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INFO out there but you have to do OWN research to find it.
- Drill costs already covered for start of Production and revenue generation will be rapid.
- DQE deal terms agreed & with Head Office for final signature. We always did expect this need confirmation for operational start.
This will mean LOW COST / FAST TRACK development of full field towards 7,000-9,000 bbl a day with some offtake component.
If DQE deal was not on table development will happen in more organic way with Production Revenue supporting this.
- Mr Mike Buck does not see Petro China agreement as problem because land is not own by PC (only lease) & MRPAM who are on "both sides of negotiation". Before anyone ask he & MRPAM know better legal position & negotiation position. He has no concern over this.
- Producer has much more flexible option over funding. Anyone who say it will be same price as when we did not even have go ahead maybe does not understand this point.
- Multiple RNSs we can expect as Company prepare FIELD DEVELOPMENT OPERATIONS and other Newsflow like DQE JV conclusion etc.
Very different from long periods of uncertainty with developments - think most can see situation very different from before so PRICE OUTCOMES DIFFERENT.
Believe who you want - it is your Investment!
Be Wise, Research & Focus on Company move to PRODUCER STATUS - this is major shift in Company development stage with SP which should match 🦉
My guess is Matd have less than £6m right now. However thats enough for two drills if they get the permissions early enough. The revenue from these would keep them going without further activity but to develop the field more rapidly a raise or JV is the only way. The DQE deal is a strange one, its been on the cusp of signature for a long time. The PC arrangement seems to be promised but never actually signed off.
MB stated he has enough money until July at least. My guess is he'll raise after the next bit of good news if its soon. If its not soon and the land access drags on then he will have no choice at soem point. The later he leaves it the more desperate the discount he has to give.
My own view is PC want our oil and have this local governer in their pocket. He seems to have a knack of finding new ways to delay the process.
Researchandhold said //BP is like a stain on humanity//
Last year's placing was for $10million at 2.5p re share - expect similar.
What's your views on a possible placing and at what price?
Do we have enough cash to kick off the 2024 activities?
Why is it taking so long to finalize the deal with PC and DQE? just a few things on my mind...
What options do we have if PC is a no go?
A rise to 5/ 6p and RNSs will push it to double figure.
Lots to go. It is just the start.
This is MATD year.
Brent $83+.
Researchandhold said //BP is like a stain on humanity//
A rise to 5.5p or 6p enabling the "weak" holders can exit with their money back - then fall back below 5p for the long-suffering WOS acolytes to resume their weary sojourn.
Absolutely- We have been waiting around for years for apparent minor bits of paper and signatures. I’m not getting excited until the oil starts pumping.
Thornogson - by that logic we should be thanking Pol Pot for promoting egalitarianism and equal rights. We’ll just forget about some of his misdemeanours.
And yes, I don’t trawl through Google search. I much prefer to attend AGMs and the like but sadly, despite being listed in the UK and incorporated in the Isle of Man, they are held in Mongolia with no other face to face meetings held with UK investors, who I’m guessing must form a fair chunk of the share register.
Additionally, you’re failing to mention that WOS has been mostly wrong for the past year, shuts down any attempt at debate, stalks members and disrupts other boards.
But you keep defending WOS.
For a good jump here a decent further RNS is required to confirm no more hurdles to overcome and PM is ready and waiting weather permitting to start ground preparations. There has been some big steps in the right direction to get there already and we should be happy the trend is up and we can see a bit of wood from the trees.
GLA
Did change thread with my name because it takes away from INVESTMENT discussion but thank you.
This header? - do not know about Open price but do have good idea about TREND DIRECTION - UP! ⬆️
🦉
Back to INVESTMENT discussion! Change thread to help this and thank you Mr Thorngasson, Dozzawba, Cybertron, Researchandhold, Okay and others for kind words.
I did say will stop posting Intel & why! I hope BB discussion will stay on topic of Company & (real) Investor interest.
Mr Aesychlus
Mongolia People's Revolutionary Party change name to Mongolian Peoples Party (MPP)(Centre Left politics) - they are Govt in Mongolia and push hard on Economic / Investment based agenda.
