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Think some people did already decide to sell at spud & why price dud go down even though RNS was positive.
Progress in LP process & confirm all internal work done with documentation already submitted to other Ministeries. Remember this could have happen weeks ago before RNS release.
V1 drill on schedule and research show company often lower COS and fit in with what mr Buck say "Wildcat drill with better then wildcat prospect"
This is on excellent source rock & in WORKING PETROLEUM SYSTEM.
Main thing is Petro Matad already have asset to cover risk & V2 drill paid for. This is not "all or nothing" drill.
People say "but no LP" but also say "sure LP will come not when & will multibag 300%, 400%, 500% or more.
Now LP in Cabinet hand and NOT local govt with process now we'll advance to last stage & multibag on issue can see how money will pour back into investment & share price back up.
Even with no oil at V1 Special Certification issue will multibag price. All know this & why share price rise inevitable imo.
Investor sometime forget all other thing like 2 BILLION barrel PROVEN & IN PLACE in Tosuun Uul Basin which Petro Matad will get revenue from.
Some people make every post attack on other posters & no research/ information.
Logical research tell us with or without Velocirapror Petro Matad SP will multibag from this levels AND the Special Certification WILL be issue soon with last stage of process for this.
Buy or not up to you but ones who complain most loud about stock are one who look to buy really ;)
Be happy & with good idea price will multibag ROI from here :)
Some people just use this BB to gossip about other ones. Better to share information & research base opinion for useful BB
Investor chat not girly chat please :)
I would say only two agencies need to check the paperwork. Environment and tourism ministry.
I cant think of any other ministry who need to be informed.
I am positive that 3 weeks should be more than enough for LP to be passed off.
The Mongolian Ministry of Construction & Urban Development has now completed its internal work on certifying the exploitation area as special purpose land, and has submitted the documentation to all other government ministries for comment prior to submission to cabinet.
Petro Matad said it has continued to press the relevant authorities to conclude this process.
For the past year, the company has struggled to certify its flagship licence in the east, due to local opposition. Most recently, meetings held on a provincial level in the Matad district saw citizens committees vote against the central government’s certification proposal.
The locals rejected it in end of September 2022 that's not recent
Was very good RNS which show good progress of Special Certification AND our V1 spud.
Think 1-3 week correct depend on how long ago they did submit to those Ministeries which could be few week ago. Same as transfer from MMHI which could be weeks before 22 May RNS
Main thing good progress & last stage now.
Very good finally out of locall govt control & in direct control of Cabinet.
Since then there has been so much noise against PC. LOCAL GOVERNOR organised a protest and was on local news channel but PC still operating.
Once the government gives go ahead there's nothing locals can do.
//Once the government gives go ahead there's nothing locals can do //
IF the government gives the go ahead...
Government will give LP. They have no choice. Contract has been signed and it'll be suicidal if they don't.
& the eco-warriors don't start gluing themselves to stuff!
Some poster here know lot more then staff reporter on sharemag who have to write daily report on many different share
MMHI take direct control from governing body to take away decision from local govt. Mr master even post local govt people who say decision not in there hand because Cabinet overide them.
Thus us also why they put in law last year to punish any interference in this type of decision by imprisonment.
Staff reporter will not know all this information on share & this is what mean by sharing if good intel / I formation on BB chat :)
If people (really) think Govt not give SC then do not invest same as do not walk out of front door if you think brick will fall on head lol
One who has research Economy & govt drive for oil exploration / foreign investment can see picture bit more clearly.
Mr BP
New law to put eco warrior in prison if they obstruct this. Do research ;)
Yep usual derampers are out and will be watch out and ignore these vile animals
Badarmpit
Curiousbiguy
Dog83
Surf1
Last post in these wasters, best everyone ignores and just report every post,
Rest great research great informative posts and continue with something useful to the board for some here to understand
Thanks you
Think will take mr Rich advice and ignore all poster who just want BB to be gossip column lol
Please share good research / intel and be fair to other reader or keep finger somewhere else keep away from keyboard please ;)
Thank you
//Government will give LP. They have no choice. Contract has been signed and it'll be suicidal if they don't.//
Well that's the hope/gamble in a nutshell isn't it!
Popular post though. Unfortunately liking a post doesn't mean its "true" but just what one wants to be true. (Its called confirmation bias).
As for research, it is non stop misquoting on here as far as the eye can see!
Girly chat? How are the shopping trips going? 😉
I
WOS keep posts factual, from RNS's or Mongolian Government websites. Use words could, might, i believe, in my opinion. Refrain from saying LP will be here on certain days, weeks etc and SP will be this. Always state stuff like this as your opinion only. A daily update or re confirmation of the potential of PM is great for newbies who want to see where PM could be in future. If you are then questioned, sl*gged off by certain posters their motives will be crystal clear. Forget the name calling like sneaky. They will show themselves for what they are
Dozz - well said re WOS, totally agree!
It's good to be reminded of the factual positives and uplifting mood from his posts, keep it up WOS 🙂
And WOS and if your posts are as mentioned as per below, keep them coming on a daily basis and as many times as you want. If someone is invested in PM and wants it to do well they will not mind the posts, but people ie traders, shorters are on here you will tell them a mile off
It's called a two sided debate. With some calling so called highly debatable and loaded/biased "facts" into question. If you don't find that useful that could be down to your preconceptions and prejudices? Just a thought.
Best go elsewhere if you just want confirmation bias posts perhaps... or use the filter?
As for WOS telling posters to be fair, he just won the steaming hypocr!te of the year award!!
The LP is well overdue we all know that, Mongolian red tape and slice of pie chasers are holding it up but I'm confident it will be resolved soon enough.... before month end my guess...or definitely before we reach TD (30 days from the 13th June) but i cant see it being that long. One thing I'm sure of is the current 4.3p entry price will be history a few short weeks from now.
Interesting last few posts.
Some relating to specific events and comments that have been made RE the Mongolian Government's intended actions and intentions. Firm, hard and based on facts. And all suggesting that the Heron certification is chugging on quite nicely thank you very much.
And some rather lame 'IF' and 'what if' posts from Badprophet and Curiouser suggesting that what's been said and is happening is somehow just a smoke screen to obfuscate and confuse the uninformed investor.
And while this bulletin board discourse continues in its usual Tit for Tat way in the real world the Velociraptor drill keeps turning and the Ministers sit at their desks working through their 'in' trays.
Both will reach their inevitable conclusions over the coming 4 weeks or so.
In or out. It's make your mind up time.
Mr Dozzababa / Ms Viking lass thank you & will continue post on fact base
Also will say this
When someone say "What if Govt do not give LP" maybe they should say "what if I go out today and get hut by lightning"
This comment have no practical use to investor. If you believe this then do NOT invest & this is simple.
What have use is intel / research on Petro Matad AND Economy / Govt / Sector to help investor in decision with using intel.
To say "what if no licence" maybe better to explain why they think this using CURRENT intel / research otherwise comment have no use.
Make sense for useful BB I think :)
The doubters/realists have been right so far.
However we should know all within 6 weeks. So no need for anyone to post.
Aye - only time will tell, then some on here will have to eat their words together with a massive slice of humble pie. I hope it's me!