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Master82; you wrote ; "Government has been dragging their feet to get a land access."
However, my understanding is that the SP tripartite agreement has already been signed by the relevant government ministry and MATD, and that the third signature required is that of the provincial governor.
It's the District land access that is the one that we are more likely to obtain soon - the SP agreement may not even matter in the end if the District issues permits for 2024 and 2025 this year once operations get underway and the locals seem happy.
One thing I have learnt from all this - AIM speculative shares such as this one are better traded - to just put a chunk of money into something like MATD, and then to wait for potentially years that it will come good makes no sense, and is super risky. The other day a NASDAQ stock went up 500% in 90 minutes, yet investors here would think that they had hit the jackpot if MATD went up 500% from where it is now, having waited 5 or more years for a decent return.
If we get back to 4.5p soon then I will be making a decision as to whether to take about a third out, with the possibility of buying in lower. There is an incredibly strong resistance level at 4.5p, and the price has rejected multiple time at that level. A lot of shorting algo bots will kick in at 4.5p unless the District access permit comes through before then, so that the share price on very high volume punches through to resistance levels quite a bit higher up - say 8p or 10p.
Investor33. I follow other companies in Mongolia, I have found that other companies started after PM and they have found gas and are now selling their product. They did not go through all these procedures or were held back.
The talks to access to facilities of PC has been going on for more than 5 years. Why would this take so long. There is no reason for delay. The government should be dictating as they are a shareholder in the PSC .
The governor has no control over PC. They have been breaking laws and no powers can stop them. Why. Lot of politicians are against PC too..
My opinion is PC is the reason this has been delayed.i can not find any other reason.
Remember Heron field is in middle of Nowhere. How did locals know PM was drilling heron. It's hard for the locals to find out unless someone has opened their mouth. Use Google maps and you will see how far it is from the Matad town.
Also why did DQE approach PM. They still want part of the heron and do not want to let it go.
I don't blame them as PC has spent lots of money on the infrastructure and the oil in their fields are declining.
They knew oil was in block 20 . It's few meters away from their wells
Good point master82 - DQE tieup would give PC an "in" on our block which is sound finincially and for a future reflected image improvement.Or even a bid some years down the line.
RNS will land just as everyone gives up on waiting for it and lands suddenly
Master82 ; well the Chinese are parasites for sure. Look at what they are doing In Africa with the natural resources there. Communist regimes are generally pretty ruthless - and of course PC is state owned. I guess all oil explorers in Mongolia have been tarred with the same brush.
You are spot on investor.
The loans they have given fo
I'm sure the British empire did the same if not worse in Africa and around the world,
The loans theyhave given for infrastructure development are tied up in such a way that the poor peasants won't see any benefits for generations
Https://www.youtube.com/watch?v=kEyTOQuvfKM
i have just been watching this interview. Not relevant to our subject. But the Chinese guy in the interview looks very polite and reasonable. The french senator was quite rude towards him at the end of the interview., which is no good. Everyone deserves respect, probably insulting each other is the cause of all misery in human society.
people protective of PC and PRC, i respect them as well. we cant live without each other in this modern world anyway. Maybe our pro PC chatters in our BB available persuading their red bosses, so they can whisper to someone's ear and Booooooom. 5 years of misery can vanish instantly and we all will be happy :-))))
You tube - "Chinese money trap", its roughly 5 minute video, it'll open your eyes on what they do -
I dont care about their money trap etc. all matters is PM become producer within 2 weeks work over. At the end of the day PRC is the second world economy and deserves respect. At least they want peace in the world and respect sovereign country's border, not same as the Rus bears. i think Mr.Macr realises it which is good.
“At least they want peace in the world and respect sovereign country's border…”
Is this a joke?! Genuine, is it?
We are all slaves to the money men. Banks. Chinese .IMF. loans will keep the poor in that bracket and the rich will just get more rich.
Yes genuine. so what? i dont want to be involved in a stpid discussion wth you. Mr.Macr realises it, if you want to debate talk to him haha. maybe u go now to Élysée Palace. Good li=uck.
LS, China want peace in the world?
Have you seen what they've done to the Uyghar Muslims, Hong Kong, intimidating Taiwan, bullying and terrorising territories in the South China sea, the hacking attempts on various nations and refusal to condemn Russia for Ukraine and more?!?!
Mental.
It is their internal affairs, maybe SC sea is quite a bit complicated. The west should recruit C on thier own side instead of being adversary. 15 years ago times where good everyone was looking for prosperity not adversary. But again have you already come at the Palace? again talk to him not me:-)))
Doc I have to give you top marks for that .YOU are spot on.
The Chinese will NOT do ANYTHING in the slightest if its not to their advantage.
I agree roxy: In my modest opinion there are not a lot of arguments which would support Chinese activities - irrespective of their motivation. This country is scary to say the least; I just hope other countries/governments have their eyes wide open and do what is necessary to keep them in line.
De-risk biut not de-couple. Most pragmatic leaders in the world agrees with it. Myabe pro Truimpo and Russo supporters promote de-coupling, it will only prolong the ukraine wor. apologise enough for today's non sense. lets back to our discussion on PM and mr Bull. Hope he will genuinly bring us real Bull days very soon. Not again rus bear days over and over again.
Sorry one correction. HKG is thier internal affairs but one country two systems must be respected. Democracy should not be suppressed. i wanted to say that. otherwise all good. Have a good evening all. :-)))
No more posts from me until SP reach 35p as we wished for long time. GLTAH
Roxy2020 ; very true.
I have a good feeling about the next few days.......GLA
💯 !!
mr emotional good to hear you where finally able to ****. understand your good feeling.
wos : trading signal clear. lets go