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I find this all very positive. Why would you go through with all this if business wasn’t progressing?
I reckon there’s some solid news on its way. I don’t want to seem like I’m ramping this to high heaven but I can see this into double digits end of next week. There are only seven trading days left for May. GLA
Have no knowledge in this area but could they not just be registering it as a subsidiary company...?
Call me sceptical but I have the same query as Pilsbury!
To quote your Nov 2022 post....🙂
Petrovis is a 32% shareholder of Petro Matad. Petrovis is still a significant shaeholder who will want to see a return on their investment plus Enkhmaa Davaanyam is CEO of Petrovis Group, Mongolia’s largest fuel supplier still sits on the board.
Doc. Thanks for personally paying for sight of and sharing the contents of the documents with the BB.
Why is it an advantage to our share value. Surely if a new company is being set-up it will potentially have it's own share issue and therefore of limited benefit to us. Please explain. TVM
Doz - or it’s a New Co JV for a Farm In / off take agreement by MG - giving us the funding to develop the field and using PC facilities at arms arms length because MG saw them getting too close to us. Thereby securing an interest in the supply for the refinery- just pure speculation of course
Great posts everyone, hopefully all coming together for all us investors
I personally believe it's tondo with oil and the MG protecting their resources from potential PC takeover of PM. With the refinery due in 2025, Mongolia cannot have the oil discovered being trucked over to China and their oil refinery not being used. I think it will be a JV with PM and MG to keep that oil.
Might be totally way off the mark, but hopefully this means a RNS is with us very soon to enlighten us all, but it is very interesting tbh. Let's keep everything crossed, we could be on the cusp of something huge. ATB to everyone, it's been a long wait
Good research skills being used here condorman, I think my dream will come true and we will be getting more the we bargained for on the next RNS,
This will be no where under 15p, and I reckon way over 30p by year end
The solar jv has already been set up (q1) with SunSteppe Energy and is called SunSteppe Renewable Energy so this new petro matad energy incorporation most likely is to do with an oil exp jv.
Will do in morning condor man.
But no, nothing like that at all. All standard for any company.
No details about objective of company? and who holds the shares?
If you could upload them.. would be great
its free here. filetransfer.io/
cheers
Absolutely nothing in there worth sharing sadly.
Certificate of Incorporation just exactly that, confirming set up on 15th May, signed by Mark Edwards - Senior Registration Officer.
Memorandums and Articles of Association just has Premier Nominees as the only subscriber, so just the nominee company who has custody of the shares, signed off by a Phaedra Selina Bird.
The Articles of Association which I thought might give something is just basically standard T&C’s such as this “14.11 A Shareholder shall be deemed to be present at a Shareholders' meeting or a meeting of a class of Shareholders if that person participates by telephone or other electronic means and all Shareholders participating in the meeting are able to communicate with each other.”
Absolutely nothing to whet our appetite further.
Yeah I have them. Got a poorly baby kicking off but I’m looking through them and will report back asap.
I think that would be good contribution from you 2. ;)
I think Doc and Ai should pay
Anyone spending the £15 to view the three company docs?!
Found it
services.gov.im/ded/services/companiesregistry/viewcompany.iom?Id=lkBzDnhG50ZVx8wkf9bkLw%3d%3d
Could you post the link please. thanks
Great research.
Best guess would be that it’s to do with renewable energy and the work we’re doing there.
I hope they don’t spin it off as a completely separate entity and we see the benefits if it is.
Great find. Thank you all.
Big thanks to vikinglass and Ninesandytoes for taking time out for the research. Much appreciated.
Back above 7p on monday.
😄WOS will be on fire!! 🔥
Https://www.thecorporategovernanceinstitute.com/insights/lexicon/what-are-articles-of-association/