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Thank you
Facebook. Goodway to get info from mongolia is Facebook.
It’s obvious I’m a more bullish MATD investors, so please don’t take this the wrong way master82.
Where did you find out about the local conference?
There a local conference on the 29th .
Matd must have solid work plan to hold this conference.
No rush guys. MATD needs time for this serious deal! I reckon next RNS September.
But 'definitely ' oil out in next year but surely when refinery project is ready.
Enjoy the sunshine guys
Thx for that post Spainish.
As I mentioned yesterday I have the feeling that if - BY THE END OF MAY - PM doesn't announce it will get started (extracting oil from Heron 1) PM and its investors will be in trouble.
I am convinced that PM will not need that much time.
ATB
This has got to go at some point.
It’s either very close, or we are all going to be here again next year.
The market in Mongolia is beginning to recover, the PM is pushing FDI as well as anti corruption, the borders to China are beginning to open with the Justice Minister pushing the topic, which creates a platform for Matad this year.
News by the end of April and we are in good shape. No news by this point we could be looking at 2023.
https://eguur.mn/279043/
Google translate, a brilliant tool to find information
It is a win win guys!
Drilling this year shares double figures.
No drilling this year shares 2p or less BUT opportunities to add more for next year or year after!
What isn't to like. Patience required. Max a year or 2 perhaps 3 or 4,But oil is there down under.
Have a great day guys
"How many drilling seasons is MB intending to miss ?"
The answer is he intends not to miss any. Hope that helps.
And EXR.AX has been drilling progressing their assets throughout the last 18 months
How many drilling seasons is MB intending to miss ?
GL Oilf.
All AIM shares are a punt, but there is measured risk (extracting oil you have proven to be there) and off the scale risk (drilling for oil that, typically, may not be there- there is a low chance of success on exportation )
Ad for lies, I have seen lies from the derampers. A classic was suggesting the workover crew can not do their work before the permit is released for storing the oil in a tank. I did notice that post was removed/deleted after realising the lie couldn’t stand up.
As I say, AIM is a casino but you can pick safer bets, which I think MATD is one of
You keep spouting lies FA. Myself & probably the others with less than rosy view ARE holding shares - maybe not millions like you but certainly significant amounts.
I backed my horse in the National. I didn't expect it to win but I hoped it would and was prepared to risk a little to maybe gain a lot. MATD is a similar punt.
There is also the word "try" to report back early Q2 (which I take to mean the 1st half of Q2 so hopefully within the next 16 trading days) However granting a little wriggle room due to the word. "try" then we shouldn't be anxious about no news until early June imo
Spainish, as you know there is no news until the DQE and MATD working group have concluded negotiations. From the RNS of 25th February 2022. "The parties have set up a working group to determine urgently how cooperation could work and would try and reach a conclusion early in Q2".
We all wonder the same Spanish…all I think is this is the calm before the storm and when MB does drop the RNS it’s all hands on deck as the SP surges towards double figures.
As I sat here this morning watching week two of April blend into week three, and whilst reading the local news, I could not help but ponder why lesser experienced groups are all busy will either drilling programmes, attracting big Chinese investors, or at the most senior levels keeping the media and their company shareholders informed. Just asking why ??
A couple of small articles from this morning below.
ION Energy kicks off site visit with CEO Ali Haji and technical advisors at its Mongolian lithium operations
"Now that borders are fully open, I'm delighted to have foremost industry experts see our projects firsthand and work with our Mongolian team to kick off the next phase of our fully-funded exploration programs,” CEO Haji told investors
April 18 (Proactive Investors) ION Energy Ltd said its CEO Ali Haji and the firm’s technical team have landed in Mongolia for a new site visit at its Baavhai Uul and Urgakh Naran lithium operations.
The company said that Haji is in Mongolia for strategic site visits from April 16 to 26, in anticipation of sharing plans with the market for ION’s pending drilling programs, ION said in a statement.
Haji is accompanied by senior technical team members, including director Enkhtuvshin Khishigsuren, with 30 years of Mongolian mineral discovery experience, lead technical advisor Don Hains, and geologist Mark King.
"Now that borders are fully open, I'm delighted to have foremost industry experts see our projects firsthand and work with our Mongolian team to kick off the next phase of our fully-funded exploration programs,” CEO Haji told investors.
“Our preliminary results have reinforced the long-term lithium potential at our Baavhai Uul project and Urgakh Naran projects, as we strive to play a pivotal role in Asia's battery metals supply hub. I'm really excited to provide updates from Mongolia, over the coming days.”
ION told shareholders that the visit also gives Haji the opportunity to personally thank the dedicated exploration team members for their commitment and flexibility since the onset of the pandemic, in furthering our maiden drilling program at the flagship Baavhai Uul lithium brine site, while keeping each other safe and healthy.
Haji and the team will host a "Live from Mongolia” 15-minute shareholder summit on April 25.
ION's flagship, 81,000 hectare Baavhai Uul lithium brine project is the largest and first lithium brine exploration licence award in Mongolia. ION also holds the 29,000 hectare Urgakh Naran lithium brine licence in Mongolia’s Dorngovi province.
Xanadu looks to Zijin for Mongolian marriage
April 19 (MiningNews.net) AS WESTERN companies stand on the sidelines, Xanadu Mines has signed a staged circa-US$43 million deal with major Chinese copper producer Zijin Mining that aims to result in the latter having a 19.99% stake in the ASX-listed company and formation of a 50:50 joint venture company holding Xanadu’s current 76.5% stake in Kharmagtai project in Mo
Badprophet
Heron asset valuation @ $60/bbl is circa $250m.
At $100/bbl you get 67% uplift. I calculate that to be around 36p a share.
Excludes Velociraptor and 2 other Block V prospects with another potential 600 MMBO recoverable.
If each of 3 Block V prospects (200 MMBO each) also come through, then we could get valuation at or above £1.00 given only 898.5m shares in total
PetroMatad and DQE working on arranging the mechanism for sharing oil revenues from Heron production as per last RNS.
i.e. how much will DQE be looking for in Oil as a cash equivalent for drill costs etc. I dont know the exact cash/oil split. But thought that was pretty obvious where we are at.
Additionally MATD waiting for quote from DQE for drilling Velociraptor.
All I can say is be prepared if that is the case. I see it as a win win, bad news, price goes down buy more because it won't languish at this level for ever, eventually the oil will come out, good news, price goes up happy days ;-)) GLA
Another ugly nasty unpleasant news seems on the way!
That is MATD I am afraid as always.
Guys
We have not been told DQE is actually on board have we. In fact there is little more known than when the placing was made last year at 3.5p so maybe that's the current value.
Why do we need to build a nodding donkey when you can hire/rent / purchase one. DQE should have their own collection of nodding donkeys.
Can understand the frustration. Hopefully we should get an update soon.
As someone who works in oil and gas (geologist) the answer is never
How many oil producers build their own donkeys. I would have thought they would buy or rent in the donkeys from an outside source so why cannot we.