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It's in the directors statement.
Renewable Energy Opportunities in Mongolia
"Petro Matad continued to explore opportunities in the renewable energy sector in Mongolia through 2022 following Board approval to do so in 2021. Work was done to investigate the technical and commercial drivers of solar, wind and battery storage opportunities and to evaluate local partners. As a result, a solid relationship was established with Sunsteppe Energy, an experienced and well connected local developer with a track record of bringing projects to construction ready status and finding investors for the construction phase. A joint venture has been established between Sunsteppe and Petro Matad and work is now moving forward at pace to generate a number of renewable energy opportunities that have the potential to add value and generate revenue in the near term."
Mojito, I don't think WOS quoted what was said in the RNS, he used his own words and his own view of what could be....
I think you know this too 🙂
@vikinglass, I’m using my eyes, and I don’t see it. Do you ?
@ Mojito - how about using your peanut 😌
@wos
"Now moving forward AT PACE to generate a number of renewable energy opportunities that have the potential to add VALUE and generate REVENUE in the NEAR TERM"
Wos can you point out where in the RNS the above paragraph is, I’m having trouble finding it. Thanks
Nice WOS... As RNS said looking forward to updating you on MULTIPLE workstreams..... EXCITING TIMES
"I very much look forward to updating you in the coming months with our progress on multiple workstreams that are now in play.
WOS - agree, I was thinking the same re trip to IoM and shares to employees, hopefully we are on to something bigger than we could have imagined 😍
Yes mr Researchand hold. Do not believe member of MRPAM & Mining Ministry fly out IN PERSON to Isle of Man and with Mongol Ambassador unless development was something big for Petro Matad & country.
"Joint Stock Company"? I understand if this is case why mr Buck cannot speak about this at this point. Also understand why stock option discuss now to employee.
Maybe people also think about this in yesterday RNS
"Now moving forward AT PACE to generate a number of renewable energy opportunities that have the potential to add VALUE and generate REVENUE in the NEAR TERM"
More newsflow & bottom line revenue then some people think.
Think lot of people who talk about this or that really talk about nothing ;)
Happy to hold while they do this. Company will grow with or without them :)
WOS - very interesting research
"Discussion if preparatory measures implemented in the framework of becoming an open joint - stock company"
A bit of a coincidence following the IoM meeting
WOS - +8 hours - does you "deep research" reveal anything about today's cabinet meeting?
Always shock me when see discussion on BB & think how this people real investors lol.
Mr Mike Buck get on with running company while BB experts give un-expert opinion.
After so much delay from COVID, law change & now progress direct to Ministry Control with submission expect "shortly" we get BB screaming lol
Think mr Buck have focus completely to move company to revenue generation. He does not care about how BB poster trading strategy get mess up for Velocirapror derisking.
If he say "submission shortly" after speaking direct to Ministers he does not care what BB poster say about "what is shortly & what does expect shortly mean" This is for BB gossip lol.
Like header say think so much derisking of Velociraptor happen already and why SP so discounted now. With target just Heron without Velocirapror 17p-27p and Special Certifucation submission expect "shortly" (est WITHIN next 3 week) can see upside which this unlock.
How long before recent 7p smashed with RNS. Couple minute maybe & constant auction to get share?
This whuvserios investor stay focus on progress to end point Special Certifucation Cabinet submission expect now.
NOT BB GOSSIP ;)
Also I see this today with more then 30 topic discuss in Cabinet. "Discussion if preparatory measures implemented in the framework of becoming an open joint - stock company"
Could this be to do with any partnership which maybe happen between GoM & Petro Matad at recent IOM meeting with important people in person there?
I do not know have no other information but confident high level meeting was about partnership to bring Petro Matad into big role in Oil/ Energy sector.
Maybe all ones who spend all day GOSSIPING can make change and do proper research to explore this ;)
Be Happy & Investment Focus :)
Is V1 much closer to the refinery than Heron? If so and IF V1 yields recoverable oil it would make sense to run the pipeline there & export Heron oil which is nearer to China. Anyway I agree (and have been repeatedly shot down for saying so) that MG will not be keen to export Heron oil if that is all they have in the short to medium term. No oil export, no revenue for PM, cash raise coming.
Sirbob and this is my opinion I think the original posts to cabinet have changed and now MG are safeguarding the oil so when they need the oil for the refinery it's there. Have thought it all along, but PM will and the MG will make.revenue in between
Imagine you were in charge and you proper pushed the MG or threatened them, we would have lost the whole license by now,
Buck is the CEO for a reason and his doing his job fine, his been diplomatic applied patience and his getting the ship to its destination,
Most of you lot running matd in your wishfull world would have been kicked out long time ago
You lot crack me up
I also agree with you Manro…
It’s becoming obvious as each day goes by, that MB appears to lack any leadership skills and any key competencies.
How has he managed to let things drag this far - and still no benefits to be shown.
It simply beggars belief.
The fact about LP is only one. We haven't got it - - yet. No one has said yes, no one has said no - ... IMHO Someone must have interest in keeping this situation unsolved and work to stall any clear yes/no answer be delayed... Obviously the MATD Ceo and his close collaborators would never name names or reasons as all hell might get loose... Maybe a surprising truth might be revealed at 'fait accompli'
Iamrich, wouldn't it be better to learn to think and find answers to your inadequate questions than to laugh constantly? If you are not capable to think then try remember the simple truth - constant laughter and clowning often leads to disastrous results.
The rampers still banging on about the word “shortly” in the RNS. But forgetting that it also says they “expect” it shortly. I’m sure they “expected” the LP issue would have been sorted out many months ago!
The fact is, June has 8 market days left and will likely come and go… half of 2023, gone! Quite incredible how this continues to drag on and on. And on.
Is there not a chance this could go to cabinet and a land permit is issued with a condition that oil is not exported, given currently they need oil for their refinery when ready?
So manro you will be waiting to have the last laugh when the LP doesn't happen and Mongolia takes it away 😂 seriously dude are you for real 🤣🤣🤣
All idiots have one thing in common - they laugh even when it's not funny at all!
Besides, we'll see who has the last laugh!
I tell you one thing when the SPC arrives no one is going to accuse the MG off rushing things that is for sure.
Read rns and follow what the company says, if there's delays there's delays
Wait or quit
Simple really
No need to go into conspiracy theories and own assumptions and make up how things should be in your world 😂
You guys just make me laugh 😂 how are you lot surviving in the real world
//The main functions of any ministry are precisely to express their point of view on the most important issues and present it to the Cabinet of Ministers, and not to other ministers for comments//
Let's hope they don’t decide its procedurally incorrect and have to do it a third time then!!!!