Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Then compare those 2 with the April 2023 RNS
This is why he is known as the MISEADER ;)
The only UNTAPPED POTENTIAL is the amount of ramping Wos can do in one day
CaC the Misleader
Do you not think it BETTER & more ACCURATE to quote Feb 2023 RNS? ;)
For newbies. From the Dec RNS for a bit of background ... Mongolia wants local "buy in" but its not happening so govt needing to step in. However Mongolian govt doesn't want to upset its voting base, so basically its tricky politically...
The Mongolian government's process to certify Petro Matad's Block XX Exploitation Licence area as special purpose land is progressing. Meetings held at the Matad district and Dornod provincial levels of citizens' committees resulted in voting that did not to support the central government's certification proposal. The Mineral Resources and Petroleum Authority of Mongolia ("MRPAM") has however written to the Ministry of Mining and Heavy Industry ("MMHI") recommending certification of the Block XX Exploitation Licence despite the local committees' views. The Company's focus is now to support MMHI in progressing the matter through to a cabinet resolution as quickly as possible. Given the delays, Petro Matad is unlikely to be in a position to operate on the Heron development until the spring of 2023, once its land access rights have been re-established.
All your research, excessively long and repetitive posts and CAPS LOCK, and you were still wrong, LOL.
You really are a failure.
That's right WOS, don't let facts stand in the way of your ramping 😉
Mr Master Mr Hamm
You try to explain to people who do not research. If they research they know WHY delay before & WHY those reason do not apply now.
The WISE talking to the SIMPLE ;)
Do RESEARCH yourself & understand WHY?
Manxkeeper mention this register LAST WEEK on Isle of Man. Why?
Renewable company will be called SunSteppe Renewable Energy.
Say this before & ask why member of MRPAM, MMHI & Mongolia Ambassador at IoM office?
Say it again Mongolia want to be New Saudi Arabia and have one of world BIGGEST ONSHORE UNTAPPED POTENTIAL.
This us why Mr Mike Buck always talk about "in country experience", JV with foreign companies" & "close relationship with Govt"
This PRO BUSINESS Cabinet 100% focus on Economy & Foreign Investment.
They want to develop whole oil sector and get revenue from PSC AND PARTNERSHIP.
If correct this will be MASSIVE for MÀTD & all shareholder.
Mr Master uncover something very big with IoM meeting which Petro Matad & Govt did want to keep secret for now.
All piece come together better then we thought before :)
Manxkeeper mention this register LAST WEEK on Isle of Man. Why?
Renewable company will be called SunSteppe Renewable Energy.
Say this before & ask why member of MRPAM, MMHI & Mongolia Ambassador at IoM office?
Say it again Mongolia want to be New Saudi Arabia and have one of world BIGGEST ONSHORE UNTAPPED POTENTIAL.
This us why Mr Mike Buck always talk about "in country experience", JV with foreign companies" & "close relationship with Govt"
This PRO BUSINESS Cabinet 100% focus on Economy & Foreign Investment.
They want to develop whole oil sector and get revenue from PSC AND PARTNERSHIP.
If correct this will be MASSIVE for MÀTD & all shareholder.
Mr Master uncover something very big with IoM meeting which Petro Matad & Govt did want to keep secret for now.
All piece come together better then we thought before :)
//Gla shareholders our time is due//
It's massively overdue !!
Just incase if sb missed Manxkeerpers post
I am not worried at all about the update today. It is quite promising on consideration.
As follows
1: I can see in a relatively new and undeveloped land of opportunities, that if the MMHI were to issue the tenders for the prospecting blocs and then take control of the Special Licence Permits, railroading the thing through, then this may be seen as a conflict of interest. I would rather PM got the licence correctly from their revised ministry and without later challenge, so when the wells start pumping oil, it is cast iron and safe income.
2. A new block is on the way, and potentially more than just one. The visit to the IOM was key and having done this, the inference in the update is that we are very close to this being announced. The Mongolian government would have wanted to properly audit and check the safety of our company and the set up and understand that the IOM is not a threat or a tax dodging domaine. They will be happy now having had the red carpet rolled out and had access to the heighest powers in government.
