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Glad my recent holding to be back in the Blue.....but holding for the pluses already discussed.
Did ok trading this since last July...so got a good 0.85p average now.....Thanks to mainly Mr. Positive and indeed FairAnalyst here for posts to whet my appetite...GLA
I don’t understand what is your gripe.First of all your name,hardly inspiring!I’m personally very pleased to have positive posters on this board,what’s wrong with that.Yes things might all go pear shaped,but the fundamentals look good.If you’re an oap hoping to make a little extra cash this is probably the wrong share for you.
Also as part of Farming-in you get to recover previous costs incurred on Block V. So more Cash comes in the bank.
Very exciting times ahead on both fronts:
Block XX and Block V.
4.17 paid
This is very interesting timing for 50 Top multinationals coming into Mongolia with its massive untapped resource riches.
PSC terms are highly attractive while drill costs per well are so low.
Could the US, European or Aussie Oil majors looking in to Mongolia's vast untapped Oil potential. Block V farm-in could be on the cards while Petrochina/ DQE take Block XX forward.
We should be pushing 4.5-5p by now.
The potential here is amazing.
GLE
and it's actually 1021 posts - you'd think he'd get fed up unless he has an ulterior motive!
I'm just an honest Joe pensioner dabbling in shares in a small way for an interest & hopefully to make a little profit. I wonder what FA's back story is. You don't just jump in from nowhere & start posting like that. Maybe he had previous name - if so why change? He won't tell us (that's his right) but I do wonder.
this IS his day job - probably pays quite well!
Member since 20 December 2021, posting 690 times (15 times per business day), predominantly Petro Matad and Evraz. One does wonder whether this keyboard warrior has a day job and employer?
Mongolia eases entry requirements – What travelers should know
news.mn 2022 03 22
One more country has joined the worldwide clamor to remove entry requirements in the past few days, with Mongolia now completely removing its entry rules for travelers.
In doing so, Mongolia – located in Asia – has become the 17th country around the world to remove Covid-19 related restrictions, and return to ‘normal’.
Compared to last year, 2022 has been a much brighter one for travelers, with a growing number of worldwide destinations taking steps to make it much easier for travelers to visit once again.
Located between Russia and China, Mongolia is a melting pot of culture and history that travelers heading to the country can experience at every corner of its vast expanse – and it’s suddenly become extremely easy for travelers to be able to enter.
Mongolia has now joined the ever-growing list of countries to completely remove their Covid-19 related entry requirements, making visiting the country a much more affordable and attractive proposition.
Mongolia’s government updated its entry requirements for foreign travelers on 14 March 2022, with the new rules coming to effect from that date.
The update now means that all travelers, regardless of age, vaccination status, or country of departure, will no longer have to take a PCR or rapid test to enter Mongolia – nor will they have to test upon arrival or go into quarantine or self-isolation.
The update comes just a few weeks after the country opened for the first time in two years. Of course, travelers may still have to jump through some hoops in order to visit. American travelers don’t need a visit in order to visit for less than 90 days, whilst Canadians can stay visa-free in Mongolia for up to 30 days.
Flights may also be longer than usual given the restrictions over Russian airspace as a result of their invasion of Ukraine.
what was the other short-term opportunity, out of interest?
This is possible but it all depends in my view on who the big players waiting to come into this share and that is going to depend to a large degree on what the next RNS is likely to say. At the moment there are probably a number of us who have a million shares and probably a bit like me bought bit by bit when we can afford to buy them. But i reckon there will be some really be some far bigger players wanting to buy several million in one go come in on the basis of the RNS (assuming good) and then there may be even bigger players come in when the oil starts coming out of the ground. So yes depending on RNS and who is and who is not involved and whether any of the big fish start to discover and re-discover Mongolia we might be into something that might get really hot.
goodness how i wish you will be right. Only time will tell. At the moment we seem to be stuck around the 4p mark and that is the stop losses being sold off i assume. Once they are all cleared my reckoning it is on wards and upwards till the next of stop losses.
As regards dividends i would tend to agree with another poster who said not in his lifetime although i would not be quite so dramatic as i hope to live a few years longer than that but unless something exceptional ahppens very quickly no there will be no dividends. Firstly the company has to get rid off all its negative reserves on the balance sheet. A company cannot issue a dividend that takes reserves negative or whilst there are negative reserves. Also it is amazing the number of times a company gets to positive results how the BoD suddenly remember the pay rises they have forgone and the bonuses they should have had but never did. Then us shareholders will have a look in. So yes probably not in my holding unless we do a major farm out.
Block V with proven active petroleum system and similar geology to Blocks 19, 20 and 21 is home to potential multi-billion barrels.
Farm-in may be from one of these 50 Top multinationals for Petromatad Block V ?
You never know.
Very interesting indeed.
Mongolia has been largely untapped. PETEX conference back in 2016 estimated around 90 Billion barrels STOIP in Mongolia basins with similar geology to the multi-billion barrel oil basins of China (Jungaar / Erlian / Hailer). Not too sure about the 90 bln barrels but i would be happy to settle for just 10 billion barrels.
Only oil production to date has been from the Eastern blocks in Mongolia, Petrochina blocks 19 and 21 and soon to be from PetroMatad Block 20 (Heron). We still need to follow up Gazelle discovery.
Terrier
In my personal view this could jump to 20p with follow up buying on DQE agreement. This got to 5.10p pretty quickly last month from same current levels as now based on just Heron-1 production.
That was before DQE came into the picture. DQE can fast track upto 10 drills within next 12 months timeframe. So the equation changes quite significantly to the upside in my view.
Old Hebredian your action has done the MATD sp good, please sell the other half of your holdings !
Could take a rapid run up to 4.5p now.
this moves very quickly.
Thank you
But I can’t fathom selling at this point as this has major news round the corner imo
Gl with your investment and hope you can get back in hear ,
Last week I bought my first £10k pretty easily
From 0815 this morning I could not buy a bean until now that just showed me how sticky the shares
GLA
Bad timing matd live price now 10% up, sooner or later this will just leave the station on the hurry
Thank goodness you sold some coz MMs been pretty low on stock.
Its propestorous that we could not get Buy quote for even £250 worth.
Managed 2 buys of £5k at 3.93 and the other at 3.98
I’m Matd up now
GLA
thanks!
I have today sold half my holding in Petro Matad temporarily to take advantage of another short term opportunity. What this means is that in the next couple of weeks Petro Matad will issue positive news which will take the share price beyond the level of cash that I will have once I am ready to re-buy my Petro Matad shares. That assessment is at least as scientific as most other analyses I have seen on this board.
can only buy 25k at 3.9p before NT