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Agree Ibiza,
I think people need to remain calm and expect some times things don't go to as planned in business soe.times it takes a little extra time
Also does t help with some very negative posters here who think their assumptions are right 😂
People should just stick to the RNS which is about right on whats happening, buck was forced to out RNS out due to emails going in non stop and the fact the LP paper work was recirculated and buck won't put time on this as he keeps getting slated his only human
Anyways, LP still happening and my opinion is it wil get done in June also velociraptor will get spudded
So all to play for here and the story ahead is great, if things went as planned then every aim stock will deliver riches to all, once LP lands we will see how things change here and the new investors aswell as projects speed up,
This should be sitting at 6p minimum right now but that will correct itself in the second week of June once we are more closer to all news landing
This is a fairly long story and IMO partly exacerbated by us on this board because we were getting absolutely no information from MB. The rise for Spud of the Raptors (like everything else here) is much dependent on SPC or LP on Heron. We here on this board have been waiting at least six months for something that was meant to arrive "Very Shortly" or any moment now. Since then the share has see sawed. There are a number of people on here who do not believe it will come at all or if it does it will be couched in such away that it is next to useless. Why they are invested in this share (if they are at all) is beyond me. Then there are a number who are either firm believers it is coming or think that the upside significantly outweighs the downside and in the middle there are a number of firm believers who are starting to have doubts.
The last RNS (IMO) was never meant to have been made. This was forced on MB because we had not had any news into speculating what the new Petro Matd Energy was all about which he was not ready to divulge just yet. So we got a nothing RNS. No news on the LP other than the news he was hoping not to have to tell us ie the LP has been transferred to a new department and going through all the processes again and a wishy washy nothing statement on the new company. The rise of this share will come with announcement of details of Spudding of Velociraptor. Now if that coincides with the LP then this will fly if it comes before the LP this share will go up possibly get to 8p and then it will depend on what we find. If however the LP comes before or after Spud but before results we could in reasonable time reach 25p. So Quite frankly this is turning into a typical AIM gamble share which is not what it was meant to be. Get the LP shortly and you hit the bottom of a very big ladder. Hit a duster with Raptor and no LP by then and you will be at the top of a very long snake.
Cheers for that..
references oil sector (translated)
Mongolia ranks 15th in the world with 173 billion tons of coal reserves, 6th in Asia with 74 thousand tons of uranium reserves, 36 million tons of copper reserves, about 250 million tons of oil reserves, 11 billion tons of iron ore reserves, and 3 million tons of rare earth element reserves. 22 million tons of feldspar accounts for nine percent of the world's reserves.
To this extent, the mining sector accounts for 93% of Mongolia's exports and 69% of foreign direct investment. For our country, which is dominated by the export of raw materials, the primary goal is to establish a processing plant for the main raw materials of export, such as coal, oil, copper, and iron ore, and to increase the production of value-added products based on advanced technology and innovation. Therefore, the Minister of Mining and Heavy Industries J. Ganbaatar emphasized that it is necessary to focus mainly on accelerating the process of transition from mining to processing, clarifying the legal environment, attracting investment, and preparing human resources.
Minister of Economy and Development Ch. Khurelbaatar presented the current situation of Mongolia's economy, external and internal factors, and future trends in detail to the participants of the conference. He said that it is important to have a stable investment environment in the field of industrialization.
Who give that to you?
//So why the sudden drop off?//
It was a given that if the recent RNS did not announce the start of production from the Heron field (or even the fact that production COULD start) then sentiment would turn to the downside.
Hi guys,,we seem to be down about a 1/3 (33%)ish, any particular reason? I know we are approaching spud (almost June). So why the sudden drop off? I was expecting an increase approaching spud not a big drop? Have I missed something? Thanks in advance
Mr Bad prophet.
You ask me WHEN Heron oil sale - this year 2023 as company say.
You ask HOW MUCH revenue generation THIS YEAR? - depend on rate of fast track development of Heron.
Are contract in place to buy oil? Thinknyiu need to do research on sector & market to understand if thinkbthis will be problem or not.
I as myself this question. Do I think Special Certifucation come very soon. YES
If you think NO then make own investment from that BUT be happy with decision ;)
Change of Ministry could have been done weeks ago so will keep my pants on thank you :)
Are contracts in place (or being negotiated) for China to buy all this oil & PC to transport it?
That's where dqe come in, drill up one well after the other and get paid by revenue, once all wells are you and running poss looking at 180 millions bucks per year, boom
WOS, wish you could have answered the question!
Anybody? Any ideas please?
TIA,
Have lovely afternoon/ evening guys,
So WOS - when do you think the first sales of Heron oil will be & how much revenue do you think it will generate in 2023? (Be honest!)
Only Special Certifucation needed for workover / production from Heron to begin = REVENUE.
Why Ministry change?
Maybe to prevent conflict of interest with any IOM partnership between Petro Matad / Mongol Govt?. Maybe Ministry of Urban Development want credit for SC on Project of National Importance? Who know?
This does not affect my investment in ANY way. Other factor much more important for ME.
Do not know when this transfer did happen so could have been done week ago. Do I think Special Certifucation permission come very soon? YES!