3. The update did not mention the new subsiduary, Petro Matad Energy Ltd, registered last week on the IOM. I am interested to see exactly what that is about, and whether this is about renewables. But regardless, it is all extra and can only mean greater returns for the share holders.
4. Velociraptor, whilst not proven, is a strong hunch with a proven oil find there. Fingers crossed, but this is worth a punt.
The maths is quite stunning. Heron would be 12 or 15 wells, which hopefully would pump about 700 barrels on average per day per well. This is for a 60 million barrel extraction potential. That is $500,000 + per day once all up and running with a barrel price of over $70 per barrel and a cost of $10 per barrel deducted. An Annual earning of $180 million plus for 20 years.
Then IF Velociraptor strikes black gold, that is hoped to be the same and potentially three fold.
Plus all of the other sides. This should be looking at an annual income of $500 million + ultimately. That is a $5 billion company - or £4 per share.
We have all invested in a wild west prospecting opportunity, that MB is having to work with and around to bring something large to the table and he is doing it really well. It is close. We will see how big the turkey is in the next few months.
For me, this is a strong and exciting hold as an investor. The traders will see this differently. But this is a strong HOLD and a gentle BUY stock for me.
Gla shareholders our time is due.
“Think very strange when someone say "1000% upside" then SAME person get upset when have few week extension. ”
WOS: You referring to me there?
If so, you know full well I used that as an example of something that POTENTIALLY could have a 1000% return. You twist things relentlessly but there is one FACT. That you have been WRONG, WRONG and WRONG!!!
I’ve always known who you really are. Others will soon clock on.
Guys should read the post throughly.
I would rather we wait a few more weeks or couple of months to get this bureaucratic process repeated and have an unassailable LP in place than risk any challenges to it by activists etc at a later date . It’s all new to the MG and it seems there May be more to it too in that I suspect the PSC discussion in IoM were actually more like a MG forming a JV with PM and the relevant ministries on that trip needed to sign docs and also distance themselves from the LP approval in order to be transparent. Just my view .
From the Urgent meeting yesterday
"Opinions were gathered on the draft of the government's resolution on the acquisition of land along the direction of the oil pipeline for special purpose use by the state and SUBMITTED to the State Govt."
Do not know if this refer to land for Petro Matad but submitted now.
Think very strange when someone say "1000% upside" then SAME person get upset when have few week extension. Do not think will take long with all Ministry submission unchange so just procedure of submission.
Has it been SUBMITTED now. Do someone who think 1000% upside want to miss out on now or do they just want bigvfusd for own sneaky purpose? ;)
RNS yesterday show am on right thinking with Petro Matad / Mongol Govt JV on new block.
Govt get PSC revenue + JV partner revenue.
Petro Matad get Govt backing, Pattnership & access to new oil block with 'New Saudi Arabia' potential.
All this and sneaky people on BB complaining about maybe couple extra week delay BUT maybe no delay from here :)
Buy or not who care but be happy :)
Construction and urban land development have already circulated the paper work and with all the ministry's already have done their due diligence they will just this time sign off immediately,
I reckon we could have the LP by the time velociraptor spuds or a week after,
Another of the crew joins.. i suspect a quick poll would give us the roll call of posters on this thread to big it up...
Even after a 20% drop you lot cant stop the smoke and mirrors.
It wasn't ramping at all. Look at GKP history. From a 4p to £4.
People are moving money around while waiting for here. i am eyeing BCE and PPP to rerate first, then can top up here. any thought?
Crikey! What a first post. Right into the owls ramp path.. i topped up today as its worth a punt. But £4 a share.. hmm
Which reminds me .. party 'with feather, Sir(s)' pushed back a bit, perhaps ? As long as it happens in the end, then fine by me.. indeed maybe we just go straight for the without feather party when we have the party
I see the same message thousands of times, over months on end, from some of you.
(no names, named from me out politeness though, Sir(s))
Does everyone else see the same message three times
WOS: “Think you are wrong mr recession”
Oh bore off. You don’t have the right to tell anyone you think they’re wrong when you’ve never been right.
Separately, it’s laughable this is apparently a matter of national importance. Important, maybe but doubtful. Urgent? Clearly not.