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WOS, wish you could have answered the question!
Anybody? Any ideas please?
TIA,
Have lovely afternoon/ evening guys,
So WOS - when do you think the first sales of Heron oil will be & how much revenue do you think it will generate in 2023? (Be honest!)
Only Special Certifucation needed for workover / production from Heron to begin = REVENUE.
Why Ministry change?
Maybe to prevent conflict of interest with any IOM partnership between Petro Matad / Mongol Govt?. Maybe Ministry of Urban Development want credit for SC on Project of National Importance? Who know?
This does not affect my investment in ANY way. Other factor much more important for ME.
Do not know when this transfer did happen so could have been done week ago. Do I think Special Certifucation permission come very soon? YES!
Think you right about lot of money for derisking did derisk & new money that come in will make rise into V1 operation more strong.
Rest let everyone decide & buy or not. Trust Mongol Govt or not. Think mr Mike Buck have made brilliant strategy to expand company or not?
My research tell me in very clear way for my own investment so happy with this :)
Huge month for Matd, who knows what will happen.
But now rational posters and rampers are now also more rational.
BOOOOOM for rational board and rational takes.
WOS, MATD had exploration as well as explotation license from MG. However MATD needs local permit which has been refused. If LP was granted by local council then there were no need extral reviews from any ministry. What has changed that if MG wanted to give Special permit we need so many ministries reviews? Doesn't make sense!
If MG needed reviews why did they have already granted explotation license?
MATD isn't the first oil company found oil. Petro china already had the license and already do the explotation.
There are lots of Special licenses granted by MG not for oil but for mining which means it isn't sth that is very new to them!
However I can't believe that MG refuse LP. What would be their excuse?
Since millions of shares traded recently I guess lots of guys here must have been de risked and sold and lots have bought. If that is the case the share price would go back up. It also depends on other news in the next week or so.
Petro Matad growth strategy will be master stroke (imo). Put together the pieces
Source: 27th May 2023 Montsane.mn
"On May 26, Minister of Foreign Affairs met with His Highness Prince Turk Bin Muhammad Bin Fahd Al-Saud, Minister of State of Kingdom of Saudi Arabia"
"His Highness emphasized that he will further expand & develop in all possible fields, including in the field of ENVIRONMENT & GREEN DEVELOPMENT"
Mongolia have one of global biggest Renewable potential and already China have promised direct investment for this. Same with Macron visit last week & Saudi Arabia now for infrastructure investment potential.
Petro Matad position perfectly for major growth into multi factor Energy company & with full supportive Govt.
This where all the piece & intelligent investment logic come in. Maybe explain why I (and other) build up while some spend day to talk about emotional thing ;)
Badprophet,
My answer to your question is YES. I will continue to believe not in the company, but in the fact that there is a big oil in Mongolia which can be discovered, but only by a really team of high professionals - explorers and managers pursuing their business goals. Not how rob the main partners entrusted them their hard-earned money. Therefore, the first thing in any business is the goal, then the choice of a partner you trust. If they are honest, then failure and loss of money, although it brings grief, but not that anger or a feeling of disgust when it becomes clear that under the guise of a conscientious leader and his team there are the thieves and scoundrels were hiding.
This is why posters here who talk about past, past need to be CURRENT or they will miss Mongolia economic growth rocket ;)
Date: 27/05/2023 at opening ceremony of construction work for Shiveehuren Port (Mongolia) to Sehe Port (China) - Source: Montsame.mn
I see where confusion is mr Ibiza and will take responsibility for this. Cannot put all of speech so just put small part but ALL very positive but see yourself.
Prime Minister did refer to New Revival Policy' introduction in Dec 2021 and to show how this does translate to practical development TODAY.
Speech was today and he also say "In the future there is a need for the Govt, Private Sector and Investors to further deepen their trust, strengthen their understanding, to be careful not to loose development time in empty politics and work harder & harder to compete with every hour and minute"
This Government is VERY SERIOUS about building ECONOMY and to attract foreign investment. This is why they pass new laws and kick local Govt to the side with Special Certification process for Heron.
Some investor I see take eye away from real focus and start to talk of thing like "let us sue Govt". I wait for them to hire lawyer (lol).
