The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Can two different companies operate in the same block. For different resources. .
Something i have found which might be interesting
Did anyone here know petrovis have their own exploration company too. .
Looks like they are exploring imfor gas in other blocks.
The only problem I find with telegram is the admin can kick people out if they are not singing to thier tune..
I will join but its only fun when everyone can have their opinion. Positive or negative . Just like here .
I know it can be annoying but its entertaining at the same time..
I nominate wiseowlspeak to join and represent us all from lse on telegram
Incase anyone missed it :
Telegram group for PM (remove the spaces) if anyone wishes to join.
h t t p s:/ / t . m e / petro_matad
Sorry misterpositive I should tell the truth at all times, ok it will be 16.5p but if no RNS then it will be 6.5p
Iamrich
If mega RNS lands tomorrow/ this week, then we will be looking at 16.5p not 6.5p
You cheapskate ;-))
Let's hope it kicks off by end of week and we are above 6.5p
Looking solid today, no big spikes up or down, makes a change.
Hopefully good base for next move up on news......
Curious my prediction on when the LP and mega action packed RNS may land is this week or next week
Lol,
NPV10 valuation for Block V are higher vs Block XX
NPV10 valuation for 200MMBO recoverable : US$2.136Billion
c £1.60 / share (unrisked)
32p / share (risked)
Progressive Analyst Risked valuation is 32p based on 20% success.
Some here have no clue what is at stake here and throwing away their valuable shares.
60Mmbo is just based on 30% recovery factor for 200MMbo oil in place.
US$320m would be approx 24p
Progressive Research Analyst est. 26.7p
Continued
Doesn’t seem to be much interest going by number of trades don’t see it moving much today and spread has remained big all day as well
ID78 - that's what I was thinking, having something like a ( MGovernment Sovereign Wealth Fund ) as a JV partner massively de-risks us and could turn us into a massive in country Energy Player with long term generational growth!
Sp is staying very close to intraday high... could well see new high in next hour or two... nobody will want to be sitting on the fence imho
The actual time scale I've predicted is June to September (not September)
And it is based on the history of delays in Mongolian bureaucracy
No LP = No activity except Velociraptor which leaves 10million in the bank = No placing needed.
LP = Activity = Income = No placing needed.
JV = No placing needed.
Iamrich, I bloody hope so might regain some sanity. Apart from the LP and all other news really looking forward to the V1 spud announcement. GLA
Bahriaheights: PM have not (yet) run out of cash. And if the LP finally is issued shortly they should be easily able to manage without a further placing. If - as C&C speculates (based on what?) - it will take until September to issue LP, PM's cash flow could actually start to be an issue - but then again: What do I know?
GL
//why do Petro Matad need to issue more shares? Have they run out of cash?//
Not right now - in about 6 months time.
@Da_MoLe - why do Petro Matad need to issue more shares? Have they run out of cash?
Equities is all about taking a higher risk for a higher gain. Some who are contemplating a last minute grab will find themselves ultimately disappointed.
If you are not prepared to take that higher risk than I suggest you need to stop right here and put your money in a safe deposit/fixed interest investment.
A lot has been said about "When" and "How" this is going to blast off . The truth is no one can say for sure.
There is no doubt that will come good though.For those who are not new to this waiting game I say good luck and hold on. This is going north .
For what's about to land matd is cheap, when news lands watch how it fly's,
Oaft… a few didn’t like that idea researchandhold.
Imagine getting exploration / exploitation / land use approval in the future with the government invested in the company. All these issues just …. gone…