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Was not going to do post but header say all & good time to have really close look - this is difference between emotional PI running around without heads and more calculating investor.
- FUNDED INTO 2025 (with Petrovis drawdown option also) - Oil will not go away so cash situation should help you to not explode with misery - if stress to much or you do not believe cash position - SELL!
- We have Block XX asset (proven oil) & also extension into est 3 Bn proven & producing Toson Uul basin
- As Mining Minister say difficult to get foreign investment (no surprise with beauracracy) but rule changes happening and PM well position - when Foreign companies come in I 5hink a LOT of JV partnerships / Opportunities for Petro Matad.
- Domestic Company view by Govt (and look like people now with dialogue)
- 2 "Huge Blocks" which are part of Proven basins
- Renewables with multiple, easy access funding options ( check full AGM presentation & major BESS financing structure by ADB).
- Cabinet Approve State Special Certification (will discuss)
- Local Sum Agreement ( will discuss).
2 point above is critical to understand because Priority - land access to start operations for OIL PRODUCTION.
This is main point - some people argue 'we will never get oil'. This argument does not make ANY sense but has help price to get so low. Country WANT & NEED oil and Mining Minister interview is just another confirming of this.
Problem has been beauracracy & old laws that needed to change (with some COVID we can throw in).
Where we REALLY are if you block out 'Hysterics' is right on point of Oil Production / Revenue go ahead (and with well funded position) - this is where some are trying to convince you to Sell!
As Investor this is madness (imo)!!
The Govt are looking for there PSC revenue / Local Sum looking for it's 'benefits' / Protestors recognise Petro Matad as DOMESTIC company (and being prosecuted) & Petro Matad position for Massive accelerated GROWTH with business strategy to expand company into heart of Mongolia Energy space - result is massive shareholder value increase.
But some small PI bulletin board posters want you to sell right at this transition point! Madness.
Make own decision - clever ones would be accumulation for business strategy play out imo
🦉
The fact the Mongolian government has had little to no interest from foreign investment for their projects will hopefully, finally, mean that the penny will drop, and the realisation set in, that Mongolia is viewed as a poor investment scenario, due to the legal and political mess.
This may very well be the impetus needed for them to realise that they urgently need to be seen to assist Petro Matad.
By the sounds of the comments on the video link that Master posted yesterday, it sounds like a lot of Mongolians are fed up of the corruption in their nation and it stopping foreign investment.
They also seem to be unaware of Matad, and that we have been waiting for over 5 years now to simply be allowed to extract Oil at a huge expense to Matad and it's share holders and also to Mongolia from lost potential revenue.
You'd like to think that Matad are hopefully trying to make the right Mongolian people aware of the fact that we are invested and have been stuck for 5 years now to apply pressure form within.
I wonder if the government is involved in this corruption. Hence we have been passed from one agency to the next..
The government has the power to implement the cabinet approval. What is stopping this process.
If it's approved by the cabinet isn't that above any single person.
The question is why has the land access become an issue in the first place.
Who is to be blamed for lack of publicity?
Hasn't petromatad had enough money?
What has the BoDs and staff had done?
MB doesn't even bother to live in Mongolia, why?
MB had many opportunities to speak out, like in Bloomberg interview and mining exhibition but he just said " the process seems takes a bit longer". He didn't clearly said matd has been waiting for many years.
After so many years matd kist found out to engage with activists! Why did it take so many years?
I repeat the main problem is that MB is NOT living in Mongolia and therefore he is NOT aware what is going on.
All these matters can be solved fast and matd can shine but MB hush hush attitude doesn't help.
Agree Hamm
And do not forget Petrovis. They could have done what was needed. In terms of politics and publicity.
But they have not. Says a lot. Still think mongols just want the oil for themselves and not share the benefits. Petrovis part of solution and will get bigger stake then now ?
Just doesnt make sense... and put simply that makes it uninvestable for most.
Still enough to do for traders and punters
Mr Aeschylus / Mr Bluchipz - good points.
Think main thing is right people ARE aware of Petro Matad but we have been they process of Legal reform / Beauracracy procedure setting ex Exploitation Licence process and others.
Legal big ones was Land Laws and Investment Laws.
This is why I say in original post (07:04) that now this changes in place we are at right at point of launch where we get maximum benefit because Petro Matad see this thru.
Petro Matad will already have built key position in Resource rich Mongolia and will be access for other foreign businesses to operate thru.
Screaming & shouting with hysterics? - better to sell for these ones I think because this emotion will achieve nothing.
What we see very clearly from AGM (some of us see anyway) is how much other work go on behind the scenes.
