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Thornogson, there certainly is much more to this than meets the eye. Corrupt practices are at play. If you doubt that this is the case write to Mike Buck and ask him to deny that he has been/is faced with corrupt practices holding up this project. I think you will be surprised by the answer if indeed you get one.
MATD/ MB will get sorted the last stage. It is already 4 months since SL secured.
Some posters are trying hard to create uncertainty, fear etc for their personal reasons.
MATD will come good fast. Rerate will follow asa the last step sorted.
It is WIN/WIN for all side mr Thorgasson sir.
Mongolia priority is to have independence in energy supply & fu3l shortage now show this.
China need energy supply. China & Mongolia berry close relationship.
DQE deal talk about OFFTAKE part.
Heron online production with full field development & Block XX extension help Mongolia with fuel supply I dependence AND China supply with offtake part of DQE deal.
This is why Mr Buck talk about all smooth dealing with Petro China on this matter.
Poster who try FUD maybe help if they research all this fact for better understanding of complete picture 🦉
I suspect that the Mongolian Government's general mindset at the moment, at a time of national fuel supply crisis, will be to keep as much control as possible over it's own reserves and supplies?
Petro Matad will be in the box seat having Mongolian 'roots' as it were.
I suspect
Also understand local govt now deal DIRECT with MRPAM / MMHI to get local signature complete so mr Mike Buck not directly involve so this is nonsense talk of replace mr Buck and progress will be made.
Progress is made, Herder agreement agreed, Cabinet approval under special status pass and now final stage local signature which CANNOT be deny by law.
FUD get expose by research of facts to focus on INVESTMENT 🦉
Very easy to accuse a poster of posting FUD (Fear, Uncertainty and Doubt) Horsers but:
:Definately more to this than MB cares to share with us more mortals.)
Is about the ultimate example?
More subtlety please Horsers, no one likes to be treated like an idiot.
Horsers
This is where RESEARCH help mr Horse even if you probably do just insult as usual for me to say this.
First this discussion already have happen before so do not think will be great issue or problem to get over.
Second like mr Buck say "MRPAM on BOTH side of negotiation". This is because they have some legal right over land lease / use term.
He is in DIRECT contact with MRPAM & Petro China. BB poster is not.
BUT
Always say it is your money to invest how you want. Be happy for one who do & base on all factor which push in direction of final local signature & COMPANY MAKING RNS!
Focus on investment with ALL factors RESEARCH 🦉
Ojay I beg to differ . I see every reason why the LP won't be issued this year. 51 days until the end of the year btw.
Even with a LP issued there will be further obstacles that the inept MB will have to overcome. Dealing with the Chinese and DQE for one who quite frankly will have us over a barrell I'm afraid this has a lot further than to run yet and hence the current SP.
Couldn't agree more. A one trick pony for sure. False promises and excuses time after time. No transparency whatsoever . Definitely more to this than MB cares to share with us mortals.
This company needs a new management and this will start to go up. Someone doesn't have the knowledge of running a company effectively.
Look at GBP . Shares are up as soon as shareholders demanded the removal of company management. Shares are now on the uptrend.
5 years he couldn't solve a riddle . One well is what this company is revolving around.
Sooner this USELESS Management go the better.
Thornogson: Unfortunately, the SP would have had to rise quite a bit more to make up for yesterday's loss.
But as WOS and other posters mentioned repeatedly, the result of a single trading day (positive or negative) is irrelevant. Important is the overall development. The picture will get brighter and brighter as soon as the final permit is cast in iron - and I don't see any reason why that shouldn't happen this year.
ATB
It went up by about as much as it went down yesterday.
For no obvious reason one way or the other.
Market Makers have to feed their families too you know.
ICblue: 300k shares @2.7p is excellent - well done!
Looks like a pump and dump, no easy money in todays market.
The 1418hrs 300k transaction should show as a Buy - It's mine!
They're all sells and they're all buys.
Not sure what the obsession is.
AND THERE IS OTHERS TODAY
That looks like a sell to me ???
Looks like today,was the end of the downtrend..imo
3.4 mill trade,just there
One thing did cross my mind and wondering any people know actual answer.
What is the reliance of China on Mongolian oil or is just a small bit part in their overall energy program.
Petro China are being pulled over the coals by the MG now whether that is for show or for real i have no idea. But i suppose we will find out soon either from current meetings in Eastern Province where local dissatisfaction will voice itself and part of that voice could well be the mess that PC have caused and doing nothing or something about.
So if PC have license withdrawn and sold or given to PM (return for share or percentage of rights) what obligation or need do China have to take the oil being extracted now by PM and not by their company.
We end up dressed up for the night with no where to go until the pipeline comes and MG has no local oil being produced.
I think the PC exercise is purely to show a crack down to local people and not get followed through.
There's a long term plan to meet a real need:
The national self sufficiency of refined petro chemical products in the near to medium term.
And Petro Matad are integral to this process.
Am I missing something here?
You are correct however as well as being quite hefty there are more individual buys than normal
Https://economictimes.indiatimes.com/news/international/business/meil-secures-rs-5400-cr-crude-oil-refinery-project-in-mongolia/articleshow/104041291.cms
Hence we have taken the back seat on the bus.
Don't forget we went down yesterday .so there is nothing brewing .We are not even back to yesterdays price