The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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· The Company has had its application for land access for 2024 operations approved by the Matad District Committee. A land use agreement is now being prepared which, once signed, will allow 2024 operations to go ahead commencing with completion operations on the Heron 1 well.
It states this means work can begin whilst special purpose land is going through…….so this is all good cautiously.
"Heron 1 and the other locations that the Company wishes to work on in 2024 are not within the overlapped area."
Yep I am also reading that heron can go ahead in that RNS
Today, on 28-02-2024, the Matad Sum Assembly Council approved the granting of the land requested by PetroMat LLC regarding land management issues. 16 representatives participated in the meeting and 14 representatives voted in favor and 2 representatives refused. PetroMatad, a foreign-invested company registered abroad, was fully granted the right to receive the wealth of Matad‼ Mongolia‼.
That has nothing to do with Heron. Read the rns again !!
Now we know: it was indeed a pump and dump.
Still hurdles left: governer... China....
But not all bad... they can start preparations on site.
So closer but still not clear
I think the markets just realised this isn't a done deal yet, SP falling back as quick as it rose.
BIXY - explain why this is positive?
Doc why don't you open a short then i dare you !!!
This is going to happen now
Well done holders
We are NOT good to go.
WOS, apology?? This is more delays.
Do they get to go ahead with Heron1?
Struggling to make sense of RNS?
Land of special purpose not through, but locally it is?
So are we good to go or not?
Honestly, this is not a good RNS. I would not be surprised to see this at 2.5p today once everyone realises.
More spanners in the works, when will it end?? GLA
Doc, you beat me to it.
But it still isn't signed! Read the RNS.
I wouldn't get too excited just yet, still hurdles to cross it seem to me.
READ THE RNS CAREFULLY as ts a mixed bag.
Special purpose certification still NOT signed as Dornod Governor who had raised further objections regarding overlap of land issues.
*The continued refusal* of the Provincial Governor to sign off on a Tripartite Agreement which has already been approved by the Ministry of Mining and Heavy Industry (MMHI) and the Central Land Agency has been raised by the Company with all relevant agencies and also at the highest levels in the Mongolian Government.
*We are hopeful* that the Provincial authorities, who are holding up the Special Purpose Certification of the Exploitation Area, will not disrupt in any way the District's approval process, but we remain vigilant.
The Governor is still withholding his signature, now on the basis of a partial overlap of the Block XX Exploitation Area
It goes on!
WOS, apology???
Well done to REAL INVESTORS!
"Soon" & "Any time now" are Opinions on what they mean. For me soon does not mean straight away.
When I give Dates I am 100% Correct TO THE DAY!
Be Wise & Focus on INVESTMENT - It is very best one on Aim.
Goodbye! 🦉
Now you believe me
At long last.
RNS
Master we know you're not Wos.
But if you have some very good news why not give it now .
You will make an instant prof6on your buys this morning
Actually when I recently 'recommended' my Son to II.co.uk for an ISA they put £200 in a trading account for me.
So that's a little Brucey Bonus for me perhaps. Just put it into Matad.
Every little helps and if I sell in April I won't have to worry anyone about CGT and might have a nice little bit for a treat.
The ISA stays for Heron and Renewables and the big money!