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Wos,
Simple question
Why a CEO at this important time doesn't bother to be/ live in Mongolia where is supposed to be?
5 years and still waiting. MB was a speaker in ME, but didn't speak out, why?
Hush hush attitude of MB!
He was in isle of MAN! We still don't know why?
Why petrovis as a big massive company in Mongolia doesn't have any influence?
The Mongolian people working for Matad and especially on the BoD and should be all over this and making as many of their fellow Mongolians who are sick of the corruption in their land know that Matad has been held up with never ending and new requirements for 5 years now. I can't find anything to show that they have done so as Matad have next to zero PR or publicity.
First - MAIN investment points are ones I Mr Hamm
I put in 07:04 points. That is a really my focus as Investor.
Mr Bucks residence? Not really what I focus on.
Petrovis 'no influence' - if you say so!
I do not really believe spending time on this BB discussing issues with you make difference - you have your agenda here. I will suggest you sell though if that helps - why dont you?
*Mr Bluchipz - fact dialogue open now with protestors, recognize Petro Matad as DOMESTIC company, Local Sum taken on field missions & vote by Big majority for Agreement (yes still need signing) tell me Petro Matad staff working hard - all while setting up Renewable JV company yo maximise revenue from potentially fastest growing energy sector.
🦉
Matd has managed to spend $100m or so in the last 10 years.
How come they haven't managed to have a proper website?
( any trader/ plumber, electrician over here has at least a website).
Shouldn't they have an IT team. Website team, customer service team, legal team etc?
I repeat the big question is who does MB think he is that he can't live in Mongolia?
Why petrovis ok that MB to live in Singapore?
Agreed that a comms strategy focussed on correcting misinformation and educating the locals about the company (ownership, aims, benefits tolocals) is key right now.
Agree facebook and twitter pages in mongolian aimed at dornod residents wouldn't cost a penny and would benefit greatly to challenging the myths that have grown up.
Why not ?
WOS, stop talking about renewable. Renewable is a big scam which only survives with big subsidies!
MB could have made a website (Godaddy) himself while sitting in his comfy residence in Singapore.
What can he do in Singapore? Why can't he stay in Mongolia?
Big potential but abundant mismanagement. Half the blame should be on MATD bodrs.
We are still here after 5 years and still waiting, why?
How many elections do we need to see? How many Naadam festivals should we see?
Mind you we are mid year nearly and nothing really happened yet!
Mr Aeschylus - agreed!
Mr Hamm - LOL!
🦉
Wos,
Is that you who are dumping the shares?
🙄 - Keep it sensible & NO! Daily volume also very low.
🦉
I must say IMHO Hamm is right on some of the points he is making
The board have not been assertive and have taken their eyes off the ball. Everyone keeps saying this has massive potential but there is zero potential until the black stuff is out
Many like myself are LTH and were driven here to capitalise on the drilling. I think if I am totally honest most are getting fed up of the constant excuses and delays but than there is not a lot we can do about this. We are bearing a heavy load on our backs I the hope that it will be worthwhile and come to fruition
Wos...where you are focussing on the so called positives to this investment ( it's a punt ) we long term holders are being
a little more pragmatic about our investment.....in that in reality it ain't going know where and hasn't for 5 years anytime soon!!
Take your rose tinted's off and ask yourself why this is now just a punt !!!
Next spike above 4.8p and i'll be out with my initial investment, no profit, but hopefully still got my shirt .
Personally dont expect the share price to move untill end of month, possibility that the land use after 3 months 12 weeks is more likely to get done in June with the way MG have been working so far
What really surprises me is that despite oil is required for internal consumption to stop its dependency on Russia and others the MG is not looking at this as a golden opportunity .
It beggars belief
The Indians will be completing the 800 million dollar refinery soon and it will be more than capable of handling the crude.
This just goes to show what politicians can do when they have their own agenda
"Next spike above 4.8p and I'll be out with my initial investment, no profit, but hopefully still got my shirt ."
Lockie - I honestly don't see this going back to 4.8p without us having it absolutely 100% confirmed we can produce oil from Heron.
"Personally dont expect the share price to move untill end of month, possibility that the land use after 3 months 12 weeks is more likely to get done in June with the way MG have been working so far"
Given you've been wrong wrong wrong every step of the way, personally, everyone should ignore your guesses!
Roxy, it does beggars belief. And it has to be down to corruption/foul play.
Did the new UK ambassador out there make any comment on Matad by the way?
Doc you are right but even a corrupt administration would have sorted this out in five years