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Master
It will likely be completed. However the fact the investment has been used elsewhere in Mongolia demonstrates problems with corruption.
That in turn raises questions related to how the alleged corruption has impacted Petro Matad and all investors cash.
Four years for an LP raises serious questions. I sent an email to Doz this morning that backs this up.
The underground for the OT project was permitted in a year. That’s a $6bill project, and yet Matad cannot get an LP for a project will take weeks to get into production.
WHY, WHY, WHY ????????
Condom Man.
Not so Walter Mitty now is it buddy.
Paid fools like you have no place on a BB where real investors want to understand all risks, all intel so they can investigate further.
I feel strongly enough I will write to the British government Monday.
Bowley why are you interested in a small cap company when you are/were involved with the giant Rio tinto. Doesn't make sense.
What you say about the refinery doesn't make sense either. If a project has been started then it will get finished even if it costs double..
India will throw more money at it to save their investments. INDIA has more than a billion stuck in that refinery and I can't see them not completing it.
The Condor man.
Should shut you up !!
I think it’s you that is the nobody.
https://www.thisismoney.co.uk/money/markets/article-12390411/amp/Rio-Tinto-boss-Jakob-Stausholm-tearful-apology-bullying-claims-mining-giant.html
This share is not going to see 7p in any way shape or form. If we get no news it will drop but when we do get the news it will open at double the current SP at least and probably closer to 10p. It will then re rate ;pretty quickly above that once we get details of any deal with DQE also Petro China.
Has anybody considered (or is it a non starter) selling a % of find (especially if Gazelle proves up) to PC ie 10% to get right so the refinery and they get to maintain that 10% even when the Mongolian refinery comes on line and the rest goes through the Mongolian Refinery. Could that be a way ahead or another route ahead.
Doc target was 10p but I will soon need money for new business venture .
If it gets to 10p I'll be very happy man.
"go and do your own research."
lol.. and exactly what research have you done .. posting unfounded b/s isn't research
"you don’t know me. you have never been to mongolia, you have no connections in mongolia"
it's exactly why you are a 5hyster. you are a no body appearing out of nowhere and having these delusions of grandeur. not one news outlet, journalist, has even hinted let alone reported anything on the lines of your b/s. your connection to mongolia is in your Walter mitty imagination.
* inferiority complex
Pathetic little 5hyster bowley... having a dig at someone's english is a classic sign of insecurity and inferiority comples. scraping the bottom of an already worn out barrel.
Master, don’t kid yourself. You’ll never sell at 7p
what kind of a wan--r is mike buck he has single handedly decimated the share with this interview which said nothing at all to benifit the share just the same old ****e he said before as soon as i am back in profit be it only £1 i am out nearly 5 years now and this stupid mongolian society can't even sign a bit of paper
Well said Bowley
If there is going to be a raise the sp will be manipulated upwards just like thet have done several times.
7p and ill be happy.
//shareholders do not want any more dilution.//
It doesn't matter what shareholders WANT just what MB thinks he NEEDS to keep PM afloat (and his salary rolling in) until the company can produce some revenue (& hopefully some profit).
trouser owl,
go and do your own research.
you don’t know me. you have never been to mongolia, you have no connections in mongolia.
you are a paid desk jockey that buys his trousers from c&a.
the amount of absolute ****e you spout day after day is embarrassing. if i was you i would go and improve your pigeon english, iron your new trousers and read back over the last year some of the absolute crap you have written.
you have no idea what’s happening in mongolia.
you just spout a narrative that is misleading, a lie and based on zero fact.
Oh, please MB, no more updates like this one. Keep schtum!
No use crying over spilled milk. But why did MB think he needed to even do an interview? Why not wait until things got going instead of causing confusion and uncertainty. There is no money for other projects and shareholders do not want any more dilution.
He wasted money at Velociraptor when he could have put all energy in Heron instead gambling. Now he's talking about more gambling when Heron is still not on stream. Put Heron on stream and stop wasting time and money please MB. So you want more blocks, do you have the money to follow up, no, not yet. Sometimes it's best to keep quiet than open your mouth and cause damage.
Mr Bowley
Are your pants pulled down enough yet or do you need more exposing as Fraud? 😂
Could be future material for the "Abandoned Engineering" TV series. LOL
"Structures of steel and iron eerily stand unfinished after they were abandoned midway in construction, covered in weeds, moss and rust, the show explores what they could have been."
Bowley this was posted on the 18th of July.
It's very unlikely that a national project will stop.
1.2bn for Refinery plus pipeline cost is not exactly huge cost for a country that wants independent energy policy.
THE OIL PROCESSING FACTORY WILL BE COMMISSIONED ON TIME
It can be said that India is a third neighbor, a dear and close partner for Mongolians. U. Khurelsukh started the big strategic project of building an oil refinery with the country when he was the Prime Minister. Before the festival, the President received Om Birla, the Speaker of the Lower House of the Parliament of the Republic of Belarus, Om Birla, when he visited Mongolia.
At this meeting, which took place in a friendly atmosphere, of course, the Oil Refinery was mainly discussed. Mongolia is almost 100 percent dependent on its northern neighbor for fuel. If the family turns off the faucet, all life stops. Therefore, the Oil Refinery is a very important project directly related to national security and economic independence.
Speaker of the Lower House of the Parliament of India, Om Birla, during the meeting with President U. Khurelsukh, said that the Land Project Processing Plant will be put into operation on schedule. It is an important message that the financing of this project, which is being implemented with the country's highly discounted loans, and other works will continue without hindrance.
Mr Bowley I will call you dishonest in your post without hesitation sir. What you say is bizarre.
Maybe you need new insider contacts 😏
Sometime desperate people post desperate thing on BB.
- Refinery Project us VERY IMPORTANT part of New Vision Initiative for Mongolian Energy Independence
- It was even mention in US framework talk last week
- Year of anti Corruption 2023
- All Minister / Govt official have to show Incomes / Assets
- Indian Minister visit few weeks ago to directly view / check on project - SATISFIED
- About month ago direct visit by Prime Minister & law change to help Manpower / Raw Materials which did slow down refinery construction before.
- Refinery project was put on higher priority for completion
- Indians will have own auditing & stage payments.
Like I say Indian Minister did visit only couple of weeks ago and was satisfied with progress.
Then we get poster who say "the refinery investment from the Indians has been spent by the President" 😂😂. When this is all going on did he run down to Bubble Tea shop to spend all refinery money 🙄
Understand also very important point. Govt of Mongolia get revenue from PSC with or without refinery. Refinery is about bigger Mongolian energy picture not just about Petro Matad.
Someone mention we had in country Mongolia consultant who did say "his contacts told him Exploitation Licence would not be granted". It was granted couple days later 😂
Think all BB have poster who say they have insider knowledge but little research usually pull there pants down very quickly!! 😂
Mongolian refinery update last month
https://youtu.be/gafcEmZZWn0
The Sp dropped because we have a CEO who always has negative effects on SP every time he opens his mouth .
We have an incompetent CEO who thinks he can the company from sitting at home in Singapore at the expense of the shareholders.
Very good potential with proven reserves and we are sat around waiting for paperwork due to our silly mistake.
Hi guys, can anyone tell me why the big drop today? I thought that if heron is comming online soon to generate cash flow the SP would go up, not down. Thanks in advance