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Researchandhold said //BP is like a stain on humanity//
The final approval of the LP was anticipated by EVERYONE and has effectively been factored into the SP since last summer - hence no massive re-rate when it finally arrived. Now the rampers carry on kicking the can down the road - it will BOOM when - oil starts to flow/more drills are done/DQE &PC deals are finalised/revenue flow begins/renewables takes off - it's always jam tomorrow with this company.
This is a DTO/ driveless. However you can be a train attendant!
Don't miss the train. The ones on board, stay put.
Long and strong it goes.
Looks like the driver will be the update on drilling/DQE
Hamm I want to be the driver
IMO the news would'v been held back from us . The meeting took place two days before the news was released due the finding on Facebook.
I think friends didn't get a chance to buy before the forced RNS.
He did not even thank the shareholders for their patients.
Definitely being held but because we are so close to pumping oil the bigger fish want in (in my opinion). GLA
This is like a journey (like a bus or train) from point A to point Z. There are lots of stops (b,c d etc) on the way. At each stop some passengers get off some get on and some passengers stays to the end, however the train is moving forward.
The choice is yours, you may get off , get on or stays put till the end.
We are safe now and it would be a beautiful journey.
Up it goes again. Don't miss the train.
"I think they will push it to 4 then let it go"
they already pushed it to 4p in the bargain shake at the beginning of the day, noted that only a few single digit £'s fakes sold there, most just piled in.
DQE is expected to pay for all new wells..
No need for money as revenue will start in the next few months .
It has just come to light, that the step brother of the lady who cleans the governor's office is a direct decendant of Ghengis Khan and as a goodwill gesture to the Mongolia nation they will seek his approval of the Heron issue. Problem is, he has wandered into the mountains to try and get over the sudden death of his favourite yak Ysyiad. Apologies for the sarcastic message. This is becoming a farce.
This was 4.25 last month without the permit.
Aim market for you. Totally manipulated..
Do not sell as you are giving in to these mms..
No reason to expect any drop in the SP.
I think they will push it to 4 then let it go
Yes definitely jiggery poker going on here bustaerds
Mms are clearly tree shaking before the big rise..
This has to have 100% rise and should be at least 7p.
It was 9p two years back and was 7.2p last year.
Manipulation by mms
PM has 16 wells in total planned including heron in block 20.
The overlapping only affects 2 wells .
Don't know what the fuss is about.
14 wells will bring very generous revenue to PM..
For all new guys, here is a map of all the wells planned in block 20. Obtained from research on Facebook.
https://x.com/mastersriv/status/1796290913691689397?t=m0lHDUzs4cWN6xBbKISnmg&s=19
I 100% expect Large Funds / Institutions / Investment Groups to start entering positions in Petro Matad to replace small retail PI's - but Mr Doc's post yesterday is also worth to consider -
"Institutions might also want to see confirmation of oil production and potential numbers before piling in. IMO, that is when this could really fly, if the likes of Premier Milton put in a top up order of 50M shares!"
I think there is truth in this with MAJOR Fund entries with above but smaller positioning possibly before - price here move on pretty small volume anyway.
One IMPORTANT thing to consider with Institutional position taking - Many now want 'GREEN' Credential also.
I post this yesterday about Petro Matad Renewable sector - "The Asian Development Bank estimates Renewables rich Mongolia has the potential to generate 5,457 TerraWatts-hours of clean electricity via Wind and Solar"
"If Mongolia exports EVEN A TENTH of its Renewable potential, the implications for Chinese energy will be Immense.
MONGOLIAN GENERATED ENERGY COULD EVEN REPLACE RUSSIAN ENERGY EXPORTS TO CHINA" - (source: Lowy Institute).
We have DUAL Operations to attract Large Fund Buyers and not just fringe opportunities - Current discussion will open way for MASSIVE contract opportunities for China Energy Export.
Institutional Buying us not about IF but WHEN and HOW MUCH!
With main risk factor of Operation / Oil Production permission remove please let us make this BB one of SENSIBLE exchange of views / opinions now. This is very best Risk v Reward prospect anywhere on AIM market (imo) & deserve sensible discussion BB.
For all who want evidence base for strong cash position into 2025, Petrovis 'soft loan' back up, H1 Operations paid for etc - please click on username & check yesterday post at 14:51 (will protect from misleading comments).
All LTHs, New Holders like Mr Stas, Great researchers like Mr Master, Contrarian commentators like Mr Doc, Fellow Dividend PF builders like Mr Thornogson & Interested investors - Welcome & hope you find good Intel base BB here. 🙏
🦉
Can anyone recommend a good real time satelite app so we can keep an eye on heron?
Mr Dozzawba - Excellent & accurate post at 18:31. Maybe it will get deleted but does let people understand about 'misinformation' certain poster try to spread on BB - regular posters understand but new readers may not.
Reading comments - agree with lots of different points including some from mr Doc.
Differences - Timescales people have for major price growth & catalyst for this with RNSs leading to Operations ➡️ Oil Production OR actual oil production needed?
Agreement - Almost EVERYONE understand that we are looking at MAJOR UPWARD PRICE MOVE eventually which reflect massive opportunity here.
My position is longer term for Capital growth AND Dividend revenue so opportunity as holder is already taken & comfortable.
Header say ALL - Major Shareholder ROI, Fast Dividend revenue stream introduction (Petrovis will push on this), Share price appreciation - All is part of this.
Major company SHIFT has happened - some will understand & look at longer term investment positions / others will not yet - Company rapid growth / Shareholder value build up happen over coming months anyway.
Further Multiple RNSs over coming days.
🦉
"Doc, you could be right, but that last RNS is still pretty big news that’s been a long wait. "
Indeed it is. And one can't help but be slightly disappointed we are only back to where we were last month. But it is early days and it could well go on a good run up.
Don’t understand why people are still tying to this…
Doc, you could be right, but that last RNS is still pretty big news that’s been a long wait. I’m hoping the next couple of RNS’ will follow suit and won’t have to worry about the SP then
Hamm, are you back invested in MATD now?
And I thought you said there would be a “massive rerate” once LP was confirmed?
It is early days but I am surprised it hasn’t rerated a bit more. But I do think the market wants to see oil actually produced from Heron, as there have been so many false dawns. And institutions might also want to see confirmation of oil production and potential numbers before piling in. IMO, that is when this could really fly, if the likes of Premier Miton put in a top up order of 50m shares!
Just watched old interview from MB and he spoke very well. We are now at the stage he wanted to be a year ago. He said break even price was roughly $35 a barrel and at roughly $80 now he was said there is 200M barrels of resource and he said if you took a conservative figure of 30% that’s 60 million barrels recoverable. Do the maths on that and it’s a whopping figure!
What is The Stain even doing here . Why is it still hanging around when it said it would sell at 5p .
Give us all a break and s*d off ! You add nothing to the board !
Guys, the share is doing very well. There have been massive trades in the last 2 days and millions of buys gone through.
Lots of buys at 5p which makes it a great support for the next leap. It is just coming. No need to feed the nayers/trolls.
It has just been 2 days and lots is coming. Double digit is definitely on the card sooner than later.
Relax and enjoy. I believe 25p by Heron operation. Massive rerate. There are lots of guys will still here to get the maximum benefit of the valuation. Hope one of the guys with experience come up with a valuation figure please.
Tomorrow would be interesting.