Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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And why the need to change your user name and then tell us it here?
The ostraliamate (not oilstraliamate) account still exists. Why not just use that one?
So
Why did you leave? Why the need to turn up now?
Or are you a fake döppelganger?
Hi AI, not a ramper mate. I funded the some of the seed capital for Matad before you were trading.
It's an exciting time and multiple news flows incoming.
Unlike you, i don't spend much time on boards pretending I know everything. I live my life and have an actual job.
I invest in companies to make a significant return on my capital. In fact I don't really post very often unless I see pests and people with no shares making ridiculous statements.
I had an old account on LSE but this is my new one. Nothing unusual about that.
I am here for the long term and I think you should think about buying some shares here, as whilst on the more speculative end of a portfolio the risk reward is incredible.
Good.luck mate , I hope you can buy a few shares so you can get some of the massive appreciation in the share price which is coming regardless of those on this board.
Cheers
Southy / Oilstraliamate
Blimey Velocoraptor, you make it sound easy as p*ss. Your'e either very new to MATD or taking illegal substances !!!!
But hope you're right for we LTH's have endured a LOT of false dawns.
I think Pm should take the Mongolian government to court for compensation for lost revenue due to issues on their behalf.
Don't sign a PSC if they don't have control over the land.
Personally PM should definitely screw Mongolians for lost revenue.
I am not quite sure (other than the usual derampers) why there is an issue with drilling Velociraptor whilst waiting for the Special license to be issued.
At the end of the day there will be some short term spike in the share price when the well is spud shortly. We have a 20 to 25 percent chance of hitting oil which is impressive, but still a wild cat drill. This ridiculous talk of stopping the well is farcical. The Velocitaptor site is approved and ready to go in the unlikely event that we strike the mother load, production and exploitation will not be an issue.
The Special licence will be issued at some point in the next few days, weeks, a month. There is absolutely nothing showing this won't happen and the timing is annoying but really doesn't make any difference to investors.
So in short it's my view that this will be the timing
V1 spud about w/c 19th June
HERON approval before 30th June
V1 Target depth early July
V1 Testing if successful mid July
HERON production commences mid July and HERON 2,3,4 drilling scheduled with DQE
V2 early August
V2 testing late August
The rest is history
Good luck actual holders. What a great time to be a shareholder in this amazing next 6 months
Hoping for V1 success and that will be something incredible to be a part of.
Cheers
// if the SPC was signed off today and that is an if then the RNS has to be at latest tomorrow //
Not necessarily. It might have to sent for sealing, registering etc before legal.
Anyone on here familiar with spc formal ratification?
With no RNS buys coming in don't mean anything... UNLESS they are HUGE and repeated buys
Buys are certainly coming in but they're not big. Lets hope the Lp is not too far away.
The Velociraptor drills will happen as soon as Petro Matad take over the rig.
They're an oil exploration company. It's what they do. It's what Mr Buck lives for, the thrill of the drill.
Heron is a separate matter. If you don't trust the Government to grant it then you shouldn't be invested in Petro Matad at all.
No sorry if the SPC was signed off today and that is an if then the RNS has to be at latest tomorrow morning. If he is waiting for letter or document in person why? We have fax we have scanners get the original copy emailed through and use that as proof of posting an RNS. Maybe it will come out tonight nothing that says an RNS can only come at 7am maybe the RNS writers are in London and therefore operating on UK time. Mind you MB would need to approve it and it is way past his bed time that means it may need to wait till the morning. If this share is left to its own devices through this week it could plummet. But cynical guess is that he is waiting to inform his friends quietly that it has arrived and we will see a series of big buys come in in advance and i am waiting for these as a signal. Not Monday this share will free fall if we do not have something by tomorrow morning.
Won't we have lost a lot of money already though due to contactual obligations though?
The rig and workers already booked must already have been paid for already?
Don't get me wrong, I agree with you ... we shouldn't be drilling for a government that has already messed around so much and so far stopped us from extracting oil that we have already found.
At least you're brave enough to give a date. Kudos 👏
If not, then the only card we currently hold is the damage to Mongolia's reputation as a safe place to do business, if the SPC is not granted at some point.
About bloody time if it is! I wouldn't hold your breath though.
The GoM don't seem to know when to they should stamp their approval on the LP themselves.
I'm still heavily invested here myself, and still holding all my shares despite being considerably up, and now back in the red again. I think we'll get the LP eventually, but I have little faith in the GoM giving any thoughts as to how long we have already waited and now supposedly fast tracking things for us all of a sudden.
