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Solloge: I'm sure those "figures" are not as "misleading" as you believe. Nonetheless it's good you point this out.
I'm sure Aeschylus will explain what you're concerned about .
Hi Aeschylus Iβm confused with your figures you say Petro Matad will run out of Money by July what I have been reading is Petro matad raised Successfully closed a recent equity capital fundraise round totalling $6.6 million in February 2023 the total cost to drill velociraptor was less then $2 million dollars and no money has been paid out upfront for renewables ,so I believe what you are posting is misleading maybe you should check again , all the best
Let's keep it real. We will need a raise.
According to the company's 2022 Annual statement we have sufficient funds to run as a going concern until July 2024.
5 months.
The fund raise in 2023 was for velociraptor drill and renewables.
Even if Heron gets off the ground in the Spring its highly probable we will still need additional funds to tide us over until we get sufficient revenues. If it doesn't well we will definitely need additional funds won't we!
(I posted this earlier but it got deleted . I wonder if it will again? π€)
All day there has been a frenzy of posts by a certain poster with words like TRANSFORMATIONAL and MASSIVE.
Those tripe of posts are always red flag to me (and should be to any level headed investor) as they smack of DESPERATION.
Also I'm not liking the "Dornod Governor and Finance minister have signed agreement!)" posts as they seemed designed to suggest that it is the all important tripartite agreement that has been signed (so misleading). It has not.
Wos i do not care if this SP goes up or down.
For the holders here i hope it goes up.
I dislike rampers like you
I assume your account will be closed as you have either lied and said the Ambassador has given you material info and it is not or you did get it confidential and yet you shared it.
Lets see
Mr Moni does not understand (or does not want to) - Ms Blyth did meet with Economic Minister as part of discussion of New Investment Law. Canadian Ambassador met with him few hours later for Dane reason.
Better not to complicate thing π¦
MON1 - I am a LTH and read all the comments. Although, as you say, it has been raised previously, I cannot find any "fact based evidence" to substantiate the claim of corruption. Like everyone, well almost everyone, I await the next RNS which should and hopefully will, answer so many questions.
ICblue, this issue has been raised over the last year or so, suggest you check posting history for me and others. Bowley has the best insights into this country, but as expected he is derided by the ignorant and desperate. There is little point in opening up a debate on this with those who are never willing to listen. If you doubt fine.
Here is censored post taken down so admin will not delete I hope -
Mongolia going for RAPID GROWTH with new economic / investor systems - Dornod will look to increase revenue as regions become more independent with Budgets - Mining / Oil extraction will be BIG part of this.
'The Prime Minister Instructed the Regions to Determine their Economic Priorities and Draw Up Development Maps' - Source: mongolia.gov.mn/news/view/26901
"Regions will rationally define their economic priorities based on their own RESOURCES and ADVANTAGES and create a development plan" - Source: Dornod Govt
Late last year Matad Sum (and other Sum in Dornod) have to make seperate Regional acct for first time (I did report on this).
In RNS 19th Dec company mention "Co-operation Agreement which governs COMMUNITY AID EXPENDITURE during oil exploration activities" - there is also some royalty percentage to Dornod.
Also we have new Investment Law to give more right to FOREIGN INVESTMENT.
Petro Matad will be much bigger then some people think and is all there if anyone bother to look at all developments - I know from posts most do not lol.
IF MRPAM IS SO HELPLESS AND CLUELESS then
I think its time for legal action against MRPAM for signing a PSC on land they do not have control over.
100m spent in Mongolia only to be held up by a local governor .
There is a bad case of Chinese whispers in here, people reading between the lines on everything, the last RNS stated what stage the company was at. Come back in a couple of weeks......
MON1 I agree.
To have such wording in the email suggesting a very active and significant role in the representation of the interests of MATD, means this has not been going to plan.
The use of her word, However....suggests that whilst she is encouraged that this will be resolved "shortly", she is not convinced.
So this could be imminent or take another month or so. We really don't know. But interesting that the BB's of her private email have been taken down and all posts around that. Even what I tried to post this morning under a different header!!!!
MON1 - Corruption is a strong accusation, what evidence/facts do you have to substantiate this? Also, how do know the Ambassador was "dragged" to the meeting?
Manxkippers,
This is NOT good news! Having to drag the Ambassador to meetings signifies problems.
Good news is when the Ambassador is invited to cut the ribbon on production commencement, not when having to attend meetings to fight MATDβs corner due to ongoing holdups, which are almost certainly due to corruption!
MB did say he doesn't have a veto , There must be a way to override the local government. Just like the UK.
Great but I'd rather he sign the tripartite agreement
Local governor signs an agreement woth government. Dorno governor
COOPERATION AGREEMENT SIGNED WITH PROVINCIAL AND CAPITAL GOVERNORS
β
The implementation of the 2020-2024 action program of the Government of Mongolia, the main direction of Mongolia's development in 2021-2025, the annual development plan of Mongolia, the Budget Law of Mongolia for the current year, and the meeting of representatives of citizens of the province and capital, and the governor In order to provide a common understanding of the direction, a joint meeting of the members of the government, the chairmen of the provincial and capital councils, and the governors /2024-01-31/ was held at the State Palace.
π PRIME MINISTER OF MU L. OYUN-ERDENE:- HAS MADE REGIONS TO DETERMINE THEIR ECONOMIC LEADERSHIP DIRECTIONS AND PUBLISH THEIR DEVELOPMENT MAPS
β
In connection with the government's announcement of 2024 as the "Regional Development Support Year", a contract was signed with governors of provinces and capitals in 2024.
Mongolian government
Pants down???
Going into another month you can't make this up what a fu--ing country Mongolia is
Also ramped become tramped.
BP - "De-bagged", surely!?! Or trouserless!
No pants.....
DE-BAGGING
Researchandhold said //BP is like a stain on humanity//
What's the opposite of "multi-bagging" when the SP drops to a fraction of it's previous level?
Red dot time???
Very odd. Tried to post re yesterdays thread and it never made it to the bb.
Something brewing? Perhaps thought of as too much info that should not be divulged?? Reported by MATD or pulled by LSE??
This site has become more and more useless as well as offensive to investors. No self-respecting people should allow the Lse's admin to delete their comments by establishing idiotic censorship. I think that its time to declare a boycott of this site. And not only because of disrespect but also of the ugly advertising oversaturation for profit. They are don't even thinking what kind of cesspool they are turning their site into.