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Found some money down the back of the sofa over weekend , so first thing tomorrow it’s going in PM .
Not much but at these prices and so close to transformational news it’s a no brainer . All aboard GLA genuine investors
Joining you Doc83 for a beer but please, RNS on the 9th after I’ve topped up my ISA on the 8th.
35p only a matter of days away. Exciting times indeed!!
ATB & GLA
Borrowing might become an issue but we have no idea what SunSteepe might be bringing in yet. It might be nothing but i might also be enough just to pay running cost bills.. Who knows i know i do not so do not just assume the worst.
Money raised by borrowing or by issue?
Borrowing becomes easy once you have income and the repayment can be geared against revenues whilst protecting the SP.
Let's see which path this goes down.
It will be the start of the drilling season soon and matd are well placed for this to begin.
Stop bickering about a placing and a dilution until this is on its way. The rest will fall in place and we will be better placed to see the result and if anymore needs to be pumped in.
GLA
Also cash running low from mid year according to MATD
From MATD results RNS
The Company raised an additional $6.6 million funds in February 2023, which provides sufficient working capital to operate beyond mid 2024 as a going concern, as well as commencing appraisal and production operations at Heron oilfield in Block XX, and drilling a high-graded exploration prospect in Block V.
MB clearly states money needs to be raised to get production ramp up.
https://www.youtube.com/watch?v=QVBJVi-6gy4
I keep track of lot of development because of lack of RNS - do not even bother to post lot of this but enough for me to increase holding (again) on Wednesday.
Everything there if you don't ant to find it.
🦉
“Next week could be the week where this rns lands”
Deja vu?
Happy Easter!
Let's hope April is the one
Next week could be the week where this rns lands its been a month now since the land use agreement was given the government ahead to be completed and signed off,
Expecting big buy back plus fomo starting Tuesday
No one has posted anything today.
So - header says all.
Happy Easter everybody.
…within 2to 3 months .
Pays to read it all if you can ?!
Badprofit are you still invested here, I don't recall you ever answering that question, would be nice to know what your thoughts are on share price prediction too any tips on other shares ?
Researchandhold said //BP is like a stain on humanity//
// looking back at having missed out on a 2 or 3 x bag .//
WOW! - that's a HUGE come down from the usual hype - losing faith?
Rookie72- try more research and less pessimism . You will kick yourself in 2 -3 months time with H1 on stream and you looking back at having missed out on a 2 or 3 x bag .
Dont let the past puddle your view of the future - economists refer to bygone as bygones - very thing is constantly in a state of dynamic change .
LOL - yes, stay out & make sure you do not buy! 😏
🦉
Avo, we found oil over 3 yrs now, and it may seem that we are close ....but what has really changed? Except some paper work and it hasn't really made any difference to the outcome, we still don't have lp! You would have thought it would be in mongolia interest as much as it is our to get the oil out of the ground as possible right? So there must be a underlying issue that none of us are aware of, each stage complete the goal post is moved and each stage is worse that watching paint dry.
''35p price level will be hit again am (almost) 💯 sure of this - all do own research.''
Are you expecting a 10 times share consolidation here Mr WOS.. perhaps because there are so many shares in issue?
If yes, header not say it all, Sir
If no, header say it all, Sir
And Buck may already have the Mata Sum LP signature but is dovetailing it in a DQE partnership deal with a head of company signature for financing H2,H3 etc etc and timing . We already have paid for kit and 2 week working in ready on H1 .
All ready for May start ! GLA genuine investors - ignoring traders
Deatail is everything so while person tell everyone to calm down better to look into this to make INFORM investment decision.
Only person who "won't sign" is Provincial governor - this is for Plan B Special Certification path so let us look at this first.
Special Certification already passed by Cabinet but Provincial governor say small land overlap - this have NO legal base AND (very important) Central Govt power can overule this.
BUT PERMISSION ALREADY AGREE WITH PLAN A - Local District permission which have backing of Land Law.
No problem with Mata Sum "won't sign" - it is AGREEED and waiting for paperwork draft and signature of Mata Sum & Petro Matad company.
*This may already be with company just like when people wait for RNS about money transfer from Finance Ministry - Company (should) but do not need to RNS this.
They prepare for Drilling Season 2024 and this is position now - unless they say otherwise we moving into PRODUCTION / REVENUE this year!
🦉
Calm Down Everybody.All i am saying is .IS nobody bothered about the mongolian's not signing a bit of paper.They no they need the oil revenue BUT WON'T SIGN .If MATAD don't get the voil out this year they have no chance and any Companies wanting to do business in mongolia Will not if they have any sence OK THATS MY RANT OVER .TUESDAY 3PM LOL
Cyberplonk, people are allowed to change their minds. I remember one member on here who was very critical of the Mongols, just like avo333, but he’s now super positive about the situation. Here was his post just back in December:
“do you guys here really think that matd will actually exploit oil? i don't think the mongolian locals will let you, these guys are. so dumb they wil over look the fact they will suffer long term and die out due to now investment in their country, this is just a dumb vs dumb situation, i think matd should pull out and tell the world don't invest in this sill **** country and let them ******* waste away”
Best you sell up avo333, you seem to be affected by this, you keep changing your mind on a weekly basis on your onions