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The LP is over a year later . What makes this Monday any different . It's just wishful thinking
I must admit.. The general markets don’t look good today
Everyone have seen how difficult is it to BUY BACK stock and RNSs Q1 looking for Velocirapror spud date & new licence news.
This very good chance of Monday or next week so this is why holder comfortable & no stress about other things :)
Well if somethings overdue (like the LP)i take it as it could arrive anytime now...even Monday. Not saying it definitely will but it certainly could.
USA down... Asia down... Europe expected to follow so who knows... but im in here and sitting back waiting. Good day to all.
It would be back to back news when it comes. Demand is very high here as I said I could get 950k quote to sell each time I tried, but difficult to get price when attempting to buy even for small number! That showes massive demand.
//What makes you believe news will be dropping on Monday ?//
Well for one thing WOS keeps saying there will be an RNS "any day".
The big hit on shares is due to the problems (going bust?) of Silicon Valley Bank in the USA.
Look at header & listen to interview with mr Mike Buck. Then you will understand why can expect RNS any time now and on different thing :)
What makes you believe news will be dropping on Monday ?
Well American markets are all down looks like everything will be down today FTSE already down
Any part of that news could drop in Monday morning….. as Mr P mentioned watch out for meaty late trades….be nice to see 4.6/4.7 before close…let’s see how we go
Focus for me RNSs can expect now
RNS update on big Velocirapror drill spud date. This is Canadian company so with all permit & equipment in place mr Mike Buck say expect RNS now.
Then all excitement of drill and does not matter if wildcat or not will attract lot of interest we know.
RNS on new licence with max 60 day tender close in Feb and we expect quick decision so RNS any day now.
LP important but everyone very confident will be soon. Think mr Bowley right would be good if company RNS next meeting but do not think will happen. CEO & Ambassador will just have private meeting but already in talks ALL confident LP given very soon.
Mr Master also right local meeting NEXT WEEK will give permission and clever one already taking position for this in background like mr Researchandhold say. I know because on dip could not even BUY 10K share for long times but get all top up share in 3 seperate BUYS. Why when price dip so think !)
Say before CONSOLIDATION before next rise is healthy thing I read so happy to see price do this & so strong buy in dip of price
4p to BUY & 58p Renav with many RNSs coming in next few day & weeks :)
Here is full report mr Iamrich
https://progressive-research.com/wp-content/uploads/data-sync/research/MATD%2020230302.pdf?utm_source=sendgrid.com&utm_medium=email&utm_campaign=website
Happy to have ALL my share now & no stress to BUY when RNSs release :)
Hi Doc83. I think the simple answer would be that DQE will not commit equipment to a project that is waiting on a start date. Once the local permit is granted it should be all systems go.
Yes. Been thinking same. MMs been busy fillig big Buy order. Look out for late reported trades after close Friday or Monday coz they can delay reporting by 2 days.
NEAR BUIR LAKE-MENENGI
CAB LAND ADMINISTRATION
21063. Team No. 7, Kherlen sum, Eastern province
Phone/Fax: 7058-3461
6023.03.07 No
your 2023-03-06-ma no
13
"UNION OF CHOIBALSAN PEOPLE TO SAVE THEIR LAND"
Oil in the Eastern Province
In relation to "Petrochaina Dachin Tamsag" LLC, which is engaged in mining operations, the water use agreement for 2023 has not been issued by the Water Department in accordance with the Water Law, so no water use contract has been concluded.
Throw this in the mix and one can understand why processes take so long. LEGAL SYSTEM AND JUDICIAL INDEPENDENCE.
Investors state that judges frequently avoid controversial decisions in business disputes, preferring to delay judgment for as long as possible—sometimes years.? If a decision is made, businesses face similarly long delays enforcing court orders.? In some instances, cases have taken so long that by the time an enforcement is executed, the counterparty has liquidated assets and vanished.? Investors note similarly long delays with respect to inspection agencies, such as the Tax Dispute Settlement Resolution Council, as well as with other inspection agency panels, especially those related to mineral licenses and health matters.
iamrich - just scroll down to yesterday’s posts, and copy and paste the progressive report?
Dinger - that is spot on. A quick (honest) question re DQE… if we have an agreement, why does it need sign off… as in, surely we do not have the agreement until it is indeed signed off?
Wiseowl is the man with report
Can some one post the progressive report please,ets get the excitement started again!
Agree 100% D1nger…
The hope is due to the long relationship we have with the Gov over there…asking for our help to sort the new round of licensing..it must bode well for MATD or Buck would of thrown in the towel by now I reckon. If the LP takes another week or two or another month the progress this represents for us will definitely be reflected in the SP… Heron will be all systems go…the renewables partnership will get underway…. There is a shed load of stuff for Buck to get his teeth into and at 4p I’d add bugger all is really priced in yet.
Initial excitement after progress report, now things have just settled again whilst we wait for the big news. In my opinion.
Spot on D1nger.
List of positives
60 million barrels recoverable from Heron 1 alone
Agreement with DQE for multiple well programme (awaiting sign off by DQE board)
Gazelle has definite oil in the millions
Mongolia is building a refinery
Petrovis continues to support Matd
Mike Buck has over 10 million shares at an average of 3.5p from his own money
Definitely drilling at Velociraptor this year
Estimated over 800 million barrels recoverable at Velociraptor, Phoenix and Fox if successful with drills
Ambition shown by Matd to apply for further exploration licences on other blocks
In a joint venture for renewables via mass solar energy fields
….There’s probably more that I’ve forgotten.
List of negatives
Operating in a country run by numpties
Operating in a country run by numpties
Operating in a country run by numpties
Operating in a country run by numpties etc, etc, etc.
How frustrating must it have been for Mike Buck and his team to have to wait over a year for an exploration licence and continue to wait over 2 years for a local permit. The bureaucracy in Mongolia is a feckin joke. One day they’ll wake up and realise that supporting business investment is beneficial for their country.
Just filter him / them. Numpties
UWOS - I read once that someone who repeats themselves over and over again is usually trying to convince themselves of something, rather than anyone else. I think that may apply here.
If you are so confident, chill and stop repeating the same lines over and over and over and over and over and over and over and over and over and over and over and over and………..
Locals having meeting
Bloomberg news is reporting MATD regarding future oil production
UK ambassador is aware of the situation
Mongolian government has asked uk government to help them to make smart cities in Mongolia therefore they need uk support and investment
MB is confident LP will be granted.
All in all is confirming we would be ok and LP is on the way.