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Doc imagine waiting years for a return.. add in some of the believers only have a million shares...then a double is nice but not at all life changing...
Now add in fact chances of this happening below 50% as you say and it is just zzzzzz
It will be interesting how the last twenty minutes of trading will bring.More sales today than buys but price is holding well as most people know that when the news breaks it will be very good for lth's
You do talk utter conkers, Roxy! In recent days: "Rise now imminent. No question about that
Folks you are looking at 8p plus here."
"If the RNS is on its way tomorrow or Wednesday consider this at 8p as a minimum"
Today: "Operational update soon or not this is not an investment that will change fortunes overnight... The simple facts are that many have jumped here in the belief that a few quid can be made quickly and that an RNS will open the treasure trove."
I'm sure many would consider a 100% rise to be making a few quid quickly?
Roxy very good and balanced post.
I have nothing against Matd or people investing with a positive view on it as long as it reasonable like yours.
I just dislike rampers like Wos hamm CyberWoose that want to trick people for their trading profit. Because unfortunately they are not as stupid as they sound.
If 'quickly' means 6 to 12 months then I'd have to disagree Roxy.
12 months time.
Heron wells flowing and filling Petro Matad's coffers nicely.
Further Heron wells/field development planned and paid for out of income for 2025.
New blocks assigned and being worked up/seismics for frontier exploration, other drills nearer to home already identified and partially de-risked etc.
Details of SunSteppe renewable plans etc.
Lots of news, lots of developments, lots of RNSs.
Care to put a Market Cap/Share Price on that? Minimal if any further raises/dilution required from here on in.
Operational update soon or not this is not an investment that will change fortunes overnight.
But one which will gain momentum with more income as and when generated. The simple facts are that many have jumped here in the belief that a few quid can be made quickly and that an RNS will open the treasure trove.
That is something that Defo is NOT going to happen.
The sp will be in a much better shape than it is now but we are really looking at a long term investment.
GLA
Confusion amongst everyone here now, although land access approved for go ahead with operations we still don't have the permit In hand that will be upon land use agreement contract signed by both parties,
So we have approval
But not permit until we sign the land use agreement,
Land use is very important in current Mongolian climate where PC has caused so many problems
Thanks, WOS. I don't need to add to my millions of shares in MATD.
I would like the suggested news offered in the last RNS by MB and also supported by your leak from the British Ambassador that the drilling would happen at the start of the season. Nowish! Not before the end of the season!
That's all.
No problem make choice to wait for RNS before Buying 👍
🦉
"If you think Matd can proceed regardless, then I would like for MB to state that. But he hasn't."
And that's the nub of it, right there. MB and MATD RNS's are always unclear/open to interpretation, as has been mentioned by several of the sensible/balanced posters on here.
Thanks WOS.
I do disagree. It is like the new locks that are being awarded to Matd. This has been confirmed but will not be actioned until the autumn, after the elections when they can sort the necessary paperwork out.
This is also how I read the situation for the permit to start drilling, but hopefully this will come before the election.
I think 10:17 post explain this.
🦉
Thanks, Wos.
I do not think this is right. I think they have it passed but not issued. Those are two very different points. That is why MB has stated that they need to be vigilant and keep an eye on the process, because of they don't issue the permit, signed and stamped, they are not authorised to proceed.
That is what I am.concernedt about, the potential bureaucratic delays of the Mongolian system, preventing drilling and work to commence on time and as early as possible.
If you think Matd can proceed regardless, then I would like for MB to state that. But he hasn't.
“People still do not understand - Company do not need to RNS physical signature of Agreement if they have already RNSd Agreement.”
I’m not suggesting they should or should not. But it will absolutely be confirmed at the AGM/operational update if it has been signed or not. If the answer is yes, I fully expect a moderate rerate. If it’s no, well…
It is Correct - Agreement is price sensitive and fulfill all contract obligation. Need to be RNSd
Physical signing is technicality of contract fulfillment. Does not need RNS.
Like I say - lot of people talk but do not understand!
Be Wise 🦉
Researchandhold said //BP is like a stain on humanity//
// Company do not need to RNS physical signature of Agreement if they have already RNSd Agreement.//
BALDERDASH!
People still do not understand - Company do not need to RNS physical signature of Agreement if they have already RNSd Agreement.
Shareholder may want it - maybe it is good thing for PR - this is not how CEO mr Buck operate and people should understand this about him by now.
Maybe ask why Mata Sum get 132 TONNES of fuel and what document with Financial albterm was that protestors do upset about on visit to Mata Sum office.
AGAIN - make choice to NOT buy or sell holding to (really) be align with your posts! 😏
🦉
MMs after all my holding
My expectation remains: further delays. Fundraise. Opportunity to buy below 3 again. Rinse and repeat lets see
Lots of balanced posts today . (Excluding wos hamm and CyberWoose ofcourse).
And Doc i also want it at 10. So i can short from that level....4.5 without news....on good news from higher level as i agree this will fall back
Hamm - you said before the last RNs that ' there is no risk ' even before the District Committe had voted in favour of Matd's land access. Imagine what would have happened to the share price if they had voted the other way....
Manxkippers ; I think what you wrote are good points. Therefore I presume that the current risks are ;
1) 'Once signed ' by the District Committee as was stated in the last RNS does not provide a definite timeframe. 6 weeks have so far elapsed, yet the timeframe might turn out to be 2 or 3 months. We just don't know, and that's the slight issue. The AGM is at the end of the month, so if it is still not signed by then presumably we will be told.
2) Plan B if the governor is still obstructive might possibly result in injunctions and delays.
So right now, nobody can say for definite that plan A or B will bear fruits in the next few days or even weeks - we just don't know. I am optimistic on the whole - there has been a derisking since I first started buying back in 2019 compared to where we were before the last RNS. However, I am cautious when I hear overt ramping given that someone on here said even before the last RNS release ; ' buy now guys - there is no risk. ' I also don't believe that on a positive RNS that it will suddenly rerate to 30p or 40p. I think it might spike quickly to 10 to 12p and then pullback sharply to 7 or 8p. And then after that we will await further RNS releases.
What an investor should consider is mid/long term prospects of the company.
MATD has proven abundant of light oil with minimal cost of new wells.
Forget about quick box of here and there!
Operational update = big boys get in= rerate
The risk is near zero v 10 bagger.
Your money your choice.
Enjoy the rise guys,
As Manx says, this is the key bit:
A land use agreement is now being prepared which, ONCE SIGNED, will allow 2024 operations to go ahead. Has it been signed? We'll find out soon!
"Do not know how they calculate there 'chance of good RNS' figures lol."
I assume that's aimed at me. I've not given a specific figure, but I'll put it another way for you - I think it is more likely we'll get an operational update at the AGM confirming we are still not quite there, i.e. more delays, rather you view that we'll get the green light to start producing oil. You think different, fair enough. Let's see who is right in a few weeks.