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Re LP leak, the FB activist wrote the following the day before (Ninesandytoes posted about it)
"A citizen of the United Kingdom has no chance to get the services of the state😪"
WoS can ypu put some numbers on what you expect from the renewable side for PM?
I just looked at their site, and achievements and it really is not much (yet?)
15 years Experience together at Wolfson. If they have 3 guys average 5 years so still junior in my book.
Projecta made production ready: 50 MW. So very little....
If they come up with a big partner that will do funding and most of the work income will be very low for Matad?
Or they wilk have to buy an asset for which they need capital raise?
I expect the first options so in the big picture irrelevant. What am i missing here?
Agree mr Doc. Was going to say but think this basic logic all can see lol. Drill is different of course
Correction need to have been made when MMHI transfer to MCUD otherwise would have been accurate in timeframe.
Everything in posts have been research & can be checked.
Buy or not no problem but maybe investor do better to see if what I say is correct it not. My research have corrected you plenty of time Mr BP. Think last time was about China transition to renewable energy rate & new coal power station as backup only lol
From SunSteppe also tak about export renewable energy to China
All happening for Petro Matad but most do not see and why they believe very ignorant (in research) posters on BB ;)
My price projection is triple digit & have full understanding why I expect this.
"How comes the LP news didn’t leak out then."
I'm not sure there was chance for it to leak. The cabinet met on 5th July and they RNS'd it at 7am on the 6th.
//You were right about LP. Spot on.//
He was right EVENTUALLY. He was totally wrong all the previous times he said the LP was "imminent".
Is that the deal WOS? Bad news. SP slides so you notch up the ramping to fever pitch. Would love to know how your pay is calculated - is it per post or based on results?
WOS , I am sure you are absolutely right. You were right about LP. Spot on.
Thanks for all your valuable research.
Mr Hamm
I have no doubt price will pick up momentum in coming days. Recent high will be easily overtaken & larger buyers will enter.
Very obvious major positive newsflow & development toward near term revenue approaching fast
Happy to hold. Will let unresearched ones post nonsense about company :)
Do people still say "riskier shares" now we have land access clear, existing oil asset & funding in place to develop?
Same ones who play with real no asset, no funding gambles lol
WOS, great posts as always.
Thanks
Lots buys are rolling now.
Blue day is very likely.
Block XX development all clear now & DQE deal will be announce any time now to fast track this.
SunSteppe Energy news for near term Renewable infrastructure project / revenue with major well funded investor will catch a lot of pants down i think ;)
From SunSteppe website about Petro Matad partnership
"The combination of the two companies into the SunSteppe Renewable Energy Join Venture has created an experienced and nimble in-country operator with the financing in place to advance HIGH-GRADED projects and the potential to bring in WORLD CLASS, WELL FUNDED partners and see projects to Revenue Generation"
Many people do not follow discussion with China about renewable investment into Mongolia renewable I frastructure from high level Mongol Govt people.
Maybe think again about recent Mongol Govt / Petro Matad IOM meeting & "at pace development of Renewable" for near term revenue generation.
"50 Wells at peak production sitting on 2 Billion barrels" sounds good mrP
Like you say Mr Wolverine all negative news out of the way.
We have so much NEAR TERM news.
Most people make reasonable assumption DQE deal sign after land access confirm. Thus I think we get now VERY soon & will open up (start of) low cost FULL FIELD DEVELOPMENT.
We already know NEAR TERM RENEWABLE REVENUE news due. Size of this sector will shock people. Anyone who have done research I to this AND all talk with China about investment will know.
3 BILLION in Toson Uul already mention & think more I do with DQE news. What will this do to share price when operational development into extension confirm?
New Block news ready to release. Thi K this will be in days
Always stick to investment research. Not BB comment which depend if person hold or not lot of time ;) For me no problem because think very soon large BUYERS will take out little holders. WATCH ;)
I do not worry to see price all time. I go for swim now in my pool. Will get my high ROI when development take pace & company transform into multi factor (Production /Exploration /Renewable) Energy Company.
Maybe think again what high level members if Govt do in Isle of Man with Mr Mike Buck? ;)
Be happy :)
Blue day? Very possible.
How comes the LP news didn’t leak out then. I totally hear you but some times it’s difficult to keep information suppressed. You have contractors who do not give flying *ucks about the company or it’s PI’s. I do here your advice about warrants though. Good point
H1 will only be 300 to 500 barrels a day but with 10 wells and oil price it's significant revenue
Only way is up. Extra money now available for bloxk 20.
MB can't afford to make a mess of the current situation.
Get the crane /rig and put that well on production. Maximum timescale 2 months.
Agree with everything you say. Unfortunately this is normal behaviour with AIM listed companies. Add to the mix the fact we are operating in Mongolia. Been some shocker over the years especially companies operating in Russia. Par for the course I'm afraid.
Please don't Faith. There are lots of derampers who are trying to get hold of your shares cheap.
Sit tight.
Nothing I write is advice, it is all opinion and my human right to vent accordingly...
On the one hand I am somewhat relieved we are sat back at the mid 4p range, but I am still utterly fuming about how people are trying to suggest things are all great and rosy and ok. They are not ok.
News was clearly leaked last Friday, that is wholly unacceptable and completely scandalous. How many PIs have had their shares literally stolen by the price action this morning? Not ok. This should raise eyebrows for any of us who are genuinely "invested" in this company.
I want nothing more than for MB to pull his finger out and deliver value to us PIs who have supported him and the company for years. I would be over the moon to see this above 20p with NO CAPITAL RAISE, but these last few trading days just seem to confirm that any CEO cannot be trusted and as such I absolutely expect a humongous capital raise and horrific dilution to us.
The same crap happened over and over with RKH until people became so infuriated they created a large enough group to be taken seriously by the board. The result of which meant that, yes, a capital raise took place, but PIs got a slice of the pie, with warrants to exercise. I hope MB is listening, because that would be a much better show of solidarity with us. I hold my breath...
Guys should think about fundamentals of MATD.
LP has been the most important factor which has been secured. MATD is now safe and soon have huge income.
As soon as H1 comes into production in a month max.
H1 let's say 1000 barrel of oil a day time $77= $77.000 a day.
Then add H2 3, 4 5 etc.
Let's just have 10 HERON and each 1000boopd.
10000x$77= $770,,000 a day income.
770,000x365= 281,000,000
40m of barrels of oil retrievable is $3,080 000,000.
Simple.
Hold tight to your golden shares.
Amen to that 🙂
All the negative news is out of the way. Cash is in the bank. Onwards and upwards from here. No need for all the in-fighting and bickering. Keep faith. The lord works in mysterious ways. When one door closes another one opens (Heron). Godspeed
You need to factor in the cost of extracting the oil,taxes to be paid,company running costs,wages,director bonuses,further exporation costs and the companie,s reputation of finding dusters/water,missing targets and regular share holder dilution in your estiment.