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Lets put the whole paragraph in there.
The Cabinet approved the certification and also instructed officials to conclude the follow up formalities required under the Land Law. 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. In parallel, we are already in discussion with service providers to determine a timeframe in which crews and equipment can be available for the completion for production of the Heron 1 well.
So the company is working with the Central Land Agency and the Locals. There has been an instruction from cabinet to expedite this. I would imagine that's why the Central agency is involved. To make sure the locals, who have now been overuled, play ball.
WOS - as always, I truly hope you are correct.
But you know that history tells us nothing is typically straightforward with MATD. For example, the mining minister told MB 1-3 months, it turned out to be 9 months!
However, by using the word formality, you really would think this should be a quick process (i.e. weeks not months), albeit when I see the words "the company will now work with the LOCAL authorities..." to get this completed, it does send a shiver down my spine!
- RNS Formalities confirm
- RNS DQE
- RNS Heron Operational confirmation
- RNS Heron Workover
- RNS New Block confirmation (terms agreed)
- RNS Renewable news & near term revenue
Ready for PANTS DOWN ;)
Just look in quickly at BB. Have to say LOL.
Petro Matad have plenty cash & why statement in 20th June RNS say "Cash until AT LEAST July 2024"
This was said only 3 WEEKS ago & people here want statement from mr Buck LOL. We all know what really happening here with this posters.
When people say but mr Buck did say before no placing then placing maybe they also look at strategy growth with Renewable JV / New Block and other.
Think now with LP look like FOCUS is in Block XX development. Follow up paperwork is FORMALITIES only. This word was used in RNS and with direct instruction from Cabinet.
FORMALITIES does not mean special process or law change lol.
Maybe better to focus on fast track operation to revenue generation now & not INVENT problem that is not there ;)
Very soon RNSs will flow
Be Happy but honest with posting ;)
Tend to agree with you Doc, looks like we will need to sit tight for now. It wont be long however.
//ps, found out today that Premier Miton, who run a few small/microcap funds and is run by Gervais Williams, has a position in MATD. He is highly regarded in this space and exactly the type of guy you want to seeing owning your stocks//.
Now, see... THAT'S newsworthy.
Last 47 trades... only 3 sells.... come on you jokers let it go
After a few largish sells before 10 the buys are now starting to come in.With the price around the price before the LP came in there is a long way to go.At these low prices there is only one way now to go.Looking forward to next RNS
Is there a reason for the price comparison to Brent? Is HERON sweet?
Markets
UKWorldCurrenciesCommodities
Silver $23.14 Positive +0.01 +0.04%
Gold $1932.18 Positive +7.34 +0.38%
Palladium $1229.46 Negative -11.12 -0.90%
Platinum $924.60 Negative -6.00 -0.64%
Oil WTI $73.70 Positive +0.64 +0.87%
Oil brent $78.34 Positive +0.58 +0.75%
If Gervais is running with it, looking good. wonder if hes shared. like him, good man
I suspect the SP hasn't really took off because of this:
"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."
We're still not quite there. Perhaps, given MATD's history of the unexpected happening, the market won't rerate us until it sees a barrel filled with oil.
I'm undecided on cash raises... I guess it depends how long for these so called formalities to be completed but what I will say is that even if MB came out today and said we didn't need a raise, I wouldn't believe him after what he did earlier this year. But the markets may also be conscious of it being a possibility, no matter how small.
Or it could all just 100% be down to some shady MMs controlling the world :/
ps, found out today that Premier Miton, who run a few small/microcap funds and is run by Gervais Williams, has a position in MATD. He is highly regarded in this space and exactly the type of guy you want to seeing owning your stocks.
Ojay i already told you my views.. so be a good boy. Ramp this stock to over 6 this week and you will not hear from me again. Or better just put a buyorder in at 6. Or also not allowed any more shares here?
Professional / CJ1986: If you guys feels comfortable with the current PM situation than I understand that you prefer to stick around (your posts don't seem to reflect that though).
You know what your (limited) options are should you change your mind.
Ninesandy
Profit / barrel should be closer to $25 - $30 range using Brent price of $76
Cant buy anymore... Mrs Bench will have me living in the shed if she found out! Il be demoted from Big Bench to small chair! :-0
Bigbench just put in a big buyorder at 5. Than they will let it go.
Mm are not holding anything back.. this is just where the market is now. If you think it is to cheap...BUy....dyor
Bigbench just put in a big buyorder at 5. Than they will let it go.
Mm are not holding anything back.. this is just where the market is now. If you think it is to cheap...BUy....dyor
...... the last 25trades.... just 1 sell and they refuse to move it up
Mr P.... I'm talking how much profit per barrel. Not our percentage of revenue. If a barrel of oil is currently circa $70 lets be honest. We will not be walking away with $35 profit on each one. We cannot spend all the money we take on future projects. Only the money we keep.
Ninesandytoes,
You will find MATD cut is closer to 50%.
In one of the presentations few years back MB mentioned Mongolia has one of the best PSC terms on offer. Also i believe that kicks in after we have recovered our investment first. Huge Tax breaks in place also as we Carry forward our trading losses from past years and offset them against profits first.
So our share probably even higher than 50%.
It will re rate soon Master and you can add a zero to the 2!
Manipulation at its best. Sp was 9p without EL last year. Sp was 7p before the LP.
Each time progress is made Sp keeps going lower.
Might end up at 2p if heron is put online.
Not surprised at this SP, if I had another sofa to check down the back of for any spare change I'd be piling in again.
Buys still rolling in
Love it Cj.. dont forget in San Francisco or some other lefty progressive state in la la land..if you mis pronoun someone its a $10,000 fine... the world has gone mad.. hilarious.
Anyway back to the multibagger in hand here... when the £1 party??