Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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This is just my speculation because think the meeting in Isle of Man between CEO & MRPAM / MMHI was very significant.
Must have been very important but will see if RNS drop on Tuesday 9th May (Monday market close so brave to be without share I think)
Hamm 7p would be amazing.
I’d be happy closing above 6.5p tbh, teddy to push on next week with no resistance.
It's all theoretical until there's oil.
And so long as it's sold at Market rates I don't suppose Mike Buck or shareholders will mind where it goes.
Oh to be in a position of having to worry where to sell and send your oil!
Thornogson..I may be mistaken...But I thought the transportation and storage of MATD OIL was to be carried out via Petro China and the idea was for MATD OIL to be used for production purposes in MG new oil refinery ..Sorry if I have got that wrong and I apologies.
L2 very strong.
7p today?
Sth is brewing.
Ojay apologies for the misspelling
Okay
I have been a shareholder since the first day on AIM, May 2008. I still have a significant holding despite the recurrent dilution and added earlier this year. Such a long period of patience and my recollections are not as good as Dinger's
GKhan
2 massive delayed trades just landed
I post before I see mr D1nger post but I deow debt research confirm what you say sir
Worth to do research if you invest or post on BB ;)
Mr Bob you are wrong & Mr D1nger is right.
Maybe I am new holder but maybe also have done lot if research also. Shell leave before this time sir & price breakout from 3p to 35p happen AFTER they go.
This confirm what mr Ojay say about mr D1nger & research / knowledge (check if you think am incorrect & with chart ;)
Be happy but well inform (in US D1 mean Division 1 athlete. Be same with research ;)
Sir Bob, I’m afraid your knowledge of that year has let you down a bit. When Shell pulled annd paying us $10m compensation, the share price rose to 9p after and quickly fell back to the 3.5p range.
Then at the end of June or July, Matd released end of year report and indicated that without further compensation from Shell they would be unable to complete their financial commitments to completing the survey of blocks IV and V. The share price dropped to 1.5p.
Shell gave an additional $5m which allowed Matd to complete their surveying which led to the release of the results I mentioned before in November that year and the share price kicked on from there.
If we enter into a joint venture in blocks IV or V we have to pay the $5m back.
Double figure next week?
Never say never.
Buys pushing.
Has it been said many times?
Must have missed it, I thought the plan was for Petro China to do just that: release Heron Oil to China.
Are you sure you're not misinformed Zellman.
Life is better in the >10p range.
When people talk of Mongol Govt slow in past they are RIGHT but this is where more research give better understanding.
Like mr Master and other good poster say on BB but I ask all people check MRPAM, MMHI & Mongol Gov websites. Also Mongol news Twitter feed & interview with Minsters.
Will see where problem was BEFORE and shift withGovt now
New Prime Minister & pro business Cabinet now 100% focus on Economy & foreign investment. Why you think Rio Tinto copper mine just get sort out.
This is why BIG mistake to compare past to present re: Govt & commitment to foreign investment.
Understand also the meeting which mr. Master kindly did find & share have importance which people do not understand yet but Mongol Givt work VERY close with Petro Matad now.
One who does not think I vestment good fi not invest please. Rest will be very happy and sure :)
6.5p if not 7p today is my guess.
Massive buys.
Can get quote to sell for 800k in one go and no problem.
Hold your golden shares. It worth lots more than the current value.
it has been said many times on the BB ........M.G don't want to release their oil reserves just to be shipped over to china....If this is true or not we don't know...... but they sure as hell have held the L.P back for some reason..
life is good in the 6p range
Rookie72: You can be extremely glad that D1nger took the time to respond to your post. D1nger - to my knowledge - is the only investor on this board who has got the long term knowledge of PM operations (I know him since at least 2016); particularly, his conclusions - based on the information available to him - are incredibly farsighted as opposed to other posters on this BB (some of which - BTW - are also very well informed).
If you care to listen to anyone on this BB: D1nger is your man. Therefore I say to you: You are a lucky man to receive a response from D1nger.
ATB
Rookie - last answer was incorrect - in 20015 Major player BG group bought into Matd and all there prayers were answered as far as funding future drills, sadly BG group were then bought by shell who didn’t want to operate in so many countries and thus paid Matd around 10m in compensation. The rise was during the initial BG investment as I recall.
(I mean news is anticipated on VR1; rig mobilisation, in the next few weeks)
I said last week we wil close by end of week at 6.5p watch next Tuesday we will be at 7p if LP doesn't land we will be 7.5p next week and hold until the LP lands b ause the market will value this up to atleast 15p on LP news
Matd too well know in the market and fro past performance this is still conservative, we reached 37p in the past just on excitement, so don't be surprised if you lose out on the same again
Astro … it’s a mix of things
Technical analysis, it’s in an uptrend, the SP had retraced and is now starting the next leg. So, from a TA point of view this was going to happen.
But, in addition, at the very least there is news on the velociraptor drill. This was always going to move the SP.
However, the work by master uncovering circumstantial evidence on new blocks is also helping I expect… as is that meeting in the Isle of Man..
Anyway, I expect to see 8p, hopefully 8-10p next week (without news!)
Astro999 you have done nothing but try to deramp here, no one listens to you or me, people will do their own due diligence,
I suggest you sit down this weekend long one too, and others and take a look at what's happening and what's coming here, LP lands we get to sell our own oil a small company like matd selling 100% ownen oil find, plus we have new licenses which we will explore maybe joint venture on way
We have two velociraptor drills one next month which is again country making not just company making
So big news dude for a small company and share price of 6p I would suggest you get in by Tuesday do some hard thinking as the price will be 15 to 17p if the LP lands,
Wow!!!!
If we knew that we would be millionaires.
Patience and patience only will pay at the end of the day. As mentioned before the RNS will be released but we all have to be patient.
ATB
wow !!no RNS. This SP still moving up. looks like WOS and Master did a great job.
i bow down to you guys, now wheres the RNS?
Its worth mentioning the economics of these wells. If a MG farm in means an accelerated development up to 15 wells at say 500bpd each. Each well costing around £1.5m to drill will pay for itself within less than six months.
This may be on the cards with the IOM meeting. The MG gov want to ensure this oil is earmarked for their pipeline and refinery and one of the main objections by the activists is that China gets everything and leaves a mess behind. They would have control of both the environmental protections and the destiny of the oil and Matd would get what they want as well. A good deal all round.