From my research am VERY positive of Petro Matad growth in new pro-business Mongolia & what I think will be massive news of Petro Matad / Mongol Govt Partnership.
WOS Prime Minister to day this was news 2 years ago so why say it was today it was not. Please it maybe relevant but lets at least get the day right.
Think talk of mr Mike Buck to resign is not focus for serious investor just few week before big V1 start LOL
If that was to happen BP my question would be would we have to start the process from the beginning again with a new CEO at the helm? When I 1st bought into Matad it was the prospect of V1 which I'm still very excited about and the multi million barrels of oil potential but this LP debacle continues. What a hindrance it is being, so hopefully MB will still be around to bring this company to fruition. Frustrating as it is with one delay after another only time will tell. Enjoy the bank holiday weekend people and GLA
How many of the big investors here are invested in Mike Buck rather than MATD? If Buck WERE to resign or drop out for some reason (health issues maybe?) would they still have confidence in MATD?
Prime Minister Oyun-Erdene today
"The New Revival Policy' was approved by the National Assembly on December 20, 2021...to increase our Economic growth by 8-10 percent every year, to increase our Economic turnover from 50 trillion to 100 trillion (assume MNT), to increase GDP per capita to 10,000 dollars, to form a corruptuon-free government and to make absolute changes in the quality of life if our people"
Think when you look at multiple intel source every day you have better understanding what happening in Mongolia.
This is why am so positive about Petro Matad operation in country & partnership which go forward with Govt.
Massive thing happening for company which think lot if BB experts have no clue lol
Invest or not on own feeling but I invest on own RESEARCH ;)
Now we get back to REAL world investing & company analysis ;)
There is some truth in what Manro says, not necessarily with Matd specifically, but an overall AIM risk…..Yourgene was a share I’d been in and out of for years, always seemed to behave fairly well as a board, until earlier this year when the share was 4p and they issued £10m of shares at 0.1p to major shareholders and board members and my £4K became £400 over night……..and many do constantly just raise…..like Angus whose shares in issue is so huge I can hardly even say the number.
In Matd case I’m more worried about Mongolian govt than Buck.
I thought earlier this year his white lie about 1-3 months till permit was superb way of not raising at 1p or lower.
I don’t think we’ll see an LP this side of drill, but may see a rise up to or after Spud, which from RNS is next scheduled RNS, so probably around two weeks away.
GL all…..trade carefully and be aware of what Manros warning, but don’t let it spook you to much, at the end of the day life’s a risk in itself!
In fact I can guarantee it will be the same on Monday as it’s bank holiday and the markets are closed but Tuesday might be a different story!
I think it'll stay exactly the same on Monday.
Look like price ready to turn now & start push back up into V1 operations
Have good weekend :)
Master82,
Your trouble, like all other people who haven't lost ability to think critically, but remain honest, is that they think the way they would behave if they were in the place of these swindlers. Completely losing sight of the fact that the crooks had a completely different task from the very beginning, namely to rob investors for as long and as much as possible. And honest people very often simply fail to understand this twisted psychology of thieves and swindlers. Therefore, be prepared for the fact that there may not be any LP for a very long time or the Raptor will be empty. And the time when LP will be granted the share price will drop to 1p. In the interim of all this, the MB will calmly resign with the stolen from us money. And the reason of his resignation will be announced that he is "pursuing a different goal" or decided to retire. Do you think I'm fantasising? If so, look what happened to the Beowulf (BEM), but please don't fall into a shock
The other reason is you can get info from locals of what's going on. Once heron field is online and if MB is not updating us on twitter then I am willing to employ someone at local level to do all the checking up and send pictures back of the progress
Manro we will see how this unfolds . I'm well invested and expect good returns.
I was in very good profit at 7 but still kept hold because i know it should be heading towards 10p.
Sp went to 9p before the raise without EL and no drill in block 5..
Current value should be 7p without block 5.
Once LP is granted it should be over 10p.
My target was 7.5p but i think 9p is my new target.
Manro: You remain to be a basket case. I pity you - please leave this BB alone.
There still is a slim chance this coud go blue today hopefully