Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Up nearly 6% on IG now .... good day so far.
I suspect / hope that once this get's moving, it'll be hard to jump aboard given the speed it will go.
GLA
Spot on Ojay. Very conservative number for sure.
Guys we would all be super surprised when it starts.
Ojay, agreed. I see this as reaching 10- 12p on LP grant ( around late April ) then building to 15p on a Heron 1 simple workover with pumps and tanks .
On DQE announcement of H2, H3 etc etc and winning 2 or 3 further licences flying up to 20p+
By end of this years drilling season with income flowing 25p+
All ignoring Velociraptor , which it hits sends this to who knows!!
//1. LP granted and Heron goes on stream
No. 1 will happen in March at the latest//
Wanna bet? (assuming you mean March THIS year!)
I'll be disappointed if this isn't 10p+ very quickly following LP approval. But for me that is still an IF.
Although some of this BB's readers would consider your last post as ramping: I personally believe you're being conservative and think PM's SP will rise a lot more than you say. Clearly that's my modest opinion. PM has disappointed its investors too often over the last years. Most of them will say: I believe it when I see it. Once they yee it, the SP should go ballistic. For the REAL BIG SP rise we will ned to see
1. LP granted and Heron goes on stream
2. Velociraptor is a hit
3. Additional licences granted
No. 1 will happen in March at the latest. No. 2 is a Q2 issue - let's keep our fingers crossed. No. 3 is a nice to have and may not have a huge impact on the SP.
However, any JV and/or confirmed cooperation with external drilling companies should have a positive impact on the SP.
ATB
Any share price under 6p before LP and under 12p after LP granted is a bargain.
A must buy.
Just had another look at the latest interview and must admit I'm adding a few more, in my opinion it's a simple process ie going forward no bad news expected, but only positive RNSs, fully funded on all fronts now. As soon as the churn has finished, and that could be imminent, we will slowly move upwards. Only patience in my mind is required to make a decent return from here to drill of exploration well and clearly it would be massive if the Heron license does land before new well results. DYOR https://www.lse.co.uk/media/mongolian-oil-developer-petro-matad-raises-66m-to-fund-2023-activities-we-speak-to-ceo-mike-buck.html
Wise old hooo hooooo hoo
The moral is, use the filter button.
What is the moral of the wise owl?
The Moral: Be more observant. Talk less and listen more. This will make us wise.
6 weeks remain..Q1
WOS - you seem to set a great deal of store by what MB says when many of his previous utterings have proved to be completely wrong! Of course he isn't going to elucidate all the possible downsides to the business - that's left to others!
Do not think any clever plan by Mongol govt or anything like this. Talk like this only for BB lol
1-3 month for LP really mean add extra 1 or 2 month because Yak pace is how govt work. This is not surprise. Important point I think is Ambassador has I dependently say will happen & he does not care about placing. Mr Mike buck know what happening in corridor of power like he say & he say VERY CONFIDENT VERY SOON for LP
Does not make sense Mongol Govt say save all oil for us and not China because want money from PSC and not waste time in getting this by waiting for refinery lol
All share holder can have different opinion on this and okay but logic & different thing tell me LP RNS come any day now because Yak near finish line & Mr Buck /Ambassador have seen this & from direct word from Mongol govt now not BB chat ;)
Canada time not Mongol time and drill company understand MATD need some month to prepare land & service for Velocirapror so Canada drill company let them know very soon for SPUD DAY in Q2 so RNS for this any day now. Even Mr Mike Buck say RNS in Q1 for this & also say will have regular updates.
When spud day RNs come in next few day or week see how many investor run to buy MATD share. Clever one buy now because know this will happen & why header say this
Like mr Master say have also development for renewable project in Mongolia & think JV company announce something soon.
Wait for BREAKOUT & WILL BE SUDDEN
Ojay - Are you serious…..the Mongolian government are hardly speeding this through, do you think if the refinery was ready and they needed supplies to feed it theyed be taking this long over the permit? Of course not, There is a large contingent of Mongolians who want to keep Mongolian oil ‘mongolian’ and not be refined by petrol china and sold back to them .
As for for Mike Buck saying he was told within next three months for land permit, I now think this was a very careful plan to raise the share price to raise from a higher level…..than the 1.9p we were at before he slipped that into an RNS….
I genuinely think patience will pay dividends here, either for the rise up to drill or for land permit……and whilst I’m not a damper or deramper - more a realist…..I’ve £92k in this share that thinks/hopes/prays it will come good.
MFA: signed a memorandum of understanding on the project "Increasing investment in clean heat supply and supporting energy transition".
As part of this project, which will be implemented for the first time in Mongolia, an 8-10MW solar heat source will be built between 2023 and 2028 in Sainshand, Dornogovi province, with a grant of 23 million dollars. As a result, 45,000 people will be connected to clean heat supply, and about 12,000 people will have the opportunity to get hot water from a clean source in four seasons of the year.
In addition, the domestic capacity and human resources for the construction and use of partial solar thermal plants will be increased by more than 100 engineers and technicians. A detailed nationwide survey will be conducted to identify four potential locations.
SirBob: "...feet dragging with permit..." is bad news. I hope you're wrong (I'm sure you are too).
As PM investors we clearly want to see progress being made - on any and all fronts. I keep hoping that will happen.
ATB
//bp - are you for real !!!!//
I am - but I don't think WOS is!
bp - are you for real !!!!
Seriously bp, why not try golf, or yoga, something to take your mind of the absolutely awful financial decision you made here, when you sold at a loss. Maybe if you get away for a while, you might not be such a bitterprophet ;)
Pay DQE, pay Petrochina, pay GoM - PM will be lucky to end up with $8 pb not $80!
Petrol china will help us as they’ll charge us for the privilidge, simple as that, they are not at full capacity on their pipeline currently so can easily help us.
We definitely aren’t waiting for the refinery, although I suspect the Mongolians are trying to get us as near to it as they can judging by feet dragging with permit.
My guess is permit will come at end of drilling season so they’ve dragged it into 2024. We should however see a rise up to 6-12p in anticipation of drill on second quarter. You’ve either sell then and buy back if a duster for permit issue or take your 5-1 gamble on hitting the black stuff first time.
In a beautiful world the LPermit would come in line with drill anticipation , but Matd is never beautiful!
NO you will never understand mr Bad Prophet
You say to mr Dozzababa that you have no interest in MATD but only have interest to upset holder because this is what make you happy
This is very sad person & show you have some weakness in you sir.
Post by good people like mr Researchabdhold & mr Jimmibrush for good people who want to understand. If the agree good. If not good but post made with good heart for sharing information.
Be happy :)
WOS - thanks for helping my understanding. PMSL
Yes mr Researchabdhold and this point I accept sir. My post was to mr BP so he understand how business work little bit better & understand why China / Petro China / DQE all have benefit from Petro Matad oil. This is very basic understanding lol
Have good Sunday sir :)
WOS- I'm aware of the DQE deal in general but since we don't yet know the detail, it's prudent that of course we needed to have capital ready to rapidly fund the Block XX multi well expansion at the front end