Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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All negative news is out of the way now. from here onwards it should all be positive. Heron to come online shortly to generate income. We are not just an explorer now. We are a producer!!! We have cash in the bank to cover us until July 24'. All other positive news will follow shortly. Whats not to like here? Next news should be positive. Sit tight and stop bickering and don't be caught with pants down!
And when are the local authorities naadam?
My recollection last year was naadam went of for most of August so we'll have to wait and see if it affects the time line.
I hope you are right WOS
15th July Saturday so not relevant for Govt admin
National holiday for Nadam (Govt admin) - 11th-14th July ;)
//Naadam has a long history in Mongolia. Today, it’s celebrated as the biggest and most important festival, WITH THE ENTIRE COUNTRY SHUTTING DOWN for two weeks as locals attend celebrations with friends and family during this time.//
//The dates for Naadam are always July 11 to July 15 – officially – with wrestling tournaments taking place across the countryside before the main festival in Ulaanbaatar and with horse races continuing throughout the summer in soums (villages) across the steppe.//
https://meanwhileinmongolia.com/best-festivals-in-mongolia-naadam/
Thank you for putting us out of our suffering lol
Be Happy ;)
National naadam until 15th July. Local naadams take place at alternative times and Mongolians take 2 - 4 week holiday to attend them.
Ms VG I am perfectly happy thanks because Im not one of the ones who thought that the share price would rocket to 15p or that the land access issue would be sorted out "imminently" and then each week from January,.
Those who believed the endless ramping posts must have suffered weekly disappointment!! and will continue to suffer unless and until they get a realistic time frame in their head.
Mr CaC Answer own Q's maybe better ;)
All know investor have to use intelligent speculation with fact & risk assessment. Should not have to explain this to you really sir.
This derisk (for ne) with ASSET in place & LABD ACCESS.
If someone want ALL answer maybe investing not for them or maybe they need to appear clever but really appear opposite :)
Nadam (National) holiday 11-14th July. Did check this weeks ago. This for Govt admin so one we use.
Hope this help & please spend better time in research & not point scoring sir.
Thus us not about ego sir but making BB helpful for all real investor
Be Happy :(
Mining ministry still active on Facebook. Holidays are only till 15th.
Curious, ok 🙂 cheer up!! 😁🚀
Ms Vikinglass I didn't ask anyone 'how long' if you read my post.
Some on here are suggesting it will be this week and Im suggesting it might not and giving reasons why it might not :)
Curious, no one here can answer "how long" and you should know that too 🙂
Use the filter. ATB
Also you weren't around this time last year. I don't know if you were invested then, but naadam seemed to go on for ages. There is the state naadam and then lots of local ones. It is the national holiday season and Mongolians take two to four weeks holiday and travel home and to other local naadams.
Im not being negative, Im using experience from sitting and waiting all last year and the endless reasons for delays to inform me.
Ignore this person. Not invested, only here to wind people up. Doesn't post on any other board. Work it out for yourself. Why post on here for all the reasons just given. These reasons are confirmed by the person themselves. BP the paid deramper
WOS you're an expert in the "wall of noise" style research and post, but youre not a details man are you ... and the devil is, as they say, in the detail.
The issue staring us in the face is how long is the time period of the final stage between grant and execution of the licence.
Even the Progressive report states "the with the land access issue appearing closer to resolution"
It also says "the company will now look to work with the central Land Agency and local authorities to complete the registration of the area. ASSUMING NO OTHER MAJOR ISSUES Petro Matad can move ahead with completing the Heron-1 discovery well as an pioneer producer and start generating cash flows"
Assumong no other major issues... A wise caveat where PM is comcerned!
Q3 2023 for start of major Heron developments ie coming few days / weeks.
Happy?
Buy or not no problem ;)
Re: Renewable (again which I expect to be massive growth for Petro Matad) expect major China inward investment into projects / domestic supply grid contracts link to battery storage.
Be Happy IN or OUT :)
I recon 5.50p today. Only waiting for crane now.
Crane should be available unlike a rig which need to be booked.
//If you think will take SO LONG like some people (who do not even hold share lol) want you to believe then DO NOT buy ;)//
The question was HOW LONG - if you don't know just say so.
DQE deal also include NEAR FIELD development which is very exciting & MUCH BIGGER / LOW RISK then Velociraptor.
Exploitation Licence give us all extension into Toson Uul Basin which have 2 BILLION PROVEN & PRODUCING in Petro China share & as mr D1nger point out our share is much larger.
Think all understand most likely DQE signing wait for Land access issue resolution. Now all system ready to go for Petro Matad & Shareholders for FIELD DEVELOPMENT / REVENUE.
If you think will take SO LONG like some people (who do not even hold share lol) want you to believe then DO NOT buy ;)
Also NEWS IMMANANT on New Block & near term Renewable contract / first revenue.
(I think RENEWABLE sector will be MASSIVE from own research I have but will focus on very near term Heron development / Revenue).
No one force anyone to buy but VERY Happy to hold ALL my MATD stock :)
First V1 was little bit if fun but I am not in market to gamble like this for pure exploration. I am investor who look at complete INVESTMENT/RISK.
This way I can put more money for more upside with more safety.
First Progressive Report -"(V1) is OUTWEIGHED by the positive news that Petro Matad can now start the Heron Development"
What we all say Land Access much more IMPORTANT then Velociraptor. Now we have it!
"Our RENAV is reduced from 57.7p/share to 26.7p/share. The Special Purpose Land should provide investors with MORE CONFIDENCE IN THE CORE VALUATION" (26.7p).
DQE deal "finalised" (just need signing) for MULTI WELL PROGRAMME & FAST TRACK / LOW COST Heron development.
This is what I look for as investor :)
//The Company will now work with the central Land Agency and local authorities to complete the registration of the area and to sign the necessary contracts required by the regulations on the management of special purpose land.//
Is there any indication of how long this might take? No workover until it's done.
Rookie.
They told us in last Thursday RNS, that in parallel at the same time we have asked drill provider to confirm time table for Heron. So would expect that announcement very soon. May be even this week. They all been on stand by just like DQE who all been waiting for granting of Land Permit which has now been given.
Any chance they can manipulate it up to 26p tomorrow please?
Yes MMs manipulation was at its best today. They started off with that fake drop Pre-open spooking many folk right at the open. They only had a brief window to try it on.
Must say Buyers were equal to the task today. So hats off to all who participated in the swift recovery today to maintain order.