Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I agree Pro.
The longer this drags on towards the elections, the harder this is to get over the line until after the summer. A signature and authorised permission to start pumping oil and revenue is vital to keep this investment as a potentially fantastic multi bagger.
If this drifts on without that signature within the next week or before the end of this month, I along with many others will start fearing for the worse.
This is all pastry and no filling at the moment!
Can see from all (angry lol) posts people do not understand and why share price has not reacted yet - IT WILL!
AGREEMENT is price sensitive and base in many tyoe of contract law (Mongolia not sure) - signature is not if market already told that Agreement for terms already happen.
Acceot or not no problem - I expect you will be holding stock BEFORE next AGM 😏
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Wos are you indeed stupid? Genuine question
MB needs to RNS market sensitive information. By law.
I think an actual signature is price sensitive so the fact we have had no RNS means imho it is not signed which is worrying..
If MB like you think it is not price sensitive then well why should people stay invested here as the news we are waiting for is expected to not influence the SP
You cant have it both ways Wos. Try better SIR and be honest
OPERATIONAL RNS UPDATE wiol give us timeline from Contractors for Block XX development start (and maybe DQE JV details etc).
Believe it not no problem - your money!
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Read ORIGINAL header post 06:46 - Plan A AGREED but alsonoint that Mr Buck does not RNS every small detail.
If he say Mata Sum AGREED then he probably will not RNS paperwork signing for something already AGREED (if you do not believe this from way geceirk in last with RNS then no problem).
He say they already PREPARING FOR OPERSTIONS WITH CONTRACTORS but again replied I get tell me investors do not understand & why SP not shooting upwards (Yet) - this is good to know why.
I don’t know that WOS is actually out telling lies, or just that he is a delusional fool.
He’s posted similar three quarters of the mornings since he joined the bulletin board and started his first (of his now thousands of posts).
Maybe it’s lost in translation?
Maybe it’s that he thinks putting this continuous **** on that it helps the share price?
It’s just ruined the board, and if anything it does the opposite.
Not playing with a full deck I fear.
It’s almost bordering on lunacy!!! The guys over 5,000 posts in in 15months.
Wos stop telling lies.
Plan A: not done yet. Still needs to be put on paper and we know how long that can take AND that it all can change again.
Then we have land USE and they can start work
Longer term still need land PERMIT....
Can they get it ? Ofcourse..
Will they get it before next raise? I doubt it
But lets see
'PRICE SENSITIVE' not there as he ALREADY say Agreement reach & PREPARATION for 2024 Drilling Season.
Biggest problem is investor like you who do not understand difference between Land Law protected Plan A and Special Certification route Plan B.
Plan A or Plan B do job and we ALREADY have Plan A - Block XX Operational Update RNS fit start of Operations (and possibly DQE deal etc) due WITHIN next few weeks!
Be Wise 🦉
Yawnnnn
Mr Ibiza - What are you talking about??
Petro Matad ALREADY have agreement from Mata Sum Local Authority for Operational start of Block XX! - Plan A
Provincial leader signature for State Special Purpose Certification - Plan B
They DO NOT need Plan B to start Operations - do you understand this?
Post / points at 06:46 STAND!
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WOS, you posted on your own thread where only you had posted!
Lay off WOS one thing at a time. Let us get this B*****y LP from this dodgy provincial leader and then you cal talk about how fast this SP will rise. No one is buying it any more and dare i say it but very few are buying this share.at the moment.
MB has to make something happen before presentation as he cannot do it at the presentation as it would be price sensitive and therefore after presentation this share will tank. It will happen it is just a question of when and at what cost to PM. those are the unknown ponderables. One he can cover at meeting ie finances the other he can infer to but cannot say anything directly unless RNS comes that morning.
Lets hope it does not drift much more so frustrating but you know as soon as RNS land market makers will lock out buys and hugely mark us up
Think you know Who/What I was LOL'ing!
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LOL’ing your own post? Sounds about right.
