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SirBob: What do you know? I would call your statements to be unfounded accusations. In addition, I don't get this "refinery stalling argument" - it simply makes no business sense (we've been hearing it for many months now).
Thx for your contributions - even if I don't always agree.
@CW how’s your dog training going ?
If all good news lands this will be 20p + imo
I would be the first to winge if i didn't see progress made. I've got big amounts invested.
I've been following it very closely and clearly lot more is happened this year.
Like i said before MB needs to do a better job at communicating with the shareholders.
He could've posted about the meeting in IOM.
If LP RNS lands with all the other news then exoect this to rocket past 15p on the day mofos !
Doc, that is just your interpretation. I am very positive that LP will be granted soon an I hope next week. It might just drop tomorrow. The like of you who sold earlier will be left behind for ever. When LP drops fences sitters will not be able to catch up and get any shares with this ridiculous price. We all know how fast the share price will move. That us what happened when it was 3p and in a matter of short time got to 35p.
It was all to do with the law that Mongolia has.
They are changing laws to better their economy.
Plus we had covid which took 2 years out of the process.
Also Mongolia hasn't awarded exploitation licence for decades,which took some time too.
I think 2023 will definitely be a year for PM.
If I was GoM (perish the thought) I would want to know there is deffo oil from Velociraptor etc. before selling off the proven Heron oil.
Master the Mongolians have dragged there feet hugely on this licence, they want to ensure they have oil for the refinery they are building , they’ll look pretty stupid if they have no oil to put in it.
We could soon find ourselves in a position of awaiting an Lp and an exploitation licence…how ridiculous would that be…...interesting how fast track building of the pipeline has been compared to our licence! To pretend there has not been any stalling on our licence is just as stupid a comment .
Anyway tomorrow's RNS will clear up all the doubt, suspicion & confusion won't it? Sunny uplands await.
Bit of barrel bottom scraping there master?
You clearly don't have a business mindset..
Its like saying why franchise McDonald's , subway, kfc when they can just do it themselves.
I've previously despaired at the actions of the Mongolian Government RE Heron Permitting and the time that it's all taken.
To be fair though it wasn't actually within their gift to grant the Land Permit this being done locally which took us all a while to realise.
You've only got to follow a few UK based oil 'producers' to know how local planning can be quite an obstacle even when all the necessary hoops have been jumped through and paperwork completed.
It's ultimately a 'NIMBY' issue.
It's to the Mongolian Government's credit that they see that in the National interest this state of affairs can't be allowed to continue and they've decided to change the rules to allow this to be sorted.
Joint ventures between the Mongolian Government and Petro Matad can only point to a very close working relationship between the two parties and doesn't suggest to me that anything is going to derail the successful permitting of the Heron well in due course.
Tomorrow? Perhaps, but if not soon.
And Raptor drill in June.
And they appear to be pushing on with their Green Energy plans too.
So much to look forward to in the very near future.
"One reason might be that GoM want to reserve the oil for their own use. Happy to let PIs continue funding PM operations."😂😂😂😂
What an interesting answer. Why doesn't the government start doing its own exploration and cancel all mining contracts in Mongolia.
If you had a brain you'll be dangerous Bad prophet
//No one is giving good reasons why LP won't be granted//
One reason might be that GoM want to reserve the oil for their own use. Happy to let PIs continue funding PM operations.
Well I am sure there will be one somewhere ;-) gla
I'd have to agree with Greenbacks.
Having a "cast iron agreement" as BP mentioned earlier isn't going to do you any good as we all know by now.
Master82 is right:
- Some people on here will never change
- No one is giving good reasons why LP won't be granted
- Local government doesn't have a VETO (against the LP)
ATB
Some people on here will never change.
If LP is granted then they move on to when oil coming then oil flow rate .
Best to do your own research and make your mind up before investing.
These guys have been negative since 2p and now its 6p
No one is giving a good reasons why LP won't be granted
Please Note: BP the destructive non investor 'Poster', Please go away"!.
Hello, everyone..... what ever your thinking"?..... just remember the following:
1. MG is in effort to build on the credibility of forign sentiment to invest in Mongolia"!.
2. MG refinery is set for operations in 2025.
So MB and MG are not going to "screw any investors out of there positions", Very simple,.... rather the MG is doing everything to bring it's goal forward", that is to make Mongolia a very attractive investment opertunity for mineral reasurch with "Forign companies" and forign investors.
the water in the pot" is starting to get hotter", i can see the bubbles in the water"!..... soon the water will starts to boil"... and our SP" ... is going to go -up"!.... more than all of us could have ever expected"
Happy Day all"..
We all know that LP is delayed due to the local government issue.
Other provinces are lot more friendly to exploration companies.
MB said the local government doesn't have a VETO .
Remember when heron was stopped by the local governors they had to let the drill complete by the order of Mpram .
Point is LP will be given and theres is nothing the local government acan do about it.
Just like how it rolls in the UK. If planning application is rejected unfairly you can take it to government level and usually whatever the main government says goes.
The paperwork just need signing of so can't see it taking long now
Greenbacks - you are my only filter at the moment so whatever you post I don't see. Be happy.
Hello, everyone..... what ever your thinking"?..... just remember the following:
1. MG is in effort to build on the credibility of forign sentiment to invest in Mongolia"!.
2. MG refinery is set for operations in 2025.
So MB and MG are not going to "screw any investors out of there positions", Very simple,.... rather the MG is doing everything to bring it's goal forward", that is to make Mongolia a very attractive investment opertunity for mineral reasurch with "Forign companies" and forign investors.
the water in the pot" is starting to get hotter", i can see the bubbles in the water"!..... soon the water will starts to boil"... and our SP" ... is going to go -up"!.... more than all of us could have ever expected"
Happy Day all"..
What idiot would spend time & considerable amounts of investors' cash prospecting for oil if the powers that be can turn round & say "Thanks for that but you can't extract it!"
BP: "You are an idiot", grab your helmut and find another ownership board to 'Vent your Mental dissability" we dont need it here.
For all other responsible owners of our MATD'r .... "Please keep the positive sentiment coming',
Happy Day"
Which is what Mike Buck shoulda done BTW!