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β BUT
I expect RNS to be FULL OPERATIONAL UPDATE with DRILLING /FIELD DEVELOPMENT SCHEDULEβ
If we donβt get this on or before the AGM, the SP will surely crater.
"sit on the sudelines" if you want & take chance once RNS is released ! This is your money & your right!
BUT
I expect RNS to be FULL OPERATIONAL UPDATE with DRILLING /FIELD DEVELOPMENT SCHEDULE.
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Mr Benjamin - if you notice just from discussion around developments most BB posters do not even understand basic circumstances like differences in Plan A or Plan B, how Land Law protect Plan A and many other things which more Research into background give.
Also we see meeting with Mata Sum Council by protestors, what headline was, comment translations etc
Not surprise Market has not respond yet but some Investor laziness is where OPPPORTUNITY is actually - if you RRSEARCH it is VERY CLEAR!
Like I say Buy, hold or sell - really no problem - I have been Buying & Accumulating so happy with my OWN position.
All others do what you want - I will keep posting Research and you can use it or not! π¦
WOS
If this was such a sure thing as your header suggests, the market wouldn't be valuing the SP at it's current levels. My regret with this one being slightly underwater, I should have sat on the side lines until that all important RNS arrives.
Header say ALL - FULL OPERATIONAL RNS which should give Drilling schedule for 2024 Season!
*Company already in planning process with Contractors from 1st March RNS & final Export/Sale contracts with Petro China.
Price have had chance for lower entry holders to exit & expect Strong push into double figure with important company move to Production / Revenue.
We can say goodbye to ones who have been here complaining for so long & wish them good luck with other things while Company start to build from Revenue / JV Partnership & move toward fast track full field develooment.
Buy or not, your choice - wait for RNS, your choice.
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Mr Professional
I understand you feel threathen by me.
Why?
I upset your trading agenda with fact base post & Investment based strategy.
Think (almost) EVERYONE here understand thus by now so no problem.
GOODBYE!
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DQEwho we expect to be Petro Matad JV partner are sister company of Petro China so will be strange for PC to try to sabotage this. Also Mr Buck has dealinng directly with them & all feedback Very Positive /good relationship / helpful. Add to this MRPAM who fully support Petro Matad production start and whobmr Buck say are on "both sides of negotiation."
Plan A District decision cover by existing Land Law which I make point to mention always.
BUT
This is my view on this from all research and if not sure is your money to invest how you like.
Maybe better to wait for RNS for some & again own choice π
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HI WiseOwlSpeak
The wrong Ripley there is indeed a Mr Ripley on this site , posts on one of the boards I own shares.
As for the RNs on ramp day not sure of your point ?
Unless there has been another which sent share downwards.
I'm still waiting for these multiple rns's π
Mr Sagemen - well intention come from WELL INFORMED (Intel / Research base).
Always leaks? Not if you look at past major news pieces when price SHOOT UP on RNS (even if it retrace later for one reasinon or other).
Will keep Well Intention / WELL INFORM view on investment!
Mr Hamm / Mr Cybertron - I believe Paperwork all sign for reasons I give before.
Will say again to all - Buy or not no problem - happy to carrt on ti post my opinion base on RESEARCH! π π¦
WOS, I believe that you are well intentioned but somewhat misguided. You are having no impact on the SP. I can assure you that people close to this know exactly what is going on. There are always leaks. The lack of RNS, the lack of drilling and the SP speak very loudly. You are not in possession of information that no one else has. and in the meantime the SP drifts.
Ibiza28 ; no, not many are buying this share at the moment, and that's been the case in between RNS releases throughout the history of the share price. That's because if you look at charts with volume going back years, the volume generally only shoots up when news happens.So, on the last RNS daily volume peaked at 18.5m shares, whereas yesterday 3.75m shares changed hands.
As I keep saying, when an RNS is released it triggers the trading desk algo trading bots, so volume immediately shoots up automatically. This recent drift lower has been on low volume. with the highest volume of 4.9m being the day before the tax year ended.
WOS ; people are right to still have concerns about the LP paperwork - it did state in the last RNS that the governor might try to interefere with it being issued, and that therefore they would ' remain vigilant ' It's not correct to say that it's a done deal, with no risk at this stage. I remember Hamm stating even before the last RNS was released that ' there is no risk ' so I think people need to be careful, and stick to the facts.
Let's face it, the only predictable thing in all these years of the MATD saga is that with each turn some new obstruction has emerged. Mongolia is an extremely difficult place to do business, as the bureaucracy is still rooted in the Soviet era...
Cyber, not ANY day now. Itβs this week, you said yesterday!
βGood to be "vigilant" but still all pointing to Operational start for this Drilling Season.β
When exactly is the start of drilling season? Is there some kind of formal date, ready, set, go? Or is it just when your workers think they can survive the cold?!
Last signature will be done soon as they get this land use agreement drafted, don't forget this maybe something new to them and may also need checking out by their legal teams and toing and throwing going on, should be done about nowish as we come to 6 weeks since last update,
Any day now
All in one page!
Brent oil is $91+,
Weather is 12Β°c,
Praying is going on,
Herders have got their money,
WOS has all intell sharing,
Doc still nagging and bad mouthing,
Professional intending to short but scared,
Dornard governor refused to sign,
Activists pretend to care,
Government claims supportive,
MB still in advance talks!
WE JUST NEED THE BLLLLOOOODDDY LAST SIGNATURE, ANYONE HAS GOT A SPARE PEN PLEASE?
A prayer to the Universe
Dear Universe
Please can one s.odding thing go smoothly and simply for this company. The soum voted in favour of allowing drilling on Heron, so can we simply have confirmation that that vote has been signed off please. Amen
132 Tonnes of fuel happily take by herders also! π
Let us see RNS then! π¦
Mr Ripley - maybe have a look at RNS 1st March to understand RISE you talk about! π
Be Wise π¦
I understand point Mr Aesychlus but also why I mention always PLAN A local authority protection under Land Law which does override any Dornod governor authority.
Good to be "vigilant" but still all pointing to Operational start for this Drilling Season.
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They also talk about how they have LOST and how hersr sell out land for furure genetstiin to foreign company for cash - think about it!!
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Was it "hand shake or nod"?
From video of visit to Mata Sum Office few week back Mata Sum official showing them sign paperwork which is where all comment of $200k come from - check video 22 March.
Remember comments talk about Land sign away and video header mention Petro Matad directly - "What Will Happen if You Have No Money and No PlaceβΌοΈ Get Out of My Land PETRO MATAD!!
Like I say BUY or Not but from ALL Intel we can expect Full Operational RNS for Block XX Development! π¦
Yes WOS, but an agreement with a hand shake or a nod isn't enough to commence pumping oil, is it?
You can only commence operations if the bureaucracy has functioned and the official permit has been signed, sealed and delivered to authorise MATD to start.
Anything stuck in their system is worrying as delays go on for ever in Mongolia.
I am sure it will happen, but delays and change in leadership that could cause longer delays in issuing the required authorisation is a real concern here.
I agree with you WOS about the different routes to progression (plan A and plan B as you call it) i.e. that there are two routes to progress: the first (A( is that the local soum has voted and agreed that work can start on Heron. However MB did himself caution that the governor may try to intervene and scupper this so they would remain vigilant.
So until we get confirmation that route A and/or B (B being the more overarching approval not the limited version) has been signed off, then I don't think we shouldn't get too ahead of ourselves.
Plan A Local Sum Agreement reach - election have nothing to do with it as Operations will be already planning with contractors based on Agreement.
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