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Doc, i think it is only good that the meeting on the 16th/17th has been arranged by MMHI. IMO MMHI know there is anti oil exploration/exploitation in Dornod province, mainly due to the actions of Petro China and that locals have never benefited from it. Add in the constant negativity from the Eco Activists, with the main woman also Dornod born, i believe they are taking the side of being against all exploration. Tbh can't blame them.
Therefore MMHI are there to talk about Responsible mining and to answer questions from locals. Instead of them hearing a biased point of view they can see how they can benefit, when there is responsible mining.
Also if locals are also aware or made aware that Petro China have been warned to clear up their act, i can only see good coming out of it. Add on top MMHI saying look at the fuel shortage you are witnessing we need to be exploiting our own oil and gas and this is why we are saying it is of National Importance. Well that's my take on it. Hopefully good comes out of it for us investors.
Hypothetically Doc if the 'powers that be' have decided that needs to be sorted by the start of drilling season 2024 then they've got two choices.
Impose their will and ram it down the local's throats and then just deal with the ensuing activist's protests or try to engage and get to happen by mutal consent?
With 'ramming it down the local's throat a Jan/Feb back up plan perhaps?
So long as it happens.
Agree Doc. If the Mongolians can't unblock this regulatory/red tape/"appease the locals" pipe in order to release hundreds of millions of barrels of oil, at a time when the country is facing crippling fuel shortages, then they really are beyond incompetent..
At the risk of sounding like WOS (!) - hopefully not too much longer to wait now.
ATB & GLA
Significantly up.
Fingers crossed positive news on the horizon for us LTH.
Ignore the trolls with zero life.
I agree it can only be good news Mongolia are suffering fuel shortages. But all this talk of locals having meetings to discuss things… what?! They have been instructed to get this done by central government as a matter of national importance, so get the F on with it. There is surely nothing more to discuss.
I haven't been aware before that Mongolia faces significant oil and fuel supply issues before Gary.
It's surely significant at all levels?
Day to day trying to run a car or heat your home.
At a regional level trying to decide what policies, restrictions or rationing measures are required to keep essential local infrastructure and services running.
And at a National Government level to decide how best to secure short term supplies and longer term solutions?
Perhaps the National and Local authorities might see the bigger picture and decide to co-operate for the best outcome for all concerned?
And if it's being discussed now you'd expect news to follow fairly soon there after.
If my local petro station had run out of petrol I'd want to know what was being done by those in a position of power to try to sort it out.
Wouldn't you?
Of course you would.
Pressure builds until something gives. Newtonian 'laws' applied to Mongolian Politcs?
It’s being discussed now WOS ?
Intelligent person think.
Hang on let me get my savings together sell my wife and accept a ridiculous offer on my house to pile into MATD …. Or is it the 255th time in the last 255 days that you’ve spouted this. I think you’ve been hacked … ring someone up in Africa and tell them someone has hacked you, and you want help clearing this character out of your system,,,, he’s deluded
Oh and what a surprise, keeping folk up to date with a negative post. Sad little narcissist
Researchandhold said //BP is like a stain on humanity//
You may recall it was WOS who started quoting British Bulls. I'm just keeping folks up to date.
Make your investment decisions on a 'signal' if you want, it's your money after all.
Do you keep your cash under the mattress?
Good rate of return is there?
Get in before the inevitable is my call!
Researchandhold said //BP is like a stain on humanity//
"The bears are in full control. The current price is quite distant from the confirmation level, so the probability of a bullish confirmation is very low. Besides, the signal is suggesting to STAY IN CASH."
Hmmm,
Here we go!
For all your faux outrage against WOS he's just pointed out that areas of Mongolia have already run out of some grades of fuel and that next week there'll be a widely publicised converence to interact with locals about the advantages of responsible mineral extraction
That's a '2' and '2' that think will add up to '4' (a 4 bagger at least)
I'm not sure what yours adds BP?
Play the ball or not at all?
//Researchandhold said //BP is like a stain on humanity////
Oh dear! Conflating current fuel supply problems with the prospects for PM in several years time really is clutching at straws.
By time of Dornod Mining / Oil Investment Conference whole of Mongolia will ONLY have 11 day of A1-92 fuel and about 13 day of diesel.
Dornod Governor, MMHI, MRPAM will all be present. You think Domestic production (Petro Matad) will be discuss at Mining / Oil Production conference in Dornod?
Nothing much happening? Lol
It is being discuss NOW intelligent person will think 🦉
Researchandhold said //BP is like a stain on humanity//
//BP
What a SLN you are!
( Sad Little Narcissts )//
I'd rather be what I am than what you are!
