The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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//Researchandhold said //BP is like a stain on humanity////
Oh dear! Conflating current fuel supply problems with the prospects for PM in several years time really is clutching at straws.
By time of Dornod Mining / Oil Investment Conference whole of Mongolia will ONLY have 11 day of A1-92 fuel and about 13 day of diesel.
Dornod Governor, MMHI, MRPAM will all be present. You think Domestic production (Petro Matad) will be discuss at Mining / Oil Production conference in Dornod?
Nothing much happening? Lol
It is being discuss NOW intelligent person will think 🦉
Researchandhold said //BP is like a stain on humanity//
//BP
What a SLN you are!
( Sad Little Narcissts )//
I'd rather be what I am than what you are!
HOVD province first one to start run out of fuel - 9th Nov "There is a shortage of fuel in some areas of Hovd province, there is no A1-92 gasoline at most gas stations, and there are interuptions." - Source: montsame.mn
A1 - 92 only have 19 day of fuel left for whole country!
Nope! Nothing new here!!!
Hoping for satisfactory red dot!!!
Otherwise, PLAY NICELY, keep the BB free from a B.TCHFEST.
Price Rise when RNS come?
For me this is not big discussion because of timeframe for holding thru full ACCELERATED field development & PARALLEL est 3 BILLION bbl Toson Uul development.
BUT
Think mr Hamm say it right with ROLLING GOOD NEWSFLOW / RNSs - DQE, New Blocks, JVs, Renewable Updates, First Revenues etc
ALSO
Think LARGE BUYERS who look to PRODUCTION / REVENUE will move in to replace small holders. People talk about my triple digit target but just on know asset target is more then X10 current price.
Large holder will look at this more seriously then small holder and understand Petrovis will want ROI so dividend will be quicker then people think.
Just look at price move & low volume yesterday to maybe understand how UPTREND will be.
Make own decision but this post is logical view with no time waste of emotion / insult to other.
Be Wise & focus on Investment 🦉
Header say ALL!
- Dornod (Mining / Oil production) Investment Conference NEXT WEEK organize by Mining Ministry and held in Governor meeting hall with MMHI / MRPAM official there.
- Mongolia running out of fuel (A-80 gasoline will last 12 DAYS, A1-92 last 19 DAYS, A1-95 last 30 DAYS, Diesel Fuel last 21 DAYS) Source: MMHI
Special Permit final signature WILL get done and why local govt willing to bypass full process. Even if they did try to block they cannot by new Laws which mean imprisonment.
With FUEL CRISIS and Project of National Importance all can see WILL happen and think very soon now with situation & MMHI/MRPAM direct dealing with local council!
RNS red dot will be here very soon.
I agree Dozzawba.
Consensual agreement is the best option going forward.
It helps that they'll want the money, they might perceive Petro Matad to be a better option than Petro China and they might recognise that they and Mongolia need security of energy provision and there's an element of helping and supporting your country when it asks for it and needs it too?
Objectively it looks like this should happen for all the stated reasons.
But when all's said and done if it doesn't then Central Government might have a back up Plan B that simply involves imposition by rule of law?
They've changed the law to allow it to happen because they recognise that it needs to happen.
One way or another it'll happen in 2024?
IMO I believe everything is being geared up to us getting the sign off very soon. IMO I think we will get it this year, don't think we will be exploiting that oil until early next year though which would be frustrating.
Even though Central government has passed the LP, I still believe they don't want to overrule the locals. Ideally they want them on side hence the meeting arranged and set up by MMHI in Dornod province for Nov 16th/17th titled Responsible Mining and locals invited to have their day. Also at the same time Petro China have just been given a deadline of Dec 1st to clean up their act environment wise. Threaten of closing their business if not sorted. Another bit of news which I believe could be good for PM is that Dornod province now is responsible for their own budget, surely revenue from Heron oil should fall in their hands ? So another reason for us to get the LP finally signed off.
As said all in my own opinion, hopefully it comes to fruition. We have waited ruddy long enough.
Too true, too true and everyone should seriously consider their options, I know I will at anywhere between 10p and 20p.
