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@ Thorngoson - thanks for the response.
@Bprophet - yeah I’ve come to keeping an open mind to the contrarian view or more negative view is not a bad thing. You are made more aware of the risks. Are you invested?
I think I can see Hamm’s opinion, I’d maybe even say he or she is very bullish…
Mr. iamrich this is good point you make on time for admin process. Thank you sir
Happy to hold for this :)
The positive news would definitely leak and MATD should confirm it. MB said LP RNS to notify the shareholders asa they get it.
Al-investor welcome to matd, your at the right place right time and consider your self lucky as some investors have waited years for this moment to get LP and heron on production, but added bonus of new licenses and velociraptor drill to add
We are now 10.9% up on IG ...
Moving fast!
Wise owl, I wouldn't say RNS this soon mate, there will be administrational business to cover aswell as getting signatures from The top guys so my expectations are week or two,
MB has made the LP draft ready. It could be any time. It might be today.
LP=20p+
Lurked for a while but now in for 58k shares using some money i made from flipping darktrace. :) fingers crossed for the weeks ahead
In for a double digit blue finish today. Just under 10% now on IG any 9.62%.
Good day so far, Monday could be the day ....
GLA
I have never said good things won't happen - merely countered what I see has blatant ramping & asked questions about the future for PM if not everything goes the way investors hope.
I was very, very negative years ago back in the days of Bergen 'death spiral' finance and bailed.
Back then they were trying to finance wild cat oil exploration with confetti money, I could only see a bad outcome.
Now they have oil. They just need a piece of paper to pump it out of the ground. It's been a time coming because the locals don't want to give a permit. They're meeting today and might change their mind.
If not the Mongolian Government have changed the law to allow them to issue the necessary permits if necessary.
They're trying to build confidence in Mongolia as a place to do business and attract foreign companies and investment into Mongolia.
Ministers have told Petro Matad that they'll get the permit.
Chalk and cheese from back then.
We have oil, we have funds, we have drilling contracts being finalised.
We just need a bit of paper not a roll of the dice and let's hope we find oil before we run out of money.
I was invested here sometime ago and butted heads with some of you, I saw you as derampers. Ultimately you were right and I was wrong and the SP halved as the land permit never happened.
Genuine question, to those of you I thought were overly negative. Do you see the tide changing here? Do you think the land permit is imminent?
Some of the names I can’t remember, but 2 years ago there were a few very negative people on here- so it is to all of you that I aim this question (I just remember Hamm and Badprophet in particular).
If the doubters have changed their minds then that I find that a positive sign.
Good luck all (currently not invested but thinking about it)
RNS in Monday I think and because company must get official confirming for RNS. Not herder who wattsapp from back of Yak.
This mean meeting decision must be sign & all procedure finish to make official.
One thing tell me with confidence is
1) Change if law so central Govt overude local govt so local govt cannot be greedy now
2) Mining Minister mr J Gambaatar promise MATD will get LP
3) British Ambassador & CEO confirm have regular meeting with Mongol Govt
4) Ambassador confirm confidence Mongol Govt to give LP
5) CEO confirm VERY CONFIDENT coming very soon
6) Company confirm relation much better with local govt & look with confidence to be sorted out at even local level.
7) Know local level meeting discuss this now and know central govt overude them if they not give LP so no choice for them really
8) Mining Minister mr J Gambaatar mention in international meetings in last 2 week how company have problem before but Govt now putting all in place to sort out this thi g for foreign company investing
9) New licence round which MÀTD help Govt organizer & tell you everything about relationship between Central govt & MATD
10) New law by central govt to put protestor in prison if they do something like block land access after govt give permission
Now you make up mind with SP now less then 5p and RENAV 58p/26p
https://progressive-research.com/wp-content/uploads/data-sync/research/MATD%2020230302.pdf?utm_source=sendgrid.com&utm_medium=email&utm_campaign=website
Happy to hold MATD share before mother if all breakout I think :)
Very exciting times
Actually, the course should show where it is going, the Mongolians are not stupid.
Lunchtime RNS
That the meetings for what we think it’s for…..indeed meeting outcome will be out before it’s officially released via word of mouth.
The rise it will being will be intriguing, a disappointing rise on finding oil, a short lived rise on exploitation licence, but is this not the final step and will finally see a sustained rise , helped along by drill anticipation!?!?.
20p would be a market cap of 250m…..certainly not impossible…..GLA…….
Badprophet even with my huge holding here I do find your posts funny as an antidote to the blatant rampers on here…..certainly a devils advocate question wise…lol…….although I would buy in now if you haven’t already lol
You're a Top Man Master82.
I look forward to hearing something tonight or over the weekend.
Tick, Tock...
Still nothing posted yet.
Yesterday news only came in at around 4pm GMT.
Looks to be moving up.
With Mongolia being 8 hours ahead I suppose the outcome of today's local meeting might be known by now?
But yes as wise owl and you said and I said nothing is certain in life even your wife could cheat in you today and is a better chance of that
I disagree, she left me years ago. Was the only time a LTH actually worked out :)
Yes doc83 nothing has been priced in so yes when that LP lands we are expecting mega fireworks, this so why some of us are so excited, easy 15p on LP and velociraptor drill confirmation, once herons starts producing and if velociraptor was to be a success imagine the share price here plus matd are going for new licenses, the future is strong for matd, not a share to miss out on, anyone buying now is actually at the right place at the right time,
But yes as wise owl and you said and I said nothing is certain in life even your wife could cheat in you today and is a better chance of that
Main market look strong I see . Look like people buying back into share :)
IG has us open as nearly 4.5% at the start of today .....
Had a funny feeling that we would make a decent climb today on expectation of an RNS next week.
Fingers Crossed.
GLA
I will add as many shares as I can today.
Might be the last time we see it at this level.
LP=20p+