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I go along with week commencing 12th and would be better all round as it gives that tiny bit longer for the LP to drop before we hit TD if of course it is done by then.
Such pressure on the MG is possible. But only with even stronger pressure on the parasitic BOD of the PM headed by MB. We can do it by stoping any further purchase of PM shares. After all it's us who have made them complete parasites living a luxurious life, despite the fact that the company and therefore they themselves do not earn a single penny in a decades. Parasitism of this management has been going on for five years already and during this time colossal money has been irretrievably lost not by them, but by us investors. And as long as LTH, as well as newcomers ready to invest, do not stop feeding these parasites and start boycotting them, nothing will change. Therefore, a complete stop buying shares is the only way that can force these crooks to start working and make a profit, instead of continue to parasitise at our expense.
So on a more positive note, we are at or around the Spud - long awaited.
So who thinks it’ll be this week w/c5th and who thinks the following w/c 12th.
My monies on w/c12th…….let’s hope we have many pauses in drilling during
Getting to target depth to access areas of interest (oil!)….
Iamrich: “LP chat, I think folks need to be realistic and realise that it will take time…”
And yet those folk who have been saying this might take a long time (I said September) have been shot down in flames by the likes of you!!
Hamm - seriously, you’ve got some nerve. A few of us have been saying the stuff you’ve been saying today and you were mocking them. You’re just a two-faces bipolar mess of a poster on here.
I have a feeling that next week is going to be a very interesting and exciting week. Hopefully it will be good for the share price.
Richard, thanks for your reply. Hope you are right.
Have a lovely evening guys
The only reason to drill to go ahead is because he confident LP will come.
Hamm, new goverment and new process, everything being done by the book, good thing actually, no need to panick dude just load up even more, matd going places this year, matd well know on aim market so expect this to go crazy when that LP lands, not long now, I expect this month, we are 3 weeks in to the re circulation of the documents atleast of not longer, with also goverment cabinet officers probably pushing them to get it done sooner as they've most likely been waiting on it too,
If it was completed by MMHI as stated in the last RNS then I would expect it should take less time now with ministries already know what to do and most likely a copy paste job now
In that case MB should delay the spud for another 2 months to make sure we don't end up with another raising.
Why is it so difficult to understand that if we don't get LP this year we will surely facing another placing. But if we save the money we have we would be safe. Why is it so much rush to go for a 20% spud chance while we have no income? Big mistake.
Someone is having a panic attack. Chill out everything fall in place.
Mongolia needs oil and PM has it . Its a slower process than we all anticipated but they will grant it and I doubt it'll be longer than 2 months.
What if we don't get LP for another year or 2? Wouldn't be better to stop all the drilling to save money till we get LP sorted? Rather than facing another placing? Wouldn't be better MG knows that MATD needs to get LP before any activities? This would put pressure on MG and we may use it as a leverage to get LP faster.
With all respect, I can't believe the argument that MG needs to review the license that they have already given.
MG has already given explotation license. That means from government point of view everything has been checked and it is ok. The next step was local permit which was refused. MG 'decided' to over rule the locals. Why do they need to review the license again? Ministry after ministry! Please explain. I must be missing sth. Why is it a problem to give MATD a temporary license? If it is supposed to be reviewed only? Unless it would be the possibility to be refused! MATD is missing valuable time considering Mongolia weather situation.
LP chat, I think folks need to be realistic and realise that it will take time and not except it within weeks as the process was restarted by the land development, what we can say is that it was restarted and should take less time this time round and we wer most likely in a week or two before we were told via RNS
So would think maybe end of June for LP and does it really matter if V1 is spudded before then, nope just an extra bonus if it comes through
And hopefully LP should land way before results
Patience people it's all happening and no one's out to get you, business can be messy sometimes but no one's doing anything to specifically con you,
Buck is not the terminator and just a normal guy who's trying to run a aim company ina difficult part of the world and can say he has alot more patience then all of us on here
And especially if we hit at Velociraptor then watch.
Yes, MB will get more shares upon first oil from Heron
The grant of options i believe was to the staff not MB that i am telling you will come later then you can moan.
What has been done in the last 4 years to be entitled for freebies? One thing, only one important job needed to be done , LP.
Hasn't got yet. It could have been T&C to get incentive shares and that should have been when LP secured. Till then I call it freebies. Please don't say lots have been done behind the scene! No need lots , just 1job for now and that is scouring LP.
However granting incentive shares could be a good sign that MB is confident and very sure he is getting LP in a week or 2.
// I think that 4.80 was a really good share price and I'm hoping it means no future placing below this.//
Really? I was thinking if V1 is a duster 2.5p (again) might be a big ask!
"freebies to staff" - I'm happy that they are rewarding the employees, it looks like there are less staff, either laid off or resigned, they were on less pay for a while so it's understandable that they need to be valued and motivated, they are probably picking up more workload too. I think that 4.80 was a really good share price and I'm hoping it means no future placing below this.
Lets get that mother of all RNS's soon 🥳
And also SirBob if V1 is a successful outcome if I remember rightly it was said that it'll take near 2 years to start any production from the raptor trend but the procedure for the EL should be a lot quicker with all the process already laid out, so it really does show the importance of the LP. As excited as I am about the V1 drill everything revolves around this elusive bloody LP. Yes without it we continue to just be an wildcat explorer. Hopefully 🤞 MB will drop the mother of all RNS's on us and turn it around. GLA
MB said that he was happy with the money MATD had and there would no reason for placing!
What did happen after that? He raised money not once but twice!
Did he lie?
He has been saying QDE, FARM OUT/FARM IN/ RENEWABLE CONTRACT/ADVANCE TALKING ETC ETC for the last .... years.
He never said placing and that was the only thing that has happened in the last 4 years. What was the last RNS?
Freebies to staff! Another $1 million from our pockets to their pockets.
Special Certification for land access POSSIBLE before Spud BUT think will be BETWEEN spud & result.
Spud in mid June then 30 Day drill & then some time to testing so look at maybe 6-7 week.
Special Certification very confident for RNS before this but like I say again Buy hold sell up to you ;)
If people say "I think LP come in Sept" then this is opinion & be happy to invest with this knowledge they have lol
Look like timeframe for MMHI to take control of permitting through Special Certification route was in weeks when they decide
Think is reasonable to expect no change in Ministry position & know change to Ministry if Urban Development must be so some weeks ago.
This tell me with logic will have Special Certifucation in weeks not months.
Think Sept logic is like someone say Mr Mike Buck lie about Mining Minister statement when all know he cannot make up something Mining Minister say if he did not say it.
BB logic usually with little research there to help people lose money I think lol
Buy sell or hold own decision & be happy with it :)
I am enjoying the sun today. wahoo. Rampers go and relax. No need to repeat the same conversations for the 100th time.
Doc, we don't know yet. Still time to get LP before spud date/start.
LP=20+p
No LP= placing soon.
MATD has no income. Any drilling/ renewable adventure/ freebies shares to lovely hard working staff/ travelling to IOM for fun costs! Kitty has limit.