George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Mr Doc
When I give timeframe for LP was right with all info that was a ailable & would have this now on logic did apply BUT Ministry jurisdiction did change to make process legally watertight.
This is NOT LP will not be grant & timeframe was right.
With LOGIC again and from progress through process of Ministry of Urban Development can see LP (Special Certification) in next few week.
This is much better then your approach where you do not do research but just say Sept because you have pulled this straight from bottom.
Think will stick to daily research & logic because do not trust your buttt sir ;)
Think you can never do enough redra h but some people try to show there lack like it is virtue lol
Am positive for reason & not confirmation bias. I know business & economic better then people think ;)
HAPPY TO HOLD MATD STOCK :)
Continued ( Sorry about the delay i got called away)
2) V1 needs to hit and V2 support the findings. According to MB this should have a 20% CoS but in the hands of my Austrailian Car salesman this would probably be 40% with lines like the "phones ringing off the hook". I think the chances of success because of its proximity to other known and active wells is far greater than 20% but MB does want to over sell it.
This has been a pretty torrid time for the world over the last few years and for Mongolia who is desperately trying to establish a firm platform of democracy and i hope transparency and a yet try and maintain like all good politicians do the populist vote along with covid lock downs and more to point the severity of the chines lock down. I know of people who live in China and the stories i hear of Covid and Covid restrictions is frightening and nothing was going to happen any way with DQE till they re opened their borders anyway.
In the meantime the yet to be fully announced JV on renewables is expected to coming through at some point soon i think. Waiting for EL and V1 result.
We have been led to understand there may also be a possibility f a wind renewables at some point. Now maybe this is what the IoM meeting was about. It would need a lot of cash for the turbines etc hence the financier being in that meeting. But again all supposition still. But there is substance to all of this.
My personal view is that the Petro Matad Energy is for precisely that energy otherwise why not call itself what it is ie Petro Matad Renwables a far more attractive a name in the modern era. I think that PM Energy is for Gas and is hoped rather than expected and down the line. A bit like a new couple making up the room for the baby they will have when they get married. A long way off yet but things could move quickly.
Finally there are times when you need a CEO who bangs his fist on the table and shouts at all and sundry. And there are those who are quiet and seem demonstrative but a lot more deceptive that that. MB is not the first and neither is he the second but somewhere in the middle. And very possibly will prove to be the right person to have seen this through. Someone throwing tea cups at the wall of the Mongolian ministers and prime ministers and shouting and threatening all kinds of things was never ever going to get anything and we would almost certainly have lost the lot. Could he have been firmer yes very possibly.
Personally i am convinced this is a long play. So i will be cashing out at the right time and hoping to leave a few in too see what happens. No i am not going predict the £1 share or am going to predict dividends, too much to happen between now and then. I think there will be a share issue raise but i think it will come at a far higher base price than at present.
I am hoping to get out with what i want and still leave a few in the mix to see what will happen. GLA
"What if" scenario planning has its place. As does SWOT analysis and PESTLE analysis.
All help to develop a fuller more sophisticated appreciation. Researching for one sided bias confirmation is not very clever in my opinion, as it blinds you to too many facts and realities.
https://www.techtarget.com/whatis/definition/what-if-scenario-analysis-WISA
WOS - out of interest, would you mind telling us how old you are… 20-30, 40-50 etc? Or how long you’ve been investing in shares?
WOS - with stocks and shares it is possible to research too deeply. You are so certain MATD is a sure thing that your research is one sided and looking only for the positives. There is no balance.
Sometimes you need to take a step back and look at things from higher level. I still think (just about) that on balance this will come good. But it is in no way as certain as you’d have us all believe it is. And for those with a short memory, you’ve been saying that LP has been due any day now for months and months. So your “deep research” is clearly flawed.
