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Makes you wonder why the MG are still dragging there heals and taking the **** out of matd
Give it a rest please Wise Old Owl.
You have been spouting the same message day after day for months.
It is clear you are as much in the dark and in the waiting game as we all are, the difference is we just don't keep regurgitating the same garbage every day.
Are awaiting the outcome of the LP before investing in Mongolia
As MATD shareholders we are in the privileged position of a transformational period .
The likely near term grant of LP
The June Spud
Green initiative JV .
The facts are we are genuinely further forward than ever before. Yes there’s been hurdles , but those hurdles and obstacles are no longer in our way.
Central government support is the key and we have it .
Doc reckons special purpose certification decision around September. Seems a reasonable estimate.
Say 8 weeks from beginning of April for all relevant departments to receive, consider and respond to the request (the departments need to put in their input - they aren't being bypassed for a reason).
If there are further questions or amendments needed however, then say another 8 weeks to investigate, respond and for the departments to consider the response.
So, if all things go pretty smoothly I think we can expect an RNS regarding the special purpose certification somewhere between June to September.
Header look at what I say about Q2 Newsflow & LP RNS ready to land with New Block news AND historical price pattern exact match.
Mr Surf other company have other structure & issue. You ask me comment but I say this
Petro Matad debt free with 100% asset ownership. Have extension into Toson Uul proven & in place 2 BILLION bbl. Have DQE deal term agreement to fast track growth. Have Renewable set up in Mongolia which have one if best global potential for renewable energy with hungry partner China to export to. Have new block many bigger then Quatar & planning development from oil revenue /JV with no dilution.
All this so cannot just compare 1 company to other sir hope you understand :)
What I see is mr Mike Buck use experience & in country knowledge / relation to build small company into major player & all shareholder will benefit in multiple price increase.
WiseOwl will be one if this & why I do not even think for 1 second to key my share go & why I buy more yesterday and will again today
I am Happy for this & breakout soon will make everyone happy also :)
Will be an interesting day today should be able to move up with those big trades restricting us yesterday weather buys or sells no longer matters
WO Please read the RNS from PTAL today then come back to me with your predicted SP figures
We all party soon mr NicetoMichu lol
Look at header and see what it mean then get clear picture of what shareholder get very soon.
1) Will get RNS on New Block result very soon
2) More important and say again Mongol Govt need more foreign investment interest in new block. When 1st tranche of 5 block only get 3 bid Mining Minister go straight in foreign investment tour
3) Special Certification ONLY need signature of Cabinet now and Cabinet meeting every week
RNS will re-rate price MUCH MORE then people who look for few percent benefit of price drop. Now can see even more low price seller out & high price buyer replace them
This with multiple RNS we can expect tell you all get ready for BIG price move.
Now I look at all old price move people talk about & pattern almost EXACT same as now.
Push from 3p to 5p then stop then hard push to 6p then pull back around price level now
THEN
Massive breakout to 9p and before 35p. All fu damental line up for higher estimate & can see with all happen in Q2 buyer get ready to take position again.
Train never did stop with uptrend still there. Train just get ready to start to move again & fast
Happy to already hold share & not miss Breakout / RNS :)
Mongolia refinery to be built by India by 2025
currentaffairs.adda247.com 2023 04 25
Mongolia will have its first oil refinery up and running by 2025. The first phase of the $1.2 billion Indian soft loan-funded Mongol Oil Refinery will be finished by the end of the year. Given that Russia is the only source of energy imports for Mongolia, the development has strategic ramifications.
Mongolia refinery to be built by India by 2025: Key Points
The refinery will enable Mongolia to satisfy 70% of its domestic demand.
According to the nation’s ambassador, Dambajav Ganbold, the first oil refinery in Mongolia, which is being constructed on the outskirts of the capital city of Ulaanbaatar with funding from India, would be finished by 2025.
Mongolia also intends to entice investment from India in its mining and metals industries with intentions to start shipping coking coal to India by 2024.
What all Mongolia have to offer?
Important rare earth metals are also found in Mongolia, which may be essential to India’s plans to develop cutting-edge technical capabilities in semiconductors and sustainable transportation.
Indian businesses have already travelled to Mongolia to investigate these possibilities. It is anticipated that regular direct flights between Mongolia and India will be established in order to enable these exchanges.
India is Mongolia’s significant “third neighbour” in this area. This is one of the foreign policy’s key ideas, and it first came up because of Mongolia’s two large neighbours, Russia and China.
So, in order for Mongolia to be an independent state, it is needed to establish contact with a third neighbour.
This provides Mongolia the chance to expand and strengthen collaboration both locally and globally.
Since Prime Minister Modi’s historic visit to Mongolia in 2015, the governments have agreed to build the country’s first oil refinery.
This refinery project, which comprises four packages, is currently in full swing.
Right now, the first package, or EPC 1, is more than 70% finished, and it will be finished this year.
Following the tender procedure for the final three packages, Hyderabad-based Megha Engineering and Infrastructures Limited was chosen.
Mongolia’s Independence and energy security will increase thanks to the refinery
$15/bbl extraction cost.....
oh yes please !!!
Thats why these wells are so profitable with very High NPV10 values.
No surprise that Progressive Research analysts got decent valuations:
Heron.............26.7p
Velociraptor....32p
we need something meaningfully positive re LP grant soon, I feel... and to that end. I'd be very happy if Mr WiseOwlSpeak might consider immediately hosting a without feather - Sir- party for all Ministers, please!
I sold a small amount of shares this afternoon and it was declared as a Buy, strange...
Found this earlier, will it cost the company $15 a barrel to extract doesn't seem a lot? https://geonet.mris.mn/geonetwork/srv/eng/catalog.search#/metadata/a5f26f7f-f343-4289-aa27-a000bcde7173 GLA
Doc thank you for that.
I knew you and bad are the mms for PM. ;)
master, this was my post from earlier on as a possible explanation:
“Ibiza28 - it is not as straightforward as you say.
There are rules on trade reporting, for example, trades above a certain sizer or multiple of the NMS can delay reporting to as late as the next day, so there might be a giant sell that we do not yet know about. Equally, the market maker(s) may well know there is a large buyer or seller, or someone filling an 'ice berg' order.
Those with level 2 access can sometimes work out how the SP might react to certain size orders by looking at the depth on the order book. But not all orders might be on there.”
I still don't understand why price goes down when there are more to purchases.
How do they justify taking price down when there are clearly double the amount of purchases.
Pure manipulation or am I missing something here
big buy order was being filled.
That 150k was definitely a buy.
looks like a buy
Holiday on Fantasy Island for fantasy holder ;)
iamrich - if this hits 15p, I’ll be off on a nice holiday.
You carry on with the insults. Just shows you’re massively insecure about your investment and probably over exposed to one stock!
Doc83 my prediction is this will hit 15p all of a sudden when LP lands and you will be crying like the little beach you are
2nd tranche New Block release on Feb 24th 2023 and can also link this with SE Asia Oil expo visit & Mining Minister visit to Canada.
This us why Special certification push through now as priority.
Block VIII (Khingor), Block XXII (Bayankhoshuu), Block XXV (Choir), Block XXVI (Tsaldam) and Block XXVIII (Kherlentokhoi).
Do not want to get just 3 bid like 1 Tranche 5 block. Think MATD win at least one block in 1st tranche and expect that RNS now with result any day.
Think logic for Special Certification priority RNS very strong.
Check ALL new block licence in document link from Page 24
https://anyflip.com/opmlo/snyx/
Happy I already hold MATD share & top up today :)
Transaction price at 5.55 I think it's a buy, some one has more info then us I would say or is very confident, follow the money