GLA
Starbucks is absolutely right. No more holes on the ground till we get LP sorted.
We need to stop spud now or 3p, 2p, 1p god knows. I really don't understand why we should spend a penny more if we can't get LP now! We have been waiting for 5 years. 5 years. MB might be confident, MG may not care but market doesn't like uncertainty.
BP was right yesterday when he told Hamm to get real. The Velociraptor drill is happening regardless of if the LP on Heron is given or not. And to tell the MG at this stage to get screwed re Velociraptor if they don’t give the LP is madness. It’s too late. We just have to hope that MB got those cast iron reassurances beforehand. Not that reassurances from the MG are worth anything.
If the special purpose certification was signed off by cabinet today, then RNS Monday latest.
Absolutely not another hole in the ground till we get this sorted it would be ridiculous. I still think it is coming and somehow MB needs to give us some news the problem is that the MG does not see this as an issue and they need to be made aware of this but i think they probably have several times. And if you protest too much it sounds desperate.
Does any one know if we were discussed in todays cabinet meeting or not. The problem is we are doing a lot of research coming up with very little and trying to make 2+2 add up to what number we want it to add up to because we have nothing else to do. Yet another shareholder who wished he had sold out a major chunk at 7p i could buy back now and still keep a healthy profit.
My only comfort is that MB must still be comfortable with this otherwise with SP drop and remember we had that bonus issue to staff just a few days ago and i doubt if that would have happened unless he knew this was coming to fruition. It cannot have been all based on 20% CoS on Raptor if that is really what the chances are. I think the chances are far higher than that but MB just being very prudent about it.
Iamrich: “Doc do you have to put your nose into everything everyone says here, why is it you also always defend the negative nuisance posters here? ”
Pot, kettle?!
Still hopeful of a positive outcome here. But hopefully this has reminded some of the rampers on here that it is anything but “guaranteed” and to calm it down a bit.
Very dangerous people.
When stock was near 7p they say buy buy buy, now stock at 4p. More people influenced by rampers lose money
That is why people be careful of rampers. Rampers sell on spikes but never say.
Rampers are not friends just because they are positive. They use people.
BOOOOOM
Forget WOS and his band of brothers with their daily regurgitating same old same old, something is seriously wrong here. Some of these posters, if they are genuine, would get more credence if they actually admitted this.
Brief news
· The right to support and sign the draft "Agreement between the Government of Mongolia, the United Kingdom of Great Britain and Northern Ireland" and "Agreement between the Government of Mongolia and the Republic of Latvia" on air transport. It was given to the Minister of Road and Transport Development S. Byambatsogt.
· "Amount of payment for international vehicles passing through the territory of Mongolia" and "Amount of payment for vehicles transporting goods exceeding the maximum permitted amount using international and national highways and road facilities" have been established.
· After discussing the issue of approving the types and categories of products to be traded on the mining product exchange, a government resolution will be issued.
The XII International Congress of Mongolian Scientists will be held in Ulaanbaatar in August 2023. The composition of the committee responsible for organizing the meeting was approved.
MB if you are reading hold onto the drill, do not put another hole into the ground until LP has been granted which idiot of a company would drill another hole when you have already millions of barrels of oil to extract and can’t even get it out, save the millions of pounds from drilling until the Mongolian government gets its stupid act together, it’s about time MB grow, a pair and possibly cold, Mongolian government**** you and we are telling every investor to hold on from investing in Mongolia because you are a bunch of crooks, if I was going to drill in Mongolia, I definitely would look a and think we find the oil then Mongolian government keeps it for itself WTF
How many times have investors in MATD been in the red over the past 7 years and how many times and in the Green much less.
MATD is a gamble the gains can be massive up 70% in past 6 months however the down side can be big as well down 35% in the past month.
If investors cannot afford the loss they should not invest in shares like MATD with such high risk so why posts on this BB crying about the price drop.
if holders don't want a loss don't sell just wait and get out on green (without being to greedy) .
It's just like having a bet with an option to get out with a loss in the RED or a profit in the GREEN ,however there is always the 3rd option if things go very bad!!!! but lets not go there.....
Buys now coming in so hopefully the share will turn round today.I am currently also in the red and have over four million shares but still very confident that this will be a winner.If I had some spare capital I would buy some more but I have reached the maximum amount that I would invest in a single share.Good luck to all