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Correct again Wolverine.... I'm expecting 10% again today
I might as well do the honours….’wouldn’t want to be out of this over the weekend’ ;)
I agree with Dozzawba. No chance for at least 5 years. The whole concept of PM is to be the home grown energy company. Potential is huge.
Let the show begin! GLA
Re: TAKEOVER good point mr Dozzawba and WIN/WIN for Petro Matad. Think obvious PC/ DQE will want it but can they get it?
Also think this will be quick approach by DQE who have strategy of acquisition as part of plan if you look at website
INSTITUTIONAL BUYING will soon leave out small retail trader so this will be other good development I think. Already lot getting push out & more will follow ;)
WOS you are on two and a half thousand posts since January 2023 when you joined the LSE board … all baring 8-10 on MATD … loads of those posts answering your own point.
And you post “please be patient” … I just nearly choked on my breakfast … priceless
That would be great - did I miss an RNS? I can't see anything on the PM website.
Why rise on no news - has there been another leak (DQE perhaps)?
IMO absolutely no chance of a takeover. I believe once the DQE deal is signed and completed we will get an RNS to state that PM and MG have signed an agreement to work closer together. I do believe that DQE/PC will want all this oil for China and will believe they can try an buy out of Block XX, but more than anything now V1 is a duster, the MG knows it has to have Heron oil for the oil refinery hence why i think the IOM was to safeguard Mongolia's interest and therefore PSC's were changed. Just my thoughts though.
Then after all that-would you think a takeover?
Or just one big mother of an RNS then whoosh
This all from INTEL / RESEARCH INFO & intelligent strategy linking.
Your investment your choice. Be happy with it :)
First always just read header if you do not read post BUT please be patient :)
Blitzkrieg - "a short (condensed) period characterized by an INTENSE effort to do something / a large quantity of something arriving"
RNS, RNS, RNS follow by RNS and more RNS in Q3!!
- Heron development (already know all equipment procure). Update VERY soon on schedule
- DQE (all terms agreed & wait for head office sign). We all expected this to happen after land access co firm
- Block XX extension Toson Uul SAME TIME development as Heron with MULTI BILLION bbl Proven & Producing from Basin
- Renewable News / Revenue potential NEAR TERM
- New Block (already know discussions on PSC & fiscal terms COMPLETED in May)
- IOM Meeting update with high level MRPAM/MMHI officials
Mr Positive make very good point in 19:28 post about huge disconnect between target price and current price because of V-1 duster. Clever one know this short term reaction will be replace by stronger UPTREND to find real value toward near 30p target.
The. We have all other development which we discuss where see target projection much HIGHER but will focus on Q3 near term Heron Development / Block XX extension first.
Renewable contract for China infrastructure investment / New Block developments / JV partnerships / Transformation into quasi National Mongolian Oil / Energy conpany listed on UK market we see how this develop later.
Now REAL DEVELOPMENT / REAL REVENUE / REAL MULTIPLE RISE & SHAREHOLDER VALUE in focus on Heron /Block XX development.
My projection / target ROI in triple digit share price. Agree or not no problem. Very rapid move into double digit price first & immanant.
Nadam National Holiday over after today (Sat non working day) - start of INTENSE NEWSFLOW PERIOD NEXT WEEK.
Happy I have my complete holding level already :)
That would be nice but il guess @ 6.3 close
7p close my prediction gla
I’m expecting an interim operational update early next week to update us on Heron production. In anticipation I’m predicting the sp to flirt with 7p again tomorrow. AIMHO off course. GLA all and sleep well tonight. Exciting day ahead ;)
A long way to go here yet but a very welcomed rise that a few of the detractors got a bloody nose with , we know who 😂
My portfolio is looking a lot healthier after today’s rise and long May it continue.
We are at the bottom of the curve and we know how fast this can move gla to all that hold 👍
Ps bring on production $$$$
It'll rerate only when dates for workover are set
There is a huge disconnect between the 26.7p research Analyst price target and 5p
This gap needs to narrow as you will see in coming days / weeks.
LP re-rate unfortunately got stopped short coz of v1 result. After careful analysis for past 3 days market is just realising the disconnect and realising this got way OVERSOLD...simples.
Multiple near term RNSs due should help you arrive at right answer ;)
Landicaamans could be .
Or it could be next attempt by some traders to induce some FOMO and profit from it.
DYOR
Make party soon.?.
(big celebrate ....without feather, Sir.. Mr Wise Owl B+l+s deep in the middle of things.. while Mrs Wise Owl shop for new shoes..)
Exciting times ahead folks. See you all in the morning for another 20-30% rise. GLA
On other matter I know some trader try to encourage holder to sell (for holders own good) LOL.
I would be very careful because Nadam national holiday finish this week & MANY RNSs expected in Q3 with real value of Heron / Block XX unlocking.
Double digits coming & do not think any trader talk will stop it ;)
Be happy & happier soon :)
Mr Nathan
I always ask please do own research but if you are genuine & we can help with reference knowledgeable BB posters will.
You question whether Heron even exists? Yes it does.
You ask "The Heron oil discovery is in a remote area of Mongolia which could make it difficult to develop"
Sir please u derstand most of Mongolia is remote apart from capital Uluunbaatar.
Refinery is prioritise now and should be operational 2025. Until then all oil is truck to Chinese refineries. This is less convenient then domestic refinery but is well used and will not be problem.
What I say about research please listen to what mr Mike Buck (CEO of Petro Matad if you do not know) say on matter.
"Mongolian produce oil process truck through China and sold to Chinese refineries benchmarked to globally traded crude which is about 5% discount to Brent"
"Trucking & operating costs are recoverable under the contract so you get those back" - 12 min 30 sec into video.
https://youtu.be/AzHbQpedtMI
Hope this help ;)
I think you're right Mr P.
This is all looks like going in the right direction.
Let's see