Like some people here i have been in a for while and compared with many i would just classify as a newbie. However i have been here through thick (not much of that) and a lot of thin (plenty of that). I came in with Share issue of 700m and always reckoned it would be diluted and worked my figures out on a billion share issue. At the moment it is 1.1bn a bit more than i had in mind but i do not think that V1 or size of it was really being talked about. IT was mainly Heron. We were waiting for the Exploitation License that arrived and the share went beserk for a short time and the clever ones worked out that was a good time to sell and derisk. I wish i had but i am in for a fair few. Once the LP arrives my basic targer will almost certainly be met but what i would really like and feels it owes me after all this time is about twice that number.and i really think it is achievable. Reading Positive Research you would think so but i have severe doubts about paid management consultants and that is what they effectively are.
So what has kept me here is MB. Yes i know the MB that everyone is tearing their hair out over and believe me i have done the same, and that is why there is so little of it left and not much of the same colour either. But through all of this malachy what this company needed is a calm collected voice whilst everyone else ran around like headless chickens albeit headless chickens in a position of power. My other reason is that the last O&G company i was involved in were run by a couple of Aussies (one of whom was not better than the Austrailan equivalent of a second hand car salesman. He over sold chances of things happening and i think MB is the complete opposite. I think he knows where he is guiding this company and although he has given low odds on achieving it i think may actually get there and that was sim;ply a small to medium sized O&G exploiter explorer. Now with events that is no longer the target or should i say sole target. I think with time this has changed to including renewables and i think it may well come to having something for Gas as well.
A lot of people are annoyed that he has not told us more about the IoM meeting. MB got well and truely caught out on this one and was not expecting the amount of deep research some people on here went to. I believe we will get fully informed about the IoM meeting in time and is something he has lined up with the government (another sign he is being trusted and relied upon) And in time this is what is going to turn Matad into a very valuable long term player.
Do not get me me wrong a lot of things need to come together and happen not least of all the
1) LP, which for what is worth will come next Monday but i have never been right yet so this will be no surprise if i am
wrong.
see next post.
Only interested in Vision 2025 max.
Vision 2050? I'll be dead by then
Mining / Natural resource make up major part of Mongolia GDP & export.
Part of New Revival & Vision2050 is to grow this & encourage FOREIGN INVESTMENT as PRIORITY.
Statement by Prime Minister on Friday about Oil Refinery also confirm need for energy independence from powerful neighbours. This is why New Oil Block Tenders open up but all know need Foreign investment for this.
BB experts do not mention this tings because they do not research but just gossip or attack other poster. Thus us why they do so when they say "I think this" or "I think that" they have no (sensible) reason why they think this lol.
Tranche 1 of New Block Tender only get 3 bid for 5 licence. We see Mining Minister do International PR talk after.
Then we see people from MRPAM & MMHI & Mongol Ambassador go IN PERSON to Isle of Man with mr Mike Buck. For what?
Very good reason to think Petro Matad involve in very big way with Mongol Govt move to quickly grow Oil sector.
Buy or not but do on GOOD, CURRENT Intel :)
Https://meforum2023.mn/
Always have seen who have done research & who just ponder about thing without this lol
VERY important to understand what happening NOW and this mean CURRENT research on Economy / Govt / Social / Sector & Company.
Can see lot do not do this when they ponder do do not have proper intel to give inform opinion.
Govt now VERY pro business and can see this with actions & new laws. Focus foreign investment, new laws to cut beauracracy & transparency to reduce corruption (this is designation Year Against Corruption).
Many if Govt is foreign educated with msnyvadvisot also from US university.
New law to take away asset ofcwrongdoer, Electronic paperwork & chase criminal abroad whobsyral from country.
People say "but LP take time" well they should think then why do Govt take away control from local to themself now. It is to get this pass through Special Certification.
Ministry of Urban Development (was) at stage of all internal processes & documentation already sent to other Ministry. This could be weeks before RNS update so thimk this could be much more advance then some people think.
One who does not believe LP coming should not invest so why they spend so much time here? Think ;)
Last Friday after market close I post Prime Minister give statement of official Govt news site to push hard on Refinery completion.