Think you right about lot of money for derisking did derisk & new money that come in will make rise into V1 operation more strong.
Rest let everyone decide & buy or not. Trust Mongol Govt or not. Think mr Mike Buck have made brilliant strategy to expand company or not?
My research tell me in very clear way for my own investment so happy with this :)
Huge month for Matd, who knows what will happen.
But now rational posters and rampers are now also more rational.
BOOOOOM for rational board and rational takes.
WOS, MATD had exploration as well as explotation license from MG. However MATD needs local permit which has been refused. If LP was granted by local council then there were no need extral reviews from any ministry. What has changed that if MG wanted to give Special permit we need so many ministries reviews? Doesn't make sense!
If MG needed reviews why did they have already granted explotation license?
MATD isn't the first oil company found oil. Petro china already had the license and already do the explotation.
There are lots of Special licenses granted by MG not for oil but for mining which means it isn't sth that is very new to them!
However I can't believe that MG refuse LP. What would be their excuse?
Since millions of shares traded recently I guess lots of guys here must have been de risked and sold and lots have bought. If that is the case the share price would go back up. It also depends on other news in the next week or so.
Https://masterinvestor.co.uk/equities/petro-matad-chasing-the-mongolian-raptors/
Petro Matad growth strategy will be master stroke (imo). Put together the pieces
Source: 27th May 2023 Montsane.mn
"On May 26, Minister of Foreign Affairs met with His Highness Prince Turk Bin Muhammad Bin Fahd Al-Saud, Minister of State of Kingdom of Saudi Arabia"
"His Highness emphasized that he will further expand & develop in all possible fields, including in the field of ENVIRONMENT & GREEN DEVELOPMENT"
Mongolia have one of global biggest Renewable potential and already China have promised direct investment for this. Same with Macron visit last week & Saudi Arabia now for infrastructure investment potential.
Petro Matad position perfectly for major growth into multi factor Energy company & with full supportive Govt.
This where all the piece & intelligent investment logic come in. Maybe explain why I (and other) build up while some spend day to talk about emotional thing ;)
Badprophet,
My answer to your question is YES. I will continue to believe not in the company, but in the fact that there is a big oil in Mongolia which can be discovered, but only by a really team of high professionals - explorers and managers pursuing their business goals. Not how rob the main partners entrusted them their hard-earned money. Therefore, the first thing in any business is the goal, then the choice of a partner you trust. If they are honest, then failure and loss of money, although it brings grief, but not that anger or a feeling of disgust when it becomes clear that under the guise of a conscientious leader and his team there are the thieves and scoundrels were hiding.
This is why posters here who talk about past, past need to be CURRENT or they will miss Mongolia economic growth rocket ;)
Date: 27/05/2023 at opening ceremony of construction work for Shiveehuren Port (Mongolia) to Sehe Port (China) - Source: Montsame.mn
I see where confusion is mr Ibiza and will take responsibility for this. Cannot put all of speech so just put small part but ALL very positive but see yourself.
Prime Minister did refer to New Revival Policy' introduction in Dec 2021 and to show how this does translate to practical development TODAY.
Speech was today and he also say "In the future there is a need for the Govt, Private Sector and Investors to further deepen their trust, strengthen their understanding, to be careful not to loose development time in empty politics and work harder & harder to compete with every hour and minute"
This Government is VERY SERIOUS about building ECONOMY and to attract foreign investment. This is why they pass new laws and kick local Govt to the side with Special Certification process for Heron.
Some investor I see take eye away from real focus and start to talk of thing like "let us sue Govt". I wait for them to hire lawyer (lol).
From my research am VERY positive of Petro Matad growth in new pro-business Mongolia & what I think will be massive news of Petro Matad / Mongol Govt Partnership.
WOS Prime Minister to day this was news 2 years ago so why say it was today it was not. Please it maybe relevant but lets at least get the day right.
Think talk of mr Mike Buck to resign is not focus for serious investor just few week before big V1 start LOL
If that was to happen BP my question would be would we have to start the process from the beginning again with a new CEO at the helm? When I 1st bought into Matad it was the prospect of V1 which I'm still very excited about and the multi million barrels of oil potential but this LP debacle continues. What a hindrance it is being, so hopefully MB will still be around to bring this company to fruition. Frustrating as it is with one delay after another only time will tell. Enjoy the bank holiday weekend people and GLA
How many of the big investors here are invested in Mike Buck rather than MATD? If Buck WERE to resign or drop out for some reason (health issues maybe?) would they still have confidence in MATD?
Prime Minister Oyun-Erdene today
"The New Revival Policy' was approved by the National Assembly on December 20, 2021...to increase our Economic growth by 8-10 percent every year, to increase our Economic turnover from 50 trillion to 100 trillion (assume MNT), to increase GDP per capita to 10,000 dollars, to form a corruptuon-free government and to make absolute changes in the quality of life if our people"
Think when you look at multiple intel source every day you have better understanding what happening in Mongolia.
This is why am so positive about Petro Matad operation in country & partnership which go forward with Govt.
Massive thing happening for company which think lot if BB experts have no clue lol
Invest or not on own feeling but I invest on own RESEARCH ;)