The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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First I say good morning everyone for beautiful week ahead.
Think some try to trade MATD share but see header & know how dangerous this way is lol. See how price bounce back hard in day dip because people know so much news coming & not easy to BUY back like people find out lol.
"US administration stepped in on Sunday with a series of emergency measures to shore up confidence in the banking system"
"A sense of relief swept through Silicon Valley and global markets as the regulators announcement came just after US futures started trading in Asia. Investors sent US S&P 500 stock futures up +1.2%, while Nasdaq futures rose 1.3%." - REUTERS
Mongol Govt have big problem with economy and have issue 14 new licence process with trade mission in Canada & SE Asia to bring in foreign investor. Think everyone know person who say Mongol Govt playing game and does not want to give LP is bit simple & need proper doctor lol
Good to see share price take rest because of market problem on Thur & Fri but also good to see how strong is support with so strong BUYS when price dip. This is good CONSOLIDATION.
Now all who try to be clever & trade share will be worry I think & price ready to make hard hard push back higher then last week.
Less then 5p BUY and 58p Renav target with LOTS of RNS coming for MÀTD shareholder.
https://progressive-research.com/wp-content/uploads/data-sync/research/MATD%2020230302.pdf?utm_source=sendgrid.com&utm_medium=email&utm_campaign=website
Who not happy to hold :)
Doc83 you should see a doctor, maybe your in your own world, ever watched the movie Inception?
I support non-cynical posters - which obviously counts you out.
GL
Very good chance this week of passing 5p before any news..IMO..
Ojay - you have declared yourself a supporter of UNwise owl. Which confirms to me you are a bit simple.
Doc83: It appears you consider yourself a cynic - which confirms my understanding of your posts.
c001959 - the cynic might say that the MG know exactly what they’re doing… get some poor souls to do all the hard work finding the oil, then delay and delay the LP so they can have it all to themselves when said exploration company goes bust.
If Matad were bigger and one of the only oil companies in Mongolia, I’m sure they would have told the MG to shove the EL for Velociraptor up their ar5e until Heron LP was given. Quite cheeky if you think about it to say please go find some oil over there when you’ve already found oil over here but we won’t let you get it out of the ground.
Ps, WOS you POS AKA Magnus49, I couldn’t give a flying owl what you think of my post before you spout off.
LP lands before velociraptor drill happens this is going to 15p
Velociraptor lands before LP 10p
LP lands after velociraptor still 15p
Then comes heron drills 20p
Velociraptor success 30p if failure then we stay at 15-20p untill we get more wells up and running, but seems like a drill bonanza is going to kick off fro this year and non stop with dqe partnership and money coming in from the heron wells
This should be 6p plus easy right now!!!
Excellent post Coo - my thoughts too
Be great if it lands this week
filetmignon, glad to see you are still invested here hopefully this is the year we've all been waiting for all these years. GLA
c000, exactly and all the evidence suggests to me and my opinion that this is a done deal as it can get, we all know the main central government want this and want to give matd the LP, buck recently also stated local government was also happy to issue it as long as matd did not mess around and so far they have been happy with matd,
Anyways for me it's happening but the hurdles are what's taking time, hopefully a decision will be made by the 16/17th march and we should hear very soon and that decision to me is a grano of permit, yes I'm very confident due to all the evidences,
People should research and understand what is going on or what has happened so far,
Q2 is looking explosive, some must realise that there was mis communications and the pandemic that slowed us down but that no longer is the issue and all back to work like the rest of the world,
Also Mongol Govt have tender for 14 new licence which Petro Matad help to arrange. Also trade mission to Canada & Philippine last 2 week to attract foreign investment. You think Govt do this if they not going to give LP soon lol?
Personal opinion I think lot of people see market red on Thursday & Friday so think will do trading. They get trip up when BUY support for MÀTD so strong on dip & difficult to buy back share.
Can see how they posting change ;)
Lots just hold, wait & some even increase holding. Very confident what will happen & this is our opinion. If you want 100% guarantee for everything put in bank please but even that not 100% guarantee lol
Be happy :)
Very sensible summary C00.
A few thoughts on why I think the LP is in the bag.
It's not that long ago that the MG granted pm the EL, if
they didn't want us extracting the oil then that was their
perfect opportunity to stop it but they didn't they said
here's the EL go get that oil.
MB has had numerous meetings with the relevant minister
and sounds very confident that the LP will be granted, nods winks and handshakes.
The British ambassador has also been on the case and he too
is very confident the LP will be granted.
The MG is trying to attract foreign companies to invest in their
country if they refuse us the LP what message does that send
to those companies who could potentially be spending millions.