Local governor is put forward by elected Municipal council (or Provincial council as RNS term use for Dirnod - District is term for Mata Sum).
Prime Minister then decide if candidate put forward is suitable so have FINAL say - he can refuse candidate put forward.
Hope that help 🦉
I predict a follow up RNS this week .
This will than get the SP northbound but very gradually.
GLA
I predict 5p
Me and cyber were buddies over on he1 sadly one week my investment went down and he laughed that I sold up and had to buy back in at a higher price.. Sadly I didn’t agree a raise wasn’t coming so he laughed when my investment went down.
Guess what????? A raise did come……..
Just one of the posters on lse who can’t see alternative views and anyone with a different view gets nasty with them
Not very difficult for someone whose only been a member 9 months, Pot and Kettle!!!⁉️ GLA
And what does your post history tell us about you Cyber? 🤔
The only thing doc tells us is that his nasty lonely person who just picks on others,doesn't show any sign of being a positive human being and is a keyboard bully also has time to go through your posting history shows no mates billy big ballks with nothing to do in life
A late reply Doc.
I thank WOS when he tells me things that I didn't know that help me make what I hope are more informed decisions.
Pictures of Petro Matad in The Isle of Man.
Our Ambassador with Mr Buck meeting up high Mongolian officials.
Knowing that the country was desperate for fuel and fuel security was very high on the political agenda.
Knowing that herder's had accepted compensation and that the activists were furious.
Knowing that Petro Matad had bought coal to support the local community.
Knowing that the local Governors tenure in office is dependent on Central Government appointment.
All good stuff in my book.
Did you tell me any of this?
p.s. and Master/Dozz/others
WOS has put more info and research on here then the whole BB has in the time time I've been here, I ly noticed a few wannabe traders posting negative towards him while they had zero input lol
Well done wos heard you also got the original RNS right too, credit to this board otherwise. So may people would have lost out and sold due to the sick deramping idiots in this board
This was a rushed RNS.
No mention of renewables.
No mention of DQE deal.
PR team needs to do more to inform investors of local efforts. Donation etc.
I believe PM should start a legal case against the Governor to overide him. He clearly is not cooprating
Thanks for that info WOS.
So the Dornod Governor staying in post after the elections, is dependant on whether he is aligned with the majority political view of the newly elected municipal councils, right?
He is a Mongolian People's Revolutionary Party member. Sounds like an unreconstructed soviet bureaucrat with all that entails!
Header say it all, Sirs
But link here say more again, Sirs:
https://www.hellomagazine.com/tags/simon-cowell/
(Mr Michu be wise and focus on trading and not Investment matd.l ...and so do have lots of time for gossiping & discussing television celebrities, Sir)
Mr Doc - maybe spend less time gossiping & discussing television celebrities - this is not 'Hello Magazine'
"Local elections are held every four years in all 21 Provinces. After each election the newly elected Municipal councils RECOMMEND a governor.
However, the Prime Minister has the power to CHOOSE Provincial governors.
Local governments in Mongolia hold LIMITED authority and are generally tasked with implementing the Central Govt policies"
Also understand why Company Special Certification - this give them much stronger legal status if anyone try tonintergere in any way with opetations in future. I always point out Project of National Importance have many other benefits - link this with 2019 Law where National Security Council - Prime Minister, President & Speaker) can dismiss any Judge who they see as 'dishonest' to protect National interest.
Maybe now Special Certification make more sense and also understand how Petro Matad (supported by Govt) building up position at heart of Energy policy in Country.
*Also maybe check how Mongolia one of fastest growing Global Economies and how shareholders will be part of this thru Petro Matad investment - lot talk about "Powerful Neighbour China" but his will be our advantage with INWARD CAPEX INVESTMENT & OUTWARD ENERGY EXPORT! 😏
Be Wise & Focus on INVESTMENT not television show! 🦉
NicetoMichu - you’re quite right, Simon Cowell is a right c.0ck so probably best WOS plays that part ;)
That's really helpful notpleb thank you. I wonder how long the appointment lasts? I.e. is it time limited or reviewed. I'll try and find out.