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Header say all - expect ANY day now with company confirming fund transfer from MRPAM to Local Governor.
Funds already in account ready to transfer.
Multiple Newsflow / RNSs / Re-rates to follow from this key RNS.
Transformational 2024 come our way π¦
This could be all sorted by end of January, easy one bagger here all the way to 8p this will now allow for drilling and oil production which can go higher,
Funds clearing and dornod guvnor signing is all that stands in the way,
HEADER SAY ALL!
Expect NET share price rise weekly / monthly with strong uptrend in place.
Good time for company & shareholders in 2024. Worth the patience & wait π¦
Morning sausage;-)
researchandhold said //bp is like a stain on humanity//
whiteman - have you hacked my broker account or are you just ******* in the wind?
Easily 7_9p before the news.
Amazing opportunity.
Happy to see the sp moving up again π
Waiting to explode. A matter of time.
Can't keep the price down anymore.
Demand massive.
Oil $81.
Any price under 7p is too cheap.
Few thing to remember -
Last time in Dec 2022 update company look to enter RENEWABLE sector but no move in this so no funding Required.
When SunSteppe JV set up then need extra funds with fundraise. Argue this or argue that but this was situation and VERY glad Petro Matad enter this sector at high level contact base - this will be MASSIVE!
What we have now is "fully funded until AT least July 2024". Do not think Petro Matad entering new sector now like Space Travel or something so think we okay but with ubswratanding no one can guarantee anything.
I will say with all MAJOR DEVELOPMENTS happening here expect UPTREND will continue and price will be MUCH higher by July 2024.
Of course if people want to wait on side until then please do - this is your money and your right.
Think lot of people have not even come back to Market yet. Start of January will see strong positioning & BUILD UP to major OPERATIONS, UPDATES, RNSs, FIRST PRODUCTION / REVENUES.
Do we think price will be anywhere near this level?
Glad I have my shares secure for Uptrend to pick up momentum π¦
Be Wise & focus on INVESTMENT π¦
Wether you agree or disagree with WOS he is making some excellent points with correct judgement.
I for one believe this is going smoothly upwards.
It will take a bit of time but all LTH have waited patiently and a few more weeks or even months isn't going to hurt.
GLA and let's see this continue north in 2024.
Should hear on this in January then In meetings facilitated by the Company, all the herders have agreed to be compensated. Under the legislation, the compensation payments should be made from the State budget but recognizing that this could be a very slow process, the Company offered and the industry regulator, the Mineral Resources and Petroleum Authority of Mongolia (MRPAM) accepted that Petro Matad would make these payments. The money has been paid into the appropriate MRPAM account and is awaiting transfer to Dornod Province once the Ministry of Finance gives approval for this to go ahead. The mechanics of the transfer have taken some time for the Government to determine but we are pushing and expect this to go through soon.
Mrpam accepted This so finance ministry won't care as long as there is a audit of where the money has come from, so this wil be done pretty fast inexect atleast tatil of two weeks tops with any queries around this, then dornod guvnor has no reason to delay this as the herders won't be happy if he delays their money's,
So fully expect end of January for this to be signed up if not sooner,
Going for minimum sp target of 8p but this should be way way more on the fact it's going right into production and could double that to 16p plus once dates and drilling starts for production and continues upwards
So this could be the perfect time for anyone looking to get in for rerate and multibags here
Mr PatShare
You always have option to sell NOW! π
π¦
If we keep focus on INVESTMENT we look at following -
- 2024 Company look to move to PRODUCER / REVENUE GENERATION stage of development.
- Transformational RNS which will open up operations. Funds in place and ready to transfer. Company say expect "soon" base on direct Communi action so have take this above BB poster opinion base on feelings.
- Open up other newsflow like DQE JV which we know terms agreed already.
- Heron full field development will see 7,000 - 10,000 bbl a day production with low cost / fast track development.
- Est 3 BILLION bbls in proven & producing Toson Uul Basin part of Block XX extension area.
- Equipment / Crew secure & cost covered. "Sufficient working capital to operate betond mid 2024 as a going concern, AS WELL AS commencing APPRAISAL & PRODUCTION operations at Heron oilfield in Block XX" (RNS Results June 2023 section (c) Going concern).
- New Blocks news to confirm blocks. Many in tender have full seismics / next to known reserves / some massive size bigger then Quatar.
- My opinion - I expect big Funds / Institutions to start to take interest. Some before production but AFTER next RNS about final signature on fund transfer. Some with PRODUCTION START.
Also other things which will not discuss in detail now but I expect Petro China to make fast bid before full development & with Petroleum Law reference which think will allow this.
Petrovis will want ROI BUT focus on very short term newsflow with RNS and then all different newsflow for Operational updates / Operational Start / First Production / JV deal / New Blocks etc.
Most investor still not have even return to market - UPTREND very safe I think π¦
Header say all!
TIK TOCK RNS / RE-RATE is coming!!
π¦
Back to discussion on INVESTMENT where we share INFO / INTEL (and sources) to help each other - does not matter if we agree with conclusion.
No place for someone who deliberately mislead / lie as Mr Bad Prophet has now admitted!
We look forward to next company making RNS now which unlock all other developments / Newsflow / RNSs
Good to be holding MATD for 2024 π¦
I watch RENEWABLE sector development a lot but understand Heron development is PRIORITY - For my investment timeframe this is position to be massive & attract even bigger institution funds.
