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Brel
All points considered but often by the time news gets issued the ship has sailed.
GLE
LP will landed sooner than you may think. Nobody will benefit if oil stays underground.
Look at 88 CM! This will be 10 bagger soon. Life changing finally.
Still a bargain.
It will get the permit otherwise Mongolia can say goodbye to foreign investors.
Like MB said the locals don't have a Veto.
Can't help wondering if we've got some Mongolian buyers on our hands if so could be some good news incoming poss next week
Hopefully, that is. Be good if the closing price stayed above the 4p mark. Those who bought in at sub 2p will be happy. Assuming nothing catastrophic happens we should stay on the uptrend now until the next news release and then it will respond accordingly.
I feel like we're getting inro sink or swim territory. The next big movement will probably either double or half the SP.
Well done to those of us who held thier nerve though early December when we were hanging round 2.8.
This morning is the first time I've been in profit since I can't remember when.
No point selling at this stage.
Months left for the uptrend .
Panic in April if nothing has been sorted.
For now enjoy the upward lift
I'm not concerned about someone's alleged holdings or claiming they sold etc.
The longer term prospects could be where the real fiscal advantages show.
Nice to see the positive move upwards continue. Joking aside, I do not have millions of shares (that was just a bit of fun after seeing some other members willy waving their big holdings!) but I did top up at around 3.5p after holding firm during what has been a mostly turgid year for PM.
Fingers crossed we get the LP and can finally earn some deserved big profits. 10p for me before I consider selling…
Sold a second tranche at 4.1p order went strait through just before 9am , same order would not execute yesterday after the 3.9p sale, just after 9am .
Almost same time of the day . .
Raydio well said and well done with great entry point.
This price is still a bargain that shouldn't be missed.
Multi bagger from here.
Raydio - 1.695 is a great price to buy in / top up again on this SP. Well done!
GLA
Quoted 4.12 to sell with Interactive Investor. Not selling. I bought again at 1.695 on 10 November to add to previous buys on the way down. Rises like this do not happen often but I still think believe 100% + rise is going to be multiplied several times or more on positive news. Too long in the tooth to get euphoric before the event but this is one of my strongest good "gut feel" shares. Have made good profits trading some of PM shares but keeping my finger away from the sell button despite recent spike in SP. The graph of PM's share price over recent years show the potential and how dramatically the price could rise overnight on positive news.
4.2 order hasn't been filled yet. I must be in a long queue.
This is very new/ strange that we can sell millions with no limits.
Some guys apparently know the news before us!
All in all it seems we are getting to pre placing price before LP landed.
As stated yesterday, the support isn't just small investors.
News filters first to those with connections.
GLE
4p broken. Up and away. 6/7p please
with better than wildcat COS", having an already established working petroleum system, mitigating some risk.
What really attracts me to the MATD investment case, is the broad risk profile with that Exploratory component offset by the Production component of Heron, further amplified by the major low cost / offtake based scalability DQE offer and additional Exploration / Appraisal upside of the huge multibillion barrel Tosun Uul basin.
MATD is perfectly positioned as it makes that fundamental transition from Explorer to Producer, with a fast track growth strategy already built in going forward.
I'm going to post somewhat infrequently henceforth, as the investment case speaks for itself for those willing to assess it independently (which I hope everyone does).
It's essentially a Win/Winfor shareholders going forward IMO, hence the bullish sentiment attached to the stock and price progression expected, as stated in the header.
It was certainly worth the wait and should play out very well for shareholders going forward, as newer buyers come in strengthening the platform for future rises and as we start to move into a very condensed Newsflow period.
Also good to see a lot of the previous bears on board now, as part of the wider concensus recognizing the shift in operational diversity / outlook that the investment now presents and the major ROI we can reasonably expect, holding MATD stock.
Regards.
I hope everyone had a great Xmas and that we can look forward to a prosperous new year.
Regarding that latter sentiment and feeding into the MATD investment -
There looks to be an immanant price breakout, very closely following the previous one from sub 3p to 9p and prior to that the further run to 33p.
There's no major resistance level between 9p to 33p, which incidentally is very close to the 29p RENAV calculation at the discounted $60bbl oil price.
Somewhat more shares in issue but very significantly more operationally advanced now and with full funding in place, as opposed to the lack of on the more recent run to 9p.
This moves very aggresively and I expect the same building now, as we move into a heavy Newsflow period.
Points to consider / Newsflow due
1) Well Funded - Over $6M in the bank and well covered for operations. Mike Buck stated that Petro Matad is in a "very strong cash position", when directly asked about any possibility of a raise.
2) Land Access - Special Designation should be fixed by the end of Jan, as confirmed by the Minister of Mines in Oct, hence ANYTIME within the next approx 4 weeks (refer to Mike Buck's recent presentation).
Previous delays due to the Govt looking to resolve the issue at local level and in line with new legislation introduced in 2017. Now moved away from that and involving themselves directly, hence the Mining Minister's comments. Mike Buck & the team are in direct contact with relevant parties and expect it to be "any day now."
3) Timeframe for Heron - Chinese workers back from holidays in March/ April but many will be staying the Winter in Mongolia, so a good chance to get the Heron Workover commenced as soon as the Special Designation comes through.
Velociraptor - potentially "transformational" for the company AND country. $1.5-2M, high impact / low cost well. All permits & equipment IN PLACE & FULLY FUNDED, ready to drill in Q1 2023.
4) Contracts with drilling contractors on very favourable terms to Petro Matad, as per the presentation.
5) Renewables - Advanced stage discussions for an advantageous JV deal, with talks expected to be concluded very shortly. We had a visit from the World Bank representative, focused on supporting the Renewable sector and its proliferation in Mongolia.
6) DQE deal well advanced and highly advantageous for major scaling up and realization of Petro Matad's potential, with massive shareholder value by extension. I suspect that's already a done deal subject to official confirmation on the LP issuance (refer to DQE stated strategic aims, existent working relationship with Petro Matad and ongoing discussions with PetroM, linked with MBs comments on partnership).
Although we expect the Special Designation Land Permit to be issued any day, the potentially massive Velociraptor drill scheduled for Q1, should act as a very potent focus for investor interest going forward.
In MBs words, "a wildcat drill
We might get to 6p+ before LP landed and then double soon after.
With multiple news follows this could get 10 bagger from now on.
Exciting time ahead.
I had no problem getting a quote to sell nearly 10 million shares this morning, albeit I had to accept a bit below the quoted price.