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LP will be sorted in a few weeks time and also velociraptor will spud mid June some will realise the loss they made today when the share price is back up and maybe even 7p knowing that the LP paper work was complete in a knth so this time round either quicker or takes the same time
No I e is stopping the LP they will submit to the cabinet and the cabinet wants this down asap
People have realised that it is only a delay and are now buying at these bargain prices.I think that it will continue to claw back the losses as the day goes on.
....TT Racing is for adrenaline junkies with no sense ...take some under priviledged kids from the inner city on a nature trail walk like I did yesterday .. much more rewarding !
If the various departments have already had sight of the original submission and its just, as the RNS states, a matter of repeating the steps already taken, it's possible that the departments have already considered the proposal and even have prepared their responses.
Documentation prepared by the Ministry of Mining and Heavy Industry (MMHI) for submission to Cabinet to secure approval to certify the Block XX Exploitation Area as a Special Purpose Area was completed. However, the Ministry of Construction and Urban Development has insisted that as the ministry responsible for land issues, the Cabinet submission must come from them. As a result, they are repeating the step of asking all other ministries for comments after which we expect they will make the submission.
PC are not helping delay this. Just the central government unfortunately. However, it will be resolved.
I have to wonder if China is helping delay Heron as their own Petro China shares a some common oil with Matad in the wider basin. Petro China of course can pump oil with little restrictions.
Needless to say that the share price will bounce back as fast too.
Manro, you don't need to be rude and call guys bastards!
LP will be sorted in a week or 2, that is all, nothing has changed.
Manro, you are a very sad and manipulative person, nothing has changed today apart from some one else has to do the paper work lol,
Why do you get off on lieing and manipulating I just don't understand, you have been on and off this matd board a few years now and all you have done is get people to just to call you an idiot, do you have any mental issues at all? Read my last posts we will be getting the LP and most likely done faster now
Get out of the office for the day and watch a bit of TT Racing!
Researchandhold- I know, all very curious!
Curious and curiouser :-D
See what I did there? Crap banter aside, the visit to IoM for just that. … it’s odd.
GLA
To all those idiots who passed off their dreams and desires as reality or believed various bastards posing as experts and promising all investors a rocket price increase.
All of you have received a share price takeoff, but in the ass, so enjoy.
Fom todays RNS :-
"Discussions on changes to the Production Sharing Contract (PSC), on the proposed work programme and on fiscal terms have been completed. This part of the process involved a visit to the UK and to the Isle of Man by representatives of MMHI and MRPAM and we were honoured to be accompanied on the trip to the Isle of Man by the Mongolian Ambassador to the UK."
BUT WHY GO ALL THE WAY TO THE REGISTERED OFFICE ON ISLE OF MAN!!
So the re circulation must have been done already, and ministry's depending on how. Last they are or who pushes them, this could be done in a week or two, just needs then to sign off as they have done their due diligence already,
I think alot of people will now be caught off guard and surprised how quick this may get done, but just my opinion, always the case people get spooked out and realise only if I had held on to it for a few more weeks for that mega rise, how many times have we all heard that before on aim
Gla,little more patience needed
Resubmission will be quicker now, the ministry's that already had read through and inputted or signed know now how to complete it,
So I do believe now the ministry's won't take too long 1 to 2 weeks tops also to note that it was already completed so I'm guessing this was completed at least a week if not 2 weeks ago and it had to be done by the land ministry's
So I think this will be done by cabinet tops 1 month, my opinion,
Sold 250,000 shares at 16k a week or so ago. Just used the 16k to buy 320,000 shares. With these shares you normally have to trade.
The question is. How long is this resubmission going to take? Weeks? Months ? Or do we have to wait until 2024
Interesting…. Draw a trendline off the 5/12/22 and 30/3/23 lows and guess what… we are hitting that trendline.
In other words, looks like we are testing a support, now oversold and with 3 weeks to spud. LP due anytime.
Good time to buy then, we’ll done those that bought
Ready for the raptor
This morning Petro Matad, the Mongolia-focused E&P company, announced that it has commenced mobilising equipment to allow it to spud the Velociraptor-1 exploration well in the first half of June. The prospect is located on Block V, where the company has a 100% working interest. Management believes that this well could have a 20% chance of success and, with potential recoverable resources of 200 mmbbl, could prove to be transformational for the company. Success would also de-risk additional adjacent prospects in the licence.
Full writeup by Progressive Equity Research here : https://ibb.co/BTBVY14
Wolverine: "Once and for all, the sp is not governed by rampers or derampers!!! If folks are buying/selling without conducting due diligence then nobody is to blame for that."
Where did I say the SP was governed by rampers/derampers?
master82: "Doc you clown apologies for what."
For the abuse you and your cronies have dished out (and continue to with the clown comment!) to those that dared to have a different view or that pointed out what could go wrong, or a September prediction that is now looking more likely?
Took a few, confident on a upward movement. Not sure about blue day though. I just hope todays lesson will temper the constant ramping. Facts and rns. And only invest what you are prepard to lose. Imo. Gla
Took advantage of the drop today and slightly averaged up but couldn't resist a few more as for me V1 is getting ever closer and after 6 years waiting this can only go back up. If it had gone any lower I would have doubled up as my average is 3.25p GLA Not long for spud :+))
@ Hamm - some serious buying this morning! Good volume. That 52k, someone is confident!
Its a trend i've witnessed in many stocks currently Hamm. The market reacts to any news only to realise that nothing major has changed the direction of progress. This is a very minor setback if you can call it that. There is no doubt this will back to 6+ in a matter of days if not sooner.
400 trades in 2 hours and lots of 500k, 1m buys shows that there are lots interests.
Buy already over 20m so I wouldn't be surprised if we finish in blue. It happened lots of times.
Fundamentals haven't changed.