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Think very clear Mongol Govt push on all level to help & increase FOREIGN INVESTMENT.
This also very good for one who see how Petro Matad start to build into major Energy company in Mongolia
Think lot agree now derisking for V1 already happen & price discount WITH or WITHOUT V1 success because have Block XX. Part of this is 2 Billion barrel proven & in place extension so not just Heron.
If people say but need LP will say why you think price so LOW. If you think LP not come do not invest or invest JUST for Velocirapror.
Special Certifucation Land Access should give 300,400,500% price increase & many expect WITHIN next couple weeks.
Also more drill on Velociraptor prospect HIGHER chance of success. V-2 paid & ready STRAIGHT AFTER V-1 if company want this. They have discretion so any encourafi g sign on PROVEN PETROLEUM SYSTEM they can do to increase COS.
All know from RNS "near term revenue" on Renewables and like say before Petro Matad have already oil asset & cash until late 2024.
Price DISCOUNTED and ready to PUSH BACK UP.
But or not but be Happy :)
Think you are right mr CaC.
Not (directly) about Petro Matad but in bigger picture for them & foreign investment very important & GOOD to see Govt do this things to help economy
Also help with any NEW BLOCK DEVELOPMENT where mr Buck say will develop with production revenue or JV with foreign investor.
When see Petro Matad dud help with New Tender process & Mining Minister PR for foreign tour can see what important position Petro Matad start to fit into.
Maybe then Isle if Man meeting start to make sense for potential Mongol Govt / Petro Matad partnership to develop Mongol energy natural resource which also involve attraction of foreign investor.
This why some try to build up holding much as possible because BIG development & shareholder value just about to come.
Think mr Thornagassaon and other right when they say people will look back & thinkmprice was just 4p to BUY just before all development start to unfold for REVENUE / GROWTH :)
Don’t forget to mention that they will need more money with zero income.
Not maybe!! Pm is branching out into renewables in the joint venture that was proposed ages ago in rns. Registered in IOM for transparency and legitimation. This is exactly what the MG wants. Got have freely stated they want every independent and energy exporter. Oil used for many products not just fuel.
Energy independent!
Govt not got. Proof reading don't seem to help, it still alters words
Like I said, the overall direction of travel, regarding creating favourable conditions for foreign investment, looks very positive, which gives me hope that the cabinet will also look favourably on PMs SPC request.
Bloomberg link
https://fb.watch/lkZfYLl9BA/
Land law and use has started to be discussed at cabinet meetings, I can see afte these discussions if the LP goes to cabinet will be easily signed off,
It's looking good and quite possible this is triggered by land and development as the LP is about to be submitted so they need to clear up land use and law
WOS - same old repetitive hoot, different day.
Yes I expect also 300%, 400%, 500% price increase next couple if week with Cabinet signing off Special Certification & WITHOUT V1.
WITH Velociraptor Multiple of Multiple!!
Mr Surf
They will develop through Production Revenue, Offtake & Partnership (Do research & you will see but again if you do not us your money lol)
Also from RNS 20th June 2023 "the current cash balance is sufficient to continue operations until AT LEAST July 2024". Believe it not again up to you but maybe you better to stay out yess? ;)
Better than reading your negative tripe