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No I don't think so Doc.
This is as low as it will go.
βEverything is pointing one way. β
Except for the SP. The offer now at 2.8p, as low as that has been for some time. If this does go into next year before we have our resolution, this will surely continue to drift slowly lower.
Soon means decades in Mongols dictionaries lol
Mongolia facing fuel crisis. The fools will never learn. Russia has shafted Mongolia by saying it won't effect Mongolia . clearly it has
FUEL WITHDRAWAL AND DISTRIBUTION IS ADVISED OF PROMPT PROBLEMS
On November 8, 2023, at 10:00 a.m., a consultation meeting was held at the Tolgoi station with the participation of the relevant parties on issues related to the withdrawal of gasoline wagons that have entered the border, the delivery of the cargo to the station, the placing on the side roads, customs clearance, and laboratory analysis. .
Officials from the Ulaanbaatar Railway, Customs Clearance Department and the Central Laboratory of the General Department of Customs participated in the meeting. They agreed to promptly withdraw 485 fuel wagons (29,100 tons) standing at the border, port, and station, and work together until the fuel supply is stabilized.
More news at https://www.mrpam.gov.mn/news/2670/
Well said Thornogson.
To all those on the sidelines, don't be caught with pants down!
Everything is pointing one way.
The only reason to doubt is the long and inglorious history that Petro Matad has in this area.
For many years this was down to their inability to find oil under the ground, but hey that's frontier oil exploration, high risk, high reward.
Then they 'found' oil that they knew was going to be there (clever chaps) and since then the problems have all been with the Mongolian authorities.
The Government has said they'll sort this and have done their bit.
Regional authorities, oil activists and the general population/herders less so.
Lack of oil, queueing for oil at the gas station and perhaps petro rationing along with potentially not being able to drive your car, heat your house or reliably expect your lights to come on when you flick the switch should focus peoples minds pretty sharpish?
This can only end one way for Petro Matad investors but feel free to join the train at a later date, none will be turned away, but you might have to pay more for your ticket.
As soon as the LP is signed off :)
Can anyone quantify 'soon' for us less able posters !!
She'll be coming round the mountain, when she come.
Quite soon I feel.
Yes and gasoline about to run out in Mongolia (05:40 post)!
They will sort something out for this am sure but Mongol Govt left in very vulnerable position from foreign oil dependence.
Light at end of tunnel coming fast I think ππ¦
Thank you WOS. I'm totally with you! MATD is about to come good. we are nearly there. I appreciate that this has taken a long time and many here have been invested for years. However, now is not the time to argue and moan. I can see light at the end of the tunnel.
Hmmmmm
And will BP take his own advice and STFU too .
Ps quite right Dozz
Mr Bad Prophet FOCUS on INVESTMENT!
Mr Wolverine lol
π¦
BP Why don't you STFU totally. You bring absolutely nothing to this board. Sad little narcissist.
WOS keep posting info you find, hold back on SP predictions, doesn't help though.
Header say all!
Focus on Investment and not on badprophet!!
Wise one focus on own research and not on BB gossip!!
bad prophet no invested. Single man living in apartment with no family and friend. All day sit on computer on BB irritating genuine investor!!
Focus! Focus! Focus!
I go shopping now with wifey!
Enjoy day and focus on own researched investments and not on go BB gossip!!
Wise one totally relaxed and focused!!
Researchandhold said // BP is like a stain on humanity , never mind this chat board!//
WOS - If/when the LP is signed off & the SP doesn't multi-bag into double figures will you STFU ?
Take this with other reference 2 week ago
"Special permit will be concluded" and now issues including "drilling deep wells RESOLVED".
π¦
YESTERDAY - Provincial Governor held meeting at capital Choilbalsan City administrative unit Kherlen Sum.
He give update on different projects including "DRILLING DEEP WELLS" which were "RESOLVED"
Does this refer directly to Petro Matad? Does not say BUT all pointing to issue sorting out.
Source: Dornod gov website
With company well funded, asset in place ready to move to production / revenue make OWN investment decision. Your money.
Focus on investment intel, own research & not BB gossipers π¦
Eastern Dornod Mining / Oil Conference NEXT WEEK with MMHI and local Governor.
Headline today from MMHI
"Nationwide as of Nov 7, 2023, A-80 gasoline will last for 15 DAYS"
"A1-92 gasoline will last for 22 DAYS"
"A1-95 gasoline will last for 33 DAYS"
"Diesel fuel will last for 24 DAYS"
Last week Mining Minister mr J Ganbaatar did say vital for Mongolia to be energy idependent because vulnerable to rely on foreign import with now Russia cut which cause above.
When people say Govt try to delay until refinery and all other thing research help a LOT to u derstand what REALLY happening.
Why you think Cabinet Land Access permission for Block XX under Project of National Importance??
Fuel shortage getting critical now & pressure will be on now from highest levelfor local govt signature.
Understand this or not no problem but have opinion base on research what really happening.
Header say all and say again - pattern prove again & again price go up hard every year move into this period.
Also we now have all Exploitation Licence, Cabinet Approval land access, "cash until AT LEAST July 2024", New Block win (RNS to confirm), DQE deal terms agreed for finalisation (RNS to confirm), Herder compensation agreed AND NOW JUST FINAL LOCAL SIGNATURE.
All can see MAIN & BIGGER problems sorted out & final RNS in process and can come ANY day.
What people think this will do for historic PRICE RISE at this time of year?
Wise ones focus on INVESTMENT π¦
I wish!!!
Thursday tomorrow and statistically the day most common for an RNS. We live in hope.
Cheer up badpro π€©π
Straight raise.
Soft loan (as before) from Petro Vis to keep the show on the road short term until news.
RNS confirming all necessary permissions and raise enough to develop the Heron Field at 10p or so.
Any of the above combined with DQE for cost sharing of the Heron Field development once permissions received.
Who knows, perhaps including Mr Buck himself.
Researchandhold said // BP is like a stain on humanity , never mind this chat board!//
//I'm interested in peoples views, will there be a placing soon//
I think people's view on this are quite well documented & in some cases diametrically opposite!