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"Even if V1 hits oil it wouldn't make any difference as we can't extract it. Simple. "
I thought at one stage not so long ago we had $10m? $4m for V1 does not deplete the pot - there should be enough for a well head, and if not - well, finding oil in an area where it is stated there are no barriers for the block, should enable a loan easily enough.
Wos everytime you go shopping the share price explodes here, please do long and big shop today, and as always thank you for your posts
Mr Rich this was from Minstry Construction & Urban Development yesterday for submission to next Cabinet meeting which is tomorrow.
Mr Dockerman Heron land only one I come across for Special Certification in this timeframe of Cabinet signature & I do LOT of research on different Ministry / Regulator websites.
Mr Rich made point which I say before as well. Ministry feedback should be same & process could be started weeks before May 22 RNS on Minstry transfer.
When people talk 20p, 50o, 100p SP which LP can open up it make you understand why I only use LOGIC for investing & do NOT take chance of missing LP news.
I go shopping today. Let sp & BB do own thing. I am happy I hold my own share for news & this is enough.
Be happy :)
Add to that the ministry's will only be copy pasting how they filled out the last paper work and already have done their due diligence, so I don't think they would take long either
So wos you could be right this could be the LP meeting keep us updated, but I still believe JUNE is the month we get LP
Some are losing the plot suggest follow RNS lol
WOS " "along the direction of the oil pipeline" does this imply just for land issues relating to pipeline not necessarily "Heron"?
Hoping it relates to Heron but I been hoping for a while!
I think it will be issued not just sure when. As you say there is still plenty to good news flow in the up coming month/s....
GLA
Wouldn't be surprised if we got LP this week, like I said alot of people will be caught off guard here, thinking this is going to take the same time as last for paper work to be completed,
Land development most likely circulated 1/2 weeks prior RNS as that was only RNS due to velociraptor info,
Also thi could have been the 4th week for paper work circulated so this could be the cabinet submission and LP discussion,
Wos any othe cabinet meetings regarding oil or land issues this month ?
Post at 04:47 100% base on LOGIC v Emotional posting (use or do not up to you)
Header explain all and from mcud.gov.mn source that was share by better research one here
"The Government's resolution on a quiring the land "along the direction of the oil pipeline" for SPECIAL NEEDS was submitted to the Cabinet Ministers for discussion at the Cabinet Meeting"
This will be TOMORROW but with Ulaambatar +8hr ahead could mean many caught out.
Invest with LOGIC not Emotion & with good research not BB experts ;)
Investment case for Petro Matad development have NOT change & look like we get Cabinet submission tomorrow
Like I say But hold sell does not matter but maybe lot who call for sell are really one who BUY ;)
Think will be very good time for shareholder this week.
Successful investor say use LOGIC and not EMOTION to be successful in market. If nothing change then stick to investment.
Let us look at Developments
- Heron development & revenue (waiting on Special Certification but have been given Project of National Importance status).
- 2 Billion proven & in place Tosun Uul
- Block V (Exploratory but Basin with Proven petroleum system)
- DQE JV to fast track development (terms agree & final signing /RNS to confirm)
- Renewables (HUGE potential with China, Saudi Arabia, EU already show interest to invest / import energy)
- New Blocks (some bigger then Quatar with potential compare to Saudi Arabia).
- Petro Matad / Mongol Govt Partnership (IOM meeting with direct attending by MRPAM / MMHI / Petro Matad / Mongol Ambassador) - to be confirm by RNS
Strategy to finance massive company growth through production revenue / offtake & strategic partnerships already negotiated. Also talks on Govt level re: Renewable sector growth / investment / export.
People say about land access but this is ONLY reason anyone can BUY at this price. Anyone who do deep research / intel AND also know why previous delay will have TOTAL confidence in process now happening & expect Special Certification I next few week.
For me MAIN thing which guarantee investment base price & development is Heron asset we ALREADY have. Velocirapror can be "Company & Country making" but have always been extra because Heron give me security for multiple SP.
Anyone who think Special Certifucation is not coming for Heron have no understanding of Mongol Economy & international trade.
BB experts give price estimate but already have 28p Progressive target WITHOUT Velocirapror. This at $70 oil price & all estimate say will be much higher.
