Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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What I really don't understand is what MG will achieve to hold MATD oil production?
I don't agree with 1 or 2 years delay oil production save more oil for the country. We have abundant of pil and we might find much more if we have money for more drilling and exploration!
While strong MATD would help Mongolia in energy self sufficiency.
Hope MB considering giving a deadline to MG and if MG misses then we take further legal action.
Hamm's 'Out' at the moment.
He'll change his 'mind' when he get's back in.
Unfortunately I think he'll be out of pocket like Prof.
Still his choices, his reward.
So I believe its a matter of when not if.
We've progressed. It's been glacial but nonetheless we've progressed. We found oil, we got granted an exploitation licence, we got granted a special purpose certification by central govt cabinet, we got vote in favour for land permit from soum, weve got Land Agency, MRPAM and Finance Dept support and now it seems we've had a breakthrough in comms with activists. In addition we've not run out of cash (and have a fall back). Glacial yes but progression yes.
Like Hamm I am not overly keen on renewables
I get your points Thor and what you have said would give me some reassurance.
But on the other hand we have been told time and again all we need is a signature to get going for the drilling to begin.
To many myself included begs the question if that is the case why 2025 before we see anything coming out of the ground. The question of dipping into borrowing from petrovis and others will also arise
Probably resolution #2 relate to PM. Will see.
Source: https://mass.mn/n/94275#top
B. JAVHLAN: TODAY THE GOVERNMENT HAS APPROVED A DECISION THAT HAS NOT EXISTED IN THE HISTORY OF THE GOVERNMENT
The regular meeting of the government was held today.
During the meeting:
1. "On some measures to implement the National Wealth Fund Law" draft of the Government Resolution*
2. "Procedures for selection of projects for land acquisition and use" "Amendments and amendments to the annex to the resolution"
3. Regarding the results of the session on strengthening the tripartite relations of labor and social partnership and improving the implementation of collective agreements and negotiations
4. Draft of the Government's Resolution on "Approving Comprehensive Measures of the Three Pillar Policy for Teachers".
5. Discussed 33 issues, including the draft law on support of information technology industry.
After the meeting, Minister of Finance B. Javhlan gave information.
Move forward 6 months Roxy.
Would you be happy with incremental 'we're nearly there' updates and all ready for 2025 if it came with clear demonstrable evidence that their renewable joint venture was clearly carving a niche for themselves in what might be a huge market?
I'd rather the oil in 24 clearly but it's not a bad backstop in a company capitalised at only £30m.
Several shots on goal this/next year and if one or both go in we'll be winners of the league!
Is it? We’re down from ~4p to ~3p since last week. Yes, I’m glad things seem to have stabilised, but the frustration from MB was very clear. The Mongolians at all levels it seems, other than maybe MRPAM, seem keen to frustrate the process.
The market is trusting Mr buck you are quite right.
The problem now for mr buck is how he can build up on that trust. If we produce the black stuff this year all will be forgiven.
I think that's where we are at the moment
The 'Market' appears to be trusting Mr Buck just fine Prof.
Enjoy your trading.
Dare I ask how the short is going?
Professional ; instead of wasting time every single day repeating the mantra ' there will be a raise soon ' how about spending that time focusing on timing your trades effectively ?
Like just recently when you went on and on about shorting when it reached 4.5p. Well, it reached 4.4p and then spiked down to 2.5p on the open straight after the RNS, so you could have shorted at 4.4p and then bought back at 2.5p, giving you a quick 40% profit on your short. And then, if you had read the market, you could have gone long straight away near 2.5p and be 20% + so far in profit on that trade as well. A good short term trader would know that when lots of shorts close their positions at the same time there will be a bounce to the upside as they all buy back to close their positions. Even before the pretty positive AGM update by MB emerged yesterday, that bounce was happening off the low of 2.5p on the open straight after the RNS.
Some people talk the talk and others walk the walk....
Yes, the fact is we are still waiting for 'the last signature ' whether we get it this year or not? Who knows!
There is no indication of time frame to get LP. That is why MB is looking into further action.
...but still no signature from you know who and no clear indication of exactly how/when this will be resolved.
Sorry to be a party-pooper, but this is the most important fact, as we won't be pumping oil without it.
Funding through 2025( not till to 2025)+ petrovis soft loan which hasn't been touched.
No more expenses for new blocks ( MATD has been very clear to MG that they are not singing the new blocks until land use is secured) till Heron land use is fixed.
Engaging with the activists is a very encouraging point.