Research must be EVERY day to give up to date accurate intel on situation without opinion which have little base for what actually happening NOW.
All going in right direction & Heron asset worth more then SP now even WITHOUT Velocirapror.
Think will see now price start to move up & many new poster already now have suddenly start to appear on BB lol
Be Happy & Current ;)
It's seems hard to believe that a country can be so bureaucratic and incompetent, but ultimately I think that is what the main problem is, coupled with a populist administration and the anti foreigner sentiments.
Sure there is corruption etc. but im not convinced there is some heinous plot to steal back the field; not because they're not capable of dirty tricks, but because foreign investment would run for the hills if they pulled that stunt.
The activists' resourse nationalist ideology and xenophobia at times looks almost akin to national socialism (i.e. n@zism!) and that type of ideology is also reflected in some elected representatives, so they do have to tread carefully.
The way I see it, we are a pawn in a game of political Chess, but ultimately Mongolia wants foreign investment to develop so on balance and imo I believe PM will get the certification.
GLA
Curious - I tend to agree. But I do wonder (and sometimes expect with MATD) if there is something we don’t know about, another curveball, that would throw all our logic out of the window. The fact is rumbles on and on and on doesn’t help.
Jimi. When I go through the scenarios, I come down in favour of the LP/SCP eventually being granted. They want the oil for the refinery and also it looks bad for foreign investment business if not...
Not exactly what I anticipated 6 years ago when I initially bought in to Matad, I suppose it has turned out rather differently than I expected, but have to consider the fact that the LP wasn't an issue when I 1st bought in believing V1 was the making of great things but seeing as this hole operation now revolves around the LP and sp slowly meandering at 4p doesn't fill me with the enthusiasm I once had, to me it has always been about V1 but I am going to admit that I am so disillusioned now that it hardly seems worth holding on but at the same time my fomo tells me hang on in there Jimi you've waited this long maybe it is not too far away for something positive from the company It is most certainly making me look at my investment decisions differently and will have to change my entire strategy accordingly, I hope I'm wrong and this will turn out better than how I feel right now but only time will tell,, GLA
Or not? lol
Iamadick - why so obsessed with me? You're in MATD up to your neck, it's going to make you a millionaire before this summer is out, you can buy your yacht and cruise off into the sunset - no worries?
Badprofit really sad spending your days here on the weekends when not invested, what did buck really do to you? You seem to be combatting every positive or good news a poster posts, very sad hope you get over it one day, most of us will be long gone I guess once we make our money here
LOL, iamrich. You need to chill out!
Ps, only just seen your comments that I must be lonely. Been with family all day you see…
A says Profit
B says Buy
C says Sell
D says Top up
E says Top slice
F says Hold
G says Loss
H says Charts
I says RNS
J says Placement
K says Resistance
L says Support
M says Ramper
N says Deramper
O says Bull
P says Bear
Q says Multibag
R says MM
S says Bounce
T says Rumours
U says Manipulation
V says Boom
W says Bust
X says Duster
Y says Gusher
Z says Where is A
Your Money Your Choice
AIMO DYOR
//Progressive Research just re affirming what they had already said.//
Reaffirming what MATD has TOLD them to say!
Https://www.petromatadgroup.com/wp-content/uploads/2023/06/MATD-20230614-Velociraptor-1-spuds.pdf
I have just found this on co website does not really add anything we did not already know Progressive Research just re affirming what they had already said.
As someone on here suggested if we hit at V1 then this share could reach 40p fairly quickly with out it, it should reach 26p mind you as the company personal organ on this I would be inclined to discount some of these figures.
Have you seen an operational oil refinery?
This gives a better idea how far on they were when this article was published. You do make me smile BP. https://www.mongolianminingjournal.com/a/72349 GLA
15 June 23? Yeah the refinery sure looks half finished! PMSL ( Maybe they should get the footings in first.)