Most here can probably look back with the benefit of hindsight and see where not continuing to hold might have been the right call in the longer run.
That said with Heron permissions falls and pull backs should on be temporary with shares changing hands to newer longer term holders with subsequent rises to be expected as milestones are reached.
Bottom line is if you're holding now and permissions are received for the Heron well makeover and Field development you'll do very well for yourself whatever time frame you have in mind.
The Million Dollar Question however is will it come, and when.
Local meeting
November 14 in the conference hall of the Eastern Polytechnic School
1. Land. 2. mining. 3. child protection. 4. Will citizens and enterprises actively participate in the open
discussion with the experts of provincial agencies in the field of environment and exchange their opinions? Contact number 88588950.
According to the request submitted by Sh. Ulambayar, a citizen of Kherlensum to the governor of the province, a meeting to provide information to the citizens, receive feedback and open discussion is planned to be held at the Eastern Polytechnic College on November 14, 2023, and the program has been approved.
Therefore, please deliver the announcement of the meeting to all members of the team in a timely and accessible manner, fully prepare the hall for the meeting, and organize it together.
Thornogson - I hope you’re right. But when you look around similar stocks, it’s chastening how often their SP doesn’t rerate like you might expect production might. I’m just guessing like the rest of us, but I wouldn’t be surprised to see MATD spike to say 10p, who knows, maybe even 20p on the hype, and then rapidly fall back. That’s when I think the big money could be made or lost.
BP
What a SLN you are!
( Sad Little Narcissts )
A Share Price re-rate may well be better from a 7p base than a 3p base in the short term but quite quickly it'll be determined by the hard financials that are underpinning the company:
Oil price, profit margin, daily production volumes with extra added on for the perceived value of future plans and developments: new fields, more wells, renewables etc.
Heron is huge for Petro Matad but it might just be the beginning?
There's a whole load of land out there that might contain oil and drills are cheap.
If we have news after news/ license permit follows with DQE then the share price will be much higher.
Hopefully this time MATD comes with a rolling good news to appreciate the share values.
It is 4 months since we got the permit. It is time MB gives us the RNS we all have been waiting for so long.
We all deserve a great news after years of waiting.
*CAN’T quite understand!! *
“WOS, if you think the LP will drop tomorrow, by all means say it, but say it once per day”
^^^ this.
And BP, if you’re going to filter people, just do it. It’s bizarre when you do this but repeatedly then unfilter.
I’m sick and tired of the Mongolians stalling all of this. I can quite understand it when it is to their benefit and they have such a ginormous country… it’s not bastardising massive %’s of their country’s land and will have huge benefits to them.
The problem with the SP falling is that if/when this does come good, the SP in the immediate term might not be what we hoped… much better to have good news from 7p than 2.7p etc. Of course, if you really do believe WOS’s hype (formerly PhillipTan and an almightly terrible individual) then I suppose you’re alright waiting a little while for 100p.
Another 1m+ buy.
We had the same yesterday.
Amazing how BP dislikes WOS so much that he has forgot how to use the filter button for WOS, like he uses for everyone.else.
Also laughable that he won't comment on anything Okay/SS and myself now, because he has been called out that he can't stand losing control of those filtered comments. Bet the filter, un-filter button is worn out on his keyboard lol, sad little narcissist
Researchandhold said //BP is like a stain on humanity/
//I sleep like egg//
There's gotto be a yolk in there somewhere!
I sleep like egg 🐣LOL
Be happy & trust research 🦉
Researchandhold said //BP is like a stain on humanity/
A few green boxes - just ojay/SS/dozy filtered.
Surprise!
Researchandhold said //BP is like a stain on humanity/
//You can sleep easy with that thought I trust?//
I'd be surprised if anyone with serious money in PM sleeps easily!
Mongolian oil is amongst the cheapest to extract anywhere on Earth with highly advantage extraction/tax and duty terms.
The lower the crude price the more competitive they'll be compared to the other fields.
The higher the crude price the more money they'll make compared to the other fields.
It'll produce at profit for Petro Matad and its investors at whatever the price is on World markets.
You can sleep easy with that thought I trust?
Today was fun!
Same time tomorrow everyone?