Market reaction sounds ok and we get to 4p and above.
Mr Aeschylus
My Life is TYPO sir 🙄 lol! Understand Apoltical sir and good to hear from Mr Buck.
Did just make last top up as part of Accumulation.
No posting. I am investor & do not need to like some. - just sit on investment.
Best wishes sir
🦉
- Funding clear into 2025
- Petrovis drawdown on top of this
- Renewable high level debt borrowing available / project equity backup at SubSteppe corporate level
Hope that helps genuine investir & combat active 'dusinformation'.
🦉
Be fair Proff. WOSs post is a good and helpful summary of yesterday's meeting and not one of his normal type posts.
Only correction is perhaps his report on MBs comment about dealing with parliament in an apolitical way -Im not sure if WOS understood but "apolitical way"means a "NON political way"(not in "A political" way)i.i. we don't favour sides! but that could just be a typo?
Placing is stil coming imho.
I am now off by 1 day...Wos 500 days so give me a bit yes ...lol...
The market doesnot Trust MB anymore. Simple. Wether it is his fault or mongolia i do not know but reality is MB says more than hé achieves. But lets see.
For me remains a trading stock but not an investment.
Cheers off trading GCM again with my besty Wos. Made a lot of money because of him.
Same over there. Says one thing. Trades otherway...very succesfull
And NO placing and no IP addresses !!!
All i see is long text. Repeat repeat...
Lets look at the facts: no oil. No production. No signature after years...
Resulted in sp dilution and Sp decline year after year
Zzzzzz
The dividend owl - right on Que- no shame 🤣🤣🤣
Thanks WOS. The AGM has certainly helped to clear up many outstanding questions whilst outlining the complicated and weak machine bureaucracy that exists within the Mongolian Govt. This is the year of the Heron and oil will flow. Prof and BP have every right to express their own views on how the market will play out. They certainly bring along a high degree of amusement from their special qualities and ability to thinking outside of the box. Well to both of them.
Researchandhold said //BP is like a stain on humanity//
Has WOS been to English classes or is he just feeding us a pre-prepared (by someone else) text? PMSL
Header say ALL and this is where SP usually sit and BEFORE Newsflow for 2024 Operational Drilling Progress updates start.
One thing confirm for me yesterday is how much effort & brilliant strategy we have for Petro Matad to develop into Major Energy player in region with Oil & rapid growth / high margin / Easily funded Renewable arm.
Here is AGM audio link - listen yourself!
https://petromatadgroup.com/wp-content/uploads/2024/04/Petro-Matad-Limited-AGM-30.04.2024-09.00-BST.mp3
Mr Buck explain about Land access points, Funding secure & other logistic / development points.
Just some quick reference if helpful -
Renewable Funding - arnd 27 min & 48 min - Large Debt funding component more easily available (we see that in 90% debt funding for other BESS project) & maybe any remaining at SunSteppe Corporate level and not Petro Matad equity level.
- Mongolian Company (arnd 48 mins) - yes PM registered abroad but recognize as Mongolian Company with PSCs held in MONGOLIAN ENTITIES!
Also recent "positive interactions" with environmentalists - this is probably part of "addressing disinformation" for final Agreement signature we expect for Plan A & why they focus totally on Petro China only.
Dividends (2nd mention and 36 mins) - some people on BB laugh at this because PM do not produce yet (this is where OPPPRTUNITY is obviously) BUT Mr Buck understand this will be where Company go with production conditions of course.
Election (arnd 33 mins) - Petro Matad deal with Mongolian Agencies in 'A political' way and do not see issue with other political parties even though present Govt have big majority.
Petrovis - they help & involve on daily basis.
Funding - Cash secure into 2025 & also have unused Petrovis drawdown facility in place extra to this
This just CONFIRM my opinion of excellent investment prospect of Petro Matad & clever ones will see Price Growth opportunity BEFORE company transition to PRODUCER and massive growth / well funded sector of RENEWABLES.
Like some other intelligent investiors like Mr Thorngossin & others think this prove wisdom of ACCUMULATION STRATEGY and in face of whatever disinformation/ games some usual suspects play here.
I do my last (last) too up today & do not waste my time posting more because my holding timeframe is to see this thru to MAJOR growth coming.
No time for games many people have tried here & now glad to see have been exposed
Header say all and Mr Manx Kipper price projection in post 18:44 look accurate.
Good luck genuine holders - Petro Matad will be a Massive success story for investors going forward.
Wise Owl 🦉