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Loads of posts on what will happen if no LP and no velociraptor
Can we also talk about what will happen on LP and velociraptor strikes, could this be 30/40/50p plus? How comes no one is talking about what the aim of the company is and the plans and possible share price?
Instead some people want to talk about possible doom lol, fine by me but also consider the other side atleast
Beware of the usual derampers here anyone negative towards a stock is not invested or is trying to get your shares cheaper it's as simple as that people, use your heads
Follow company news
Buy and hold for the LP atleast 200% rise here of not more
@iamrich
I do wonder sometimes if some of the derampers on here are working for a mm. Of course mms also trade their own accounts, as well as trying to accumulate the shares on their books to ' make a market ' at as low a price as possible.
This has been a brilliant share to trade for several years now. And psychologically an extremely difficult one to hold for LTHs.
Ramper rich ramping again.
"Buy and hold for the LP atleast 200% rise here of not more"
Is that a guarantee rich, maybe we can all sue you if it doesnt happen
This is going up from next week onwards..
LP news won't be far off . Two more weeks and we should see the LP.
Cabinet meetings are taking place at least 2/3 times a month.
Investor33 i have been thinking exactly the same ref people on here working for or alongside the MM's. Would make sense to me.
On another thought for everyone, ref Mike Buck. As much as i moan about his lack of communication and the sh*te worded PNS's he puts out, just look at his past history. When he says he is excited about Velociraptor, well he has overseen the discovery of over a billion barrels of oil in his other jobs. Tim Bushell who is also on the board has over seen the discovery of over 600 million barrels of oil. Okay this doesn't ensure V1 will be a hit, but it does give you confidence that these people know what the bloody hell they are doing and looking at. That's is MY thoughts anyway. Take what you want from it
Same old...
Iamrich:
RE: local meeting 2 Apr 2023 23:26
...the LP will come either this coming week or next, all is done, the fact they have gone to measure up the land being allocated means it's agreed simple you don't do thi unless you are awarding the land access,
LP 100% in April
Expect multibags, buy or lose out like this Muppet
Doz i keep saying MB is not the right man for PM. You need to be active businessman to make money not a sloth that just goes along when the Mongols take you on a ride.
We are in this position because of his stupid decision not to get permit from local government and then taking the governor to court.
Any one with a small knowledge would tell you paperwork must be signed by local council before doing any work.
Master82, i agree he hasn't handled the locals properly, but from another source he has also been held back by corruption, hence why the LP has gone back to Central Government and new legislation if anyone tries to stop the law being enacted they will be imprisoned. I don't think he is totally to blame. As i said previously i believe the change in the PSC's will now bring the locals onside
Doz. IMO the villain in all this is PC and some corrupt local politicians.
They only raised an issue when Heron was being drilled which is the same reservoir as PC s .
Pc knew that block 20 PSC will come to an end and they will take it over. They probably threw some money at locals to keep this dragging until the time lapses and then PC will takeover.
Its too late now to ponder over the whole situation . We are not far off this LP from the government.
WE WILL all hopefully make some great profit
Yes Master i agree ref PC, and alsoi believe local MP's with the governor and the Activist have been the problem, but as you say i think they are all now being overidden and will be dealt with accordingly if there are any other issues, hence why as you said previously PM have not been mentioned by the activists this year.
Anyway that should be behind us now and IMO we will get the LP before the V1 results - ATB
Dozzawba, the only problem is that the corruption appears to be political. It is difficult to know who exactly is behind this and what it will mean for the company and shareholders. It is not unknown for powerful Mongolians to wrest control of businesses from their rightful owners. If such a move is underway there are ways and means of dealing with such challenges. Regrettably I don’t see any evidence suggesting that this delay is being dealt with adequately.
The question is when MM gave MATD EL what they checked before granting the license and why do they need to review it again and again?!
That is what I am very skepticism about the whole process, however nobody benefits of MATD failure. If MATD gets the LP now then they have money to explore and invest more in Mongolia but the reason behind the delay isn't really clear and unfortunately MB hasn't been level with us. He doesn't even tell us the reason he was in IOM.
But then again MB has been in IOM with MM shows close relationship but why can't he get the LP sorted?
Hamm: All very interesting, but ultimately irrelevant questions. If you really want to get to the bottom of what is itching you, you'd be better off asking those questions elsewhere.
What you REALLY need to be interested in is the LP. This is the one thing that every investor is concerned about and (probably) everybody would like to have rather sooner than later.
So if you want to remain on the same page with all PM-investors and other posters on this BB then I recommend you focus on the LP.
It obvious, the oil refinery that the Indians have funded for over $1 Billiom dollars is delayed until 2025, was meant to be done for 2024. As Mong know the heron is guaranteed, they are kicking the can so they can refine there own oil when done.
If new drill hits oil and discovers, the LP will immediately be awarded as they know they have internal, in country supplies. If a duster, LP won't be granted until next year at the earliest.
ALOT riding on results in less than 30days.
Boom or bust time.
I heard we could be hitting oil at around 600m - if they announce anything at that stage i think this will fire up! and the deeper they go the better. Yesterday on twitter - stated they had drilled 100m......
They won't announce anything until drill completed and results are back, even if they hit anything they can't say what it is unless they test it,
Not sure about that - but we shall see!!!
Oil seeps….
Move onup my exact sentiments too. Said the very same last week or so
Moveonup is a very very well known deramper lol, lol LP coming very soon and will remind you about you one year time frame 😂
MON1
I agree with you and Dozzawba
Politics in Mongolia has in the past been attached to corruption.
Many licenses over the past two decades owned by foreign investors have been unlawfully stolen.
The key for Matad is ensuring both Nyambaatar and Oyun Erdene see this project as one future investors in Mongolia will look at and believe their own investments are de-risked adequately to pump money in to the country.
If this goes south many investors will look at Mongolia as a country still un-investable. Mongolia is only at the beginning again of attracting investment to the levels seen in 2011.
The recent SME, railway, coal and education loans scandals still indicate there is much work to do.
The British government should be being much stronger and at the slightest hint of corruption, holding the Mongolian government accountable.
Started drill on 13th June, drilling 50m's a day - 600m's will be hit around 25th June - lets hope there is a leak and a load of buys start coming in - here's hoping
Rich, can get sell quote test 500k with no problem.
There's enough oil in Heron to last for years and years.
It'll take several years to drill enough wells to fully exploit it.
The Mongolian Government will generate much needed income/Tax receipts from any oil produced.
They've nothing to gain by waiting for the refinery to be ready.
They've everything to gain by having the field producing at good rates in time for the refinery and any pipelines that are being constructed.