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Anybody thinks that share price will go up without LP granted should think twice.
Wos, you are telling us MB hasn't been telling us the truth regarding IOM for a good reason?
We are only shareholders when raising money is involved?
Question.
Below is part of a group of correspondence with UK agencies regarding Petro Matad.
My question is a simple one. Have Petro Matad had contact or correspondence with either the Mongolian or Isle of Man regulators ??
I am being transparent by sharing concerns real long term holders have with an ongoing real understanding of Mongolia.
If we can establish the truth attached to the IOM issues we can move onto the real reason the LP has not been granted.
Good afternoon Richard
It was good seeing you yesterday.
I have today received a request from the isle of Man (IOM) FIU in relation to the intelligence which I passed to the re Petro Matad.
The IOM FIU are seeking permission to pass this intelligence over to the ‘Mongolia Financial Information Unit’ and ‘The Isle of Man Financial Services Authority’.
Are you happy for the IOM FIU to pass this information as requested and will any dissemination to the Mongolian FIU cause you any issues?
Of course as a person only concerned with the truth I agreed to the above.
Mr Master
Do not think anyone meant to find out about IOM meeting. Only did because if you excellent research sir.
This is mix belessing because force mr Mike Buck to release RNS lol
Think he have good reason not to give more information & all know MRPAM / MMHI not fly there specially from Mongolia for something small. Even Mongol Ambassador fly there.
All for PSC contract discussion? ;) lol
Think mr Mike Buck does not want to impact DQE deal or New Tender process with foreign investor because of Govt / Petro Matad partnership.
Some agreement can keep as secret with legal clause for person who say "must notify market because price sensitive"
I thinking we listen to BB logic we question thing but all know lot if this is with little research & selfish trading reason ;)
If we look at deep research / intel & intelligent logic we very sure of Petro Matad investment with it without V1 result.
Very confident in my holding & can see even deramper post start slow down now as more buy start to buy back in ;)
Oh Zellman!
Still trying?
Better than Hamm to be fair but hardly difficult?
Minimal downside from here, if any.
Upside on spud? I think so.
Upside with oil shows on drilling? Definitely.
Velociraptor strike? Boom city baby.
And Heron LP will come sooner or later.
Happy holding.
Article I see is about Budget review by Prime Minister.
Try look on Twitter @zasag.mn Will be too news piece.
Have confidence yiu have ability to find this sir ;)
Notpleb. Completely forgot about petro matad energy. He didn't mention that either.
I don't know what this new company will be part of.
I've got this gut feeling bigger things will happen after the LP is granted.
MB has probably put a big buy order at 4 p or below for the new Mongol investors.
The ministries don't need to be in IOM to discuss PSC.
MB come clean please we need to know exactly what's going on.
Been in PETRO MATaD for many years and this is just how it works with MATD........ BOOM!!!!! and BUST!!!!!
As long as there is some hope in the future then there is always hope for a new BOOM!!!!!
The thing is how low will it go ..I recon .024p back to last fund raise..
Anybody thinks that sport ministry should have a say too?
Since we are paying for Mongolian volleyball team?
Just incase if they have forgotten they may start reviewing now please!
Please can anybody check to see if our volleyball team is ok?
Any trophy?
Which bit are we supposed to look at? This article is about the railway and new sports ministers?
Got to admit it’s a blood bath since last news and not looking good everyone guessing and throwing around mad ideas.
The drop is concerning there is no strength in the share price now and holders need to get answers from MB and lack of progress
Master. Wondering if Petro Matad Energy will be like PM and be another subsidiary of Petrovis with own listing and board seeded with Petrovis senior management like PM
Mongolia.gov.mn/news/view/26702
Mr Master
I agree with you. Think mr Buck just look at end game in building Petro Matad into large multi factor Energy Company.
He is not good with PR & he should do this but at least all know from own research exciting thing happening for us.
Also say again new option rush out for reason so maybe people should think about this little bit more with so much news due ;)
I just read Prime Minister L. Oyun-Erdenr bill if amendments to Budget Law for 2023 which he present to parliament.
With all other I tel make you understand where Mongolia heading & why so good to have Petro Matad involve & close to Govt (also yesterday Russia /China / Mongolia trading bloc talks).
This give me heavy CONFIDENCE in my investment while other BB poster talk about my underwear or shopping which help them make investment decision ;)
Be happy & invest with correct Intel :)
If that was the case we should have seen lots of big buys with sudden share rise, but it wasn't.
Just look at the way he has put the IOM meeting in the RNS.
This is not the way someone would introduce that they had met with representatives from different ministries.
"The recent visit to UK with senior representatives of MMHI and MRPAM provided an excellent opportunity to further strengthen our relationships with both organisations and we were honoured to be joined by H.E. Ambassador B. Enkhsukh, Mongolia's ambassador to the UK, on the visit to the Company's corporate agents in the Isle of Man."
He's put it in the rns as if he didn't want to tell us and we have found out he is trying to justify the meeting with empty words.
Don't you think the meeting would be introduced differently .
We were very happy to join with representatives from different ministries at our head office in IOM.
Something just doesn't add up .
Price tanking on delay and that last RNS was nothing new to the market.
At best probably not much to say. It is all talks as always nothing more nothing less.
I don't know why MB is so secretive about information to the shareholders.
We did the research and find that 15 wells are planned for heron field. We still haven't been informed ..
We found out about the meeting in IOM . Still didn't clarify the full story.
We found out regarding the land issue back in 2019 on Facebook and we were still left in the dark for a while.
Nothing has been mentioned regarding DQE or PC facilities.
No mention of renewable strategy.
MB need to come open and speak up. Also be active in the operations and informing the shareholders .
WOS caught with Pants OFF and now needs to go shopping for more!!! ;-P
People (sneakies) ask "why WiseOwl go shopping & not post?"
This is sort of question which have importance for them with investment LOL
Understand please I have NO problem with price up or down. It make no difference to me.
Have GREAT CONFIDENCE for MY investment & MY price target & MY investment time hold
I hold for TRIPLE DIGIT SP & confident will get this.
Thuscwhy I can go shopping & let sillly BB logic discussion happen while company carry on with operations.
Be happy & well research :)
….. :-0
Alot going on,
MG with matd taken photos, joint company IOM
Employees given share options at higher price then today's
LP is of national importance so goverment is not messing with us or why make it this
Our own ambassadors at meetings regarding UK MG business and aware of LP situation
Velociraptor drill on time as planned
MG goverment planning to give us more licenses
So much to come here and the bounce back will be higher then some expect it, look at history
Some here are just trying their best to deramp and scare monger to trade it but up to them just don't get caught out when LP lands
Worst case I think LP will land end of month, but we need to follow the proper channels to make sure we don't have issue later on
All a learning curb for CEO and matd for future exploration in the country and MG
To be honest i was going to offload half at 7.5p which i still think i will . Then keep the rest Until PM is actually producing oil .
I would've have made good money at 7.5p.
@Master82
I tend to agree - I think it will bounce. The real question though is whether it will spike and then drop like a stone yet again for the umpteenth time. And that depends on the LP. So do you assume that the next one will be another spike and sell up at lest part of your holding, or gamble that the LP will soon be granted if it hasn't been already ? That's the dilemma. On the last spike I made the wrong decision - as did several others on here by the sounds of it.
I don't think we get any where while MB is mute.