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Doesn't make sense does it. Seen it with this SP plenty of times.
Maybe the locals know and have decided to buy, some small trades gone through. GLA
I just had another look to make sure i was not going mad. So we have just over 1million shares bought and zero sold but the share price has gone down. I thought i had a chance getting back into the black today but this is a serious downer.
I NO A MAN NOD NOD WINK WINK
It doesn't make sense that the government has given an exploitation licence for 25years . And the locals can't see this .
I think it will be sorted . Just like when PM was drilling heron and it was stopped but was allowed to carry on after few weeks. Someone must have more power than local governor.
source please?
Completely agree - this SP doesn't make sense.
Definitely something has landed.
LP TO BE ANOUNCED VERY SOON GET IN NOW FOR MEGA PROFFITS
Amazing opportunity to get in or top up. Re rate fast asa LP landed which could be any time follows multiple news.
Let's see if history is repeating itself and we get to 35p+.
Enjoy your day,
I am looking at a sea of blue at the moment on the share trades but the price has gone down. Must admit i sometimes just do not understand this market. Being a bit naive i thought if you bought you forced the price up not down. lol
One other reason to look at here Is new acreage.
MB said he has plenty data on acreages PM is interested in.
This might be interesting and might take the SP higher once new blocks are signed up.
What it seems like to me (and others I'm sure) is a replication of the previous price, which again saw some healthy consolidation here a(very ) rapid push into the 5-6p region, followed by the next push to 9p.
That was in the space of only a few weeks.
We had no funding then and were still in the midst of Covid issues hence the drop back after the EL issuance.
We now are fully funded, $6M cash in the bank and with most of the equipment for drills already covered.
Velocuraptor exploratory drill permits & equipment in place, with Q1 2023 Operations expected to focus a bullish price trajectory for that alone.
We then have the Heron LP expected in early Jan 2023, as well as the multiple other news pieces, including the advanced partnership discussions with parties prominent in the Renewable energy space, looking to benefit for Petro Matad's in country experience.
What feeds further into the header is the very aggresive buying in the sheet, intraday dip showing an abundance of buyers ready to jump in on any price drop.
That also sees up for a more stable platform for the next price push up.
Regarding the 33p, that aligns broadly with the Progress Renav valuation (at the $66bbl oil price, which we're above now) and the next major technical resistance above the 9p level.
Also due to the price again having pushed from sub 3p to that 33p level previously and in a matter of a few short weeks setting up a historical precedence and technical indication.
Less shares then but more operationally advanced now with full field Heron development likely imo on an accelerated basis with the high impact on timelines / revenue allocation that DQE can provide.
A very bullish outlook for Petro Matas and its shareholders, with O suspect a very short time within the current price range and imminant aggressive breakout on the upside as we prepare to move into 2023 and multiple Newsflow.
Regards
BTW: There's a French phrase which goes:
"N'est-ce pas" which means "isn't it?" or "right?"
I guess that's what b/p was attempting to refer to. "n'est pas" (as quoted by b/p in his post @10.10 today) means nothing.
Not trying to be picky here - just making sure that grammer is correct.
Yeah nice try, but i didnt report your posts, but i guess you're good at jumping the gun and making incorrect statements!
Off topic but worth the observation, replies not required.
You went private (jumped the queue), got complications, private sector couldn't wait to dump you back onto a hard pressed NHS and in your own words jumped the queue again. The private sector should be bearing the cost of your recovery... What a mess this increasingly selfish country is in...
Same as last year:
No LP (and even if obtained still eco-warriors to contend with)
No agreement with DQE
Possible (20%) wildcat drill
Burning cash.
If you don't like the message shoot the messenger n'est pas.
Again, no real argument from bitterprophet as he has no actual knowledge or facts. Hes just here to try and make everyone else as miserable as he is. But luckily for the rest of us smart investors, we are still here and watching our investments go up
Ha thats all you can pick up on, wow you really are grasping at straws now! Can't actually deny what i said, so pick up on spelling/gramma, always a sign that you're losing an argument
Ticking up 3.70 paid
Oh look, the bitterprophet is back. Only here to try and make people as miserable as he is, after he sold at a loss! Said he wasn't going to post on here again......guess he can't do anything rite......
Agree Hamm. I will stick with what I believe. I do not disagree with PV in his factual posts only his query ref Bowley who I am actually pleased we have on board. Yep we move on
Hopefully 4p before Xmas and LP in Jan and we can all also move on
Let's move on guys. It is very difficult to get any quote! Something is happening.
Hope we can break4p soon.
Dozzawba, the FB protester relayed back that she was contacted by someone, claiming to be the wife of Richard, a shareholder in MATD and advisor the Govt.
That doesn't prove anything at all.
We know bribery is rife in Mongolia (and many other nations).
However, we don't know that's the specific issue regarding the LP, even though it may be.
People may agree or disagree with my own assessment of the investment but my reasoning is transparent and can be independently verified accordingly.
I always ask people to do so.
As soon as we start ascribing insider or privileged info to any individual posting, that BB then really does become the 'Wild West' of information dissemination & analysis.
We saw the dangers of that with the previous in country poster, Spanish.
Although I agree with you re: the LP issuance likely in Jan, we'll have to (respectfully) disagree on the issue of posters presuming or claiming to have insider info.
It's makes for a very dangerous environment, where info cant be independently corroborated and leaves the BB open to abuse.
Hope that clarifies my position.
Regards
PV we all have our own opinions, but think you are wrong to question Bowley's credibility.
I said I have been in contact with Bowley for weeks, actually it's months. Bowley confirmed to me on Oct 30th that his wife had contacted the FB Activist to try and engage with her.
44 days later the FB Activist posted about the wife of Richard had contacted her. Her husband who is a shareholder of Matad and advises the Mongolian government. Think that says it all to me about Richard Bowley's credibility.
As I said I want this to come good for all shareholders. I have been in touch with everyone regards the issuing of the LP. Matad's Brokers, consultants the UK Ambassador Philip Malone. Mongolian MP's who are on Twitter. I follow every Mongolian news outlet on Twitter and FB.
If people can't read between the lines of what has been happening here then they are blind. Corruption on a huge scale happening at the moment ref coal theft. 12 days of public protests, big announcement in parliament tomorrow. People in high positions are going to be called out. Laws changed this week in parliament ref corruption. If convicted up to 20 years imprisonment and banned from working in public life. With all this going on regards coal fraud. Think about it. Matad discover oil - millions of points worth of revenue for Matad and more important the Mongolian government. 3 years down the line and still no LP. Why not. It makes sense, great for Matad, government and the locals in Dornod province. Who in government is holding this back. Someone who wants a pay out, more corrupt politicians. The Mongolian government are trying to sort out the coal theft corruption and they need to. They won't want further corruption down the line within the oil industry.
So imo I expect the LP to be granted in January before close of the Autumn Parliamentary Session.