The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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“Is the risk vs reward here good? …. Yes”
Agree with that. Just that some would have you believe there is little or no risk!
Sheesh the debate here.
Is the LP gaurenteed? …. No
Is the LP likely given ….. Yes (more likely than drilling for and finding oil!!)
Why? …
1) all the work competed to date as uncovered by master 82
2) the government want the oil pumped and sold
3) the government have to show they can work with outside companies to attract investment
Is the risk vs reward here good? …. Yes
Not much more to know. Invest on this or sell on this.
The retained Exploitation Area includes the entire extension into Block XX of the proven and producing Toson Uul Basin. This basin contains an estimated 2 billion barrels of in place oil in the PetroChina operated areas in Block XXI and XIX immediately to the north of Block XX. Under the Exploitation Licence, the Company can continue to explore in order to increase the proven reserves within the area and has identified on existing seismic data, prospects and leads within the Exploitation Area with recoverable resource potential in the range of 100MMbo to 200MMbo in addition to the potential seen in the Heron structure. yummy yummy. And if V1 is a hit definitely happy days :+)) GLA
If you read RNS under Block XX section it say
"Documentation ALREADY PREPARED by the Ministry of Mining and Heavy Industry and CIRCULATED to other relevant ministries in advance of submission to Cabinet"
Paperwork all complete and now final Signature any day now :)
If you read RNS under Block XX section it say
"Documentation ALREADY PREPARED by the Ministry of Mining and Heavy Industry and CIRCULATED to other relevant ministries in advance of submission to Cabinet"
Paperwork all complete and now final Signature any day now :)
iamrich - and why do you think we need to hear your inane "this is going to smash 6p this week, 15 p next" blah blah blah crap?!
*2 more green boxes from my friend WOS the POS. Lemme guess... some kind of derogatory comment and then "be happy"? LOL.
Resistance 5p, 9p then 33p.
Think build up to Velocirapror / LP first 2 going to be smashed through. Then DQE partnership RNS, New Licence RNS all can see where go
Happy to be holder of MÀTD at this transformation time :)
Lots of trader now CRYING but will cry more with breakout happening.
Do not understand they say Velocirapror in June so think will BUY in May but lot of investor BUY early & why breakout will happen early. Very simple logic
LP clever one see now go trough SPECIAL DESIGNATION and Central Govt 100% behind this. Paperwork get sent to Cabibet & sign so could be in few day.
Why you think new licence on offer & Mining Minister go on tour to attract foreign investor?
Trader like mr BP & sneaky Doc say this morning "flat fart" but will be them farting with fear now because MÀTD price breaking out.
Fart now or pooo later. Your choice because SP just start BREAKOUT and will be much much higher over few days
Happy to hold my MÀTD share & have pant up :)
Doc83 yes you keep your feet on the ground and make everyone here be sensible, why are you so worried about the rest of us? Lol!
It's important to read the RNS very carefully. Overall, it's positive but there could still be a way to go yet.
As it stands, nothing has even been submitted.
"Documentation has been prepared by the Ministry of Mining and Heavy Industry and circulated to other relevant ministries IN ADVANCE OF SUBMISSION TO CABINET to secure approval to certify the Block XX Exploitation Area as a Special Purpose Area... we are pushing for the matter to be brought to cabinet urgently..."
"We continue to push the Mongolian Government FOR the certification of Block XX... and are pleased that the Ministry of Mining and Heavy Industry is PROPOSING the certification on the grounds of this being a project of national importance."
To reiterate for those that are a bit dense - I am LONG MATD and want this to do well. I'm still keeping my feet on the ground. Words like guaranteed and 100% are irresponsible.
Aspers - I wouldn't be surprised to see this creep up a bit more in the coming days with the RNS and positive expectations stoked once more. But if the LP doesn't arrive within the next few weeks, it would surely drift lower again.
It would have been nice if the RNS had given us a bit more of a clue about how long decisions that are "in the national interest" take to get through central government. Is it days, weeks, months?
Greenbacks……..I will be sticking with my estimate of 3p and I have very good reasons to say that. Time will tell.
April fools day is gone - stop talking sh@te
4.3p resistance then 5.4p….
A sound and reassuring RNS....so sit back and chill in the knowledge that things are definitely moving in the right direction.
Been in here 3/4 years now (Was also here in 2011 when we were at circa 150p ) so what's another 2-4 weeks / couple of months ?
Next week or 2 this will climb to 6p then LP lands and boom!
Loads of decent buys rolling in today
I see your 90k and raise you 10k old bean.
more good news..
+16
Angela Barnes
Mon, 3 April 2023 at 9:00 am BST
In this article:
RYDAF
-4.45%
SHEL
-0.69%
000001.SS
+0.72%
CL=F
+5.35%
^FCHI
+0.38%
^GSPC
+1.44%
^IXIC
+1.73%
^HSI
+0.04%
GBPEUR=X
+0.0686%
GBP=X
-0.2096%
EUR=X
-0.1193%
^FTSE
+0.69%
^N225
+0.52%
BZ=F
0.00%
^GDAXI
-0.01%
GBPUSD=X
+0.1905%
USD=X
0.00%
^DJI
+1.26%
BP
-0.11%
BPAQF
+3.86%
FTSE This file photo taken 14 October 2003 shows a tourch burning excess gas on a Total platform off the Angolian coast. Oil prices continued to strike record high points because of supply concerns after an unspecified threat caused the United States to shut its embassy in Saudi Arabia -- the world's biggest exporter of crude. AFP PHOTO MARTIN BUREAU (Photo credit should read MARTIN BUREAU/AFP via Getty Images)
Oil markets in focus after producers announce crude output cut. The FTSE rose on Monday. Photo: Martin Bureau/AFP via Getty
European stocks and the FTSE 100 opened mostly higher on Monday with oil stocks gaining ground after top crude producers announced an output cut that will exceed 1 million barrels a day.
Misterpositive ..There is no need for sarcasm !!
Look at what I am saying ...If new investors read this BB and we who massage on here tell it... as it is.. then that is better than trying ramp the share with none facts.
So we know that the L.P is looking good and if we speak the truth and say well there is a certain amount of risk in it not happening ..
However that is why the share price has not increased as much as it would have done had the Land Permit issue had been resolved....
Showing new investors and readers that there is a risk but the rewards are high if you are willing to take that risk..
Now I think that should be O.K to say without getting insults ....
Everything MATD is doing is geared to get the LP finalised... its soooooo close and once finalised we are in double figures ... then upwards from there...another 90k top up could not be resisted!
Price crashed 10% today. So let's all sell before it crashes to 10p
Ok. PM won't get L.P..
Let's all sell up before it comes crashing down.
Hello, to all the "Real Investors of Matd'r"... I am gonna make a punt"... by end of April,... Matd'r willl see a SP of around 54p".... GLA - I hope im correct".
Should have read ‘Submission to cabinet’