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4.2 order hasn't been filled yet. I must be in a long queue.
Can sell 4.11p
This is very new/ strange that we can sell millions with no limits.
Some guys apparently know the news before us!
All in all it seems we are getting to pre placing price before LP landed.
As stated yesterday, the support isn't just small investors.
News filters first to those with connections.
GLE
It is coming fast. Up it goes.
4p broken. Up and away. 6/7p please
Change of big figure 4p paid
with better than wildcat COS", having an already established working petroleum system, mitigating some risk.
What really attracts me to the MATD investment case, is the broad risk profile with that Exploratory component offset by the Production component of Heron, further amplified by the major low cost / offtake based scalability DQE offer and additional Exploration / Appraisal upside of the huge multibillion barrel Tosun Uul basin.
MATD is perfectly positioned as it makes that fundamental transition from Explorer to Producer, with a fast track growth strategy already built in going forward.
I'm going to post somewhat infrequently henceforth, as the investment case speaks for itself for those willing to assess it independently (which I hope everyone does).
It's essentially a Win/Winfor shareholders going forward IMO, hence the bullish sentiment attached to the stock and price progression expected, as stated in the header.
It was certainly worth the wait and should play out very well for shareholders going forward, as newer buyers come in strengthening the platform for future rises and as we start to move into a very condensed Newsflow period.
Also good to see a lot of the previous bears on board now, as part of the wider concensus recognizing the shift in operational diversity / outlook that the investment now presents and the major ROI we can reasonably expect, holding MATD stock.
Regards.
I hope everyone had a great Xmas and that we can look forward to a prosperous new year.
Regarding that latter sentiment and feeding into the MATD investment -
There looks to be an immanant price breakout, very closely following the previous one from sub 3p to 9p and prior to that the further run to 33p.
There's no major resistance level between 9p to 33p, which incidentally is very close to the 29p RENAV calculation at the discounted $60bbl oil price.
Somewhat more shares in issue but very significantly more operationally advanced now and with full funding in place, as opposed to the lack of on the more recent run to 9p.
This moves very aggresively and I expect the same building now, as we move into a heavy Newsflow period.
Points to consider / Newsflow due
1) Well Funded - Over $6M in the bank and well covered for operations. Mike Buck stated that Petro Matad is in a "very strong cash position", when directly asked about any possibility of a raise.
2) Land Access - Special Designation should be fixed by the end of Jan, as confirmed by the Minister of Mines in Oct, hence ANYTIME within the next approx 4 weeks (refer to Mike Buck's recent presentation).
Previous delays due to the Govt looking to resolve the issue at local level and in line with new legislation introduced in 2017. Now moved away from that and involving themselves directly, hence the Mining Minister's comments. Mike Buck & the team are in direct contact with relevant parties and expect it to be "any day now."
3) Timeframe for Heron - Chinese workers back from holidays in March/ April but many will be staying the Winter in Mongolia, so a good chance to get the Heron Workover commenced as soon as the Special Designation comes through.
Velociraptor - potentially "transformational" for the company AND country. $1.5-2M, high impact / low cost well. All permits & equipment IN PLACE & FULLY FUNDED, ready to drill in Q1 2023.
4) Contracts with drilling contractors on very favourable terms to Petro Matad, as per the presentation.
5) Renewables - Advanced stage discussions for an advantageous JV deal, with talks expected to be concluded very shortly. We had a visit from the World Bank representative, focused on supporting the Renewable sector and its proliferation in Mongolia.
6) DQE deal well advanced and highly advantageous for major scaling up and realization of Petro Matad's potential, with massive shareholder value by extension. I suspect that's already a done deal subject to official confirmation on the LP issuance (refer to DQE stated strategic aims, existent working relationship with Petro Matad and ongoing discussions with PetroM, linked with MBs comments on partnership).
Although we expect the Special Designation Land Permit to be issued any day, the potentially massive Velociraptor drill scheduled for Q1, should act as a very potent focus for investor interest going forward.
In MBs words, "a wildcat drill
We might get to 6p+ before LP landed and then double soon after.
With multiple news follows this could get 10 bagger from now on.
Exciting time ahead.
I had no problem getting a quote to sell nearly 10 million shares this morning, albeit I had to accept a bit below the quoted price.
Mongolia looking for foreign investment . This is their opportunity to show that they are willing to work with companies even though they have backlash.
They can't refuse PM. They have paid for a license and they have granted exploitation license.
Big test for Mongolia. No companies would invest if mongolia don't have control if their land
It is premature to sell it now after going through hell. This could be 10 bagger.
