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I am not too worried by this a lot of this is traders using a quiet period with no news to continue trading in and out. If my last lot of shares had not been bought at a high i would be doing the same thing. At the moment just hang tight this will come good in time. If this has gone way beyond your time limits or you are too stretched get the hell out this is a share that will induce enormous stress levels over the short term.
Quite frankly when you have this amount of oil and support of government i seriously think this will come good. Anyway i am really hoping so. One bit of positive news and things will rebound rapidly.
Professional- some not very good deramper argument in there! You must want back in as a lower price before things actually take off.
Negative? No just a realistic scenario. And if they do raise I will re enter. I think thisnis what they will and should do.
I am still positive for the lt. Not the st. Everybody their own strategy. We will see cheers
You are out of this now so why do you keep on with your negativity. Be positive in your other investments. professional
Yes Banks would lend against the asset when oil is flowing.
But at what interest rate given market rates and fact this is mongolia it will be high....
And ofcourse all cash from the asset will have to be used to service the loan so equity financing is for sure more flexibel and maybe also cheaper....
Flipside ofcourse more shares outstanding so dilution and short term lower sp .
At what price do we guess they could raise money? My guess 3.5 imho dyor
Once Heron oil is extracted and sold - Mongolian (and other) Banks will be lining up to grant credit lines, loans etc.
Companies always say they have enough cash ... but still they do a raise when possible..
Focus is on getting strategy executed not on shareprice maximalisation so do not think they would mind some extra dilution. Like they did in February. An update from CEO would be welcom
Plenty of cash available. Enough to drill 4 more holes and put heron online.
Heron equipment already paid for.
If we all empty our piggy banks we have enough π
I beleive Heron first oil will help with π°π°
Do we have enough cash, several posters said we had enough until July 2024 but the statement in the June RNS seems like it was worded with a get out clause, read the RNS paragraph below.
""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.""
SP will rise with news
IMHO
ATB
It's about time Mr Buck woke up and gave an interview or at least a podcast or two. The long-suffering shareholders need to know about the immediate plans. This will also help the share price as 5p is a nothing price.
Hear not here
//Zak Mir target end of this month 8p//
I'm guessing most people invested in MATD have a "target". Whether that will ever be achieved is another matter.
Where is WOS ? I want to here more about the "multiple RNSs". SP will fall with no news.
Zak Mir target end of this month 8p
On the 3rd day of my trip with the district party committee members, I arrived in #Choibalsan, Eastern province. π²π³π²π³π²π³
Today, I got acquainted with the activities of the MPP committee of the Eastern province, had a friendly conversation with the chairman and leaders, and exchanged opinions.
I would like to thank you for the success of your work!ππ
In the eastern part of my country, the summer is beautiful and the weather is calm.
Just incase people missed it over the weekend
https://twitter.com/smasters2020/status/1680194978545385475?t=v9swfFAaSYXV8sDH2fKgOQ&s=19
Last 2 paras interesting. Possibly IOM meeting
https://www-montsame-mn.translate.goog/mn/read/323310?_x_tr_sl=mn&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc
Refinery pipeline work begin in Matad soum.
π£π£Attention of citizens βββ
On the order of "Mongolian Oil Refinery" SPC, "Norinco International" LLC is carrying out pipeline works for the oil refinery. An improved dirt road is being laid as part of the preparatory work for laying the pipe, and the citizens will be informed about the work. The announcement will be made on July 18, 2023 at 14:00 at the Cultural Center.
Citizens, please participate actively.
Hi MP
What did petro china offer for 100%?
Heron Oil field looks to be lot bigger on the map.
One of the best Oil quality discovered in Mongolia much much better than even Petrochina wells.
SOCO International first 2 wells from Block 19 across the boundary on their side 19-13 and 19-14 flowed at 350 Bopd. Huabei Oil services (subs of Petrochina) was the drilling company who then bought 10% stake in Blocks 19 and 21.
5% was held by Petrovietnam
85% SOCO
10% Huabei oil services
Petrochina later made the Offer to take 100%.
Heron-1 flowed at 850 Bopd which is more than twice the rate vs Block 19 early discovery. Petrochina later had 25000 Bopd producing from 50 wells at its peak dropping to around 16000 bopd currently.
New Oil refinery needs 30000 bopd.
Heron Oil field will need to plug the 14000 bopd shortfall and will be fast tracked. Blocks 19 and 21 are the only ones producing oil currently in Mongolia with Block 20 to come online pretty soon.
Institutional Investors and Fund Managers should soon be adding MATD to their High Growth stock portfolios in my view.
Gazelle I think is potentially 500mboe in place and 200m recoverable
Sorry to admit that no, I have not been to Mongolia. I would very much like to go. The vast expanse of the open and empty spaces does appeal.
I wouldn't want to live there as I don't speak Mongolian and whilst I would love the vast empty spaces, I do like the finer things in life. Good wine. Good architecture. Varied cultures. The arts. Fine food.
Having spent a lot of my working life in Chile and Argentina, travelled the world quite well and visited many varied places, I have settled on the IOM.
Whilst I would love to visit Mongolia, I maintain my no thanks position to living there.
I am obviously too comfortable and arrogant and happy to stick with my choices regardless of my ignorance....!
Thank you for that Master must admit i do not remember your post. But 15 wells would be fantastic and with >800bopd it might be possible within a year to wipe out the accumulated loses. Unlikely but not impossible.
You are right he did not use those words he used "The well came in close to prognosis" which in laymans terms roughly translates "to came in almost as expected". I fully understand the need to drill and why which is unfortunate at this time we could not get a covid extension but my point was the way he expressed it.