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IMO when LP RNS lands (depends on SP at that time) the increase may be between 200% and 400%. LP timeline maybe weeks, months or even a year who knows (so I have to keep a balance amount of investment, can't go all in one go). But IMO the rise will be Astronomical. Key is whether LP is IF or WHEN (that's the Crucial decision making criteria for me). AIMO DYOR. Your money your choice.
@PHILBORO
"the MM's as their title suggests just create and move a market "
Wrong. For a start they also trade their own accounts, and they are in the business of profiting from quick moves the same as any private short term trader.
Secondly - with their second activity of ' making a market ' they are taking a risk, the same as any retailer buying from a wholesaler is taking a risk if he stocks up with goods at too high a price so that he can only break even or even has to sell at a loss. Therefore the mms minimise their risk through accumulating at as low a price as possible. Sudden spikes down help this situation through them hitting stops and shaking out panicked LTHs or short term traders. At the end of the day they control the bid and the asking price, and can play around with it - and especially with relatively thinly traded shares such as MATD.
If there is no manipulation then maybe you can explain why today the no of buys and sells is pretty well even yet the share price is down 8% ? Or why last week there were days when the buys outnumbered the sells, yet the share price was down 2 or 3 % ? The best opportunity for manipulation is always when ' news ' comes out....
Mr Mattpr
Think my post at 13:00 cover this & why expect SC in next 1-2 week but BEFORE V1 result.
Immediate re-rate make thisxeasycdecision for me to hold ;)
WOS i know they are funded. If the lp was in, this would be a completely different scenario. Funds are required to progress. Funds we should be making from heron.
Hopefully v1 & 2 hit.. but the whole lp fiasco is holding everything back.
Anyway.. will see what next month brings
Good post condorman, and exactly, the main work has been done on thei special permit just comments from other ministerys and in to cabinet to sign off,
Happy to wait few more weeks, velociraptor results won't be known for at least 6 weeks from now so plenty of time for LP to land,
Ladies and Gentleman below is certain proof of the LP. A sign from above and before you get all cynical about it we got our last dog using the exact same method and she was a beauty!
https://twitter.com/kajsadoo/status/1668948001056776194?s=46&t=Dl9cj0wPvjhrSowDnr1jhg
It's great trying to use logic WOS, but unfortunately this doesn't mean that the MG will adhere to this logic. For all you know the piece of paper could be sitting in someone's "In Tray" for 2 weeks as they're on holiday. There could be other delays/red-tape that we don't know about. There may be multiple "projects of national importance" above this one in the queue. Just because we're all desperate to make millions from PM in the next few weeks doesn't mean the MG share our urgency unfortunately.
Nevertheless I do hope you're right with your timescales and you never know, they could be doing the final signatures right now, but ultimately we'll just have to be patient and wait for that RNS.
ATB & GLA.
"On Block XX, the Ministry of Construction and Urban Development has completed its internal work on the certification of the Company's Exploitation Area as special purpose land"
read the rns and you will see progress is has been made pretty swiftly this time round. The ministry itself has completed it's own internal work/review and now awaiting comments from other ministry departments. If they wanted to act awkward and had objections, they themselves would've raised objections prior to passing it on to other departments within the ministry. But they didnt.
This implies quite prompt progress, chiefly as the work has already been done and it was successfully passed onto cabinet via the other government ministry. Something that took years to clear has been done in a few short weeks... i guesstimate it will be another similar time before it finally gets handed to cabinet for approval. Red tape formality
As for the share price - nervous nellies would've jumped ship... but from trading so far it seems MMs lapped up the stock, even a c 1m+ sell @10:07, within its stride, and even had the gall to mark the share up soon after.
Pretty sure once the loose stock is taken, this will start a new leg upwards.
Nice lift in volume today... plenty of those sells are actually buys id wager.
Current drills are funded.
Worst case:
Over winter 'cold storage' or short term loan as previously or another small fund raise.
Let's be honest that's what's happened for the last 5 years or more and this time around there'd be guaranteed oil production at the end of it with Heron permited.
I'd invest on that worst case scenario alone come November so any other outcome is a bonus for me.
And if I was going to invest in November for that I'd certainly want to be in now for everything that might come between now and then.
Bonus upside and longer term security.
V1 & V2 drilling cost fully covered!
Try read RNS & presentations ;)
Rns to say more expense drilling on a (lets be generous) 50/50 hole and no nearer lp to make money. Sp will go down.
As i said numerous times until lp this is just a money pit.
Spikes up on no news are just mm's collecting your money
Why header timeframe?
Start with SC progress detail has been given before RNS this morning. Maybe progress update from last week but will be before today.
Here is logic and depend how soon Ministry give feedback but should be exactly same as they gave before since nothing change & still Project if National Importance.
Maybe some people did expect SC with SPUD but think most research people expect before DRILL RESULT in 5-6 week.
