Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Too true mmafr.
Petro Matad has always been about balancing the reward (oil) with the risks: Bureaucracy, corruption, local protestors, the need for ongoing funding/dilution coupled with every present delays and timescales and obtaining the necessary permissions.
Looking at the rewards they're now more tangible than ever and the risks?
They appear to be disappearing like the melting snow on the Mongolian Winter Steppes.
The only significant risk that I can foresee is DQE being committed elsewhere and what the alternatives and timescales might be.
I'm not really in the mood for more delays but equally should that happen I'd certainly look to hold or add more if able.
AIM investors always think they're in the one stock that'll make them rich but I do happen to think........
Well mmafr, we may well find out on Monday. fingers crossed.
I agree that it might all seem like familiar territory, but there's a significant difference now compared to before the last PR—the certainty that "the day" or this PR will indeed come wasn't as assured previously. That fundamental change cannot be overstated. The greatest uncertainty has been removed, and as investors, we can now afford to look forward to the developments with a sense of calm. While I understand the sentiment expressed in your post about needing an RNS announcing the start of production to truly move the needle, the groundwork laid by the recent approval means we're on a firmer path than before. This isn't just another damp squib; it's a step towards real, tangible progress!
"will it be an interesting end to the week"? Nope just another damp squib. I think nothing will move us up unless the next RNS says "we are pleased to start production" on whatever day it lands. GLA
CHAIRMAN OF THE TEAM CITIZEN COMMUNITY MEETING...
...# The public meeting of the team's citizens has a chairman, and it is included to receive a bonus equal to 40 percent of the team governor's salary.
In the past, when there were meetings in the rural teams, they all said one thing, and that was the problem of the head of the general meeting of the team.
The public meeting of citizens of the team is an important process where the citizens of the team discuss their daily problems.
The lack of a leader in the CGM of a given team leads to many difficulties, such as the loss of organization of meetings, lack of availability, and decisions not being implemented.
The team members of our province talked about this, but N. Jamukh, a member of the Kharchuluut team of Bayan-Uul sum of Dornod province, said this when he represented his sum in the discussion organized on the Land Law (2023.04).
Therefore, together with the famous members of the parliament who worked as the governor of the province, a bill to amend the relevant law was submitted and approved on the last day of the assembly session.
According to the change, the chairman of the National Assembly will receive a bonus equal to 40 percent of the salary of the team governor.
"On one of the other Boards that I follow (AVACTA) they're always going on about obtaining better value by listing on NASDAC.
Would that make a British company American?"
hmm probably make it British still, why, because it was incorporated in Britain.
When it comes to matd -
its more than where it trades its where its incorporated, in the west or in Mongolia
its more than who the parent company is, it's who owns it, the shareholders, where are they, in the west or in Mongolia
Does Petrovis have controlling share, no, where does that control exist, in the west or in Mongolia
Under which jurisdiction is it administered, in the west or in Mongolia
Under which laws does it abide by, in the west or in Mongolia well I expect as its operationally in Mongolia we could call it both.
Anyway we'll have to agree to disagree, because I think ownership is about actual ownership and we are talking geographic not individual, i.e. who owns the shares are they majority western owned or Mongolian, you obviously think its all about history and who started it.
On one of the other Boards that I follow (AVACTA) they're always going on about obtaining better value by listing on NASDAC.
Would that make a British company American?
Folks all that matters to many here invested is
a) How well are the board running this operation and are the investments the they have made worthwhile.
b) What is the return on their investments in the short to medium term. It doesn't matter if the company is wholly a subsidiary of a parent Mongolian corporation or run from a office somewhere in the isle of man.
Most I would say are fully focused as an investment on this ride.
GLA
Would you have them list on the Mongolian Stock Exchange?
Do you think that would be helpful in terms of financing and developing the company or not?
