The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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I don't disclose those kind of details.
What I can say is: I'm still in "the green".
"If you want to sink a well to find oil, sink it next to one that is already producing!".
If MB was clever he would've done that from day 1 in stead of wasting money on 4 wildcat wells.
The sooner he goes the better the Company will progress. 2023 was a year for MB to prove to the shareholders he is competent. He had no valid excuse.
Ojay, what is you average?
So the SP has lurched downwards following the awful interview last Thursday. This is not unexpected.
The piece of the interview that intrigues me is the part about the tenders for the new blocks which both border onto the PC blocks that are producing already. The throw away line was "If you want to sink a well to find oil, sink it next to one that is already producing!". Or words to that effect.
If I understood MB correctly, we have our final paper work submitted for one block and this is just awaiting approval and granting of the rights for the first block.
The second block submission has been made, no one else has submitted, so PM is to submit the necessary offer and then complete the final paperwork for this too, though this will take more time as it is at an earlier stage than the first block. But the sense is that it is almost a given that the prospecting oil and gas rights for both blocks will be won by PM.
My question to myself is why has no one else tendered?
Is this because this block also needs a SPL that has not been granted yet, but would be included in the SLP about to be issued?
If PC have not put in for the tender for the blocks next door to their existing fields, do they know something we don't?
This could be very cunning and clever or not!
Anyone have a view on this point?
But translating that potential to value for the investors has turned out to be a completely different story - for many years now. The potential remains - but also the obstacles.
I could kick myself (several times) for not selling @35/37p in February 2017!
But that's the way the cookie crumbles right? - c'est la vie!
I have no other choice than to hope for better times - and they don't look so bad.
I am holding on to my share holding hoping that those "better times " finally roll in.
ATB to all investors!
I think Mr WOS has good content..... and his repetition has its merits too.. and he generally makes a good Bull case here, in fairness..
One issue I do have though is that he is slow to address a fundamental question here.. which also would placate Mr Bad Prophet, as Mr WOS would have 'something new to say' too:
Why all this new Trouser(s) shopping Mr WOS, Sir....
BP do not feel threathen by it little sensitive person. Just FILTER 😏
WOS - stop repeating your drivel. it's boring. Post when you have something new to say.
ART123.
I guess he thought there wasn't actually any substantive price sensitive material there then?
Just a 'we're plodding along with the plan and it's all going OK' sort of update?
Some holders and traders are a bit impatient though?
Gosh. Who'd have thought it?
Mr Doc
Was getting Special Certification through Cabinet dealing with "formalities".
Now it is passed and just need signatures at local govt level with imprisonment for any obstruction you ask yourself if you think it will be delay?
If answer yes this is your opinion & invest like this.
If answer is no then same.
Very logical and no need for sneakiness with any agenda apart from applying own logic.
Be happy whatever you decide 🦉
Mr Bowley
You still have not explain why on 4th Juky you did say NO CABINET PERMISSION FOR SC until (at least) next Govt session in Oct 2023.
Then Cabinet did Approve it NEXT DAY - 5th July.
What happen to your Insider I do you was providing to BB? What does it say about your insider info? 😏
Also when you say insider info (maybe same insider lol) say "President spent all the refinery money" but Indian Minister visit a few week ago fully clear project with full audit & stage payments what does this say about your insider info?
Maybe poster you ask to be part of your group to feed intel to should think about this lol
Be happy & answer this points (if you can) 😏
Are these the same agencies and ministers that said 1-3 months back in October 2022? And the same MB that said we were fully funded and didn’t see a cash raise, then did one 6 weeks later?
WOS - be open and honest with yourself. And not sneaky.
Actually mr Velocoraptor make VERY good post at 09:48 but this does not fit trader agenda so they jump on him.
Maybe read (again) & think about it with clear mind.
Mr Buck clearly say MMHI, MRPAM & Land Agency want Heron onstream THIS YEAR and are pushing this
He also clearly say ALL PAPWRWORK sent out, background work done (Herder compensation etc) and only need signatures from local govt.
