George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Prime Minister Oyun-Erdene today
"The New Revival Policy' was approved by the National Assembly on December 20, 2021...to increase our Economic growth by 8-10 percent every year, to increase our Economic turnover from 50 trillion to 100 trillion (assume MNT), to increase GDP per capita to 10,000 dollars, to form a corruptuon-free government and to make absolute changes in the quality of life if our people"
Think when you look at multiple intel source every day you have better understanding what happening in Mongolia.
This is why am so positive about Petro Matad operation in country & partnership which go forward with Govt.
Massive thing happening for company which think lot if BB experts have no clue lol
Invest or not on own feeling but I invest on own RESEARCH ;)
Now we get back to REAL world investing & company analysis ;)
There is some truth in what Manro says, not necessarily with Matd specifically, but an overall AIM risk…..Yourgene was a share I’d been in and out of for years, always seemed to behave fairly well as a board, until earlier this year when the share was 4p and they issued £10m of shares at 0.1p to major shareholders and board members and my £4K became £400 over night……..and many do constantly just raise…..like Angus whose shares in issue is so huge I can hardly even say the number.
In Matd case I’m more worried about Mongolian govt than Buck.
I thought earlier this year his white lie about 1-3 months till permit was superb way of not raising at 1p or lower.
I don’t think we’ll see an LP this side of drill, but may see a rise up to or after Spud, which from RNS is next scheduled RNS, so probably around two weeks away.
GL all…..trade carefully and be aware of what Manros warning, but don’t let it spook you to much, at the end of the day life’s a risk in itself!
In fact I can guarantee it will be the same on Monday as it’s bank holiday and the markets are closed but Tuesday might be a different story!
I think it'll stay exactly the same on Monday.
Look like price ready to turn now & start push back up into V1 operations
Have good weekend :)
Master82,
Your trouble, like all other people who haven't lost ability to think critically, but remain honest, is that they think the way they would behave if they were in the place of these swindlers. Completely losing sight of the fact that the crooks had a completely different task from the very beginning, namely to rob investors for as long and as much as possible. And honest people very often simply fail to understand this twisted psychology of thieves and swindlers. Therefore, be prepared for the fact that there may not be any LP for a very long time or the Raptor will be empty. And the time when LP will be granted the share price will drop to 1p. In the interim of all this, the MB will calmly resign with the stolen from us money. And the reason of his resignation will be announced that he is "pursuing a different goal" or decided to retire. Do you think I'm fantasising? If so, look what happened to the Beowulf (BEM), but please don't fall into a shock
The other reason is you can get info from locals of what's going on. Once heron field is online and if MB is not updating us on twitter then I am willing to employ someone at local level to do all the checking up and send pictures back of the progress
Manro we will see how this unfolds . I'm well invested and expect good returns.
I was in very good profit at 7 but still kept hold because i know it should be heading towards 10p.
Sp went to 9p before the raise without EL and no drill in block 5..
Current value should be 7p without block 5.
Once LP is granted it should be over 10p.
My target was 7.5p but i think 9p is my new target.
Manro: You remain to be a basket case. I pity you - please leave this BB alone.
There still is a slim chance this coud go blue today hopefully
MAKE OWN DECISION.........HAVE MADE MINE ALSO...........
Master82,
They used a scam on Matad and realised that there are a lot of idiots in the West who are ready to invest in any false projects invented from the dreams of the Mongolian nomads. And especially in those where will be offered fantastic profits. But, they don’t need those they have already robbed, but new ones, so calm down and don’t rush into a new mousetrap, even if there is still something left in your pockets.
NATIONAL CONFERENCE ON INDUSTRIALIZATION today & organize by Prime Minister.
If you follow these developments you will understand direction of Govt policy & how Petro Matad fit into this.
Pert of 'New Revival Policy' and focus on foreign investment climate and especially Mining / Oil.
Massive expansion in oil sector planned & look like Petro Matad will be part of this. Look like IOM meeting part of picture for Partnership company imo.
"The main goal is in improving the investment in the I dustry, the legal environment, the energy and infrastructure resources that are important for the recovery of I dustrializatiin and the co-ordibation between the government and the private sector"
People who use BB logic say "why they not get Petro Matad LP then"
Calm investment logic say look at Govt who now take it out of local govt hand & push through route of SPECIAL CERTIFICATION under Project of National Importance (mean this better get done in political talk).
All thing clear with good research & see all piece fit together.
Like I say this morning think submission will be very soon. People maybe think RNS on Monday mean process start Monday. Think Monday RNS more about announcement of Pre- spud preparation & clear up IOM situation.
Ministry change could happen weeks ago & Ministry opinions / final submission in very short time period.
Like I say I buy more so happy other people react from emotion while I invest with calm investor mind.
Happy for this & what I think will be strong price reversal back up into V1 progress & Special Certifucation RNS VERY soon.
Make own decision. Have make mine :)
Lot of changes we are seeing in Mongolia currently. I've been here for 5 years and this year it seems like a very busy year for government trying to promote Mongolia.
Just give us the LP please and we'll advertise Mongolia . In fact I'll l visit it myself and promote tourism.
Fair play to those who keep pant(s) up through recent down ticks here, if meaningfully good news drops next week and this motors on back towards 6/7p..+ etc.. for those, like me, with pant(s) down, Sir currently, you've got to accept there's always the risk that GroB Helmut Shiner sneaky up behind you and.. well...say no more..
Doc, tbh long overdue, but as of late some of the abuse has been over the top and is uncalled for, whether that's through frustration of the SP dropping after the latest RNS, who knows, but some of it is out of order. Hopefully people can calm down a bit now, knowing they can potentially get banned
Can see this heading back to over 5p next week.
With RNS update next week, then defo over +6p
Even back to 7.30p and higher on good news.
Getting name checked a lot here in recent days, yet I’ve barely posted on here!
With the long weekend fast approaching it would not surprise me if this afternoon we turn blue.Already more buys than sales compared to previous days and by the time the market opens again on Tuesday we are a week closer to positive announcements being made.
...here recently, I see from looking in today...
...Richard Smallwood , WOS and Doc bang at it recently .. to name but a few cast member.. and Helmut Shiner come on down and join the cast here too, please....
PS: The entertainment value of this board was, alas, not enough to stop me selling down a fair chunk of my bet here in 6's and 5's p recently.. I may regret that, I get .. but my average is in the 3'sp and a profit is a profit etc...also I see half a chance I'll get to add chunks back in the 3's p later in summer now... maybe...and longterm holders wouldnt mind 3's here again as any such weakness would be just more noise on the road to eventual Matd greatness, I guess .. indeed any further weaknessin lower 4's higher 3's p etc- IF it were to occur.. it may not of course.. - would be a great topping up opportunity for the staunch believers here ?
For anyone who doesn't have Facebook cheers Dozzawba https://www.mongolianminingjournal.com/ GLA
CRAZY that they want to industrial revolution in Mongolia and they can't make heir pen pushers go any faster.
Hopefully they won't waste this year.
Not to worry just managed