And the company is owned by shareholders the majority of which have zilch to do with Mongolia, How much it matters who the parent company is when history has sold out its interest into the west, the company is majority owned in the west, it trades in the west, is incorporated in the west and comes under western business ruling. Like I say for all intense and purpose it is western, the very best that could be said is it is an 'international' or a hybrid company due to its operational management being in Mongolia and the presence of Mongolian directors which give it a strong local identity. But I would question if it is Mongolian, it's operations are Mongolian but its ownership certainly is not. Either way we can agree to disagree, its unimportant for us, likely more important in the country it which it markets itself.
And the majority of employees will be..... Mongolian.
And the tax receipts will go to...... The Mongolian Government.
And the equipment, personnel and oil will be in..... Mongolia.
And the CEO will be....... in Singapore (!?)
I'm sure once Petro Matad is up and running with multiple fields, oil wells and renewable projects they'll have an office in Ulaanbaatar too.
" Isle of Man " I meant.
Stas20 ; I know full well that Matd is incorporated in the of Man - I have been invested in the company since 2019, and have participated on this board for quite a while too.
If I had a UK limited company, and I wanted to set up a subsidiary in say France, then I would have to formally open a French corporate entity over there according to French subsidiary laws. It doesn't alter the fact that the parent company is a UK company. That's why IMO it's not accurate to give the impression that Matd is primarily a western business.
Petro Matad's Chairperson is Enkhmaa Davaanyam - who also happens to be the CEO of Petrovis Group LLC....
A parent company is called a ' parent company ' for a good reason.....Petrovis LLC established Petro Matad as a subsidiary. As it says on the Petrovis website ; In order to discover enough oil resources in Mongolia and make the country independent in terms of energy and oil, Petrovis Group founded on December 31, 2004 the Petromatad LLC, which shall be engaged in oil exploration and production activities.
"Petromatad LLC managed to become the first company with a predominantly Mongolian ownership, whose shares are traded on the London Stock Exchange. "
https://en.petrovis.mn/
MB really need to put more meat on the bones, a proper business case, time scale....projected revenue/expenditure and time scale, forecast of potential dividend, and dates?
As yet, no RNS has announced the start of oil drilling and by definition, the accrual of income. To date there have been promising noises, but also ongoing delays. When we receive the definitive news that oil production has commenced the rerate will occur, but until then it is not surprising that upward movement is subdued.
The rise is due to recent events, the lack of a bigger rise perhaps due to longer term events and the long history of delays and frustrations?
There's nothing subjective about oil flows though and the income generated in Dollars . The hard numbers this generates with plans for further field development will cause a real re-rate.
Hope is hope, facts are facts.
We're gradually moving from the former to the latter?
Stas, we are where we were in January, March and April. Yes, a 50% jump. But after a 33% fall!
Don't get me wrong, I will be jumping for joy if we hit 9.54p and would certainly sell a good chuck of shares.
Doc, lukewarm? from 2.9p to 5.26p is hardly lukewarm, the same rise would see us at 9.54p
Stas, judging by the lukewarm reception to our previous positive RNS, 5p?! :D
Just imagine an RNS Monday saying DQE can fit us in and we have signed a cooperation contract with PetroChina for marketing of our oil, what do you recon on the price opening, 7p and rise from there?
I don't think many actually believed it but it raised some eyebrows for sure.... be funny if we do get RNS Monday though... Social media is nearly always leaky!
So who believed this X tweet about DQE contracted to the 10th June, guess we will see this afternoon if many did, as if true, then we should see an almighty FOMO in anticipation of a Monday RNS, will it be an interesting end to the week?
MATD is absolutely not Mongolian! They've just done everything they can to make it look that way for the locals so that they are supported!
I'll believe 26p when I see it. However, I do think that the most recent RNS will provide a floor (support) under the SP. Even if DQE/PC don't play ball, which I think is very possible, we can cling to the fact that the refinery will eventually be built and ready to receive Heron oil. There might just be a raise and some dilution before then, if we really do have to wait for the refinery, but you'd hope we'd be able to survive somehow until then.
Oh and yes I know it is listed as a subsidiary on Petrovis site but its a minority owned one now, it has been westernised :)