Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Just out little while ago - Source Zasag_mn
Title: The Govt is Paying Attention to the Successful Implementation of the Oil Refinery Project
"Minister of Mongolia, Head of the Cabinet Secretariat D. Amarbayasgaka reviewed the work of the oil refinery construction project in Dornogovi Province"
The Prime Minister has decided to resolve these issues (relate to construction delays) in a SHORT period of time to continue the develooment work.
"With the completion of the oil refinery, Mongolia will be freed from deoe den e on oil & gas imports, A NEW BRANCH OF THE PETROCHEMICAL INDUSTRY WILL BE CREATED, and there will be a chance to reduce the foreign trade deficit."
"The head of the State Government emphasised that the government is paying attention to the Successful Implementation of this HIGHLY STRATEGIC project"
I will leave this with you but think anyone can apply logic & see what happening / how it impact Petro Matad & link with all Foreign investment work done by Mining Minister & Govt.
Also maybe ask how Petro Matad fit in with NEW BRANCH of Petrochemical industry & New oil block tenders / Xcalibur Multiphysics invitation with direct talk with Prime Minister few week back.
Person who say sillly thing like Govt save Heron oil from Chinese please have adult tinking about lost revenue from PSC lol
Any who sold today did miss this news & think lot of picture comeu g together.
Have good evening. I will :)
LP & duster - development of Heron funded by production revenue /offtake component & with DQE partnership.
Also remember 2 Billion barrel Proven & in Place in Toson Uul.
Please do research before posting ;)
Once the LP is given Heron revenue will not flow in sufficient amount soon enough to avoid another cash raise - please do YOUR research! hooot hoot
DQE partnership - terms agreed ;)
Also they are speeding up refinery completion as priority . News posted on Mongolian Givt official site
For me & other who do lot if research do not even think to be without Petro Matad holding.
Want to know more about new Petrochemical branch & if it relate to PM meeting in IOM with MRPAM / MMHI / Ambassador
Lot did miss BREAKING NEWS I post at 17:33 but maybe US investor who does research did not.
Very important and tell Govt now focus on OIL REFINERY to speed up construction which link to other initiative with Economy / strategic dependence
ALSO
"New branch of Petrochemical industry" which we look at partnership we think set up with Govt Mongolia & Petro Matad.
Do not know with 100% confirmation what meeting about BUT know do not fly high level MRPAM / MMHI people & Mongol Ambassador in person to Isle of Man for only Petro Matad company incorporation which does not involve them in BIG way.
New oil tenders, PM in country experience, Pushing SC through now with bypass of local govt, Foreign investor drive (which think new company is use for as face of communication).
Maybe US market bit more sensible ;)
Mr Hamm
"Mongolian oil refinery will open in 2026"
Not sure if you read yesterday news or pay attention sir lol. Govt get directly involve to SPEED UP construction.
Sometime good to use most CURRENT news sir ;)
Source: Official Mongolian Govt website (Mongolia.gov.mn/news/view/26708
Wos, the news was Mongolian and just 4 hours ago.
Sir this is guideline which is in existence for refinery completion. You will expect this to be forward now with direct involvement of Prime Minister.
Hope this help :)
Wos, please enlighten us, if no LP this year and 2 dusters?
What would be the share price if no LP in 6 weeks? 1p?
What would be the raise price? 0.0000000000000001p?
Just a matter of probability!
What if I walk outside and lightening hit me on head? Just a matter of probability
I do not invest like that mr Hamm ;)
Have done my research (think more then most people). I do not trade it so no agenda. Am happy with this
Also see soneti g else but not posting yet because will keep to myself
Be happy ;)
Also remember Petro Matad have Heron asset. Have extension into 2Billion proven & in place Tosun Uul Basin. Have SunSteppe Renewable JV
What will be be price WHEN LP come & this is MUCH MUCH more likely?
Do not worry mr Hamm unless you are trading. Be happy :)
//What if I walk outside and lightening hit me on head?//
We live in hope - I'll keep my fingers crossed.
Other news will wait until it develop but maybe another reason US know something and thus person BUY to push price +50% up.
Mr BP you do not hold share so do not need to cross anything ;)
Wos, please tell me what would happened to the share price if for one reason or another as for the last 5 years we don't get LP sorted?
3p?
2p?
1p?
Or less?
You're wasting you time Hamm - the rampers will NEVER contemplate or speculate upon a possible downside for PM. Period
Bad profit, yes, Wos Avoiding the question.
Wos, we don't need big news. We need just LP.
We should all know that in a couple of weeks before V results if no LP granted the share price will really tanks.
Then as we know there is no income or DQE, Renewable etc etc , then raising money would be the only option!
What would be the price on that situation?