Ministry of Urban Development have completed all internal work & documentation already submitted to other Ministries.
Like I say when was this documentation submitted to other Ministries? Could be weeks ago.
Expect submission to Cabinet next few week with all Ministry feedback same
Special Certification RNS in next 1-2 week. Agree or not up to you If people want risk to be out with almost straight multibag in price with SC there decision.
Few percent change in price is nothing to what upsidecwe expect.
Do research Be happy :)
Ok Mr fighter why don't you do something to fight buck who then fights MG to win the LP, stop telling us this just go do it, we don't want to fight,
Thanks
Iamrich, in order to understand my position, you would have to be not a co-owner, but an owner of at least a medium-sized company with millions of turnover.
But, you obviously weren't, so please don't teach me the wisdom of business and the principles of running a company. The true leader is this fighter, who must be able to fight for his company and win, otherwise he will inevitably lose it. This is exactly what MB has been leading company from the very first day of its appointment. Who for the fifth year has not been able to solve the most primitive LP issue, the solution of which, by the way, has nothing to do with pandemic.
Top Sliced around 4.75p. Still in. LP will land when it lands. Another Bounce eventually will be above 5.00p (for now it seems 5.00p is ceiling). Any further weakness in SP and I will Top up more (but it got be the price I mentioned in my previous posts). There is a reason why SP keeps Bouncing and it is obvious. AIMO DYOR.
Manro, not sure what world you come from but the CEO seriously acn not do anything more other then wait for the MG to run through their process, his pushing and talking to the right people and we just have to plain simple wait for land development to get back the comments fro other ministerys at their own time or given time frames
For you,you just want to make a quick buck and move on, but for the MG and buck this is serious business and needs to be done properly and a few days weeks and months means nothing to if things weren't done properly their could be serious consequences for all
Yes things took long but we have been through a pandemic with a full stop for a few years nearly on top new goverment trying to sort everything out plus corruption within
Loads happend and loads didn't happen, life mate so chill out and stop trying to take everyone to court over it
Dreamer's opinion.
However, there's not much - other than bailing out - you can do about it.
GL
Thor, agree I have been saying the same for a long time,seems people continue to make up things in their heads, it is nothing more then we are told via RNS
LP is incoming and will drop when people least expect it, from today's RNS we can see progress is being made land and development seem to have be the ones maybe drafting this permit up and after other ministerys make their comments then cabinet just simply sign off on it, think it's the ministrys who have the real say here
I don't like many of master82's comments for his unfounded optimism and lack of any criticism of the MB but fully agree with his today's ones. Especially with the fact that we are again in the dark when the next cabinet meeting will take place and what actions he is taking "to conclude this process". After all MB must understand itself, and therefore bring to the attention of all members of the cabinet that many years of arbitrariness and delay in resolving the LP issue has already led to enormous financial losses for the PM and its investors. And if so, then everyone who is guilty of this arbitrariness can and should be held accountable and the inevitable payment of huge amounts of compensation to the company must follow.
What's to 'trash' in the company? They appear to be doing everything that's withing their gift rather well.
They run on a shoe string budget, have a near, medium and long term plans involving oil exploration, production and renewables and are increasingly integrated into the Mongolian Government's consultations/planning with increasing influence these processes.
Well done Petro Matad!
It's taking an age for sure but that's not Petro Matad's fault and the Mongolian Government do appear to be moving forward with Heron. If there were conspiracy theories about the Mongolian Government trying to delay things they'd have taken much longer to re-circulate the paperwork around the various departments prior to re-submission to Cabinet.
And if they're supporting it as case of national importance too then that'll now be two well informed and supportive Ministers advocating its adoption around the Cabinet table.
When the Heron RNS lands to say that it's all been sorted the posts will all be saying how it had been clear all along that that was always going to be the eventual outcome.
Hindsight is a marvellous thing, but investing works best if you get in before this point.
Once dust settles the share price will correct itself, everyone's waiting on the LP which is the main event as heron will start production and the institutions and big players come in
Velociraptor giant bonus if comes in, but looking good from last drill at snow leopard oil shows
The price is what the price is. This is the value at this current time. Its like roulette black or red? Maybe we will see 30p maybe we will see 2p place your bets but only put on what you can afford to lose. The ball may land on 0 and we lose half our investment. 30p black drill isn't a duster and we get lp. 2p red Its a duster and no lp. Lose half on 0 another placement.
True to an extent Philboro but when you've been invested in Rockhopper drilling in the South Atlantic and seen the share price plunge 30% in minutes only to rise back to baseline over the next hour for no apparent reason you have to figure that someone's pulling the levers?
They get to set the buy and sell price of the stock and that can certainly be used to encourage sentiment one way or the other.
As a by the by it was interesting that Monday and Tuesday were significant 'up' days after a run of down days.
And immediately before the Spud RNS.
Coincidence?
Rig on site and has spudded in with no problems.
Conditions good, prospects good