As said yesterday, we will get an operational update for the AGM. MB has delayed it so let’s hope he has good news for us.
LOL!
Header say ALL - this is Massive move for compan from EXPLORER to PRODUCER ➡️ Revenue Generation & Growth.
Mr Buck is not like si many Aim CEOs - he does not boast or does not do PR (maybe he should) but he just look at GOAL ➡️ REVENUES / GROWTH / SHAREHOLDER VALUE.
We understand how quickly this can move but also sentiment with low attention holder - With Production / Revenue we get BIGGER / LONGER TERM INVESTORS who also look to Dividend (not just Capital Growth which will come).
I accumulate base on my OWN investment strategy - think BB wioo be very different place in couple of weeks as we all look forward to DRILLING SEASON ➡️ OPERATIONAL RNSs ➡️ SHARE PRICE RISE!
Again BUY or not - Petro Matad moving to PRODUCER status!
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Great post Master https://www.facebook.com/share/p/1DKxJU2fekCkw6Rf/
This one interests me as it's been forwarded by the Dornod governor
# APPOINTMENT: A working group led by the Deputy Minister of the Ministry of Education and Culture, B. Uyang, worked in Dornogovi province.
**** **** **** **** ****
The working group headed by the Deputy Minister of Mining and Heavy Industry B. Uyangar worked in Dornogovi province. On the first day, the mission team met with the governor of the province, O. Batjargal, and exchanged opinions about the current situation of the mineral resources sector and the problems facing the province.
The main purpose of the mission is to provide information and empower the employees of the representative office in Dornogovi province under the Department of Minerals and Petroleum.
The representative office in the local area organizes work to ensure the implementation of state policies, programs, and laws related to geology, mining, oil, and heavy industry in the region, implements the functions assumed by the relevant laws and regulations of the AMGTG, promotes awareness, It is an organization whose primary function is to ensure the implementation of the Law on Minerals, on Minerals, on Petroleum, on Nuclear Energy and other related laws.
Also, take measures for stable and continuous operation of exploration, exploitation, and product supply, provide professional and methodological advice to license holders, support and intensify their activities, monitor, collect relevant information, conduct research, prepare opinions and submit them to the functional unit. , implementing reporting.
Some mr know all have been here 24/7 knowing the company will go bust says it all!
Sirius mineral was completely different. It needed billions to get to production and the process is still going taken over by AA which paid £400 m.
MATD will produce oil in a 2 week workover and already the equipment has been paid and ready to be mobilised.
Each new well for petromatad will only cost $1.5. MATD will shine and production starts this year in a a couple weeks.
Or get bought out by another company for next to nothing. (Sirius Minerals Springs to mind).GLA
I disagree - There are some aim stocks that never recover after falling and just keep dropping until it goes into administration
Hamm: I may have not expressed myself clearly. However, for once I've got to hand it to "Professional" who appears to have understood my message - which btw is nothing really important.
The SP drift will abrubtly come to an end asa the final LP news rolls in. I was only suggesting that it would be a good time to jump in or increase the share holding.
1.6 Fees, expenses and product sharing
The Petroleum Law sets out the different fees for petroleum exploration and extraction. These include:
Exploration licence:
:
Licence fee
US$ 3 per square kilometre for initial term; and
US$ 8 per square kilometre for any extension period
Extraction licence:
US$ 100 per square kilometre for initial term; and
US$ 200 per square kilometre for any extension period
both fees payable annually;
fines if fees not paid on time
Oil and gas:
Royalty fee
5-15 percent of extracted crude oil and gas
Unconventional oil:
5-10 percent [of extracted unconventional oil]
the recovery cost will be the cost oil in the amount approved by the state audit and
agreed under the production sharing agreement;
Recovery cost and cost oil
.
the cost oil will be up to 40 per cent of the total oil after deducting the oil used to pay the royalty fee; and
the applicable amount of cost oil for unconventional oil will be determined by a specific regulation
Product Sharing
profit oil will be shared in accordance with the terms of the production sharing agreement