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@ Art the fart
Clearly says 'in the coming months' and not 'days' or 'weeks'.
---> July update for V1 spud, 2 weeks away, that's July = coming month 🤡
Hm - last time they said they had enough cash they did a raise few weeks later so not really believable IMV.
WoS stop rewriting the RNS!
I have read the RNS and it does not say Special Certification Land Access - "Now at an advanced stage and we expect the submission to Cabinet to be made shortly"
It actually says:
...The Company continued to push the Mongolian government and authorities to register Block XX Exploitation Area as special purpose land.
Current situation
... The Ministry of Construction and Urban Development has completed its internal work and has submitted the documentation to all other government ministries for comment prior to submission to Cabinet.
...We continue to push forward with our 2023 work programme which of course includes urging the government to certify Petro Matad's Block XX Exploitation Area as special purpose land
"The Company believes that the current cash balance is sufficient to continue operations until at least July 2024"
Please read full RNS. Thank you ;)
Also remember near term revenue expect from Renewable projects (must be advance) & Heron field.
Confident of Heron development THIS YEAR with Cabinet submission SHORTLY.
Or
You could believe some anonymous BB poster who do not read RNS & maybe have been caught with pants down ;)
Sorry everyone as I know this is not the right forum - BigBench has the Lion forum closed now?
It's notable that there are no timescales or details for LP on this or any other updates MB has given, surely the cabinet must set a date for LP to be debated and approved and Mike Buck would surely be informed ?
If some timescale were given, investors would take the matter more seriously but to keep giving vague updates, with no details or timeframes does little to reassure investors that anything meaningful is happening with LP.
Think some maybe more simple one get confuse with what "multiple workstreams" & "coming months" mean.
Petro Matad have LOT of workstreams / projects which coming on line & for newsflow.
For Block XX Cabinet submission they say specific will be "SHORTLY".
This make sense with submission ready timeframe of MMHI proposal before. Think investor (or sneaky trader) need to know how to read RNS lol
Excellent outlook for MATD holder and lot of positive development but 3 MAIN POINTS.
Special Certification Land Access - "Now at an advanced stage and we expect the submission to Cabinet to be made shortly"
Like I say they are in direct contact and like I also say expect in next few weeks BEFORE V-1 drill result.
V1 Drill - V2 ready to drill immediately on "success OR encouraging results" but at "company discretion". All drill on site & paid for
RENEWABLES - Add value & generate revenue in the NEAR TERM.
Say before MATD stock very undervalue & ready to multibag with or without Velocirapror drill with LP for Block XX expect very shortly now.
Read RNS yourself & do own research. Lot if trader will be afraid clever ones will start to BUY in now & can see by there posting ;)
Invested ones wait with confidence :)
Spent £3 on what. How Many people are employed by PM.
Crazy amount to spend on few employees.
Agree yes no surely. 'Coming months' appears now seem timescale of government certification Block XX to being good good special purpose land. By beginning end 2023 maybe target now. Not soon though, nor even very very soon though. Maybe what?
No progress on LP and they need more money
RNS out in the real world.
Mike Buck, CEO of Petro Matad, said:
"We continue to push forward with our 2023 work programme which of course includes urging the government to certify Petro Matad's Block XX Exploitation Area as special purpose land. Meanwhile we are delighted to have spudded Velociraptor-1 which we have wanted to drill for some time. Encouraging results here would significantly de-risk two adjacent prospects on the Raptor Trend which together have a resource potential of an additional 375 MMbo.
I would like to thank our loyal shareholders for their continued support and hope that the recent spudding of the Velociraptor well demonstrates our firm commitment to our work programme. I very much look forward to updating you in the coming months with our progress on multiple workstreams that are now in play."
Clearly says 'in the coming months' and not 'days' or 'weeks'.
Think people do not like to see ignorant commentary on investment sir. One who is inform us very relax ;)
I think some of you guys are so tetchy because you're worried sick about your investment - probably into it for more than you can afford to lose. if you were as confident as you claim you would just chill out, sit back & laugh at anyone who thinks PM is not the sure fire hit you are hoping for.
Petro Matad ALREADY have Heron asset which have 28p price target at $70bbl oil.
People agree or not with this target (could be much higher with oil price) up to them but all agree will be MULTIPLE if now.
Also Block XX extension into 2 BILLION Toson Uul Basin.
Point is V1 success or not price now look VERY undervalue. People say market find right level. Clever one say EVENTUALLY and before that can be big overreaction like now at 4p.
V1 drill in excellent source rock on PROVEN PETROLEUM SYSTEM so success will only multibag the multibag.
Big thing of course LP but if people think will not come then do not buy BUT think most understand will be VERY soon now.
For me big derisk happen when MRPAM transfer direct to Mining Ministry to take away control from local council and take direct through Cabinet.
Can see now lot if people already have derisk for V1 but can also see WITH or WITHOUT V1 we expect share price to multibag in short timeframe.
This make me very relax & happy to hold MATD share at such amazing time for company :)
B/p: What a poor soul!
So: Is it p/b or MP - or is it PM and b/p?
Looks like you haven't got more to critisize - oh man this is a very sad story!
//Hope you can make your loss up with other means than bad mouthing MP the whole time.//
Who or what is MP? Suggest you take a little more water with it Ojay - you're rambling.
iamadick - why keep probing? You know full well I'm not gonna tell you anything. Get a life!
My aj bell has it above.. but yeah, i guess in the scheme of things, only a few short rampy days until paydirt.. sigh
“Hurrah.. made the day over 4p... ffs”
Not the bid/sell price. Which let’s face it is the one that matters to shareholders! But it doesn’t matter because by 9th July we’ll all be millionaires.
Hurrah.. made the day over 4p... ffs
Mr CaC
Everyone is different but is because I do all other research into Economy, Sector & new Govt that I have so much more CONFIDENCE in all thing that happen with Petro Matad.
Tomorrow, Wednesday or next week no problem :)
BP have you bought any shares just asking incase this goes to 37p again, LP is coming we know this, but the possibility of velociraptor hitting oil is there too,
🤞
OMG b/p I feel incredibly sorry for you!
Hope you can make your loss up with other means than bad mouthing MP the whole time.
I think most people's interest is focused on the special purpose certification and know that the matter is with the government departments and we are awaiting on the decision.
This is the obvious company maker... unless V1 comes in at 4/1 ...
The rest is nice to know, but incidental really and potentially irrelevant if both the above two 'company making' scenarios for whatever reason don't work out !
Not deramping. Its just simply one of the possible outcomes to consider. Saying it as I see it.
Thank you for your confession mr BP.
Mr CaC you will never know this from people's posts lol