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See big picture behind BB logic & understand why some look for triple digit development of Petro Matad into Multi Factor Energy Company.
All sign there & obvious with wide intel & research. Also check Mongolia Vision 2050 & New Revival Policy then maybe understand IOM meeting ;)
"Minister of Energy yesterday (June 2nd 2023) introduced Law on Enterprise Income Tax & Customs Tarrifs"
As part of New Revival Policy "Renewable energy will be developed. Energy sector will gradually be transferred to an INDEPENDENT financial and economic system. The energy sector will implement large scale development projects of National Economic Priority".
Do not miss forest because cannot see what happening with Petro Matad as develop into major Energy company partner with Mongol Govt.
This is very special investment ;)
Petro Matad Energy Ltd. company set up with Govt / Regulator / Ambassador in person attendance in Isele of Man
Do not see ANY problem with land access issue & why Govt did take direct control through MMHI and put through Special Certification as Project of National Importance.
Expect this BEFORE V1 result & dud say why before with Ministry transfer which must have happen before RNS update date.
Buy, sell hold check gas meter no problem. One who really see what happening is happy with holding :)
First thing first. LP should come before spud not before spud result or the share price will stay where we are if not lower!
We have been promised year after year but nothing materialized yet. IOM hide and seek! If important should have been informed the resean/result. MB seems likes to be cagey. As far as I understand good news comes fast. As long as MB sitting in his office and just sending letters nothing would happen as it hasn't in the last 4 years. All we heard till now is advance talking, everything is getting ready, at the last stage, needs just stamp bla bla bla.
I am still hoping we get LP sorted at the next RNS.
Sounds like a great plan and idea but at the moment that is all i see. A whole lot of ideas and very little cohesion. You need to learn to walk first before you can run the reason is very simple because if you run first you will not get very far before you collapse. ATM what Mongolia needs is some clear leadership and must admit from afar i do not see it. The latest debacle with the LP moving to the MMHI is the latest. A good leader would have foreseen this being an issue and given it to this department in first place or told the MMHI to get off their high horse as if they wanted it they should have taken it in the first place. This is management by committee and all you get from that is a mess. ATM we have a whole lot of people who have read whole lot of business text books and no idea how to implement them. So WOS save you grand schemes of what PM will become what is more important is what we want to become now and that is an exploiter of oil. This needs a firm hand and a strong leader not one who is prepared to let everyone have a go. IT is what i once described as Autocratic Democracy. AD is when everyone has a say but at the end you all do what i say you do or in this the leader makes the decision. If you do not like making decisiions then do not become a leader. LP first then start moving bit by bit to making PM and Mongolia into a multifaceted company as you describe. LP now not sometime in June but this week.
With no LP and V1,V2 spud with $4m cost (regardless of the drilling results ) we definitely heading for the next placing.
MB needs to get LP now or we where would be heading! Now you keep telling us rosy stories but they are all dreams unless we get LP secured today and tomorrow.
Think Mongol Govt have clear vision & good leadership NOW. Maybe not before but thing have change a lot. If do not understand this no problem.
Think they know enough how to build country & why New Vision policy in place. Text book logic only happen in BB where everyone have own idea how to run economy lol
Everyone free to make own decision Buy sell or hold so LP before spud or after not problem on my investment time.
Will come & happy for this so enough & with chance to build up my holding size :)
read this report and it will give you an idea of what the government is planning.
this part 2 of the 3 reports. the others are not pm related
https://www.********************584017169244932/permalink/1041902580123053/
https://www.********************584017169244932/permalink/1041902580123053/
https://m.********************584017169244932/permalink/1041902580123053/
We need MB to tell us what is plan b c and d etc if LP is not given soon, we need a definitive date, when and will happens. Simply stating at this late stage that everything is being done and nothing more can be done but wait is not really good enough. Do we wait 1 week, 1 month or 1 yr? Or even longer? How much longer?
https://m.********************584017169244932/permalink/1041902580123053/
https://m.********************58-----
Mongolian government might have a clear vision for future but it wouldn't necessarily mean we have the same interests.
National importance might mean different from MG than we shareholders. For us national importance means LP granted fast but for them might be LP delayed as much as possible. You used to say LP coming soon it could be any day, now it comes 'just' before spud results! Why it should be just before spud results? And if it doesn't come just before spud results or even after you would say it doesn't matter this year or next! Well darling , We have heard the same wording again and again. 4 years or so. Time to get LP if not expect placing.
Https://twitter.com/smasters2020/status/1665281897528786949?t=MumihDP1jRGRmKpLQKqJcg&s=19
'We need'
'plan b, c and d'
'We need a definite date'
We?
