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It just occurred to me that around this time last year MB did an interview saying we were nearly there, β1-3 monthsβ from October 2022β¦. The SP duly jumped from 2p to 5.5p and a raise was announced.
Fingers crossed that this years positive Christmas RNS isnβt a precursor to another raise!
The P M family.
CORPORATE INFORMATION
The financial report covers the consolidated entity of Petro Matad Limited and its controlled entities.
Petro Matad Limited, a company incorporated in the Isle of Man on 30 August 2007, has six wholly owned subsidiaries: Capcorp Mongolia LLC and Petro Matad LLC (both incorporated in Mongolia), Central Asian Petroleum Corporation Limited ("Capcorp"), Petromatad Invest Limited and Petro Matad Energy Limited (all incorporated in the Cayman Islands), Petro Matad Energy Limited (incorporated in the Isle of Man) and Petro Matad Singapore Pte Ltd (incorporated in Singapore). The Company has also entered into a joint venture with SunSteppe Power LLC (a renewables energy company focused on generation of clean energy in Mongolia), which is incorporated in Mongolia and is a 50% owned subsidiary of Petro Matad LLC.
Petro Matad Limited trades on the Alternative Investment Market (AIM), which is a sub-market of the London Stock Exchange, under the symbol MATD. Its major shareholder is Petrovis Matad Inc.
2Was
Not different company. This trade trip to Mongolia base around issue in Task and Finish Group report for CRITICAL MINERAL which also cover RENEWABLES (good idea to read this)
I put post at 13:34 about Petro Matad JV SunSteppe Resources which deal with Renewable AND have Lithium technologies. Also China import need.
Everything linked so not about Petro Matad but Petro Matad included.
Hope this help.
Keep focus on INVESTMENT - this is VERY SPECIAL Opportunity imo π¦
It's a different company?
What we want to see.
Nice steady price increase as part of UPTREND with strategic RE-RATES on multiple RNSs!
No big moves but price higher week by week & month by month.
Imvestment analysis show why π¦
Just in case not everyone knows
https://www.sunsteppe.com/about-us/
They can drive the well with a herd of Yaks for all I care . Just get the wells turning finally for peaks sake
Oil has many years left in it for sure and Mongolia's oil will be some of the last produced given the low cost of production and the relatively benevolent tax regime but it will be nice to know that Renewables will be in line for many years to come to more than make up the shortfall.
The likes of BP and Shell are spending big money to buy renewable capacity at premium rates.
Petro Matad have the luxury of building their capacity at low cost with hopefully high margins.
This has the potential to just get bigger and bigger.
More funds in the New Year for me and several family members still don't have ISAs.
Little snippet
https://www.sunsteppe.com/projects-1/
"China is not only the largest renewable energy market in the world, but it's EXPANSION continues to ACCELERATE . In the first half of the year, the funds spent in this direction doubled and reached 98 BILLION US dollars" - source: bloomberg.mn
"Power Generation Options: Solar, Wind and Lithium and other storage technologies. Vast sparely populated South Gobi ideal for larger projects. Grid supply to EXISTING NETWORK and EXPORT to CHINA" - source: SunSteppe.com
My focus is on NEAR TERM Block XX Newsflow /Developments / Production Revenue BUT I mention RENEWABLES so investor can understand picture that develop here & brilliant company strategy / shateholder value potential / Institution holding incentive.
I get back to FOCUS which is very near term company making RNS company say we can expect soon.
Research & Investment Analysis everything π¦
When you have GLOBAL BIGGEST RENEWABLE SECTOR POTENTIAL and UK company Petro Matad involve in this?
π¦
Tempted to buy more but then Mike Buck does like to drop a "nearly there (e.g. within 3 months!) type of RNS then make a raise on the back of a temporarily inflated share price figure.
Nuret Ghani on bloomberg talking about renewables in Mongolia
I wonder if she is talking about PM
https://fb.watch/p2Cy2aNPGS/
We also find out truth about IOM meeting where so many MMHI /MRPAM & Mongol Ambassador attend ππ
Agree mr Thornogson - I spend long time on research for company to INVEST in an MATD stand out for me from all other.