Mr Hannes Takac from European Bank of Reconstruction & Development in interview today
- "the question arises whether there is enough energy supply the entire MINING INDUSTRY. Energy availability is one of the MOST PRESSING issues for mines" To solve this problem he talk about Renewables - this is tick for Petro Matad who target this renewable application.
- He talk about power transmission infrastructure. "Considering that the Govt of Mongolia is aiming to EXPORT ENERGY (Renewable) it will be necessary to build a high voltage line to China" (this will be Govt level capex).
Source: bloombergtv.mn/news/h23h1
Thusxate both areas Mr Buck did mention and SunSteppe is involve at highest level of Govt as you see with Hydrogen storage conference in Japan with Prime Minister visit.
We focus on Heron field 7,000 - 9,000 bbl day production but Petro Matad have position brilliantly in Energy Sector working very close with Govt in muktiple areas (just look at Tender process develooment for New Blocks).
Petro Matad will not be small Aim stock for long but this is full discussion for other time.
Buy or not but company will develop with or without small private investors.
π¦
Also look at BIG increase in finances / loans from banks to develop Renewables in Mongolia - most I do not post because we focus on very near term Block XX RNSs due.
Hope everyone has has good Christmas.
Latest from Dorno. Governor listing fuel restrictions
β
Gasoline will be provided without restrictions to herders camping and searching in Matad and Khalkhgol ββsums.
The working group "Supervising the sale and transportation of petroleum products" is working to regularly monitor gas stations operating throughout the province.
In the past, the stock of AI92 gasoline and diesel fuel in Matad, Sumber and Khalkhgol ββstations of NIC Ltd. in Halhgol sum has been increased, restrictions have been set as much as possible, and the herdsmen who are camping and searching are being provided with fuel without interruption.
From today, the Eastern branch of "Sod Mongolia Group" LLC announced that it will cooperate with the decision of the Special Commission of the province by increasing the supply of AI-92 and Diesel fuel to the gas stations located in the 19th and 21st fields of the PSA oil.
Researchandhold said //BP is like a stain on humanity//
Here's me thinking they went about on horseback & burnt yak dung for heating! No romance anymore.
We can ask Q how did SP push from 3p to 35p in only 6 weeks few years ago?
Think better to look at DEVELOPMENTS and very very important move from Explorer to PRODUCER / REVENUE GENERATOR then focus on single price - question is why confident of UPTREND!
- RNS Final signature due any day
- RNS Operational Preparation Update
- RNS Operation Start /Production
- RNS Block XX extension Toson Uul (est 3 BILLION bbl)
- RNS DQE JV confirming
- RNS New Blocks & details
- RNS Renewables update
People like to throw placing in chat like this is dirty word lol. Funds "sufficient until at least July 2024". (Last extra funding needed for SubSteppe JV for ones who like to complain).
Drilling activity / expansion base on LOW COST operations with offtake element to pay. Production revenue mean can get access loan arrangement. If any future placing should be much higher price.
Big difference when company are REVENUE GENERATING.
People can agree or not but I expect DIVIDEND / Takeover bid by next year (Petrovis will want some ROI now). This is just extra I put here but discussion really about NEAR TERM PRICE CATALYSTS & STRONG UPTREND over coming months!
Be Wise & focus on INVESTMENT! π¦
WOS "People like to throw placing in chat like this is dirty word lol."
I just speak from bad experience having been in Matad on/off for a very long time π
Ms Vikinglass I do understand this but also that research of subject matter help to understand WHY and IF so can invest with more CONFIDENCE.
First we have official company statement - "sufficient cash until AT LEAST end of July 2024"
You will say but company was fully funded before but did raise? Yes but NOT for RENEWABLE JV - company only had identified possible partner at this stage (RNS Dec 2022).
With research if explosive sector growth in this am VERY please company involve so raise at time add value imo.
Now we are FULLY FUNDED and can see no indication in RNSs / Interviews why raise needed until share price MUCH HIGHER with OPERATIONAL PROGRESS / REVENUE ON LINE!
This is from research analysis and not fear.
Hope you had good Xmas & do not wish you insult in any post π¦
i have only posted 2/3 times in 8 years.
during my time, i've doubled my exposure.
i hold a reasonable bag. i continue to be a believer.
for me and my brother, this started as "a search for stalin's oil".
this was a fable with some substance - we thought it led to mongolia.
we found matd and here we are.
my rationale for still being here:-
we now have oil.
federal and state authorities think we should extract it.
regional authorities will be on board when they sign the lp and pay the 10 families the money already sent.
we will be a low-cost producer
the mongolian government are 50% owners and have an expensive new refinery requiring oil
china is next door and imports all of its oil via precarious waters which would close in a war
russia is ****ed (no western tech, frozen pipes, no markets) so the oil will be needed in the east
we have local knowledge and will probably secure 2 more blocks
we have more know-how in mongolia than anyone ( i think we know which blocks to bid on)
we have exposure to great renewable opportunities and this could be our biggest winner
politics and conspiracies aside, this is still a high-potential low-cost asset.
get in/get out. whatever!
i'm not here to debate anyone. if i'm wrong, i'll own it. that's all.
good luck.