Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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JV seems to be absent - is Hamm his deputy? haha
I am..
Good buying Master you must be in the millions by now.
Back in at 5.1p
Someone dropping price with minuscule sells. Someone wants cheap shares.
Hold guys do not be tempted.
$6m cash in the bank,
Ministry of mine has already promised to grant LP. Expected by the end of January,
Heron1 can be operational within a 2week workover follows by H2,3,4, etc,
Skilled workmen are in Mongolia,
Equipment are already in Mongolia ready to be dispatched to the site,
Drilling/ workover can be started at any time from March/April,
The cost of well is the lowest in the world, less than 1.2m,
DQE is potentially massive catalyst to magnify and speed up H1,2,3 etc,
Renewable JV with potential partner/ contractors with IMF/MG supporting green energy,
All in all MATD is in great shape and as other guys rightly mentioned here the fair value share price should be much more.
China board has opened to foreigners.
Guys the game hasn't started yet and lucky investors who have cash available to top up or get in at this cheap bargain price.
This is a real multi bagger from here,
Relax and enjoy the climb,
I ain't got much faith in velociraptor if I recall it's a low percentage of hitting oil? However the current find yeha
Been thinking the publication of the drilling rights on Tuesday is just public official information. Surely all the successful applicants would have been informed by post. So confirmation letters would have been sent out at time of decision as it would have to have been confirmed officially and you cannot have a newspaper as official confirmation. So on that basis MB already know but cannot say until made public. He should have had time to get the RNS done and ready to come out on Tuesday morning. Mind i have been completely wrong on my thinking before and probably will be again. GLA
Research what's coming, land permits, velociraptor drill both will multi bag the share price
jonesy229 - you started a brand new thread just to write that? You can just reply to the existing thread and keep the BB tidy.
Curiouser - MB can blame to Mongolia government again if it’s delayed for whatever reason. 3 months from October… hmm. We’re all but there. Why does everything have to go right to the wire?!
not long to wait
//As it stands, there is no LP. And I don’t care what various Mongolian reps have been quoted saying… I’ll only believe it when I see it.//
This was my initial view but the reputational damage to MB and the company if it doesnt happen is so great, I decided that MB would not have come out and made this statement if he thought there was any doubt it would happen. Just my interpretation fwiw
Judo.
I'm confident due to the recent interview . As long as the local governor does not have the last say then it's all good.
Plus block 5 going ahead
I was winging about MB not doing anything but chasing paperwork and not getting anything else done.
MB has wasted few years of my investment.
Not a bug fan of how he operates
JODO and Doc83,
Completely agree with both of you.
JODO - sounds similar to Hamm!
As it stands, there is no LP. And I don’t care what various Mongolian reps have been quoted saying… I’ll only believe it when I see it.
Master
You're a bit of a puzzle! Sixty odd posts this year already and we're only seven days in: all optimistic and positive, and showing a lot of confidence in what the company say.
I hope you're right in all this because I've a lot at stake too.
However as I recall, and I responded once, about six months ago you, as frequently, pushed a gloom and doom message with a total lack of trust in the good faith and competence of MATD management.
Has that much changed in the interval?
I recon
8p by end of January
13p by March if block 5 is getting drilled
18p April once all issues are sorted and rig mobilised.
25p once Heron up and running.
What’s your thoughts tho regarding share price forecasts per months
Currently it's costing £4mill per well and PC is paying £2mill for multi well programme..
I wonder how much PM will pay considering they are partnering up .
If things go to plan which I'm confident it will . We are looking at healthy profit by 2024.
Negotiations with DQE Drilling ("DQE"), the main provider of drilling services in Mongolia, have continued and a contract for a multi-well development drilling programme is in the final stages of discussion. The contract envisages a reduction in drilling costs and deferral of some costs to allow a portion of the drilling expenditure to be settled from future production revenue. The contract still needs to be finalised and agreed with DQE and then with MRPAM, but the cost reductions and payment phasing could significantly improve project cash flows and overall asset value since the largest portion of the Heron development costs are drilling related. MG portion is whatever the PSC agreement is plus royalties. The next operational update RNS I would have thought will elaborate. I anticipate we will know all by end of January "hopefully. GLA
Assuming the LP comes through next week what do people think would be a good / fair deal with DQE and roughly what form will it take. Ie cash plus drilling costs for share of income. or will it be drilling costs only for share of profits. Also how wells would be anticipate in first year.
Also would ;people know what share of revenue do MG get and whose proportion would this come from ie do we pick up the whole tab or is it split between us and DQE. Any thoughts on this.
it opens in 2025 its 2023 now they have to have the feed stock in place if not from petro matad where else area they going to get it from
they need the oil for refinery don't borrow a billion dollars from india to have the thing running of half capacity
If you listen to Mbs interview when PM found oil.
PC hasn't developed the south side because they didn't want PM to find oil.
They are only giving information because the ministry of mining has told them to share information.
That's my view