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If it wasn’t material. Why was RNS released and SP spiked.
Do read what you write
We only know the information because someone leaked it from inside the meeting.
He is anti mining.
Prof . You are clueless. Why did he release the RNS. Hour after I posted . Why not wait. When was the last time an operation RNS was released at midday.
The next RNS Will have all the details you want master. The news was leaked he had to get it out asap
Selling at 3.10 already.
Doc83 ;
"They ( sic) may be some kind of algo trading going on " you said.
In fact, according to Select USA, in the US and other developed financial markets, an estimated 60-75 % of overall trading volume in equity markets is algorithmic, and according to Wiki ; " 92% of of trading in the Forex market was performed by trading algorithms rather than humans."
Wiki also says ;
"The algorithms do not simply trade on simple news stories but also interpret more difficult to understand news. Some firms are also attempting to automatically assign sentiment (deciding if the news is good or bad) to news stories so that automated trading can work directly on the news story."
Pretty good straw!
Researchandhold said //BP is like a stain on humanity//
MB was clutching at straws to say anything positive before the AGM notice.
The local committee vote was the straw he grabbed.
The local approval was given on the 28th. He had 29th to write the RNS and release on 1st at 7am. But he only released it once I posted around 11am on the 1st.
Doesn’t anyone else think that the info should’ve been released on the 29th as a price sensitive info was known by the company .
I do not think he wanted the shareholders to find out. It’s half baked RNS.
No mention of anything else. It was released in a hurry so SP doesn’t fly away.
Doc . The news is excellent and PM are good to go once district authorities sign. But MB had to put we remain vigilant. Why does he need to put that in . When it gets rejected then he should inform the Shareholders.
It will happen. It’s just the overlap that is he concern . Which is still not PM s problem.
Master82 - I can't keep up with you. I thought this was all good news and we're finally off to the races?
Mr Master
It is just the way Mr Buck communicates. He is not hype like some CEO but very low key boss. This is just his way sir.
IOM meeting? With MRPAM, MMHI & Mongol Ambassador there in person you know it has something BIG & good for shareholders - I have my own ideas but happy to let them reveal in own time.
This is why I expect POSITIVE RNS after RNS coming soon for shareholders.
🦉
Big boys want to get in at lower SP is my prediction.
All parties have been aware what (& who) hold up is for Special Certification for done time (Local land permission which was always PLAN A is approved by Matad Committee - RNS 1st Mar 2024).
Now to header - see Petro Matad X Platform meeting with MRPAM.
"The two parties (MRPAM & Petro Matad) to the Production Sharing Contract reviewed COMPLIANCE & IMPLEMENTATION of the PSC" - we know from RNS full compliance & no overlap issue.
"During the meeting, both Petro Matad and MRPAM pledged to work together to overcome ALL obstacles to enable COMMENCEMENT OF PRODUCTION FROM BLOCK XX IN 2024".
I bring this up because now details make more sense after last RNS and letter about "sensitive issues" with "confidence" in this.
MRPAM / Central Govt are prepared & WILL see Block XX production this year. They will not lose more PsC revenue because of 1 person and when Cabinet have passed the SC and with no legal base for overlap issue
REMEMBER THIS IS FOR SSPL and NOT LOCAL AGREED PERMISSION!
RNS say the issue FORMALLY raised with MRPAM, MMHI, Ministry of Economic Development, Central Land Agency, Deputy Prime Minister, Prime Minister and President.
What Platform X communication from Jan 16th tell me is that they have been prepared for Local Governor issue and will deal with this seperate from Local Access Permission - HE WILL NOT BE ALLOWED TO INTERFERE and Prime Minister have final say on his appointment / dismissal.
With this we can expect Local Govt Meeting paperwork to be quickly delivered - this is not Cabinet level decision or Provincial Govt beauracracy but local (district) council paper permission & stamp.
Make your own investment decision - we all see how much interest flood into stock but also how badly research many who post are.
Focus on INVESTMENT & all INTEL 🦉
I’m concerned as to why PM released that RNS. Does MB and gang want to invest at lower sp. thinks what it looks like.
Every time He has been caught out he turns in to a politician and brushes it under the carpet.
We still have no clear answer as to why PM were in IOM .
Why was there a new company registered.
What is happening with Renewables.
What has happened to DQE program.
He has not indicated how many wells are planned in block 20. The info was found on social media.
What is his game. Why turn a positive news in to a slight negative spin on it.
Something doesn’t seem to add up.
Researchandhold said //BP is like a stain on humanity//
//This isn't gonna rise much even on news ?//
haha - I've been saying that all along!!!
And 2 weeks for the Heron workover & into production? Seems very optimistic to me.
Asking for a friend
This isn't gonna rise much even on news ?
A good time to buy in for the ISA
I'll go with after the elections as I think MATAD will be used as some sort of pawn in this long and drawn out saga, hopefully I'm completely wrong. GLA
Just wanted to add that heron includes the block xx exploitation area.
Agree Guyswonga.
This ride is looking more promising now than its been for years. The point of debate will now turn to block xx once heron 1 starts producing.
Aeschylus I think your obsessed with me, but I'm not into guys sorry and a No means no so please don't keep trying it won't work,
Not surprising the market makers pulled it back to 3p, I think MATD rushed the last RNS, but the sign off on the 28th Feb has derisked the likelihood of the green light once the stubborn governor finally signs on the dotted line. May should see the workover on Heron 1, 2 weeks work and soon MATAD all being well will finally after all these years be a producer