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The markets across the board are down today, so not surprising to see some price slippages across almost all stocks.
I doubt that will have any impact on the overall uptrend for the MATD share price.
Apart from the multiple imminant Newsflow & Operational rollout due, we have a potent macro economic landscape which should greatly favour Petro Matad and its shareholders.
Renewables - Mara K Warwick (World Bank Country Director for China, S Korea & Mongolia) meeting at the State Great Khural in Uluumbaatar
"I am pleased to announce that the World Bank will launch programs in 2023 to strengthen good governance, encourage the use of RENEWABLE ENERGY and tackle climate change issues".
'The World Bank is paying particular attention to small & medium sized enterprises....emphasising laws & regulations passed by the State Great Khural correlating with the World Bank reports & recommendations, commending Mongolia re: legal reforms' (to enable said business activity) (paraphrased from the longer statement). Source: montsame.mn/en/read/309886
That feeds into the current Petro Matad initiative in that sector and current 'Advanced stage' talks with established potential partners in the space.
Regarding fuel, "the decrease in diesel fuel imported from Russia poses a potential fuel shortage" with supplies currently imported from China & Russia. Source: montsame.mn/en/read/309793
The dependency on foreign fuel is an obvious burden for the country and hence the Govt prioritising local production, leading into MATD's operational privatisation and Mining Minister's statement re: imminant Special DesignationLP issuance.
This us all against a backdrop of a dire economic situation for Mongolia, as reflected in the State Budget.
MATD are very well positioned with justifiable confidence for a major Re-rate immanantly due and off multiple near term news releases.
Research the points independently, which should clarify the excellent position Petro Matad are now in.
Regards
State Budget source link
montsame.mn/en/read/308135
The meeting with the World Bank Country Director took earlier today
Sweet!
I don't think we should expect any dividends from production as revenues will be used for expansion.
Mike Buck will be looking to grow Petro Matad into a mid tier O&G outfit.
However, on the flip side Petrovis, the largest shareholder, will be looking for an eventual return on investment
Fortunately the company have a well defined, accelerated growth strategy working with interested potential partners, so a couple of years down the line is feasible imo but lets see.
Lets get production up and running to fund expansion first, which should see a major appreciation in mkt cap.
We can then look at what will likely be a huge eventual yield compared to the current share price and for those of us holding stock at that time.
Regards.
PV do you get paid per post or are you on a fixed price contract?
I often wonder the same thing about you badprofit......... why would anyone listen to what you think of this share, when you are so bad at investing, that you sold at a loss, just before the rise.
Maybe stop being bitter, accept your losses and move on
By and large Positive Vibes is right. This is not going to be share that one would tend to keep in the Portfolio. This is one (hopefully) where you work out what profit you want and take that price maybe a bit more just to be certain. One may just leave a few shares in to see how far it runs. Personally i am going to see what the market response is the price i need. If i can sell my entire holding one go then it means there is still mileage in the market estimation of the SP but if the market will only let me sell piecemeal then i may well off load the lot but will either be in a certain time frame or price frame. Dividends no, Return on Price increase yes definitely. But first of all let us get the news although must admit i have also been dreaming ahead.
// why would anyone listen to what you think of this share,//
Am I bovvered!
(PS - filter IS available)
Correct Badprophet why don't you filter PV then
//Correct Badprophet why don't you filter PV then//
I like to consider all views however erroneously derived (and for whatever motives).
Well then: Keep "considering all views" - and one day we hope to hear some kind of positive results from your considerations.
You obviously dont like to consider all views, as anyone who doesnt agree 100% with you, you just shoot down and call a paid ramper or foolish
I will - and if you think that anyone's comments on here produce any kind of "results" in terms of the success or failure of PM then you are seriously deluded.
//You obviously dont like to consider all views, as anyone who doesnt agree 100% with you,//
As I have simply stated facts & asked questions I don't see that I have said anything that can possibly be disagreed with!
BP - didn't you say you had sold out. If so why are you still on here.
Yes, I’m confused. If you are so negative on MATD’s prospects, why are you on this board?
And please please please don’t use the old chestnut that you’re a BB superhero here to protect and warn off any vulnerable wannabe investors.
OK - you've all convinced me I'm wasting my precious time here so I won't post any more. I hope you all live to see the sunny uplands and become millionaires from your PM investments - this time next year Rodney!
Good luck BP no hard feelings but I reckon you will be posting on here again before the years out
badprophet, there are already negligibly few critically thinking people, and instead of ignoring those who wishful thinking or trolls together with idiots, you decided to listen to them? This is how it happens in life, when smart and critically thinking people give up their positions to fools, which leads to all the nasty things that happen in life. It doesn’t reach idiots, and sometimes even smart ones, that if you don’t criticize those who deserve it, it means either being afraid, and therefore shutting up your mouth, or deserving of the position in which you find yourself. So you'd better reconsider your decision.
So manro thinks anyone who disagrees with him or BP is either an idiot or a troll. Wow i feel sorry for you, that you're such a sad lil man that you treat people like that, just because they have a differing opinion to you. So sad
Poole, you can be very glad of being not alone and there are at least 6 of you who didn't even understand what I have written but very quick to join you. That is what really sad and not me or my opinion.
So you state state that BP shouldn't listen to the wishful thinking/trolls/idiots, obviously talking about those who dont agree with him, and are fed up of his negative trolling ways.
Therefore, im pretty confident i understand where you were coming from.
And the fact that you are insinuating that you and BP are 'smart and critical thinking', is quite simply laughable.
For you its laughable and the simple reason of that because you do not understand the depth of degradation that you can undergo. In case when you not only don't want to know the opinion of your opponent, but also try to shut his mouth. Did you ever hear what Voltaire said: "I do not agree with a single word that you say, but I am ready to die for your right to say it."
Has it reached you at least now or still not?
So you cant argue against my point, and proof that you were insulting all those that are fed up of BP, so instead, you try to make yourself out to be of moral superiority. Man you really are grasping at staws now. But nice try and thanks for playings