The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Every day that goes by, we are just getting closer and closer to a raise.
General Election is probably required first otherwise it would be a bit corrupt imho
Is SP at 5 already? No...4 ? No.... what rise ;)
ππππππ
Sudden β¬οΈβ³π€
AIMO DYOR
YOUR MONEY π° YOUR CHOICE π€
Every Mongolian citizen will share in the revenue from natural resources. The government are certainly considering their people and sensibly enticing them to vote them back into power at the next election. Very clever move. Also massive for Petro Matad because almost every citizen will be pushing for Petro Matad expansion. More oil means more revenue for the wealth fund thus more money for the citizens...The government have played a blinder here .
This really is massive for Petro Matad. Give it some thought.
Many thanks to Wise Owl and Master for the helpful research you have been supplying.
Good luck to all long term holders and don't worry, this is going to be huge.
TODAY - Parliaments approved the discussion of the Draft Law on the NATIONAL WEALTH FUND - a Fund with an asset management system that distributed assets equitably to every citizen through a specialized fund that concentrated the benefits of UNDERGROUND RESOURCES" (like Norwegian Wealth Fund model).
We can see where Mongolia going with all this - why they changing system to help Foreign Investment - and strong position of Petro Matad going forward (my accumulation strategy start to make sense with bigger picture view).
π¦
However we just need plan A for this year's drilling.
Regarding plan B. I imagine PM will (at least I hope by now!) map out what is legally needed for plan B, spot any pitfalls and send MB knocking on the relevant door(s)π€
Mr Aesychlus goid point & understand what you say sir. Plan B (Special Certification) need 3rd signature - local governor will not pick up pen - what is alternative?
We understand Legal position for him VERY weak because PSC land use agreement before overlap come into place. ALSO even if this was not case -
"the Land Law ALLOWS the Central Govt to take such land for Special Purpose use" - RNS 1st March 2024.
If he want to be stubborn we also know Prime Minister appoint local governor position. I mention also how so done who try to obstruct Govt order can be imprison - now we have extra rule in place from yesterday Cabinet Decision.
Will be STILL want to stand in way and break law? We will see but out focus for Operations 2024 ON TRACK anyway thru Plan A so enough for me to have confidence with investment / price upside / Operational Newsflow.
π¦
Everyday a day closer to my expected equity raise for renewables. Interested to find out how big it needs to be.
@2.5 i will particate. Lets see.
My last comment is regarding plan B which is needed in the long term beyond 2024
Correct SIR. This is also what analyst tell me.
And explains why SP did not move on Plan A : it is al done according to Wos...
Be happy SIR. Selling your big 20k addition today for shoeshopping SIR? ;)
Be wise. Dyor. Talk to analysts and Company not listen to a Bird on a Board.... Just imho ofcourse
I hear what you say about plan A. BTW. My last comment is regarding plan B which is needed in the long term beyond 2024
WOS i believe the Land overlap is a legal conflict that will need to be resolved. I'm not saying it should be difficult to resolve, however if the district governor is not enabled to sort and sign off, then who will do this?
I'm just getting accustomed to the very flaky mongololian legal system. "We didn't think it through" should be their motto on their coat of arms!
Mr Aeschylus - we know Plan A is agreed and this will let us proceed with Drilling Operations this season.
Plan B need local governor tripartite signature but he gives land overlap as issue. He has made decision on land ownership / use which go against Cabinet decision today about land not included.
ALSO Ih ge still try to push this issue he go against Law pass last year where you can be imprison if you go against Govt decision.
If you see all processes they take EVERY leg he have away from him and understand when mr Buck say they make "everything Legally watertight" EVEN when Plan A local Sum Agreement cover us anyway.
Petro Matad & Mongolia Govt have BIG plans going forward and this is why this things all part of future building of business / shareholder value. Even status of Land as National Importance which is why company still push this
We Drilling / Producing this Season anyway which RNS will explain am sure.
20k Buy yesterday was ADDING to shareholding. This is process for me at this levels but Mr Thorngasson is right - what value to BB to reply to Mr Professional.
Mr Thornogson I am same strategy ad you and expect Dividends to be introducr sooner then people think with DQE Accelerated Development Program of field - wilk be happy to shake your hand with my Wing sir ππ¦
Doc. I've just had a look and you guesstimated LP signed June or July. My estimate was thatbit would be at least a month to get the paperwork drafted and then signed at the next local sum meeting, which, if anything like a parish council here in the UK, only meet intermittently. So my earliest date was week beginning 8th April.