We also know new laws DO NOT ALLOW obstruction of Central Govt directive. Local Govt have been ordered by Cabinet & all procedure actioned.
Seperate interview Mr Buck say much better relations now with local govt and in principle do not oppose Petro Matad operations.
Look to me like all this factors point more toward settlement very soon & with EQUIPMENT /CONTRACTORS ready to go
Only hysteria coming from BB posters lol
Sometime MUCH EASIER to be investor with my investment timeframe (18-24month). Help me to see more clearly with hysterical crying lol 😂
Be happy & wise 🦉
Doc, they way I look at it is, yes Malone was involved as I was in email contact with him and Buck and PM's brokers.
Who knows if Malone being involved made a difference. With Bowleys contacts in Mongolia and him getting involved who knows if he will make any impact.
I will also email Fiona Blyth and copy in PM and the brokers again.
Thought process is the more people who are aware of potential corruption, the better for us. Let's get it out in the open. They are in desperate need of foreign investment, they will not want bad press as this could scupper everything for them. They have already invited the UK MP who was in Canada to the Mongolian mining conference in September. They have had a meeting with Buck and our representatives in IOM. They cannot afford to continually fk us about.
I will also be copying the UK MP into my email. I will also send a message to Ganbaatar the Mining minister
This needs to be bought out into the open. As I said the more people know there is less chance they will mess us about
Cannot understand the price over the last few days.Although the interview was low key everything is ready when all comes through and the current price does not reflect what it should be.I have already got the shares but am at a level that I cannot go above, but if I had spare resources I would top up at these prices which are so low
Thanks Horult. I saw that from the original testing but was unsure how that would translate when we went into commercial production where there can be multiple tap ins to the same well (pads , sidetracks etc...I am no oil expert, lol!)
I tried not to choke with laughter too much when Velocoraptor said the government has been supportive and given the special certification in a short time!!!
still what do you expect from somebody who names themselves after a failed spud and can't even get the spelling right
Sageman you need to look far far back to the october 2019 flow test result RNS as that's how long been waiting for this damned LP
peak flow 821bopd and a choked back average rate of 200 bopd with a well head flowing pressure of 250 psi
He never released the RNS regarding the land issue.
Should the FCA not get involved for miss information to shareholders.
I bet he's probably told lies about mpram minister giving 3 months for LP. .its almost a year.
I watched the podcast. I have trawled through the RNS's looking to see the expected BOPD from Heron and have drawn a blank.. Does anyone know? Thank you in advance
I expect it has been posted already, but I'll say it anyway that it is quite ridiculous for Mike Buck not to have issued an RNS simultaneously with the LSE Podcast. For goodness sake, there was extremely price-sensitive information given out in the podcast, as can be seen from the share price reaction from the moment the market opened after the release of the interview.
Not all MATD shareholders use this website. In fact, I expect the majority don't, including all of the Institutional Investors, and yet there is no other apparent reason for the fall in the share price apart from the info given out in the podcast. Anyone who doesn't have access to this website and the podcast would still not have a clue why the share price has fallen. I just feel that it is not a proper way of going on.
.. apols but I don't look in here as often as I should.. and seem to have missed whatever trail on Mr WOS progressing from much shoe shopping for Mrs WOS to much trousers shopping for himself.
He say(s) he do(es) much research here and is very comfortable with his holding here, so I don't think it's anything to do with br+cking it in back side of trouser(s).. therefore I ask Mr WOS directly if he do(es) too many visit(s) to without feather shows.. to pass the time across the many delays here....and so experience problem(s) with front of trouser(s) mishaps, Sir?
What utter drivel and no more needed to confirm you are a rebadged member of the ramping crew. Why should people sell at a loss and leave? Why cant a holder of even 1 share demand a reasonable plan of action and see a return for their investment. Its simply because you hardcore pushers do not want anybody rocking your little boat.
SP is moving like a drunk man had too many to drink.....
I have seen your type before we call them suckholes