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How very lucky that the company managed to get the placing away, just a few days before this RNS.
I was also very lucky that my broker talked me into taking early profits from the placing.
I may buy back at some point, but not today.
What happened then to Special permit?
What happened to MG support?
MATD has been sent back begging the locals?
Perhaps MATD should stop drilling till getting LP!
Perhaps MATD should stop paying /support the locals ( paying for volleyball team) till LP secured!
No specific date for anything!
Advance talks, progress, hoping, would be, could be etc etc etc...
MB should sit in the ministry of mine and not leaving till he gets the permit.
That is not acceptable really! Why a penny should be spent before LP granted!
Minister of mining should honor his words if he has any!
Wher do we get from here ? Exploration! Renewable!
You sound nervous Wise Owl I am just saying that more lack of action and more delay means we can buy at 2.5 very soon and then wait for next spike
A quite simply astonishingly pointless RNS.
We already know about Velociraptor and renewable JV etc. The only part that we didn’t know about was any update on Heron. Of which there is NO CHANGE. Out of all that, this is the only bit you need to read:
“ progressing although more slowly than the Company was initially advised. We continue to press for rapid action at all levels and this remains our number one priority. “
So basically, as we already knew, they were misled by MG and it is taking longer than they thought (no sh.*t Sherlock, it’s middle of February 2023) and they are continuing (yawn) to “press” for rapid action, because that’s worked so far, not.
One has to wonder, how serious did the mining monster who promised this seem when telling MB. Did MB read him badly, or did he really have an inkling and thought I’ll do the presentation in December anyway (he could have given us the update in October when he said he was told this) and wait just before we need funds, so as to pump the price up.
It’s all a bit smelly really and I’ll have to consider now selling down my additional shares bought in the raise.
PLEASE PLEASE PLEASE ignore UNwiseowl who will obviously keep parroting 50x multibagger. He is a known scumbag on LSE.
I cant see the Land permits taking that much longer, yes its all going very slow here due to red tape nonsense but MATD have a long relationship in the country, The Gov want this up and running.. The refinery is on course, we are linking up with a renewables firm for future plans.. in the months ahead MATD will be a completely different company..with a much higher SP.. Personally I've waited this long a few more months is nothing except a time to get some cheap shares...Just my view.
If the land permit issue is not resolved before Velociraptor spuds then we run the risk of a duster and no permit for the only oil this company has ever found. It baffles me why MATD didn't start the drilling programme way back at Heron as this was the best chance of success. Instead they went from duster to duster decimating the share price and burning cash. Now we are off again spending money before we have any revenue streams up and running. Beggars belief!
LTH's will be buying now.. not selling imho
As I said - nothing about getting Heron into production, all about new drills which may or may not produce finds (20%).
Mr master just get ready for lift off with VELOCIRAPTOR
LP will come and at any time but Velocirapror coming in few week :)
Sad thing is we have been waiting for the permit since 2019. How much longer are they going to take.
MB said 3 months to pump for a raise.
Lets hope we get this company to start making money this year .
Header tell you why this will attract so much attention from Investor & price rise ;)
Good post Shareinvestment... nothing has changed here, drilling was never going to happen in Feb or March anyway... Good relationships between MATD and the locals in paramount, drilling contracts in place.. and we are well under the 5p we were so plenty upside from here.
you find a potential 10-20 bagger within 6 months
Heron permit will be given as there’s too much government momentum behind it .
So suddenly this year we’ll be a producer.
And …. etc etc etc so much more happening and full financed ….. onward and upward
Looks ok to me and much more exciting than it has been here for a while. We are funded to drill an exciting Exploration Prospect soon, say April/May, which, although high risk, would transform MATD. In the meantime they continue to push in all directions to resolve Heron, where we are already funded by probably $5mio or so cash left before this raise, say we spend $1.5mio on Heron to get production going, we will be able to fund the further 2-3 development wells from the cash left for that side of the business and production revenue from the first Heron well. Costs in this part of the world to drill a well are pretty low, say $2-3mio per well and productions costs maybe $10 per barrel. They have no debt and no warrants, are fully funded for all projects and are well placed to get some new value accretive licences. Personally 2023 will be very exciting for MATD and we all know it and may add if there is any weakness. Just my thoughts DYOR
Mr F3dinand most long term holder like Mr Donkee very excited & happy to see mega drill start in few week.
Only new one on BB or sneaky trader making noise lol
Rest look forward to tsunami of interest that come from Investor who will jump into share for giant Velocirapror drill in next few week :)
See how many new poster here making noise but will first one to try to BUY when market open lol
Q2 VELOCITRAPTOR drill. Already can see desperate one put false header about Q3 lol. Why he do this if he not afraid investor jump in for this?
DQE contract complete. Negotiation for long time so know complete contract must be everything both side have agreed so RNS on signing any day for release
New license for MATD and we are best company in Mongolia for this. Lots of other will look to JV with MATD and read RNS
LP come when come but know Mongol Govt & Ministry all support this even if paperwork slow
Now with all extra funding & DQE signature & New license we do not have to wait around like sloth & do nothing
Thus us why mr Mike Buck did genius move & why those sneaky one who CRY really look to BUY ;)
Happy & ready for all RNS & prepare for Velocirapror in next few week :)
The combination of SunSteppe's expertise, contacts and track record with Petro Matad's project execution experience...
PMSL
Sorry chaps, no longer invested in Matd but saw this and burst out..
"Petro Matad's project execution experience" - execution, they never executed on my original 2018 investment, but but but after waiting 5 years they now look to renewables.......
astonished to read that Mike Buck is "disappointed with the pace " he should be fully used to this pace by now....
I see nothing bad there, all can see is a very busy year..
Raptor being drilled in Q2, which we all knew!
This alone if it comes in, will transform everything, company and investors alone..
What’s another 6months for LTH?
The LP comes when it comes.
Lots to look forward too
GLA
There seems to be a lot of disgruntled long termers in this share! If you really are as pessimistic then why don’t you just sell up? I’m here for the massive drill which is now only weeks away- Herron will come when it comes!
So much for government support.
Same old rubbish, copy and paste nothing been done LP still not anything close, HE1 sacked the CEO - MB your time is up
The line …central, district and provincial says it all…. The red tape is what’s hampering this not MB
wish I had a penny for each time it has been stated this is our year .... perhaps Solar is the way forward ....unreal he needs to go !
Thanks WiseOwl doing a good job here for the group
I agree… everything ongoing.. Carrot dangling