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L. Munkhbaatar: We Will Fully Support Commissioning of Oil Refinery on Time
Today the Vice-Chairman of the State Great Khural of Mongolia L. Munkhbaatar received the delegation headed by the Ambassador Extraordinary and Plenipotentiary of the Republic of India to Mongolia M.P. Singh.
At the beginning of the meeting, the Vice-Chairman of the State Great Khural L. Munkhbaatar noted that major projects and programs significantly contribute to the enrichment of the Strategic Partnership between Mongolia and India with new content, and development is taking place intensively, and congratulated the Indian partners on the occasion of the 76th Anniversary of the Independence of the Republic of India. At the meeting, the parties discussed the progress of the Oil Refinery Construction Project and exchanged opinions.
Considering the time to spend on the engineering work of each oil refinery facility, the construction work is divided into 4 parts: ЕРС-01, ЕРС-02, ЕРС-03, and ЕРС-04 (ЕРС: Engineering-Purchase-Construction). ЕРС-01 package work or construction of non-technological buildings started in 2021. They are working to hand it over within this year. The contractor for EPC-02 and 03 package works and construction of crude oil pipeline was selected in 2022 and the contract was signed. Currently, the design work is in the final stage, and the construction work at the factory site officially started in April of this year. H.E. Ambassador M.P. Singh presented the announcement of the tender for the selection of the EPC-04 package construction contractor. He noted that the Minister of Finance of Mongolia and Exim Bank of the Republic of India signed a new loan agreement on the ЕРС-01, ЕРС-02, ЕРС-03 projects for the construction of the oil refinery in Mongolia, and postponed the loan repayment period until 2030.
CEO of Engineers India Limited Vartika Shukla said that due to the pandemic and international geopolitical situation, increase of the price of materials, machinery and equipment on the world market affects the total investment expenses of the project. As it is necessary to solve the problem of additional funding for the implementation of the EPC-04 set of works, she asked the Parliament to support their endeavors.
With the completion of the oil refinery, Mongolia will get rid of dependence on fuel imports, and a new branch of the petrochemical industry will be created in the country reducing foreign trade deficit. The Vice-Chairman of the State Great Khural of Mongolia L. Munkhbaatar underscored that the Parliament will fully support and pay attention to the creation of a favorable legal environment and the coordination of relevant institutions in order to successfully implement the project, a symbol of cooperation between the two countries.
Executive Director of "Mongolian Oil Refinery" LLC D. Altantsetseg, Project Management Consultant for Oil Refinery, Chairman and Managing Director of Engineers Indi
BP - I thought they were all sells?
It's negotiated order to sell peanuts today....
HUGE number of trades today - FOMO definitely kicking in. Production RNS on Monday?
Badprophet hi, looks like the Market might be selling off, what will the bagger be from 1p or a fraction of ? thanks
Horrible outlook ahead. Evergrande in Chapter 11 in the US. Warren Buffet sitting on 140 billion in cash, ready. Michael Burry of the Big Short fame is betting over 1.6 billion on a crash before year end. US pandemic savings due to be exhausted next month. There is a big crunch coming.
PMTD and MB and MG have to move quickly now. Murky waters lie ahead for sure.
And as usual.. ignore any comment that exposes your agenda. There is just NO NEED to post 24/7 the same garbage. The company will do the speaking. Utter charlatan
I think for WOS it will be a de-bagger
All evidence points to the Heron Field being developed by Petro Matad at some point.
All evidence points to this being the Company maker with significant share price re-rating at this time.
All evidence points to this event now being closer than ever with hopes of it happening in 2023 (which would necessitate a confirmatory RNS within the next 4-6 weeks?)
All evidence points to the share price currently being close to long term share price lows.
Time to buy or sell?
If it doesn't happen this year the SP might drop temporarily but as Winter draws to a close the SP always rallies into the drilling season and expectations for 2024 will be higher than most years, especially if all the legalities have been sorted and it's just a case of waiting for the warming Spring sun to shine.
Just watch out for the days getting longer, snow drops in the garden and the return of Mr Positive to the board.
A ten bagger from 3p is much more feasible than a ten bagger from 7p isn't it!
Keep deramping. I and many guys here aren't selling any shares.
This is an absolute gem. Sit tight and add as much as you can.
10 baggers this year.
Guys, enjoy this beautiful rainy day.
What a nice summer we have. We just need that beautiful RNS that makes MATD an oil producer.
More sales going through
The price of this share is so low it can only go up with all the good news to come.The MM are playing this share as buys are showing as sells.Very big spread at the moment showing that there is a shortage of stock
LOL how can I not give you tick up Mr BP 😏
There's really only one RNS we're waiting for: The Heron green light and all systems go RNS.
I get the impression from Mr Buck's recent LSE update that he's not particularly in the loop RE day to day progress with this so he may be as surprised as shareholders when it finally happens.
It may come next week, next month or next year.
If you're happy to wait I think all will be well.
It also means you can ignore the day to day tittle tattle and name calling on the board which is nice.
Can't help it WOS - I'm on tenterhooks waiting for the multiple RNSs to come rolling in! VERY SOON
Calm down mr BP!
You are very agitated last few day. Just relax & be happy 😊💰
MB "Cash until AT LEAST July 2024" July 23
MB "Fully funded" Dec 22
DYOR
Owl sorry I am not sure how you can say Matd have “oil”?
What is current production level from Oil? What is the target oil production in the next Qtr?
Many moons ago he suggested setting up a private email group for his matd mates. I seem to remember the email address was a Swiss law firm. He's probably the cleaner... GLA
Hilarious. Have a look at BCE owlturd. The bb you came on to declare a duster and myself and laandimans terrible people for commenting on bb. Trying to trap others.. 🤷 Well, thats how its done with a competant company with great comms. I will have to wait until your 100000th ramp to see 7p here
If you're looking at "British Bulls" WOS. Their advice is to STAY SHORT. Nuff said.
Header is not my words. If you disagree give reason in between soiling clothes with your coffee.
Be happy but clean 😏
WOS. Your "headers" get more hilarious by the day...today's being a real "coffee spitter" after the pitiful 20 trades yesterday. Thank you for bringing some humour to this board and I look forward to the 30 bagger.
"Cash until AT LEAST July 2024"
I am not short term trader so take header how you want
BUT have confidence from FUNDAMENTAL for many multiple ROI so maybe this help other who want to enter investment before any major breakout.
We have OIL, cash until at least July 2023, Renewable contract RNS due, New Block RNS due, ALL paperwork for Land Access FORMALITIES already issue & full support of all Ministry/Regulator/Central Govt for first production this year.
What can we expect fir ROI from this sub 4p price? X10 BAGGER? X20 BAGGER? X30 BAGGER?
Maybe people begin to understand.
Be Happy & wise investor 🌞🦉