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SP may go the other way yes up on Tuesday after AGM with some good news hopefully, let's all put our assumptions and theories in hey,
What about people into horror movies maybe MB is a vampire and in guise of a CEO is feeding on Mongolians,if that's the case we may be on to a winner as we may rule Mongolia soon.
Maybe MB has already done a deal exclusively with Petrovis or the like to raise the cash from them for cheap shares, for example 2.5p. Now if the SP was 4p+ and they did such a hefty discount just for Petrovis, they’d be uproar from PI’s. So could MB have decided to release that RNS, trash the SP so that when the private placement is done at 2.5p it doesn’t seem so bad?
Something doesn’t seem quite right to me and the above is just a wild, unlikely theory. But I do think we are going to hear something at or immediately before the AGM that we won’t like.
IMO
SP may Drift towards 2.5p (unless positive RNS arrives soon)🤔
Soon AGM ⏳🤔⏳
AIMO DYOR
YOUR MONEY 💰 YOUR CHOICE 🤔
So the RNS read ;
"Petro Matad has been working to correct misinformation about the Company from local activists and protesters that have been critical of oil production operations in the area for some time, protesting online and in person against the committee's decision. "
Staff at PM are almost certainly closely monitoring anything that the activists post online - after all, people on here do it. However the reference to 'in person ' must relate to angry activists turning up at the district authority offices, and probably confronting members of the committee which voted in favour of MATD. However, MATD presumably wouldn't have known about these ' in person ' protests when they happened.
The RNS also stated ;
"Petro Matad has been working to correct misinformation about the Company from local activists and protesters. "
I am guessing then that when the activists aggressively protested in person at the district offices, that they may have handed over written falsehoods /allegations about MATD and verbally made allegations too. Presumably the district officials have felt duty bound to look into these false facts/accusations. MATD would then probably have been contacted by the officials, and asked to respond to the claims of the activists - hence what was stated in the RNS. All this will have taken time, especially with the sclerotic Mongolian bureaucracy at work.
So let's see what MB says in the AGM - but I'm guessing that this is what has held up the land access docs from being signed. I find it hard to believe that activists can reverse the decision made when the district committee voted in favour of MATD. Could you imagine a planning committee in the UK changing its mind about a planning decision because some nimbies got upset about the decision and remonstrated loudly at the local authority's offices ?
Symph. I already have sent my questions.
Let's see what comes out from the AGM.
Fund raise fever is catching up here.
I think master is right IMHO no more money as investors are sick and tired of lack of progress.
Once LP IS DEFINITELY CONFIRMED than the game changes
Guess what Master? Theres An AGM full of answers in a few days. Or send yours questions in
Has Mr Bull told us lies again. Didn't the local district administrator tell the activists $200k were paid..
What was that for..
PM will be very lucky to get funding without the LP..
The chicken or the egg? Can't have one without the other, it's an impossible question to answer.
I hope the same thing isn't going to happen with the local Council signing the agreement and PM paying the compensation, because that's the way it sounds to me. PM won't pay until they have a signature, Council won't sign until compensation paid.
Result = stalemate = no oil.
After everything that has happened thus far nothing would surprise me.
“You are misleading people quite deliberately. We are funded until the end of July and after that there may be other sources of funding.”
Prophetus - I hope we are funded longer than that. Because if it is only to July, there will almost certainly be a raise within days/weeks. No CEO would let funding run down to the last few weeks.
Other options? I private placement exclusively for the likes of Petrovis? I can’t see a bank lending money when we aren’t making a bean. Either way, it’s going to cost us money or dilution.
Happy to hear a more positive option.
Mr always wrong Wos
With another post without content. ,)
Cheers mate
And congrats on your trading. Credit where credit is due
Header say all Sir
Header say all!
Herder will get compensation payment once local council sign Agreement (also alternative pasture land).
Matad Soum is small place - Herder (and extended families) want there money!
Renewables looking better then many even think with high level Govt contact to get Contracts AND access to Funding which I mention MANY time but people not interested then.
Buy or not - I build up my holding yesterday with share thrown away from impatient to Patient!
Have good weekend all holder.
🦉
Emotional prophetus
If you do not understand why a good CEO would do a raise now....good luck investing.
Seen as we're not a producer "yet"? and have no revenue coming in other than " cash raises" "are the fees for the operating licence of block XX on hold" as it is down to local and national government that we're not able to bring oil to surface, perhaps another question for the AGM. 5 years of fees for something we can't get our bloody hands on. GLA
Professional why is every post of yours about a fundraise and how you would do one now if you were he boss? Of course you would......You are misleading people quite deliberately. We are funded until the end of July and after that there may be other sources of funding. How is your ass by the way? Felt a few bites this morning ? You should have bought in yesterday and made some money. Not so wise investor are we.
Thanks guys for clearing that up.
If they do a raise....it will go below 2.5
If they do no raise (yet) .....it will not go below 2.5 (yet)
Simple imho
You will be lucky if this falls below 2.5 now
Too many waiting as already witnessed this morning to dive in .
Everybody throwing in something to scrap a few quid
Will we get an RNS after the market closes?I expect this as a result of the AMG that arrives on Tuesday. We need money to survive the summer and the rest of 2024.Mongolia doesn't want foreign investors. They want to keep everything for themselves.
Cameron has signed MOU with the mining minister this morning. I wonder if PM was discussed.
Not many British companies in Mongolia l
**** = urinating
doc. positive spin?
doesn't look like mb wants to put a positive spin on anything, what with comments like "we will buy ourselves a long-delayed operating window with the local approval for 2024 if we can get it"
maybe he's had enough of ****ing in the wind?
@1.75 they can knock on my door and i guess a lot more traders/investors
I doubt anyone will give money to PM without the Land access. They would have to be mad if they did..
First they need LP then raise is likely or loans from dqe or petrovis