Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Wise..........I am a big holder..........but I am realistic and a very astute investor.
Who is telling the facts correctly today ?
//Read the RNS thoroughly.........this is flat until June//
Why? LP cabinet approval is not linkd in any way to Velociraptors time line and in any event many investors/speculators in anticipation of positive news flow. To wait until the RNS drops is too late if you want big gains.
Broker targets vary from 17p to 58p risked valuation giving average of 37.5p
I would say 30p is probably a good indicator of where this should go this year. Could go much higher with Velociraptor-1 coming in which would derisk Block 5 also.
New licences close to Chinese inner Mongolia multi-billion barrel fields should lift market price even higher. Lots of price moving catalysts ahead giving massive Upside fom current entry price for anyone looking in.
IMHO, DYOR
Keep selling ill keep buying
Mr Bline you are one who need to READ RNS thoroughly ;)
Say Mining ministry prepari g LP document for DIRECT submission to Cabibet fir approval.
Maybe you not know about previous local issue and how Central Givt now overude to give SPECIAL DESIGNSTION for land
This could hapoen this week
Be happy & learn to read / research :)
I don't understand folks getting all excited about this nothing RNS. I suppose if you throw a starving man a crust it looks like a banquet.
Read the RNS thoroughly.........this is flat until June
As an aside, 12 green boxes (I only have one filtered!). It’s only 8.14am!… imagine if we ever do get THE RNS!
Yeah I agree.. Looks like more information is required.. could fall back.
For those who have not seen the mpram team and agriculture TEAM measuring up in block 20.
L.P. not far off.
https://twitter.com/smasters2020/status/1642786672914866177?t=sJ59p63AyDN00uqOIQoiaQ&s=19
Exactly what I said and the RNS just told us, all hurdles completed and now comes the admin part, each department wil do their DD and sign off on this, this is why I said either in 2 weeks tops of it wil come sometime in April, LP in its way, Mike buck probably knows we are working it out so RNS something for us to chew on for now,
6p today or this week? Now that we are nearly there
SP flat as a fart so far. That tells us all we need to know and what the market thinks of it all. TBH, I expected it to rise a little bit.
Main market FTSE Up 0.59% also so money coming back into market now.
Just the right time for MÀTD multiple newsflow RNSs
FAST!!
L2 strong. 5p soon.
Going UP :)
Excellent RNS and agree mr Positive.People will start to take position for all Bews & Cabinet meeting this week to sign off LP
Happy to hold MATD share :)
I would agree Cornie.
This is no longer
‘we are pushing for law reform to allow central government to issues a special purpose LP’ (where MATD were last year)
This is now ‘this is going in front of parliament and is deemed of national importance’
It’s not the permit - yet but the story has turned around considerably since last year and sounds like it IS happening.
We’ll done master82 on ALL the fantastic research - thank you
Oil price is expected to go over $100.
Badprophet this really is the weakest derampers of all time
‘O see some other company produces oil and makes a loss, so what does that tell us’
Honestly BP that made me laugh today. You need to raise your game.
Spent 13 years accumulating millions of shares looks very likely that we are close to lift off.
To all LTH's we certainly have waited patiently. Reward is coming.
Excellent RNS.
PetroMatad has made lot of impact in helping Govt for additional Licence bidding round. MATD bidding for 5 new licences themselves.
Heron-1 should go live this year for sure. With Heron-2 and Heron-3 to follow straight after with multi-well DQE deal.
Velociraptor-1 is coming up for sure.
LP certification for Block XX by cabinet on its way.
Just seen Zeus/Arden have updated their research note, see below an extract from their 'Conclusion' section (clearly their full research disclaimers applies):
'Conclusion: Petro Matad operates in Mongolia where it is developing its 33mmbbl Heron
discovery. This is planned to be brought onstream in 2023, with subsequent drilling then
driving ongoing production ramp up. Development is expedited by the plan to use existing
nearby production facilities, and post the initial programme Petro Matad should be able to
use the cash flows to fund ongoing drilling, delivering regular drilling results and steady
growth in production and cash flow. There is upside on Heron from application of modern
completion techniques, which could increase recovery potentially as high as 60mmbbl.
Alongside Heron, there is very significant potential upside from upcoming drilling of the
Velociraptor-1 exploration well, which is targeting c.200mmbbl. This is expected to spud in
June 2023, and represents a profound drilling catalyst for the stock, in our view. The
company is well-funded from its US$6.6m end June 2022 cash holding and recent US$6.6m
placing. With news flow upcoming on both Heron and Velociraptor-1, alongside the discount
to our 17p total risked NAV, we have a positive outlook for the shares'
Clever one will load up with knowledge of RNSs and LP process bypass all local vote & go for Special Permit designation.
All paperwork prepare by Mining zministry & submit for signature to Cabibet. This is why Mining Minister mr J Gambaatar say LP will be all sorted out and release
I see COPL also has an RNS out. They are in the USA, producing & selling oil & STILL making losses. How does that reflect on MATD's prospects.