It would be like putting a closed for new business sign up. Why would
they do that it wouldn't make sense.
MB has probably spent a small fortune on all the equipment needed to
do the work over and to put heron 1 on production would he really spend
all that money if he wasn't sure, nods winks and handshakes remember lol
all just my hopes and opinions of course dyor, let's hope for an
exciting week next week GLA
Thanks for this Jim but as i see it there are two things here and not one. There is the issue of mining rules and laws internally to Mongolia and then Mongolia's part in the wider world and open doors to the wider world.
As regards the internal bit does this mean we are likely to get a result on Thursday regarding the LP and do you foresee any problems. Am just a bit concerned about this going to the public for a vote. We are not expecting any unpleasant surprises are we.
1,The results of the technical proposal submitted by the enterprise for the selection process for granting a special license for mineral exploration will be published in the electronic system of State procurement on March 16, 2023. 2, THE DISCUSSION ON THE REVISED DRAFT OF THE MINERAL LAW IS IN PROGRESS.
The discussion on the draft revision of the Minerals Law, developed by the Working Group of the Ministry of Mining and Heavy Industry, is being presented to the public on March 9 and 10, 2023. Voting will be held in the hall and online.
B. Byambadagwa, State Secretary of the Ministry of Mining and Heavy Industry, opened the discussion, and M. Mendbayar, the head of the Ministry's Mining Policy Department, presented the revised draft of the Minerals Law. About 150 representatives of government, private sector and civil society organizations are participating in the discussion. And finally 3,
"INTERNATIONAL MINERAL EXPLORATION AND EXTRACTION CONFERENCE MEETING 2023" STARTED
The 91st annual "International Mineral Exploration and Production Conference 2023" organized by the Canadian Association of Prospectors and Producers (PDAC) began yesterday, March 5, 2023, in Toronto, Canada.
Mongolia has been participating in this event for the 17th year since 2006. At the conference, foreign investors will be given comprehensive information about Mongolia's mining industry, exchange ideas with industry ministers and other stakeholders, seek opportunities to improve the investment environment, and further engage with investors and industry experts. important meetings will be organized to exchange opinions on cooperation.
In addition, our country will open an exhibition area and present the country's prospects for minerals, the infrastructure of the industry, the reform of the legal environment, and the policies to be followed in the future.
At the "PDAC 2023" event, Minister of Mining and Heavy Industry J. Ganbaatar from Mongolia, Ambassador Extraordinary and Plenipotentiary to Canada Y. Ariunbold, Director of the Department of Minerals and Oil L. Bayarmandal, Geological Policy of the Ministry of Mining and Heavy Industry Head of Department B. Uyanga, Executive Director of Mongolian National Mining Association G. Erdenetuya and representatives of major companies are participating
No sands were encountered at the shallower of the two primary targets of the well although drilling gases (C1 to C5) and an oil sheen in the drilling mud were observed across the interval. The gases are believed to be indicative of an active petroleum system in the basin and the oil observed in the mud is suspected to have entered the well from one of the prospect bounding faults which may be acting as a conduit for migrating oil.
Below extract from the RNS reporting on Snow Leopard 1 suggests to me that Velociraptor may have a better chance than 20% - maybe say 25% but then again I’m no geologist!!
Last hurdle to jump for LP is the local government and they are having those meetings now, we don't know how many have taken place but we know local residents have been invited same as local councils in London get a say when a business makes a change here through local news, so end of march start of April for me that LP is landing and a few baggers
If any of these samritans can give me a share that could do between 150 to 300% in the next 4 weeks please do tell me,
For god's sake do some research people, nothing even your life is certain, but look at their formation and the work that's going on and the evidence that suggests LP is happening and is close to landing, velociraptor drill is happening with all clear apart from rigg drill date and two rigs will be avaible in Q2, this is now a done deal as it can get unless russian or NATO decide their taking over Mongolia,
It's obvious some of these samritans talking boll locks as they are bringing from opening shorts, idiots and some here have sold out too early and trying to get back in,
The price we all know will be more the double digits, easy 150% gain or could be 300% depending on how the news RNS is out out and what lands when,
Realsearch RNS and CEO interviews it's that easy folks, buy and hold,don't follow anyone
LOL like I say some people very afraid because they try to be clever with trading ;)
Happy? ;)
Well said ibiza28 ...I have said this along its a punt and you should therefore be able to withstand the loss of all your investment (unless you choose to place stop loss ).. I've been in the share for years now and I am just starting to think will I "pop me clogs" before I make me wedge from this MATD "crazy share'....
IG has us down as finishing slightly blue for the day at +0.62%
Think some people worry they made bad move with try to trade MATD share today ;)