George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video 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.
Hold for gold. Definitely something is going on in the background . Delays maybe due to new company being formed.
Exciting year . So much going on within next few weeks /month
Wow- brilliant research Ninesandytoes.
Could it be a new co with Mongolian government having a % stake !!
At risk of getting too excited - why else have a meeting with Ministers in IoM
All, Just had a look through the IOM company register database and what d'ya know. A new company named 'Petro Matad Energy Ltd' has been registered on the 15th May this year (Monday this week). The registered agent for this company is Crowe. We will no doubt be made aware of this very soon. We knew something happened and we are about hear what it was. Possibly discussed/signed off by cabinet this week. Hope the news is as good as we all want it to be.
//All the ministries were supposed to examine the contents/agreement before final approval/signature//
What if they came up with objections?
LP special approval doesn't need cabinet discussion as such. All the ministries were supposed to examine the contents/agreement before final approval/signature. If needs to be discussed in the cabinet it would be only formality in a couple minutes that is all but more likely signed and passed to MATD. Very likely next week.
AIMHO, nothing more.
Enjoy your weekend guys,
Breakout can become a reality, but not as a result of dreams or endless comments on this board. And if someone has such incredible energy to push buttons, then wouldn't it be better to bombard all government bodies with our letters to stop this shameful almost 5-year arbitrariness against the company and its investors. As a result, hundreds of millions of pounds are lost to the detriment of not only everyone who invested in PM, but also the Mongolian economy itself. And if this is so, then there can only be one single reason - corruption at the highest levels of power. I personally have been doing just that for almost the whole day today by sending dozens of letters to various Mongolian government and other organisations, including the prosecutor's office.
I advise everyone to do the same!
Ibiza I think the issue with eco women was more to do with petro china who were misbehaving and were causing environmental issues, I don't think she has a problem with matd, and to be honest if PC are not following the rules then I'm on her side too,
I think if there was anything that changed from the last RNS the buck would have to put out a operational update of some sort, but until then everything is going to plan,
We've had the bad times now it's the good times
Velociraptor has to be drilled anyway. The block expires next year and time is needed to apply for an exploitation license upon success. If its not drilled PM have to telinquish the block.
Iamrich i really hope that you are right and i am wrong but it seems too quiet from Eco woman for my liking unless of course she has no idea that central government are signing this off.
But what if LP is to take another 6 month?
it has been years waiting so not outside the realms of possibility it could take longer
I think its fine to drill velo and if we are lucky enough to strike it rich with the alleged 20% chance - this could end up being into production first as there will be no LP issues there
Guys, there would be NO spud date RNS till we get LP secured.
MB well aware of the situation. He knows he should get LP sorted before starting another adventure.
That is the only way that makes sense. As far as I understand every party/ vested introverts will benefit from Heron productions and gives MATD enough time to reach the maximum oil production needed for refinery in the near future.
All in my opinion of course. We will get LP soon but before Spud date or at the same time. Again my personal opinion only.
BP I do understand its the first stage but its a very critical stage and one that is out of PM's control isn't it.
PM will have more or less control of anything that comes after. What do you think??
//All this hype about a piece of paper waiting to be signed.//
The signed paper is only the start - it's what PM are able to do with it that matters.
Gosh!!!
All this hype about a piece of paper waiting to be signed.
Cant imagine what would happen if PM actually started drilling and bingo oil actually flowing. There's lots more in the tank.
Few more days and all will be revealed.
ATB
That last trade is definitely a buy not a sell
Couple of weeks we should have the long awaited company transformational RNS for velociraptor spud dates, will massively add to the share price with LP if not granted by then still on the cards to land and take this to 15-20p
Nearly there all, and well done to those that held on for so long, few more weeks won't hurt but LP is the suprise RNS here so be in it to win it
Ibiza I think your completely wrong lol,
This is Mongolia and the govemrnet has already threatened people with arrest if they get In the way, I don't think 1 women is going to block this lol, the government are in the process of dishing out licenses for exploration,
The last thing they will do is refuse this important permit to produce oil, and buck is in with the local govemrnet boys having god knows what meetings but he looked happy In the last picture taken on the IOM
Anyways, like the RNS said paper work being made ready for CABINET for approval, says it all none of the ministry's can do anything apart from put in anything that they may want on the rules and laws put in and will be given time respond back or this will just go to cabinet
I'm sure 90% of the people in Mongolia would like a better life from the oil being sold, most probably don't even care about climate change or know of it, no offence,
Https://twitter.com/smasters2020/status/1659586609149362176?t=Hwmvii62eUwl9pPEsdJveQ&s=19
Now that the markets have closed i can express this opinion without spooking out the SP
I hate to put a downer on this but i have this horrible feeling there is no LP yet. My reckoning is it has been kicked down the road again back to the local branch who are terrified of "Eco Woman". The politicians being politicians are scared witless of upsetting local populace, same the world over. As far as i can tell eco woman has been remarkably quiet recently otherwise i think we might have heard.
The other reason is that if it had been awarded i think MB would have arranged for a copy to faxed or scanned to him and that would be enough to guarantee putting out an RNS i would have thought.
I just hope to god i am completely wrong. GLA
Spread getting bigger now so this is indicating high volatility. Lets see.
N1: Whether it happens or not - may make you feel better tomorrow when you check your accounts but long term: WTF cares?
Nothing short of a nuclear strike on Mongolia, another Pandemia or whatever other force majeure type of scenario can do anything against the LP being granted and Veloceraptor being drilled. Clearly it's a question of when - not if; and PM investors are - by now - pretty good at being patient.
No FOMO today - RNS Monday? Hmm
Just topped up wifey’s with a 1k at 6.12 hope that helps 😱
N1 in short nope
With less than half an hour to go are we going to see a last minute spurt of buyers not wanting to be out over the weekend,lets hope so