Me, me, me?
Mr Buck is running an Oil Exploration and Investment company, that's his job and he appears to be doing it to the best of his and the company's ability.
Your job is either to invest in that company or don't.
But seeing as you want to know the plans Rookie here they are:
1: Obtain Land Permit from Mongolian Government to extract oil from the Heron Field.
2: Drill the Raptor Trend Summer '23 to hopefully discover larger oil fields to develop.
3: Obtain further oil blocks from the current Mongolian Government process.
4: Plan and start to implement their longer term Green wind and solar power energy projects.
The above to be paid for from oil revenue, borrowings at commercial rates borrowed against estimated oil reserves or via further funding rounds with Shareholder dilution.
It's not complicated. Believe and invest or don't. Simple.
Or just continue sniping from the side lines like a whinging child on the back seat.
'When will we get there? Are we nearly there yet? I'm bored!'
Is very obvious most poster do not do research or read industry report so do not understand what actually us happen on Govt level & why Petro Matad so strong position.
Interview with Mining Minister mr J Gambaatar few day ago he mention about Xcalibur Multiphysics who I talk about weeks ago & they work with Govt on data & mapping.
He say "this is another duty of the Minister to attract investors. This is the best news for investors"
Most BB poster do not understand and why have excitement or breakdown over small penny price move. Some of us know from research what really happening here & why I say mr Buck is master strategist for company & shareholder even if BB expert think different :)
Badproof, sorry didn't have time to have a look here, that's nice your sitting down with a cuppa and enjoying the bulletin board on a Sunday morning where you are not invested,
I would like to ask you why this board is so special as we don't seem to get an answer from you?
Unfortunately I do t enjoy this board as much as you and currently in the bog as I write to you,
Thornogson
You are right the long term is very exciting and could be massive when we get to hear them but as you say LP first. As to sounding like children from the back seat asking are we nearly there the answer is yes we are but the driver told us we were nearly there over 6 months ago and still we are driving. If you were still driving after 6 hours you would admit you were in a traffic jam or had got lost. In this case i think it is a bit of both we are in a jam but at same not entirely sure which way to go. In which case i think the child has a point.
If people say "I think LP come in Sept" then this is opinion & be happy to invest with this knowledge they have lol
Look like timeframe for MMHI to take control of permitting through Special Certification route was in weeks when they decide
Think is reasonable to expect no change in Ministry position & know change to Ministry if Urban Development must be so some weeks ago.
This tell me with logic will have Special Certifucation in weeks not months.
Think Sept logic is like someone say Mr Mike Buck lie about Mining Minister statement when all know he cannot make up something Mining Minister say if he did not say it.
BB logic usually with little research there to help people lose money I think lol
Buy sell or hold own decision & be happy with it :)
Special Certification for land access POSSIBLE before Spud BUT think will be BETWEEN spud & result.
Spud in mid June then 30 Day drill & then some time to testing so look at maybe 6-7 week.
Special Certification very confident for RNS before this but like I say again Buy hold sell up to you ;)
MB said that he was happy with the money MATD had and there would no reason for placing!
What did happen after that? He raised money not once but twice!
Did he lie?
He has been saying QDE, FARM OUT/FARM IN/ RENEWABLE CONTRACT/ADVANCE TALKING ETC ETC for the last .... years.
He never said placing and that was the only thing that has happened in the last 4 years. What was the last RNS?
Freebies to staff! Another $1 million from our pockets to their pockets.
"freebies to staff" - I'm happy that they are rewarding the employees, it looks like there are less staff, either laid off or resigned, they were on less pay for a while so it's understandable that they need to be valued and motivated, they are probably picking up more workload too. I think that 4.80 was a really good share price and I'm hoping it means no future placing below this.
Lets get that mother of all RNS's soon 🥳
// I think that 4.80 was a really good share price and I'm hoping it means no future placing below this.//
Really? I was thinking if V1 is a duster 2.5p (again) might be a big ask!
What has been done in the last 4 years to be entitled for freebies? One thing, only one important job needed to be done , LP.
Hasn't got yet. It could have been T&C to get incentive shares and that should have been when LP secured. Till then I call it freebies. Please don't say lots have been done behind the scene! No need lots , just 1job for now and that is scouring LP.
However granting incentive shares could be a good sign that MB is confident and very sure he is getting LP in a week or 2.
The grant of options i believe was to the staff not MB that i am telling you will come later then you can moan.
Yes, MB will get more shares upon first oil from Heron