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In the context of Petro Matad's long and inglorious past in this regard Doc I'd say 'soon' is anytime between now and the start of the drilling season.
Odds are good I think.
The last RNS came at 12.14.
It was in no way planned and I think was 'flushed out' but Master's on-line research which he was going to 'reveal' at 3pm.
I think they knew the Land access/permission had been passed at local level and planned an RNS in the usual way - after hours or 7am next morning.
They then had to get it out ASAP rather than us finding out via Master/social media.
Keep your eyes peeled the last RNS landed at midday approximately our time. I did not pick it up myself till late afternoon for various reasons but we are now one week on from last RNS and by its wording and very directly pointing the finger at who is to blame and invoking effectively the whole of the government into that attack means this will be resolved i think fiarly quickly.
Midday our time is around 19.00 local time. Sign document last thing in weeks agenda say around 17.30-18.00 . Get news out to MB and onto already half written RNS and then onto the LSE about an our later. Could see the same sort of time lines again today.
Just catching up and reading lots of “imminently” and “soon” for 4p. Just for the avoidance of any doubt, how long is soon?
What's going on with HE1 right now just shows the danger of jumping blindly into FOMO sudden spikes - somebody who bought at the peak of the spike will be sitting on nearly a 50% loss right now...And a placing may be on the cards soon for them.
When the permit is signed it will attract new investors and the price will go up.
When the Heron makeover RNS is released (operator, start date etc) it will attract new investors and the price will go up.
When further Heron field development plans and funding RNS is released it will attract new investors and the price will go up.
When Heron first re-flows and flow rates RNS is released it will attract new investors and the price will go up.
etc. etc.
None of this will be in a straight line and by now the board will be unreadable due to all the usual hangers on who'll appear with there 'knowledge' and opinions.
But I shan't mind as me and my family will be rich, so I'll put up with it.
Would be nice to get at least a tenth of the volume going into that overpriced crap HE1 now that it's finally falling
Now back up to 4p Ask
Yep, nice 250k buy at 3.82, hopefully 4p++ soon
Ta Muchly, missed that good stuff they got down there then!, With oil expected in the 100-140 range shortly there will certainly be the pressure to get it out if the ground asap, hopefully the waiting is over and true value can be reflected
This will heading into 4p territory soon, won't take much to move it
Selling at this price is silly.
Double digit soon we get LP sorted.
3.85p paid
1 left on 3.90, all others 4++, 1 on 4.30
3.85 now paid
I mean, just who would sell this early in the day when the sp is clearly going to go over 4p imminently? Doh!
"RNS confirming LP next week".
That is a confident statement, no maybe this or maybe that, absolutely certain.
Let's see shall we?
Just thinking, the company might not RNS that the the vote has been signed. They have already RNS'd about the material event (i.e. the vote in favour of land access) and this is the only procedural requirement.
We may not get another update until the AGM info.
$83+ brent.
Real value of MATD 20+ p by the time we get Heron production.
Multi bagger in no time.
RNS confirming LP next week.
Only 2 on 3.80, then all the other 6 on 4++
Unobtainable with a sprinkle of additional shares
Light, sweet, free flowing.
Read the RNSs?
The oil recovered is very light, with an API gravity of 46 degrees making it one of the lightest oils recorded in the basin.
Do we know what type of crude they have? Is it a light or heavy. I spent time on the Madagascar oil site where the heavy crude added to extraction cost along with export issues.
Great post WOS, keep them coming, type of info which genuine investors appreciate.
Header say all & BUY or not - can see lots beginning to understanf now - more will follow as Operational/ Development RNSs start to get release one after the other.
I know most do not follow Mongolia Economic, Political or Legal developments. PDAC 2024 has been going on in Canada with personal attending by Mining Minister J Ganbaatar.
He meet with Canadian Development Minister and will be $100 billion development program in Asia Pacific/Indo Pacific regions with specifuc focuses on Mongolia. Also World Bank discussion on Renewable investments in region.
Think many who follow development will put all prices together where Petro Matad fit in & with CEO interviews on foreign JV money coming in / Renewable capex investment & energy export / IOM Meeting with Govt representatives.
This is background for Investor focus which will also bring in Funds / Institutions.
Block XX first and header say all with big INVESTOR INTEREST / PRICE MOVE to match this. We just see this beginning to start now.
🦉