Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Not even close to the top of GoMs list to do.
Plenty of bankers on site today interested in real projects. To the extent could not even get down the shaft.
Back to UB in an hour and lots of investment groups on the plane.
Matad trust me needs to sort its own mess out as no one else is interested.
Gear on site 6p LP granting 20p Heron producing 40p, Velociraptor drilled and producing + more wells on the Heron site £1, + let's not forget PM made two discoveries but most of all we need LP this year, not sure how many days will convene in parliament before year end but hope we are near the top of the agenda GLA
Oooops: meant to say "beers"
If - and only if - all regulatory obstacles can be tackled/overcome within the next few weeks we will see the SP soar; from my POV the market will not care whether the oil extraction from H1 actually takes place this year or next.
2 bears or not 2 bears: THAT is the question.
Even better - let's hope you're right!
Just a my guess:
Any good news at all (gear on site) -around 5 to 10p.
Land permit granted - 10 to15p.
Any work to be done before winter -15 to 20p.
Full production underway (more likely next spring)- 40-70p
I am still hoping some good news this year.
Enjoy your day guys,
My thought is: Hope your rough guesses are on spot. Could actually be - pretty good guesstimations.
Some rough guesses on SP following expected news
Any good news at all (gear on site) -around 4p
Land permit granted - 8-11p
Any work to be done before winter -18-25p
Full production underway (more likely next spring)- 40-70p
Any thoughts or anything to add?
China’s Oil Demand Is Finally Bouncing Back
By Irina Slav - Sep 28, 2022, 1:39 AM CDT
China’s weak oil demand was one of the few bearish developments in oil markets in the last year, but it appears that is about to come to an end.
China is now slowly lifting Covid restrictions and data like airline bookings and road congestion point to better activity within China.
Refinery rates are also on the rise in China, and the expectation of higher fuel export quotas will only add to that.
Apparently they are buys. Someone may know some good news on the way!
You may never know about MATD. If LP/ H1 positive news comes then we all know what would be the share price.
Have a lovely day guys,
So what's the story with the (several) million+ trades - anyone?
Incidentally, the parliament shall convene on not less than 75 weekdays during a regular session in accordance with an amendment to the Constitution of Mongolia in November 2019. Now, the parliament’s autumn session begins on October 1 and the spring session on March 15.
From the recent RNS, Amendments to the Land Law are due to be debated in the next session of the Mongolian parliament and although this represents the best opportunity for an all-encompassing long-term solution. Autumn sessions in parliament start at the beginning of October wonder were we are on the list if PM are pushing really hard. GLA
Good to know that we may still need more years to get LP! However it is still good investment says it all.
A decent RNS would see this go well above 5p I would imagine / hope.
I would LOVE to get out of this quagmire at 5p PS & never look back!
It’s been years, it may be more years but there are a number of reasons as to why I’m still invested apart from being underwater lol.
1. Petrovis - Parent company with majority stake. Stable company. Large presence in Mongolia.
2. Mike Buck - I know, I know but he has found oil and has invested his own money into Matd. You could say it’s our money but he knows it’ll come good eventually or he wouldn’t have bought millions of shares.
3. This part from the last RNS that highlights that Mongolia NEEDS our oil. “ Mongolia has a high-profile project underway to construct a domestic oil refinery that will need Heron production.”
4. Our current mcap is £21m when we are sitting on a potential recovery of 60m barrels in Heron alone.
There’s a re-rate coming and that’s why I’m staying.
Best wishes
100% agree with you Ojay on your last post. I'll leave it there
curiouser: I agree that it's a WAITING game - as it's been for quite while. I'm not happy with that but it is how it is. The delays are - at least from my modest POV - due to issues beyond the control of MB and PM mgmt. It will take a while but PM will come good. This investment is nothing for investors with weak nerves and lack of patience.
ATB
If I were given to speculation, I would very much imagine senior staff were present.
Thie summation of the mining week (below) confirms everything that PM have been saying. Its just a w..a..i..t..i..n..g game.
As I understand it the next big decision due is the PC PSA contract renewal terms outcome. I hope that once this is sorted and the angry mob dealt with (either with incentives, compromises or tougher legislation - or a combination of all three! ) then things for us will roll into place - hence I remain invested.
However, we can explore all 'what if' doom mongering scenarios whilst we're waiting - and no doubt some will.
This from curiouserandcuriouser post earlier, In addition, within the framework of the "Mongolian Mining Week 2022" event, a "Responsible Mining and Local Area" conference was held to discuss the problems faced by domestic and foreign investors and seek solutions. Petro Matad must have had representatives at these meetings, if not then perhaps that's why it's taking so long, concerns them very much in my opinion and just show's a complete disregard to there way of doing business!?? GLA
In summary the first few paras are pasted below, but if you want to read the whole article just copy and paste sections into google translate. Personally I think this explains the situation better than conspiracy theories
https://news.zindaa.mn/4cdq?fbclid=IwAR1CdhWqyjKnw51ZQlxbAwd5GlM6lbEGBoCumNvPdn25E1uTV_IeREOG6mA
The "Mongolian Mining Week 2022" event of the mineral resources industry was held this week. One of the main problems that have attracted the most attention of the industry and are waiting for a solution is the resistance of the local people.
In addition, within the framework of the "Mongolian Mining Week 2022" event, a "Responsible Mining and Local Area" conference was held to discuss the problems faced by domestic and foreign investors and seek solutions.
S. Enkhbold, Head of the Exploration and Use Department of the State Mining and Development Authority, said, "In 2005, the number of special permits in our country was 5,913, and in 2022, it has decreased by 2.5 times to 2,564. But the share in the territory was 44.7 percent in 2005, and it decreased 11.5 times to 3.9 percent in 2022. "Also, the funds spent on environmental restoration and restoration have increased year by year, and now it is 34.2 billion MNT."
curiouser - excellent. Thank you for doing that. That's the sort of posiive action we small investors can and should be doing and sharing via these bulletin boards rather than the "trader agenda driven *****ing & moaning "!
As I always said MATD has given Mongolian government wrong message by keep saying they have been supportive!
MATD should starts criticising Government for not helping. That may help.
We can't just wait 3 years and still waiting for LP.
It is just a plot from government and perhaps MATD is part of that and MB is acting as scapegoat, period.
There are 3 problems here:
MATD isn't inform investors properly! While there hasn't been any progress they pay more salaries to themselves!
MATD keeps saying government has heen supportive which is absolutely not true. MB hasn't been in the country where he should which is very important.
LOCALS who didn't care about environment while explorations and now they are difficult!
MONGOLIAN GOVERNMENT who are supportive! They keep talking nonsense!