BB visitors say this & that but GROTH STRATEGY here with COINTRY POTENTIAL / POSITIONING, Strategic JV with DQE, Newsflow, Production Revenue to fund (part fund) growth and Fast track on opetations with Heron start - better for my funds then other gambles people choose.
I have assurance to build up BIGGER position here as proper investment.
Also one extra factor I put into your post - LARGE INVESTOR / INSTITUTION / FUND will take interest am sure.
Some will come in with LP secure, other will need Production / Revenue, other need to see Dividend - but they will COME!
This one's BUY BIG and HOLD.
This will start to change everything here π¦
Nice to be in better situation then I was years ago, instantly in 20% profit, long may it continue into a fruitful new year hopefully:D
Thornogson well said!
Hard to say what happens but the fundamentals look good and some profit-taking/trading won't hurt anyone along the way, as you could have made some good money in the past. I am just really skeptical of people wanting out at single-digit prices as I do believe this undervalues the company and its potential.
I agree with everyone!
The SP will spike on Heron approval and then fall back as the 'News' is sold, but shortly thereafter it'll spike again when we're told about the Field Development Plan and how it's going to be funded and the oil shipped, then it'll fall back a bit..... until the Heron Well is completed and we're told what the initial flow rates are. Here it might not slip back as all the posters on all the other oil boards (UKOG, UJO, BLOE etc ) see what a real oil company looks like and decide to jump ships. We'll now be getting all the 'What the ####' posts calculating flow rates, number of planned wells and estimated total oil production and projected revenues.
There'll also be announcements about plans for the two new blocks.
And the SunSteppe JV 'exciting' projects will be announced at some point giving us some idea of their scale and scope.
Unless the re-rate on the Heron permissions completion RNS is truly spectacular I think I'll sit on my hands and see how the next 6-9 months play out.
But never say never, there have been plenty of opportunities to make good money on this stock over the years but not many have (except Professional of course, but he's a wonder trader as we all know).
Takeover / Dividend will be quicker then people think. Main reason I discuss after LP because this is real focus now & look like company making RNS for this very soon.
Petrovis is biggest shareholder and will not wait further years for ROI I think.
DQE fast track development / Production / Revenue with access to borrowing facility accelerate DIVIDEND (again my opinion).
But BIGGEST DEVELOPMENT from research is something I discuss with BB later.
Just good to be holding for Uptrend of price now π¦
WhiteMan - if MATD ever pay a dividend, it will be years and year away IMO. These types of companies usually either sell out or try to grow big time. Again, a very different company but look at TXP and the recent news there.
I maintain that on the positive news we are all hoping for, the SP will spike quite a bit past where it eventually settles around, before consolidating and then perhaps slowly moving higher. Again, look at the likes of GGP. I'm betting a good/lucky trader will be able to make a packet if/when this damned signature is finally penned.
Back above $80.
Doc good one xD
btw I also think it would be crazy to sell early like master always says he would, you waited so many years for a two-bagger?
for me, it really is the question of whether I can bear the wait for the first dividend or not. It will probably take at least 2-3 more years, but hey I am only 25, and thinking about getting a 3p dividend from this is really enticing - after all Warren Buffet got rich by investing in companies that generated/distributed value greater than the initial investment, not by trading them for a 2x when revenue is secured/picks up.
I think everybody should remember how hard it was to buy in large quantities and at a good price (even harder when you can only buy at auctions like I can (IBKR/every swiss broker I have (I know people like to ask)) and if the oil is running we should be printing.
Multi-well program planned, and 2 new blocks acquired looks for me like a good prospect.
I do look at many houses tho so, I really am not sure and I think PM needs a 5 year plan and set goals for what they want to achieve. I think everybody knows that this rodeo we are doing with Heron HAS TO BE a virgin ride with new legislation and not normality.
Need to click on the reply button in that case and not the post message button
*** yes this post has large amounts of sarcasm and irony DYOR
Posted in reply I thought, my mistake 4p or not 4p
Well I haven't got two accounts I can assure you ! :)