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No district level permission but STRAIGHT to Special Certifucation whuchvexpect any day now
Holder sleep happy but non holder sweat bucket of miss opportunity :)
Read header & check yourself. It say all. Last time breakout with no news but anticipation with this time MUCH more newsflow we can expect.
April RNS VERY different with Mining Ministry take DIRECT control from MRPAM and submit Docunentation for Special Certification
Think clever one (not sneaky) know this :)
February 2022: "Petro Matad is working at both central and local levels and recently made a presentation to the local authorities that administer the entirety of the Block XX Exploitation Area. The presentation was well received, which is a positive step forward in securing the permits required. We continue to push at the central, provincial, and district levels to secure the permits required for the next phase of our activities."
Reading some of the old RNS's, you'd swear they were new. Same old same old.
MB needs to be firm. I cannot believe we are putting more money into Mongolia with further drills when the Mongols have yet to give us the LP on Heron. The lost revenue because of it is staggering.
This time there will not be any hard break out unless we get some concrete news and nothing equivocal about it. The market will not take another come dance with me and i will promise the world line. So yes could have a breakout with news alternatively we could have a further fall in price. I am not sure was the market cap is for a company that has loads of oil and completely unable to access it. I would love to proved wrong with a humdinger of an RNS next week probably.
LP IS ON THE WAY. IN THE LAST RNS 3 TIMES WAS MENTIONED THAT LP IS JUST NEED TO BE SIGHNED .
HAVE FAITH. PAID DEREAMPERS IN FULL FORCE TODAY.
Talking of intellectual inadequacy, cabinet is being asked to issue a special purpose certificate not an LP :)
Does anyone know ALL topic cover in Cabinet Meeting today ;)
Be Happy :)
Usually on the 3rd of the month when the rns man is onsite;-)
I feel half Mongolian its been so long Thor!
People do not know if Special Certification sign today. Was 25 topics & only few get reported on.
Could be RNS tomorrow do not know.
Tomorrow or not one who already hold sleep well because CONFIDENT price will go back up through Q2 & news / breakout hapoen any time.
Happy & no sweat :)
See header & check chart for yourself.
Price rise fast from 3p to just past 6p. Then drop back to 5p.
Then HARD breakout
Check & will see :)
The time frame for LP is not known.
Accept it and deal with it or wring your hands whilst muttering 'We're doomed I tell ye!'
One is a pragmatic approach to the situation and investment/risk strategy and the other a demonstration of intellectual inadequacy and lack of a necessarily strong vertebral column?
So you say IF LP does not come AND Velocirapror is dry then SP go down to 2.5p sir.
What if LP RNS come in like Mining Minister himself promise and now Mining Ministry directly take control AND Velocirapror come in?
Think will be much bigger (MULTIPLE BIGGER) then 50% drop you say ;)
What if LP RNS come AND Velocirapror dry (but have fund for Velocirapror2) will be MULTIBAGGER still
Remember will be economical suicide for Mongol Givt to not give Special Certification & think we all know this. Also Docunentation does not go to all Ministry now for long wait.
Everyone decide for themself but no problem for WiseOwl to make wise decision with wise logic :)
@ Al-Investor, please see below your own post !
We should be zooming soon :D
RE: Trades22 Apr 2023 11:49
Rerate? On monday there will be no lp. Price will head back towards 5. And then later this week or next rns will come and we will zoom. Imo dyor
//Come June ...... Hopefully we'll have the Land Permit by the too//
When I said that I was called a deramper!
Seems the board today is a bit more willing to agree that the required certification "may" take a bit longer than some on here would allow us believe.
1 day before LP, .....
1 week before LP,....
1 MONTH before LP,...
LP before Velociraptor ....
LP this year ....
How much is mb paying some of you to ramp this stock
It's a low Market Cap oil exploration company with a run of cheap, highly prospective potentially company making oil drills on the 'Raptor Trend'.
Come June there'll be plenty of excitement and a rising SP.
Hopefully we'll have the Land Permit by then too and the SP will already be in double digits.
I'm holding on, buying on dips, and don't plan to sell any until the Velociraptor drills start when I'll reappraise the situation.
Of course if you think there are better investment opportunities out there you'd be better off invested there.
But would you mind telling me what they are, I'd be interested to know.
Many thanks
IMO This share is now reaching crunch time. IF we have not got a RNS this week it will be the kind of monthly round up one early in May and the SP is reacting accordingly and realizes there are only so many excuses or reasons you can give for no LP until such time as a lot of people will think there will be no LP.
I know what has been said and i know what has been promised since December at least (my memory is a bit hazy going back to last June or whatever. After a while you just know if you are being led a dance. At the moment i am still prepared to dance. But this maybe the last time as we soon become a binary share. Do we or don't we trust in Velociraptor. And that is and if that comes then if this Share reaches 7p we will be doing really well until TD is confirmed. I am beginning to that Velociraptor is going to be the catalyst. If we hit we get LP if we do not hit we will be left to die quietly in the grave yard of other Aims companies. Another RNS full of excuses will not cut the mustard on this BB and no matter how hard the Rampers work this share could fall back to its 2.5p placing price.
* from the
As Warren said:-
the stock market is a mechanism for transferring wealth freely m the impatient to the patient
What do they hold with there pant down?
Better hold MATD share sir & be happy :)
// posters with a negative outlook for this one. Fine not a problem.
Watch them disappear when there is an official announcement and are caught with their pants down.//
I think you'll find that even those with less than a rose-tinted view are still holders.
Header tell you Special Certifiation priority for Govt and also we discuss why did extend past Jan with parallel local govt agreement.
This was distraction & now full focus on Cabinet route. All pieces come together if people really open eye & not do sneaky posting for trading ;)
Construction start this Friday 28 April on crude oil pipeline in Dornod privince which contract agree on April 10
Cabinet meeting today and maybe they did sign Special Certifucation document today and RNS tomorrow. Do not know.
Other news on new oil block & Q2 Velocirapror momentum make me confident price breakout will come & will be a hard one.
When I expect 50-100p+ no problem with whatever I buy now
Happy to wait with confidence already have share :)
"Usually there's a drop before the rise. They need shares before they take it up.
Can't make profit otherwise."
Master, stop talking utter conkers. The SP will hopefully go up on positive LP news because there won't be any sellers, hence buyers will have to be willing to pay more, pushing the SP up. It's nothing to do with MM games.
It is very simply ANOTHER month is nearly gone, 1/3 of the year GONE, STILL no LP. And so the SP is drifting off. It's what happens. If you're confident LP is coming, great, it means you can buy more before the rise.
This board now is getting a lot more posters with a negative outlook for this one. Fine not a problem.
Watch them disappear when there is an official announcement and are caught with their pants down.
It has to be said you need proper steel ones and a bit of patience to ride this one.
Not all have this quality.
ATB