George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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I'd have thought to put a little pressure on Petro China to play ball/help out.
They might make money from transporting Petro Matad's Heron oil but similarly they are effectively competition for future oil blocks etc?
Does anyone know if it's common for mrpam to participate in these kind of meetings? and why it's not just Matad and PetroChina....π
"the Mineral Resources and Petroleum Authority of Mongolia (MRPAM) discussed with PetroChina Daqing Tamsag, the operator of the adjacent producing fields, various options to process, export and sell Heron crude during the initial phase of development and negotiations on the operational and contractual details are ongoing."
Rookie, do you not have Google translate? I'm not sure it will all fit into one post to translate. GLA
Apart from telling the truth I'm quite happy to debunk any posts I see as misleading (hopefully with a light-hearted touch).
Badprophet, so this is telling the truth is it!! "Too true - I'm sure that MB is independently wealthy and donates all his income from PM to good causes. PMSL" As you say, PMSL
As "someone" commented:
"Sitting & talking may be all very well but it's not produced any oil revenues so far."
The fact that these people are talking and meeting is a good sign, they are planning and negotiating, I can't see them spending time doing this if they belived it was a lost cause π
//Curious yes and you continue to deramp and moan and be miserable here right lol//
That's just your perception. I said for example that the cabinet report was favourable ... but I guess people choose interpret as per their prejudices.
//hat exactly do you get out of constantly posting snide comments //
If telling the truth (as I see it) is snide then call me snide. There's always the filter available you know.
Jim, it's not in English bud!
Doc, nah I don't trade, I was here during the days if the spikes which ended up to 37p but sold earlier as I was happy with the gains
He who laughs last laughs loudest.
Let's hope we're all laughing soon.
Badprophet, what exactly do you get out of constantly posting snide comments here? You come across as being rather sad spending so much time doing such. But, Hey Ho, each to their own!
Iamrich - when you say you βmade 1.5 million off this babyβ, do you mean Β£1.5 million and trading MATD?
A little something while we wait
https://www.mongolianminingjournal.com/a/72946
// Once again they are sitting side by side with PM.//
Sitting & talking may be all very well but it's not produced any oil revenues so far.
An answer to those who believe the MG is trying to hold Heron back until the refinery.
MRPAM are involved in negotiations for the distribution and sales of Heron oil through PC facilities during the initial stage of field development.
This is very interesting. It hints that they have some skin in the game and it answers the doubters about oil sales. Once again they are sitting side by side with PM.
//I like that the CEO appears to have a genuine desire not to live at the expense of shareholders//
Too true - I'm sure that MB is independently wealthy and donates all his income from PM to good causes. PMSL
I think Petro Matad is a very well run company.
There's very few staff and they run on a shoestring.
I like that the CEO appears to have a genuine desire not to live at the expense of shareholders and has our best interests at heart, he runs a tight ship.
Once that piece of paper lands we'll be off and running.
4p will be history.
And should Velociraptor strike as well, won't be all be glad we were holders.
First mention of the new company in the annual report. It is listed as a significant event.
An owned subsiduary of the company was inauguarated on 15th May.
Hopefully more to follow.
Curious yes and you continue to deramp and moan and be miserable here right lol
A couple of interesting points on yesterdays cabinet meeting.
Mongolian Government have negative risks as budget has increased by i 1.9 trillion MNT and they are looking to increase productivity of the overall economy in the 3rd and 4th quarter. Also as part of the law on investment Legal regulations relating to land use were resolved. This is not specific to PM but shows the Cabinets needs to reduce regulation and increase trade this year
https://mongolia.gov.mn/news/view/26715
Iamrich...yes of course you did.
Now, as you are so sure of the 'inevitable' share rise again for your next 1.5 why don't you just enjoy your existing wealth and go lie down quietly on your yacht in the carribean and drink a nice bottle of Dom Perignon or something eh?
WOS - Would Mrs WOS not like an extended shopping trip? Maybe Hong Kong/Dubai/New York. At least until the LP issue is resolved & the V1 results are known.
Ms Vikinglass SO MANY good point about Petro Matad investment & like (nearly) all say is VERY STRONG investment if holder look more then couple of week lol.
Header say all with people have derisked for V1 but with V2 all paid and up to company discretion think will see 2nd drill straight after even with little bit of encouraging sign.
Real (almost) guarantee multibag with LP access and this happen any time now really. If people do not think land access cone in then DO NOT invest
300%, 400%, 500% multiple rise for few day or week wait?
This why mr Professional right when he say holder who not quick trader will not worry about price move when they know all thing which LP unlock for Heron + 2 Billion bbl into Toson Uul Basin
With or without Velociraptor.
I hold, watch & happy for this :)
I read the Annual Report earlier and noted the following which I find interesting:
"The Company focussed its efforts on being as prepared as it can be so that once the land issue is resolved, development activities can be immediately pursued. To that end, the Company and the industry regulator, the Mineral Resources and Petroleum Authority of Mongolia (MRPAM) discussed with PetroChina Daqing Tamsag, the operator of the adjacent producing fields, various options to process, export and sell Heron crude during the initial phase of development and negotiations on the operational and contractual details are ongoing."