HOVD province first one to start run out of fuel - 9th Nov "There is a shortage of fuel in some areas of Hovd province, there is no A1-92 gasoline at most gas stations, and there are interuptions." - Source: montsame.mn
A1 - 92 only have 19 day of fuel left for whole country!
Nope! Nothing new here!!!
Hoping for satisfactory red dot!!!
Otherwise, PLAY NICELY, keep the BB free from a B.TCHFEST.
Price Rise when RNS come?
For me this is not big discussion because of timeframe for holding thru full ACCELERATED field development & PARALLEL est 3 BILLION bbl Toson Uul development.
BUT
Think mr Hamm say it right with ROLLING GOOD NEWSFLOW / RNSs - DQE, New Blocks, JVs, Renewable Updates, First Revenues etc
ALSO
Think LARGE BUYERS who look to PRODUCTION / REVENUE will move in to replace small holders. People talk about my triple digit target but just on know asset target is more then X10 current price.
Large holder will look at this more seriously then small holder and understand Petrovis will want ROI so dividend will be quicker then people think.
Just look at price move & low volume yesterday to maybe understand how UPTREND will be.
Make own decision but this post is logical view with no time waste of emotion / insult to other.
Be Wise & focus on Investment 🦉
Header say ALL!
- Dornod (Mining / Oil production) Investment Conference NEXT WEEK organize by Mining Ministry and held in Governor meeting hall with MMHI / MRPAM official there.
- Mongolia running out of fuel (A-80 gasoline will last 12 DAYS, A1-92 last 19 DAYS, A1-95 last 30 DAYS, Diesel Fuel last 21 DAYS) Source: MMHI
Special Permit final signature WILL get done and why local govt willing to bypass full process. Even if they did try to block they cannot by new Laws which mean imprisonment.
With FUEL CRISIS and Project of National Importance all can see WILL happen and think very soon now with situation & MMHI/MRPAM direct dealing with local council!
RNS red dot will be here very soon.
I agree Dozzawba.
Consensual agreement is the best option going forward.
It helps that they'll want the money, they might perceive Petro Matad to be a better option than Petro China and they might recognise that they and Mongolia need security of energy provision and there's an element of helping and supporting your country when it asks for it and needs it too?
Objectively it looks like this should happen for all the stated reasons.
But when all's said and done if it doesn't then Central Government might have a back up Plan B that simply involves imposition by rule of law?
They've changed the law to allow it to happen because they recognise that it needs to happen.
One way or another it'll happen in 2024?
IMO I believe everything is being geared up to us getting the sign off very soon. IMO I think we will get it this year, don't think we will be exploiting that oil until early next year though which would be frustrating.
Even though Central government has passed the LP, I still believe they don't want to overrule the locals. Ideally they want them on side hence the meeting arranged and set up by MMHI in Dornod province for Nov 16th/17th titled Responsible Mining and locals invited to have their day. Also at the same time Petro China have just been given a deadline of Dec 1st to clean up their act environment wise. Threaten of closing their business if not sorted. Another bit of news which I believe could be good for PM is that Dornod province now is responsible for their own budget, surely revenue from Heron oil should fall in their hands ? So another reason for us to get the LP finally signed off.
As said all in my own opinion, hopefully it comes to fruition. We have waited ruddy long enough.
Too true, too true and everyone should seriously consider their options, I know I will at anywhere between 10p and 20p.
Most here can probably look back with the benefit of hindsight and see where not continuing to hold might have been the right call in the longer run.
That said with Heron permissions falls and pull backs should on be temporary with shares changing hands to newer longer term holders with subsequent rises to be expected as milestones are reached.
Bottom line is if you're holding now and permissions are received for the Heron well makeover and Field development you'll do very well for yourself whatever time frame you have in mind.
The Million Dollar Question however is will it come, and when.
Local meeting
November 14 in the conference hall of the Eastern Polytechnic School
1. Land. 2. mining. 3. child protection. 4. Will citizens and enterprises actively participate in the open
discussion with the experts of provincial agencies in the field of environment and exchange their opinions? Contact number 88588950.
According to the request submitted by Sh. Ulambayar, a citizen of Kherlensum to the governor of the province, a meeting to provide information to the citizens, receive feedback and open discussion is planned to be held at the Eastern Polytechnic College on November 14, 2023, and the program has been approved.
Therefore, please deliver the announcement of the meeting to all members of the team in a timely and accessible manner, fully prepare the hall for the meeting, and organize it together.
Thornogson - I hope you’re right. But when you look around similar stocks, it’s chastening how often their SP doesn’t rerate like you might expect production might. I’m just guessing like the rest of us, but I wouldn’t be surprised to see MATD spike to say 10p, who knows, maybe even 20p on the hype, and then rapidly fall back. That’s when I think the big money could be made or lost.
BP
What a SLN you are!
( Sad Little Narcissts )