagine that the governor would be in very hot water if he reneged on what has been agreed.
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.
This section tickled me immensely!! Wondering how much compensation the herders will receive 😱.
N1 - I think the fact this has been going on for years means that there will be skepticism this is really it. Only once we see a barrel of oil filled will I be totally convinced. But on the whole, a mildly positive update today given that I had already written off 2023.
Very happy with this RNS. I think the people who have been carping non-stop about PM's management need to realise that the detractors have little to no idea of what work the staff of PM are doing on a day to day basis. I can't imagine that the regional governor will block anything now, once the payments are made to the herders. I'm pretty sure now that we will be extracting oil once the weather allows this.
I had to smile at the bit at the comment "the mechanics of the transfer have taken some time for the Government to determine" given that it's PM which has stumped up the money, and the ministry simply has to transfer it over to the herders - only in Mongolia....Anyway - I am very confident that we will have the governor's signature quite soon - certainly soon enough to start extracting the oil in the first half of 2024.
Surprised with such a good RNS that the share did not soar a few pence like it did earlier in the year
Researchandhold said //BP is like a stain on humanity//
//Let's just hope April 2024 we are at heron working and making money//
There's very little chance of that I'm afraid.
Let's just hope April 2024 we are at heron working and making money
.
Unexpected update prior to Christmas so well done BoD.
I believe we're finally at the turning point and if so this SP would be amazing value.
GLE and Happy Christmas and very prosperous New Year !
I WAS EXPECTING THE LP.
REMEMBER when the mpram minister said 3 months and we are 14 months and nowhere near..
When LP arrives that will be progress.
We have no solid news on any fronts.
We are hoping and we would like is the norm here
Master if this isn't progress then what is it?
You sounds like Manro now!
Rerate fast soon.
Still no progress. Copy and paste.
NO REAL PROGRESS.
Governor has a personal grudge .
Let's all hope 2024 is prosperous and we get some revenue.
There, then this will re rate accordingly
Herders agreed with compensation.
Matd has paid the money.
Needs FM approves and fund to be released.
LP imminent.
“Investors will start to take position knowing only need money transfer. ”
There’s always just one more thing that needs to happen for MATD!
Progress in every level.
Money paid by MATD. Needs to be released asa FM approves.
Land signature is close.
Great news guys.
Away till q2 2024
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.
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.
Wos want you want is irrelevant
You want the same everyday and never get it.
Cash raise always comes before cash runs out
Today rns and you see market reaction
Go stopping or still not able to sell as much as you need ?
Be happy. Go away till next. If you do i will as well
I want to see UPTREND now for reasons in post from today 06:19.
Price going up daily / weekly for big overall rise as clever investor start to take position for company making RNS / rapid full field development / Production / Revenue
This is what INVESTOR want to see & today RNS set this going now 🦉
Very good RNS update, all positive and only patience is required, Merry Xmas & Happy New year to all genuine investors.
Cash until "at east July 2024" - believe that it not. If no stay out of investment until you satisfy lol
Be happy in meantime 🦉