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Season will be starting in April. So it should be given by then.
No one said its going to be granted next week.
We are waiting for news on new blocks next week..
Plus block 5 drilling news
Master82 - LOL, why the aggression? Touch a nerve did I?
I’ve been invested here since the raise at 3.5p mid 2021. My first post here would have been around that time. For sure there will be investors that have been here much longer than me but I’m not some complete newbie. And I am more than aware of the history of MATD, or at least the bigger points. In any case, is a newbie investor in MATD not allowed an opinion???
Given the reason we haven’t had the LP much sooner (and still don’t) is down the the Mongolian government, culpable at both local and central levels. So I’d say my reason why the LP might continue to be delayed indefinitely is a pretty sound one.
That said, I have also told you I remain cautiously optimistic that the LP will finally be granted. I’m just not popping the ecstasy pills like some on here.
DOC. how long you have been invested here .
Few of us have been here very long time and know lot more than you on whats going on.
I have only started noticing you here for the month or so.
Doc. You talk crap. Can't give us a reason for not getting the LP..
Why the rise if LP is not going to be granted.
You've just turned up knowing fk all about whats going on.
You've only turned up here few weeks ago
Ojay, I appreciate what you said. I believe LP will be granted soon and soon after a 2 week workover will started and generate income needed to cover the expenses. DQE will speed up H2,3,4 etc which diminish the need for placing.
Doc, when LP landed the relaxing time is up and exciting time is on!
For now relax and enjoy ascending,
Master82 - I’ll give you a big reason. Because the LP was promised way back and we still don’t have it!! Mongolia is a third world country, anything can happen.
I’m of the opinion we will get it. But I am not ramping x1000 like you, Hamm and now PhillipTan(?!) when we still do not have the LP and have seen years of delays when there shouldn’t have been, all because of the MG, be it local or central.
Let’s leave all the 35p price targets and “sit back and enjoy the rise” until the LP IS in our hands.
Hamm: Great stuff.
However, you can't have $6mio in the bank forever. The longer it takes to get revenue generatinon going - the more urgent the funding issue will get. We've seen this before - nothing new. The only way to avoid another placing would be to join up with DQE and/or get started with the oil extraction.
Doc . Give us a reason why LP would not be granted.
EL is granted.
The local governor doesn't have a say in it.
MONGOLIAN government looking for foreign investors .
This is a test for Mongolia.
If LP is not granted no company in their right mind would go anywhere near Mongolia
Hamm - “asa LP is granted…”
Should be more like IF LP is granted. Don’t start spending your MATD profits just yet. Anything could happen… let’s what until LP is definitely granted before saying sit back and relax.
MATD has $6m cash in the bank.
DQE is potentially massive catalyst to magnify and speed up H1,2,3 etc,
Heron can be operational within 2 weeks. That would be good income.
I don't believe for a second that yhetevwould be any reason to raise money.
If that ever happens the share price would be much higher than the peanut it is now.
Relax and enjoy the climb,
Money is being spent well I think, was this tender round included in the spends of the cash we have left from the last raise, going to through this out there so here goes, what would be the possibility of a cash raise if the LP is the catalyst for growth? You know, throw in the bad news with the good to soften the blow. I know they say they have enough but do you think the main shareholder may step up again if that was the case?
I for one love positive posts. But they must have a basis.
Is LP. asa LP is granted the rest will follow.
When LP granted the share price will be double digit in no time.
It could be any time.
The fact is MATD has discovered OIL and lots of it. 200m BoO says it all.
Do the sum!
$$$$$
I'm certain the style of post is similar to that of someone who posted as 'TanGuru' or a name like that the last time there was a sense that things were getting more positive
No offence Sir, I feel confused and jarred after reading your posts. You should maybe read them back, to see if they flow and make sense before posting. Sir.
I'm thinking of buying shares in philiptan after I multibag from matd for a mega mega super dooper multibagger
On FB 2 of the female Eco Activists started blocking the Petro China transportation of oil yesterday. Sadly NOT both now been arrested, not knowing why they have been arrested but probably Google translate one says she has been tortured.
Hopefully it puts a stop to their activities.
Renewable is only good when the price of unit is charged at a decent rate.
Otherwise its a loss making investment.
Just a little something while we wait https://dblaw.mn/mongolia-digitalized-the-minerals-license-tendering-and-issuance-process/
A lot of very small sells and buys today but MM's have kept back about 20% of the sells and have done for about the last few days. either because they are waiting to be given the nod on filling a very big order or on the hope there will be one.
The share price will rocket up briefly and then settle back down to begin its steady climb up. Those with a few shares will jump off when they have doubled their money. Those who have been here forever will either de-risk or have themselves a good idea of the out price.
Final SP oh boy this could be anything. When LP arrives, when new blocks are announced, when deal with DQE announced, when Velociraptor drilled and especially if it hits then yes as Ham says you will not be looking at dollar signs but £ signs but that is a big if. So let's settle for what we do know or believe we know.
Sometime ago when the price of POO was $55 dollars a barrel and dollar exchange rate was $1.35 to £ this share was estimated on the barrelage we had as being 29p tp 42p (i think it was ) now POO $80 a barrel and exchange rate circa $1.20 to the pound. Plus MB reckons that recovery rate will be double what was expected. If you were literally to take the top end of all these prices together this share could reach almost £1 before velociraptor. Personally i do not believe it will as most people will have bailed out from here long before then keeping the price down.
As SP x Share cap = Market Value. So what is a fair market cap once all these announcements have been made and are in line with expectations (another big if). So let us just run through this 20p would be £180m 30p would be £270m and 40p £360m. There is something like a 60% up lift in the exchange rate and Price of Oil so at top end this could easily be over £60 at the bottom end over £45p. So Personally i think a market cap between 320m and 400m is not way out of the ball park ie something like 35p to 45p. When will it get there no idea but it is unlikely to be quickly this share will be like the night buses. Sometimes they stop at unexpected stops for longer time than anticipated. at other times they do not stop at the stops you would expect them to stop at. I think it will get to 25p a lot quicker than some think how quickly it will move from their to 35p will depend on various announcements and how and when they are timed. GLA
There might be a big bounce coming?
Don't worry, the price will be a good bit higher today after the market closes! Sometime in the next remaining hours, the jump will begin. ... enjoy
Found this if it helps https://www.tender.gov.mn/news/result/?year=2023&tenderCode=undefined&page=1&perpage=100&sortField=&sortOrder=&get=1
Well looks like the Eco woman has one less thing to moan about in Dornod province, apparently Petro China have paid their massive tax bill. Only the environmental side now.
Jimi, from your post yesterday ref link to MRPAM active tenders, where there were numerous listed - ie more than 10. Just checking now on the link now and there are NONE, therefore imo that tells me they have made their decision. Hopefully news very soon