In 2017 the share price went to 36p. MATD had no oil and oil price was nearly half of it is now. MATD has proven oil. It has cash. Oil price prediction to 2014 is $130. What can go wrong when we get LP!
Hopefully re rate is happening soon.
I could sell 2.5mil this morning without any delay. Good job I didn't..
1p to 30p in 2017 in a couple of months.
Today I got quote to sell on a million share but couldn't get quote to buy. I wonder if it is multi big orders.
Something is brewing! Somebody knows sth? LP is landing soon?
Difficult to predict this share.
As master said rightly enjoy the ride up. You never know 20p+ sooner than you imagine.
Also new blocks which PM has some valuable information.
4p tomorrow. I think 6p possible before any news.
Market knows nothing will happen till spring so it's just momentum building up before the season ..
It Repeats every year
Just enjoy the ride up and make money
It was 9p last year without velociraptor. And had no money either.
Not certain if any have realised that the CoS for The Velociraptor well is just 20%
If they do strike oil then has a huge NPV value - but an 80% CO failure
Any news regarding LP?!
Greetings from the minister of minerals and oil. On the occasion of the 83rd anniversary of the establishment of the Geology industry in Mongolia, the geologists, scientists, and researchers of all generations, who opened the source of mineral resources and dedicated their intelligence, knowledge, and hard work to the development and future of our country, all the employees and colleagues of the Government. I would like to extend my sincere greetings on behalf of the implementing agency, Mineral Oil Department. Since 1994, trends in geological research, organization, form of ownership and financing fundamentally changed and re-approved in 1997 Geological exploration according to the Law on Minerals A legal framework has been created to carry out the work with private funds is. 14175 throughout Mongolia during this period a special license for exploration has been issued and a total of 2,988,998,553.2 (Two trillion, nine hundred and eighty billion, nine hundred and ninety eight million, five hundred and fifty three thousand) MNT has been spent on exploration work. 3,216 reports of the results of exploration carried out with the funds of private sector investors were discussed by the EBMZ, and 1,128 deposits of 14 types of metallic minerals, 347 deposits of 25 types of non-metallic minerals, 341 deposits of 9 types of common minerals, and 13 deposits of 3 types of combustible minerals were discussed by the EBMZ. taken and registered in the Mineral Resources Fund of Mongolia. Among these deposits, I am happy to point out that the discovery of the world-class Oyu Tolgoi copper deposit in the territory of Umnogov province is a proud event for our explorers. Total exploration and exploitation in Mongolia as of October 19, 2022 2557 special licenses are registered. 4.1 million ha, which is 33.1 percent of these special permits 848 special exploration licenses covering the area are validly registered. This is 2.6% of the total territory of Mongolia. Out of a total of 39 oil and unconventional oil fields in Mongolia, 9 oil fields are being explored, 6 fields are unconventional oil exploration, and 4 fields are under oil exploitation. PSC period has expired and 15 fields are being prepared to be declared open to the international oil community.
As a result of the exploration work, oil fields were found in Toson-ul, Tamsag, Dzungbayan-Tsagaan els, and Matad fields.
Oil was discovered in the Galba XI and Khokhnuur XVIII exploration fields after opening the deposits and evaluating the reserves in the Galba XI field in progress Providing ample opportunity to carry out geological prospecting in areas approved by the government and attracting private sector investment in this area have been set as a major goal and challenge for us. The innovative ideas, initiatives, and creative work of the entire industry community are responsible for realizing this goal as a practical task and overcoming challenges.
It is not inconceivable that we could get news. I think very unlikely but we could get news officially and also unofficially. I am not even sure if we are entered for this round of Auctions for areas to explore but with news happening at midday Mongolian time that would be 05.00am uk time. So with 07.00 as start time that would give MB 2 hours to compose an RNS or have one written. The reason i think it unlikely is that judging from RNS's we have had recently it takes will skill to write so many words and provide so little information that it would take our PR company a lot longer than a couple of hours to produce that. But if someone here has access to that website and speaks Mongolian they may give us news unofficially so to speak while we wait till we get to the following Wednesday or the RNS with no information in a thousand words.
Realistically this should easily hit 10p with heron plus velociraptor, well once Erin is online we should be looking at 20p plus
I am not sure it is the land permit, unless something gets lost in the translation, but it mentions exploration license and not exploitation license, which of course we already have. I am wondering if this is the issue of new exploration areas that the government are auctioning / licensing off. If it is the land permit great but i have a feeling that will not be far behind if not done around the same time.
T54 , I agree. You don't want to be short over the coming weeks. ATB