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ID78 .... I suggest you have a listen on You Tube for "Mike Buck, Petro Matad CEO updates London South East on Velociraptor drill and Heron 1 land progress".
Its the Investor webinar dated Dec 6th 2022.
Particularly listen around 10 minutes 30 second to 11 minutes into the video. where Mike Buck says "the ministry of mining said he would fix the land certificate issue within 1 - 3 months"
Don’t forget we have had Chinese ridiculous lockdown policies which crippled Mongolian movement
What's at the back of every holder's mind is Petro Matad's shocking history of non-delivery on Heron once the oil was 'found'.
To be fair it wasn't their fault but they didn't appear to aware of the necessity for local permits to be allowed to proceed and even when they did underplayed the difficulty and time that it might take to sort, perhaps because they didn't initially think that it was going to be an issue. It was then unclear how the situation might be resolved.
It's been a long and painful lesson for them and for investors too.
Communication on this matter is now much clearer with a plan in place to resolve the situation that investors are fully aware of, we're just waiting for it to happen so that Heron production can happen hopefully later this year.
No more unknown unknown, just known knowns. Which is a lot better.
The only unknown unknowns we have now are the exact date of the Velociraptor spud and if there's any oil there and if so how much. So the usual ones for an oil exploration company then.
All moving forwards as per the RNSs.
Here are the reasons why L.P. is a 100% coming .
Locals rejected PM LP on 09/ 22
Locals reviewed PM LP on 10/22
Locals reviewed PM LP again on 06/03/23
Mpram minister meets Nuret Ghani 07/03/23
Locals and Mpram field measuring 29/03 /23
Mpram minister and PHIL MALONE 30/03/23
PM Rns paperwork ready for signing 03/04/23
Mpram minister in Parliament 11/04/23
Phil Malone in Parliament 13/04/23
Local meeting for voting on land issue. 17/04/23
Paperwork uploaded for new blocks next to PMs blocks 11/04/23 and 17/04/23
I remember many of the more positive posters saying they'd be getting concerned/frustrated if there was nothing by end of April. The market is having its say today.
If you truly believe LP is coming, then don't worry what the more negative posters say. As Curious says, it means they are creating an opportunity for you to top up on the cheap, so what's the problem?
I think he said hed will come in 1-3 months
The CEO said it in one of the LSE video interviews that he had been assured in October it would come in 1 - 3 months.
//We were promised this end of January tops//
Sorry, been through the RNS’s and I can’t see that. Could you point me in the direction of the promise you mention?
Glad to see look like mr Sneaky Doc is not holding ;)
People slate the "derampers", but Christ alive are the rampers working hard today. Sadly, to no avail.
Still same can sell 500k share easy but can only BUY 100k share
Buy order theory may be correct
Does not matter fraction penny move nothing for when RNS arrive & multiple RNS we can expect
Happy & relax :)
Funny if the LP came tomorrow
It would be great if it did CW !! We were promised this end of January tops
Must be another Big Buy order MMs trying to fill.
We had almost £95k worth of 3 Buys reported late on Friday. Something a foot. Someone wants in before news....Hmmm
Follow the money...
//slight delay.//
Must be the understatement of the year!
I could be here at absolutely any moment... this week would be nice to see the break into double figures!
The lp news came tomorrow
Ninesandtoes, that's because some here are still trying to get in at a lower price hence the negativity, let's put it this way if any of us bight shares here and some one ramped it to the high heavens and we all multibagger would you complain? Nope becaus ethe reason we are all here is to make money
These guys are nagative because they have an agenda it's quite clear and every one knows, they think they are smarter lol but the share price disagrees with them,
I seriously think next week once dust settles the so will take off again due to LP and velociraptor news being closer and spud date also month after
This one will come good no doubt. Its a question of having patience and showing some spirit during this slight delay.
MB and others around him will need to make announcements in a matter of days.
GLA
Price is down today but it should be up mms at work possible large order being filled def being manipulated
Wish i had 100k to put in here!
Just bought another £7000 at 536
You can call it ramp I call it informing the market with real evidence that PM will be a producer in 2023
As an investor expecting good news soon I would much rather the starting point to be as high as possible before this news drops. If informed posts help to attract more investment an in turn help the price to rise I don't have a problem with this. Not sure why any investor would to be honest.
//It's gone from 2p to 6p. So it's working//
so you ADMIT it is a ramp!!
It's gone from 2p to 6p. So it's working