We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
//It very much smells like corruption to me.//
Yhe Mongolian govt isn't renowned for corruption.... oh wait
LOL
I doubt this is red tape. It very much smells like corruption to me.
Surf1: Guess you know what you're talking about.
Think did explain to mr Doc in detail in 13:02 post about timing.
No mistake in operations & development which is MOST important thing for me
If we IN inner circle would be insider dealing I think. Deep research / intel very clear for me :)
Then I’m guessing that you are not in the circle due to the fact that your predictions have been a little off to say politely
Think some have good idea sir ;)
Am VERY happy to hold Petro Matad shares & think much more easy for me to think with timeframe for company development :)
WOS.. I’ve been fortunate enough to read through your posts over the last few months, highly entertaining and I admire your enthusiasm and persistence. But let’s be honest with each other.. Nobody out of the circle knows what’s happening behind the scenes.
Read my post 07:26 for more information on your questions. More useful then copy paste lol. Will also include history & current factor.
Hope this help you ;)
Petro says this is due to bureaucratic process and that the loss of time is "frustrating". Says it continues to push at all levels to "underscore the importance of this licence".
How long?
Why?
Without LP?
Mr Surf
Maybe you give more details & reasons sir which include historical & latest development.
Otherwise sound just like usual BB logic (useless)when you talk about car salesmen lol
Blue today ;)
Just go up 4.90p on google
Yes… It’s oil exploration wrapped in a big bow of red tape
Maybe even finish
This is more then JUST oil exploration ;)
I’m surprised it didn’t push on to 6p. This is the problem with oil exploration with no revenue.. Just look at PRD today. Uncertainty is overshadowing investors
I WOULDNT WANT TO BE OUT OVER THE WEEKEND! ;-)
...One careful lady owner... :-0
Honestly… It’s like being in a bar full of car salesman lol
The next RNS could be the mother of all RNS’s that sends us straight into double digits. GLA as WOS says, don’t be caught with pants down :)
Only 2% a day backwards though. Needs a run up for the raaaaaaaaaaamp
Also think people need watch out for RNS on NEW BLOCK mr Thorngason.
I did get reply from IR dept & think mr Rich did as well (think IR dept is mr Buck ;) ). Last times did get reply was just before RNS so think he does that sonetime lol
But we look at last RNS and say about Phase 1 of 2023 Open Tender "discussions on changes to PSC, on proposed work program and on fuscal terms have been COMPLETED".
Maybe we get that RNS to trip up one who try to trade / watch or mr Buck put in with V1 spud RNS.
I do not take chance and happy to stay safely with share :)
I agree WOS.
The update RE the Ministry change was tacked on to the end of the Velociraptor Spud RNS.
It likely happened a little before the RNS and I'm sure there was a good deal of inter-departmental discussions prior to that decision being reached.
It's an ongoing evolving situation.
I guess the next Land Permit RNS we can hope for will be that the Ministry for Construction and Urban Development (?!) have reviewed the documentation and are submitting it for Ministry/Cabinet review and approval?
It comes when it comes, and when it does Petro Matad's Share Price will be in double figures regardless of what happens on the upcoming Reptor Trend drills.
Buy and hold.
MB surely knows all to well the importance of getting the LP before Velociraptor spud, so I do believe it when they say they are pushing as hard as they can. Also, helping the locals on their forest fire issues is a great show of goodwill to the people and the country, so I don't think PM could do a lot more.
As far as Mongolia goes, their government have aspirations to be a serious forward-thinking player on the world stage for energy (and no doubt other things too). Its high time they put a bit of urgency behind these projects of "national importance", and unblock the red tape before their industrial partners give up and go elsewhere.
Hopefully not too long now anyway. ATB & GLA.
Remember RNS was 22 May about Ministry change as part of update but this could happen few weeks before.
We know all documentation was ready for submission so do not think same feedback / document presentation will take long.
Also think we get new block RNS now & maybe even Monday possible.
Do not know but investor maybe watch pants ;)