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The fb post that Master linked yesterday got me thinking and I thought I had seen it already.
Master our block is NOT in the grey area of that photo on FB!
But!
The coordinates that you provided (46°46'51.3"N 116°08'17.3"E) are in the "newly" zoned regional special purpose territory (hatched orange zone). ("newly" because I don't know when they updated the zoning, could have been months tbh, but I think it was recently)
So I guess this is the confirmation we have waited so long. RNS should confirm it in the coming days (maybe months who knows).
Source: cmcs.mrpam.gov.mn/CMCS#c=Map
ATB and as always WMBM ;)
Benjamin, true it's been going on for a long time, I would like to say that with regards to the sp, the market is different right now, just look around you, a number of shares with great potential is at low sp, not just matad 🙂
BP even the 6 guys on here are not convinced. They should hoping others buy but they do not buy themselves. Says it all
We are waiting again for more than 40 days now on SOON.
If it was such a sure thing the SP would be sitting a lot higher, but it's not. Don't get me wrong my average is higher then current SP at the moment and I want a return like everyone else. Just being more releastic, this has been going on for a few years now..
Researchandhold said //BP is like a stain on humanity//
6 people on here think PM is gonna boom any day now - within a couple of weeks max anyway.
The rest of the world? Not so much!
Benj - and so….your point is?
We all know the MM are primarily driven by sentiment and sentiment finally gives way to value when an RNS emerges to inform us further.
Exactly - UNDERVALUED and where OPPORTUNITY is! 🦉
WOS
That's all fine and Dandy but the market is currently valuing this at around 4p a share
Header say all and some people cannot understand this - this OPEN all other developments / growth / revenue channel!
Heron we have target around 23p at $70 - today Brent oil $81, Barclay forecast 2024 is $93, World Bank (possibility) $150 - I think we look at $80-$90.
Next 5-10 years nearly all forecast much higher.
Production Revenue / Partnership open up low cost & fast track development of Block XX and process for New Blocks development. New Blocks low risk next to existing oil asset.
One who thinks MATD is not undervalued is same who think we get New Block and can straight away develop them without EL or EIA - this is VERY BASIC understanding and why time is better spend on research then gossiping!
Processes will not take as long as before now and Mongolia opening up to International investment community in big way - but you have to follow news / politucal & economic development to understand this.
Petro Matad is at heart if this with close link to GOVT to develop country Energy Production.
You ask why poster who always complain on here about wait is still here even when all know he was expose before for talking share down while BUYING at same time 😏
Many other are same & will understand when we say RNS will be TRANSFORMATIONAL for company - BUY or not no problem! 🦉
MisterP - currently, MATD isn’t producing any oil. So how can you say that currently it is undervalued?
Cybertron - 2035? That’s good then, you might not be disappointed ;)
All will be forgiven when this does +400% rise.
Despite the widespread frustration caused by the delays over last 4 years, the simple reality is Mongolia needs the Oil to feed the refinery. This will happen one way or another. We are now getting closer to monetisation of Heron Oil field compared to last 4 years.
From searching various broker price targets, average consensus currently is around 20p mark.
Actual price might overshoot +20p level as it does generally speaking. I am very much looking forward to that point in time as first target. Rest will be driven by newsflow and future events.
Currently MATD is trading at a substantial discount. That value will be UNLOCKED soon as wider market plays catch up. GLA
March 2035, untill then just keep making sure no one says anything positive
Cybertron - when will you start to get concerned if we don't get that RNS? End of Feb, March?
I live in Spain. "Why do today what you can do tomorrow" seems to be their mantra.
Soon is whatever you wish it to be. It could be days, weeks or.months. even years in some cases in Spain. I don't believe Mongolia is that different, though there are encouraging signs popping up in a few places as the oil industry seems to stir into hopeful life!
I feel that an LP before the end of February is great. By the end of March at the latest before a sense of dread and panic starts to manifest itself with the elections looming. Any day now is also possible.
In the overall scheme of MATD, this is all soon. Watch out for the RNS and smile when it eventually drops - soon......
Wos what is any time soon? A week? 2 weeks? 3 weeks ? A month? 2 months? Or longer?
laandiman which translates to *****hole in another language you have some serious anger issues, also nothing will happen lol ok mate says some one who invested at the wrong time in 2017 and most likely had a massive chance to sell at very high prices but now wants to sell at 4p pmsl,
The OPPORTUNITY is when permission is given to get oil out of ground & move into PRODUCTION / REVENUE.
We expect this Transformational RNS any time now really. You say you will sell out at 4p. You have had plenty of opportunity so why are you here now?
Your logic does not make sense - your abuse sound desperate to cover this lack of logic.
Nonsense post to say nothing will happen base on no sensible logic. Maybe we should get pharmacist to give us value analysis of GSK investment! 🙄
Listen to good advice from mr Okay & do something about anger problem you seem to have sir.
Who really like to be around someone Who is this abusive like you show in nearly all your posts - maybe time away on drill face was blessing for some others 🤔🦉
Would have been better if you said you are familiar with the current O&G environment in Mongolia. All your other experience - unfortunately - doesn't cut the cake.
In other words you have 4 options:
1. Do something about it
2. Bail out
3. Stick with PM and be patient
4. Keep complaining
ATB
What does this experience & zero reasoning have to do with price projection?
Nonsense post! 🦉
Maybe time better spend researching Mr Aeschylus!
Goodnight 🦉
Aeschylus, think you last post contradicts your post on positive toxicity, but you also failed to mention anything on toxic negativity which your displaying or approach the usual toxic negative people on here,
What's happend here nothing, good or bad, we are all waiting on the permit, it's business and government business so has to be dealt with properly not yeah let's do this and open shop tmrw,
Grow up read and learn, maybe take step out side the village
Thanks. I don't know some of you are free to jump on here at the drop of a hat every day! (unless this is your paid employment)? 🤔
RNS release day AFTER Cabinet decision 🦉
"If the news is all positive, why is the share currently down?"
Exactly same thing happen just day before RNS Land Permit pass thru Cabinet!
Cabinet decision Wednesday with Mongolia time +8 ahead of GMT.
Can ask Q why was share price down day of Cabinet decision? Ms Vikinglass give you best answer and WiseOwl give you real life example.
Be happy so many helpful & well research poster here for you 😏
🦉
No. Haven't seen him.
I let myself out in the end as I couldn't stand the smell or sitting in the dark any longer. I had to fit a new bulb and then I saw the light...!!