The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Vikinglass, imo, I think without LP even if V1 is a success there isn't going to be that much of a significant uplift in the SP as the oil from V1 will be at least 2 years before any production comes from It. As stated by PM it gives them enough time to apply for the EL before licenses run out next June but should not take as long as the EL award for Heron as the procedure is already been set out. GLA
"have a dialogue about potential events which could materially effect outcomes, without it being 'shut down' by certain posters."
True, I would like to have a dialogue on the Velociraptor drill and "what if" it's good news
My reason for posting is Jimi's comment about the elections due in 2024.
If (and hopefully its only an if) the special purpose cert has not been awarded shortly as promised, then we would entering a time when elected members would be looking to secure popularity in order to get reelected.
It is a consideration is it not?
Anyway good to have had the chance to update on outstanding issues and have a dialogue about potential events which could materially effect outcomes, without it being 'shut down' by certain posters.
Since those April 2022 posts, new legislation has been bought in regards corruption in relation to anyone trying to stop the rule of law with non legal reasons will now face imprisonment. In April 2022 there was corruption from local MP's, the governor and the activist stopping PM, why do you think this has now stopped and also gone to Central Government to sort. Matad is never mentioned by the activists now. I think the last time was in October when the locals had their vote. Nothing since so i would forget about that angle and concentrate on what is happening NOW in Central Government.
Hamm - I’m waiting for WOS’s guaranteed 9th July. But I might sell my shares I bought at my last top up if no news soon. This has a very bad smell about it now.
But I’ll keep a position here because I’m hopeful (although getting less and less with each month that passes by) we will get the LP and if I did sell out and it came in, I’d be pi55ed. Also, I don’t have another share I want to buy right now nor need the cash.
Anyway, you never did answer my question?
No point posting about these activists. There are 3 to 5 max. Mainly 2 who are always causing problems.
They are not going to stop PC or PM . They don't have any authority. Even the lical governor is helpless.
They are not going to affect PM
The police have become tougher with the activists, Petro China is still operating, business as usual
Doc, if you believe as you said extremely unlikely to get LP then why don't you sell up?
Unless you believe LP is being granted soon. Hopefully this week. Time will tell.
This is the intent of the government.
Let's hope this gets sorted quickly before "saving the mongolian wastelands" becomes a western celebrity virtue signalling cause like the rain Forrests of Brazil are, and we end up with the Just Stop Oil lot all on planes to camp and protest and make the world aware......!
This might sound sensational, like the odds of the Titanic sinking on its maiden voyage were! But if this is not sorted soon and it gets into the wrong hands, then this could become a huge problem.
Curious, the negotiations with mrpam/matad/petro china is for petro china to buy the oil from both Heron and Velociraptor (if success) until the oil refinery is up and running, it's in Petro Chinas interests too to get the LP
No. I've known about it for at least a year/18 months, which is ehy i hsve a more cautious take on matters.
Interested to know why you no longer post about it though Masters ... you used to.
You only discovered that now. I've known about the whole situation from day 1 when they raided the heron field and stopped the drilling.
Nothing new here. I posted it back in 2019
So why do you sound nervous, Hamm?
Curious market knows the whole situation with the locals.
We are waiting for the government to give the LP.
PC is still operating so do not worry too much about the activists.
Local governor is also against PC and PM but that doesn't stop PC from exporting oil.
Loads more but you get the drift
https://m.facebook.com/story.php?story_fbid=pfbid0379ChsJXecLqE4BH4jH4TuSFrVr5Y2tGkgHzv6cuko2eVdNckj1a5v4pUC6a6YGfKl&id=100011445393483
Guys what we should understand is that regardless of the oil price Mongolia strategically need oil to be self sufficient. That is why LP is if national importance.
Petro China is huge and established. We are not Hamm.
Big difference...
The only reason the activists have gone quiet about petro matad is because last year the local govt refused to grant the local permit to petro matad and weve been unable to progress.
If people are unaware that central govt would be issuing the special purpose certification against the express vote of local politicians and locals then they haven't done their homework 🙄
These so called activists haven't managed to stop petro china!
All if them have big 4x4! Oil is bad but they all need lots of petrol driving around for miles.
None has got any job! Their job is being activist. The question is who is paying them?
Hamm... the activists are the main reason the local permit was refused. They post the faces and addresses of anyone who shows support to petro matad stating these traitors are selling your birth right and wealth.
WOS infers that the central government proactively intervened. This is not correct. Petro Matad took it to central government as it was clear that local government were not willing or able to grant the local permit largely in part due to activist intimidation.
😀🤩curious, ok I suppose you still haven't used up your post allowance 😏 but how about something more uplifting, ie possible Velociraptor boom 🚀
So is this new or has Master82 has been talking complete conkers this entire time?
The total activists are 5 max! They are like stop oil over here.
It all depends on the government really.
Haven't seen mentioning MATD at all.
If for any reason MATD isn't granted LP then it could not go for any more exploration/ renewable etc etc.
Also it wouldn't generate income for MG either.
Guys who are saying MG is keeping oil for refinery should understand that MATD and PC use the same oil basin.
In any way it takes a couple of years for full production. Heron can produce oil for years to come.
Not same amount vikinglass. I post4d about 15 yesterday and WOS around 40 😲