George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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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 “made 1.5 million off this baby”, do you mean £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."
Badprofit let me tell you something I'm near 100% profit, when I made 1.5 million of this baby I invested again knowing what's coming
I also have been around a long time here but just watching no posting, I also know you originally bought in at 9p then averaged at 7p you are down mother fukka I know bad trading.
Start copying people like me and start winning, once LP lands just 8p here will get me some serious cash again,
Prof - I’ve never professed to be a trader… too busy for that. I’m a long term investor. I’m also not here for 1 or 2%. But you harp on non stop about how much money you make from trading and yet still seem to need validation from everyone else, so if it helps… go on my son, well done!!!!!!! :D
Read all three last operational RNSs
Figure out when LP may land
Why does ramping or deramping affect people, because most are numptys here well 70% who lose there money in this game, and everyone taking advantage of them, so many will cry when they realise they sold at losses when the LP lands
Do some research and understand what's going on,
Ok 🙂thank you
Vikinglass the answer is simple. Impact in the short term yes if the share is not to liquide.
No in the longterm. So helps the traders. That is why i am here.... not for the Information....
You need rampers and derampers to influence the gullibale. All going on here. And if you see it it is even fun at times.
In the end we are all here to make money. I assume....
Professional, there are a number of posters who claims that what is written/goes on the BB does not affect the share price, ie what rampers/derampers writes here has no impact, would you agree/disagree?
I'd love to hear your expert opinion
Agree this is a easy trading stock. Lots of rampers/derampers to make sure vola is there...
People should have known this would drop as doc83 said hé bought more at 4.2. He is known to be a bad trader..i however do think hé will make money in this name but hé has zero marketfeeling
See this all the time share price falls derampers take over then boom awaited news lands and derampers dissapear and everyone pile in,
LP is due now so very very risky time to be out, traders and sideliners. Should be getting about right now
Finwitt - we know that is what YOU want 😇
....and perhaps later after you have bought in they will drop it further 🤩
Volume has also fallen off a Cliff here so that’s normally a sure fire indicator that the MMS will pull the bud further down to generate interest.
There were very few takers today so tomorrow’s SP is likely to slide further to entice.
There are a number of reasons for both positive and negative people to feel vindicated right now.
Personally I'm on the positive side. The LP issue has gone all the way to a forum who I believe will pass it.
V1 is in play and about to get to a depth where oil will be present in the next few days. We may soon be hearing about other business and once granted the special land use will open the floodgates for other news. Heron workover, first oil, Heron 2, possible JV, field development plans, oil revenue. I believe it is close and then there is the prospect of a hit at V1 also. I do recall there was movement in the share during Snow Leopard around the time they reached the oil shows. Next week could be very interesting. GLA