My point being is that nothing has changed.
RE: Guess the date 21 Mar 2024 15:45
Aeschylus - Iβm not sure I want to say. When I did this back in May and said September, iamrich called me an fβing cβing B!
I was a bit too optimistic as it turned out!
Ah, what the hell. June/July.
βDoc. I thought you said you didn't think we'd get the LP RNS until after the elections?β
I donβt recall saying that? Although Iβm not convinced itβll be before the AGM! Regardless, it still looks like vaguely positive news that WOS has posted, and we definitely need to start making some money!
"Yesterday Cabinet Meeting Govt members/ Governors instructed not to make Decisions on Land Ownership"
I'm not sure how that helps us currently, as plan B (as WOS refers to it) relies on the district governor signing the tripartite agreement.
Doc. I thought you said you didn't think we'd get the LP RNS until after the elections?
Providing that is verbatim, Iβll take what WOS has posted as a positive. But we really do need to get moving and making some money quick smart.
Researchandhold said//BP is like a stain on humanity//
//In real life if someone insisted on telling you the same nonsense over and over you'd simply walk away wouldn't you?//
I've effectively done that by filtering WOS!
Thor again LOL
1. That was a reply ;)
2. You defend the WoS. Our most repeating creature on rhis BB ;)
Keep the jokes coming
Replies
I'm not replying to 'Prof'.
Might I suggest that others consider this too?
He adds little and relies even less so.
In real life if someone insisted on telling you the same nonsense over and over you'd simply walk away wouldn't you?
Good to start the day with a good laugh ! Thanks Wos and thor.
20k shares....lol...
Conviction....lol
On the grond info has added so much for me...lol....Barf....lol... added NO return which is why we are here. Thanks again mates
Thanks again WOS.
The 'on the ground' information has added so much for me over the last 6 to 12 months for me.
The company has been pushing for years to get Heron on stream with only Mr Buck's words to suggest that it might happen one day. It was all too easy to see how buearocratic inefficiency and outright corruption might prevent this from ever happening.
But one by one those barriers have been removed.
Central Government has been won over as to the need to change their ways, which they have.
National fuel supply issues/crisis information has been posted to given persuasive background context.
At a National and Local level politicians and locals now appear to see the need for Mongolia to produce Mongolian oil, this year.
Mr Buck's 'parallel' National/local level approach appears to be working well at both levels.
Well done Sir!
I look forward to shaking your hand one day to say thank you (as well as sending a Thank You card to our ambassador).
The only worry I had was a potentially obstructive Regional Governor with a track record with a record of disruptive behaviour.
Now Government are openly warning them to 'back off'.
It's been a while but I think we're on the cusp of something big.
Heron and beyond!
Yesterday Passed!
Yesterday Cabinet Meeting Govt members/ Governors instructed not to make Decisions on Land Ownership. This refer to approve list which Cabinet pass yesterday!
"It is important to PREVENT LAND DISPUTES" and also talk about relevant projects to be IMPLEMENTED IN 2024.
Understand - this relevant for Plan B (State Special Purpose Land) and also Central Govt can override land overlap issue anyway - now Law to stop interference in first place from what I understand.
PLAN A - Still on schedule and we look to DRILLING OPERATIONS / REVENUE / NEWSFLOW THIS 2024 SEASON!
"The diligent efforts of our Govt and Community Relations teams have FACILLITATE this progress on land access and we are grateful to the Matad Citizens' Representative Committee for its favourable hearing of our Application and for it's APPROVAL."
"The Company is now stepping up the planning of Operations to complete the Heron 1 well for PRODUCTION"
Some expect seperate RNsS for EVERY STAGE but like before think we will get FULL COMPREHENSIVE OPERATIONAL RNS before AGM on 30th April.
At moment low volume and no big impact on price but expect large Buying on ISA allowance next couple day I think.
My buy for a cumulation was 20k share at 08:01:06 for ones who really have interest in this detail - like I say is my own thing I do and keep building up my holding level. (fraction pence mean nothing for bigger investment plan).
Be Wise & forward looking in Investing π¦
Roxy: βStill plenty of time for the nayers to rethink their strategy and jump on this ride as this is as cheap as it will get.β
Said as a former nayer yourself!