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Dozz. Thanks for posting on the fb page. If you use Google translate you can translate into mongolian then cut and paste.
Researchandhold said //BP is like a stain on humanity//
It's simply a "holding" RNS that doesn't indicate any real progress. The silence was becoming embarrassing - he had to say something. Unfortunately the deal to enable Heron production to commence is not yet done. And there's nothing in it about PC/DQE cooperation.
A little local pressure by herders would do no harm at all to Petro Matad's cause.
Problems are slowly being overcome and progress is being made.
As it stands right now we've got what we wanted and what we needed.
Oil transportation being discussed with Petro China.
Oil=money=share price re-rate+++.
The risk:reward ratio has moved more so far than the share price I think.
Aeschylus the steps presented 19dec are out of the Window.
Today new steps and promisses. Can it work ? Ofcourse! Will it? We will find out in few months or years
But what if the final signature was released Monday morning is it worth the risk?
I know how the post office victims feel now. Everywhere you turn there’s red tape and corruption
I’ve sold half at 3.7p. 10 years I’ve had them.
Try my luck elsewhere coz I’m running out of time
Must say IMO, obviously I'm not a fan of MB, but I think he has played a blinder with the Dornod governor. This p*ick has obviously been the problem, and now MB has publicly stated it as a fact and also now given the flimsy, weak reason he is now trying to use to stop PM. He has been backed into a corner and made to look stupid. By working with the Matad District locals has worked in our favour. I believe this is just a formality now before all is sorted and we will be all systems go. The District governor is up sh*t creek without a paddle.
Master think your post forced MB's hand to release RNS pre Monday. Well done
Also I have posted on the FB link ref explaining who PM are and had a response back from one of the posters to translate into Mongolian. First time I have ever had a reply.
No mention of the compensation for herders. The last RNS set out a road map which included the signing of the tripartite agreement. If the governor is not signing the tripartite agreement then does this mean that the herders are still not able to receive compensation or will move?
Roxy - Indeed. I would be more confident had we not been here many times before. As it stands right now, we still can't do anything and more paperwork needs signing. And we know how long signing paperwork takes in Mongolia!
I think the prospect of a 3pm 'reveal' live on the board might have had something to do with it?
I dare say it had already been drawn up but a 12.14pm release time is one that's faxed across 'for immediate release' rather than waiting until 0800 Moday AM or after hours Friday.
And well done too.
It would have been nice to have the tension of a live 3pm 'reveal' but this way any investor with an RNS notification could benefit simultaneously.
Very fair and professional Mr Buck.
When was the last time PM released an operational RNS in the middle of the day.
Dirty playing by PM.
Misleading Investors.
Well let's look at it logically.
If this RNS is clearly implying that drilling has no further hurdles than this SP is way too low and the stock is undervalued .
There is a possibility that something is not crystal clear and one or more hurdles need to be overcome
GLA
If it was about logic, or justice LP would have been given years ago..... this is Mongolia
Growmorecash : which part of ;
" At a meeting of the Matad Citizens' Representatives Committee at the end of February the Company's application for land use in 2024 was approved" don't you understand ?
And we will get AGM announcement now soon. He has given people enough hope again.
Small step forward. Nothing more nothing less
Reading it again, it doesn't sound as though the governor has a leg to stand on regarding this land overlap issue- and that's on two counts ;
1) State Special Purpose Designation status overrides designation of provincial "protected areas. "
2) The Block XX PSC was signed in 2006, and the ' protected area ' was not designated as such until 2014.
Either way, the governor doesn't have a leg to stand on, and land usage has been approved by the District authorities. That governor is a total idiot.
So no doubt in my mind that operations will be going ahead when the weather permits.
Don't come here being negative Growmore. Stay positive and upbeat like elsewhere we are in.
This is positive if you believe:
1. The Local authorities will prepare and sign the paperwork quickly, and...
2. The Provincial governor won't try to block anything.
If you wanted to be really negative or cynical with your thinking, then you could say this spike is a good opportunity for MB to do a raise at a reasonable SP just in case either or both of the above points go wrong.
Well folks we have waited and waited.
A few more hours or a day or two will clarify the situation.
I see progress has been made but this doesn't somehow mean we are all ready and dressed up to start drilling .
The shows not over
Lol.
Which part of 'has engaged with' don't you understand???
They have had a word, that's all....nothing concrete. Same old Mongolia.
Yes and in the meantime the SP is going up and it has a lot further to go
Keep holding tight.
Classic drop from the MM'S in the last few weeks while those in the know filled up..
Nearly there !
Massive, massive potential.
4p smashed end of today
5p smashed next week
15p smashed next month once we go into production
We are going to be an oil producer. Let that sink in. All other sign off's will come in time....but they will come.
Yes they can do work... but not produce till all settled...lets see