Some people say "company sponsor so not worth anything". Figures must still be base on logic foundation & cannot be made up from air. Trust professional report more then BB posters ;)
Many same BB poster are one collect same share they try to get more simple one to sell.
Look at price you understand why ;)
You can put any price on MATD when LP secured. 28p or 50p or£1.
At the moment there is no LP and we are approaching spud with £4 m lost regardless of the results.
Even if V1 hits oil it wouldn't make any difference as we can't extract it. Simple.
I am hoping MB makes as much delay as possible to start drilling V1 till we get LP secured.
WOS: “Progressive report say around 28p WITHOUT Velocirapror so even you don't agree with Progressive estimate think much better research then 1p ;) ”
WOS, I’ve told you this many times but you don’t seem to understand, so I’ll use your trick of using CAPS…
The Progressive report is COMPANY SPONSORED and therefore it’s NOT WORTH THE PAPER IT’S WRITTEN ON or at the very least should be TAKEN WITH A PINCH OF SALT.
Do you UNDERSTAND now?
Wow busy board today, shame once this goes blue most of the posters here vanish,
Nothing has changed LP update on last RNS, and velociraptor about to be drilled, wonder why some of these posters who are thinking the worst stil invested 😂
Strange
Poster Dick_Updabum is a new name to me here .. what pantomime we continue to have here!
He should see more and more posters now with pant down here as a great opportunity, Sir ? And if he predicts 15p too.. then posters with pant down should think long and hard, Sir?
Not bust.They have about $40m and are paying a special dividend.
1p s/p predictions here is pant down / pull out small number....
1p like 1 inch number..... 10p like 10 inch number ..etc .. Sir
Wise Owl predict 15p soon, Sir .. And he always keeps pant up to support his big number, Sir !
This is now sliding quicker than Wise Owls grammar.
There seems no end to it at the moment.
I’d be amazed if this isn’t closer to sub 4p than 4.5p by next Monday
Sometime the SP really confuses me. We have 2.5m more buys than sell but SP is down 9.4% unless there was some very late activity after the bell.
If you want an object lesson on how things can go for raw materials explorers (who found what they were looking for!) in these parts of the world maybe check the history of AMC. Huge find / 10 + bagger / now gone bust.
Its just on constant repeat with simply no insight or accountability...
Wise owl speak
Today 07.27
RE: Todays meeting
Think mr Bad prophet be first one run to BUY button this morning lol.
This is problem you have in this situation when news finally look like coming & you have been caught with pant down & no share ;)
Cabinet Meeting Wednesday
Ulaambatar +8hr ahead of GMT
Maybe people wake up & Buy back in tomorrow. You take chance to be out if you want up to you. Be happy :)
Not sure who make prediction of 1p mr Cashrule lol
In this situation better look at research note then BB poster who pull out number.
Progressive report say around 28p WITHOUT Velocirapror so even you don't agree with Progressive estimate think much better research then 1p ;)
Also this with LP and like poster say Mongol Govt will be mad to not grant this. Do not even think deramper believe this but just part of game they play on BB lol
Nothing change & expect LP very soon because MMHI was ready to submit before transfer to Ministry of Urban Development. Can see took few week for that process.
Do not think take long now but people can believe who they want. My holding here for full Energy company development. I have good idea how close Petro Matad work with Govt & IOM meeting should show this.
Be happy & well research :)
Master82: I guess b/p's point re "are you prepared to lose everything you have invested?" clearly goes in that direction.
Looks like b/p doesn't know how many years PM has been around and how many hurdles this company has had to take to get this far. Nobody needs to feel sorry for me. I pity all those who bad mouth this company just because their walnut sized brains (thx WOS!) are unable to grasp and understand that things in a young country as Mongolia don't always function as well as in other established countries with stock exchanges.
I really wish the posters on this BB could display more tolerance.
ATB
I agree100% if we dont get LP before spud/ RNS expect 1p or lower.
However seems some guys are ok with that!
Yes, we have been saying this since the turn of the year. If the LP hadn’t dropped before the Raptor spud then this would become more of gamble than investment. Think predictions back then were sub 1p should we strike dust on the raptor without the LP.
//As for placings - all scare mongering//?
Watch this space!