The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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A major deal is underway in the mining industry. The process of merging "Step Gold" company "Boro Gold" LLC, which is listed on the Toronto Stock Exchange, continues, and the parties have signed a purchase agreement. "Step Gold" is implementing the Golden White Piles project. The project is located in Tsagaan-Owoo Sum, Dornod Province. Founded in 2016, "Step Gold" had an IPO on the Toronto Stock Exchange in 2018 and attracted investment.
Gold production at the Altan Tsagaan Oovo project began in 2020 and uses heap leaching technology. More than 350 people are working on the project. 99 percent of them are Mongolians. Altan Tsagaan Oovo is the main gold deposit.
"Boro Gold" company was established in 1997. Based on Boroo's main gold deposit, continuous operations have been carried out in Mandal and Bayangol sums of Selenge province since then.
As a result of the above transaction, the annual production volume of "Step Gold" company will increase by three times, and it will become the largest gold producer in the country. The merger of two companies that own major gold deposits not only attracted the attention of investors, but also increased the share price of Step Gold on the stock exchange.
As a result of the deal, Step Gold's current reserves are expected to be valued at more than 4 million ounces of gold. "Step Gold" has invested more than 80 million US dollars in the first stage of the Altan Tsagaan Oovo project it owns. The flotation plant will be put into operation this year as part of the construction of the second phase of the project.
Ignore that last gibberish message, no idea what happened....xxxxx phone
Can't be far off news now, will be good tof get the l and confirmation of new black CLS awarded..Then they can get heron pumping
MATD would be a multi billion company guys.
Never say never. It is coming
FOMO!
Great to be a shareholder guys.
Mr Positive - "Getting new Blocks awarded close to Multi-Bullion barrels Chinese oil producing basins would be awesome and will defo add lot of value to our Market Cap"
Exactly & how good management build company since will not get in way of Heron!
Block XX development is PRIORITY. New Blocks will need permitting (which have now been made more simple since Heron but will not happen this year).
Hope this explain for genuine investor who want to understand development & processes 🦉
When I say DO RESEARCH I mean it - otherwise lot of posting just misleading!
How can Petro Matad drill new Blocks without even EXPLOITATION LICENCE for them?
Also Central GOVT did not "allow MMHI to take control. MMHI is head by mr J Ganbaatar who is Minister in Cabinet - MMHI is Mining Ministry and this is how Governments work.
This forums full of people who do not do proper research on investments - maybe they spend time reading Hello Magazine lol.
Getting new Blocks awarded close to Multi-Billion barrels Chinese oil producing basins would be awesome and will defo add lot of value to our Market Cap.
Heron Oil production and Revenues remains Priority.
This morning I counted 17 RNSs with the word update in the title. Mainly good news for those and I trust that after all this time we get one update tomorrow saying that we have the signed document. Good night all.
Cybertron on 14th December:
“Wiseowlspeaktoomuch, what now buddy looks like matd will be thrown out and license taken away, share price dwindling down and should hit 2p by Jan,
I don't think anything will happen here in 2024, the best mate will do is when they don't get anything next winter got to court over it and maybe look to drill in 2027 or later, think by then they will go bust”
LOL.
From the real muppet, haha!
Cybertron/smart ar5.e - explain your logic and timescales then, and how you come to that conclusion?
Heron permit is nearly sorted and site is ready to drill and produce, new block will take time and drill rigs and so on, it's ridiculous to think they will even drill this year on the new block lol, doc your just a total Muppet
Doc - yes I would !
“you can’t seriously think MB would start drilling newly awarded blocks before fitting a few pipes , pumps and storage tank on Heron.”
R&H - Would you bet your shares on MB not getting the drill bit out again before Heron is up and running. I wouldn’t. The pessimism has been well founded.
Wigster - yes, I seem to recall WOS shooting me down relentlessly on it. Nearly 6 months on from that prediction and we’re still not there.
I remember Doc getting slated for being overly pessimistic back in May-ish last year for saying that it could be September by the time we got the LP signature... :-)
Anyway, my prediction on New Year's Eve was that the RNS would arrive on the 24th Jan. Here's hoping.
ATB & GLA
Doc- you can’t seriously think MB would start drilling newly awarded blocks before fitting a few pipes , pumps and storage tank on Heron. 1 . Especially since the kits been bought - it’s all in store and there was a tweet showing how it’s been got ready for production. Plus the herder money must be almost with Eastern Governor and final signature at hand !!!
Your pessimism knows no bounds !
Sorry WOS but Doc is right it is pointless being awarded new blocks at the moment it will do absolutely nothing for the Share Price nor our bank balance. We need the LP before any one starts believing anything here. IMO the GoM like to think they are in control of the LP but the honest truth is they acceded control a long time ago probably in May when they allowed the MMHI to take over control and since then the Governor of Dornod province has been controlling this narrative and quite frankly still is. I would not be surprised if he is not waiting on the General Election in June seeing as he is opposition party. I would reckon this government is non too popular over seeing power cuts and whatever the Mongolian is for a 3 day week.
Before you ask why am i still here the reason is i am under as i think a number of us and i do not bail out of a stock unless it is a dead duck. And this is still not a dead duck yet and could well have a lot of life in it. But it is taking an extraordinary length of time to get money from the MMHI to Dornod [province and on to the Herders. Once that has been done the signature should be immediate. If the Governor is sitting on it then it will just confirm my suspicion that the GoM has lost control of this whole exercise.
WOS - you’re talking utter nonsense.
For me, it is a genuine concern that we may be awarded more blocks to explore before Heron is online and generating cash, and which WILL cost money.
You are a bully, plain and simple. Trying to make people feel inferior to your superior intelligence. Intelligence (LOL) that has been wrong at virtually every step of this journey.
Ojay - FOC, free of charge.
You should put SENSIBLE debate sir otherwise it is like people debating GO OUTSIDE or NOT GO OUTSIDE in case we get hit by bus?
No real use to anyone who want INTELLIGENT investment analysis!
- Look at ALL intel and give SENSIBLE / RESEARCH BASE discussion point if you want sensible discussion.
What if, what if base on nothing just make you investment paralysis who have nothing to base investment decision on.
Come back with something sensible & not your usual type of posts sir.
Good night 🦉
Sorry, don't know what "FOC" means.
WiseOwl, - so they “win” the block. Then what? It magically explores itself, FOC?
Actual debate and postulation can’t happen on here because of your sarcastic and derogatory remarks. As you always say, if you don’t like what I write, filter me.
Anyone else care to discuss this sensibly?
Mongolia in process of big changes in investment laws to HELP foreign investor / companies.
This actually give Petro Matad ADVANTAGE with "in country experience" and with new environment big attraction for foreign company entry.
New Block asset & experience of Petro Matad should bring in JV partners so better we get blocks NOW when competition low.
Also why Petro Matad work with Govt to develop Tender process 🦉
Mr Doc
If you bother to research you will know they cannot just be awarded New Block and then drill it.
ALSO
It has been VERY clear Block XX is priority for this year. If you do not think so sell and do not waste time crying on BB to distract from well research debate
Be WISE 🦉
Thanks for that Master, that was partly the reason why I feel PM won’t be bought out by Petro China. Still think MG would prefer some national interests in resources.
No other companies are interested as they have seen the things PM have had to go through and still are 5 years after finding oul, why would they want to put themselves through all that for many years. GLA
Does anyone else have any concerns whatsoever that we might be “awarded” another block to explore, which would mean more cash spent and probably a raise, before we get Heron online? And I mean actual physical oil out of the ground with no more excuses/delays.