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Header say all and where do I start? Lol
Blind lead blind i think with Investment Law Amendments lol - anyone who follow developments in this understand it have NOTHING to do with Petro Matad LP!
Very strange to see comments & ask why this people do not do or understand basic research / intel.
New Investment Law have many parts but main issue of amendment is definition for people of Land Ownership / Use AND Timeframe.
This is mainly around 60 years to increase to 100 years. Petro Matad permissions all in place and around 25 years. This discussion thru Govt have been going on for months back & forward to Parliament for amendment.
Now BB poster decide to make it issue but does not understand it anyway - no wonder small private investors lose money in Markets LOL!
Petro Matad have no major issue to overcome or anything like this - all this is done - it is just waiting now for final signature thru issuing department.
Header RSI say all - this is HEAVILY OVERSOLD so think when it bounce will be strong one. Is it big issue if timeline prediction bit out of major point is to get all in time for drilling season?
Posters on BB make big noise and no wonder Mr Mike Buck get frustrated also - like RNS say all Central/Local govt, Herder, Matad Citizen group issues sorted, Money sorted & plenty if time to get LP before drilling season start.
Investment have not change & is probably one of safest investments on Aim market even if lot of illogical chit chat by posters 😂
Be Wise 🦉
Thanks WOS. You make good valid points particularly over land ownership. Just one question as I'm interested in how things work. What system or mechanism tells you the PetroMatad shares are Oversold? It's a genuine question.
Many thanks
F Dornod Province.
The company is suing the court for damages due to non-drilling of oil wells in Choibalsan Sum area since 2019.
The area called Bayantumen 17, which has signed a PSA agreement with the State Government, is a huge area covering a total of 7 sums. In this area, there are more than 30,000 units of land owned and owned by citizens for winter, spring, and family needs, and owned by enterprises and organizations. coincides.
Also WOS, could you explain why, when the last RNS said that an alternate compensation payment method had to be agreed by the Finance Ministry (or would have to go through the extremely slow process of payment via the budget) and to date there has been no update on the Finance Minister's decision, you feel qualified to state that:
"Petro Matad have no major issue to overcome or anything like this - all this is done - it is just waiting now for final signature thru issuing department".
Magnai trade got their permit via cpurt case now they are pursuing compensation.
Magnai Trade Ltd. is participating in the court case demanding 2.5 billion MNT from the Governor of Dornod Province.
The company is suing the court for damages due to non-drilling of oil wells in Choibalsan Sum area since 2019.
The area called Bayantumen 17, which has signed a PSA agreement with the Government, is a huge area covering a total of 7 sums, and in this area, there are more than 30,000 units of land owned and owned by citizens for winter, spring, and family use, and owned by enterprises and organizations. coincides.
Researchandhold said //BP is like a stain on humanity//
Aeshchylus - WOS just makes things up & calls it research don't you know?
Oil $83+
WOS. It is down almost 30% on one month ago, so either yes it is oversold or no the market does not trust Budd or the fundamentals in play here.
This has been going on for years and still MATD is not in position to point at real production. Just hopes
If the herders need money now then why MG release the fund? And give us LP!
Pilsbury7 : WOS will be talking about technical analysis, and specifically the RSI indicator( Relative Strength Indicator ) If you do a search for a ' MATD barchart ' on various sites, then you can play around with a chart - change the bars to candles, add various indicators, put in trend lines, support and resistance lines etc. MATD has been a trader's dream for many years now - anybody buying and selling based on just support and resistance levels could have made a lot of money with the numerous spikes, followed by a plunge to support lines.
Right now we are still at the bottom support of an upward trend, which started with the low of 2.5 in mid November. If it breaks down to the next support of 2.8p from the 15th Dec then the upward trend will be broken, and the next support after that would be the mid November support of 2.5p. That support of 2.5p has been touched and held several times in the last few years - so it's a very strong level of support.
Hamm : a few weeks ago you were urging everybody to pile in at about 4P as in your words ' there is no risk .'
I wonder how anybody who listened to you feels right now.... ? I've seen you change your tune several times on this board. At least WOS is consistent.
MB just need to follow proven way of getting the LP by Magnai Trade.
I bet in the end he will realise he is dealing with clueless people in MG.
First he was dealing with Mrpam minister . Then finance minister and now he had to involve the Ambassador.
Go and submit paperwork in the court . Make lots of noise on media to get attention .
Aecheylus, and the rest don't have a go at others for your own bad investment choices, if you been here for months and years that's your fault lol,
Now some of you can't take it waiting, lol maybe understand the aim market and what it takes before putting money in here,
Myself set a target for production by July if not I'm out, but not going gto keep on holding and become a nervous break down unmanly lot like you lot 😂😂😂
Finwittrader : take a look at charts going back years. MATD has always moved around with huge % gains and losses in a very short time, and bouncing off support and resistance levels frequently. It's called a volatile stock, which is what you get with a very small cap with few shares in circulation. It's not all just about fundamentals.
Mr Pillsbury - yes it is RSI inducator which point to HEAVY OVERSOLD!
I did learn about this things when I study investment but never use really because I do understand I have INVESTMENT mindset.
This is why it is funny to see so much moaning by sane few people - they ask why I post every day but they are here EVERY day moaning like babies Lol!
Investment have not change - it is probably one of safest investments on AIM (imo) for multiple return and is perfect type investment for someone who want to keep large holding for pension type plan with Capital Growth like Mr Thorngasson also mention.
Petrovis will want ROI and with move into PRODUCTION we will see DIVIDEND Introduction quite soon I think.
Consider if you buy now at this level and maiden dividend of 0.25p per share in 2025 (those who say 2025 early fine but we will see once DQE fast track / low cost development with foreign JVs for New Blocks enter picture).
Mr Buck getting all ready for DRILLING SEASON and in meantime same old Moaning Moomies come here every day to Moan 😂
Be Wise & keep focus on INVESTMENT! 🦉
Production / Revenue Generation will kick lot of traders out while bigger buyers / Funds take positions imo!
Traders dud have advantage with previous delays & beauracracy before - time for INVESTORS coming!
Thanks WOS and Investor 33 for clarifying how the system works. I was an accountant by traded (retired age 53yrs) so I will go away and have a look at the candles etc. I have been here for seven years with an avg price of 4p and 500K plus shares so I will wait for the next RNS. AIM has always carried risks which must be accepted at the point of investment.
Investors here get very - very very - bored waiting and so go out and 'buy shoe' a lot.... So Investors like Mr WOS needs bigger again profit 'in the end' here as the first 5k gbp will already have been spent on 'shoe shopping' over the last x years !!
Meanwhile sneaky sneaky trader do well for years here... and buy lots of nice sneaky sneakers with actual profits made.. and can switch to being investor not trader if and when see fit....
ps I do sneaky sneakers top up buy here yesterday at 3.10p.... barely brings down my average .. but need more trading pot ammo..
RNS Friday strong buy
BOOOOOOOOM 🚀
Are moaners beginning to behave themself now? Lol 🦉
Wait till they all start Buying back 😏🦉
Thursday
Thx C/W: I'm relying on you/your prediction!
Https://x.com/petro_matad/status/1759958987586347055?s=48&t=xs5mlti_eXYeRiuGAcPuSw
Additionally, Petro Matad Group supported the drilling of a water well in the Soum for local herders to increase & improve water supply. We look forward to continuing to engage with and support local communities in our operational areas in 2024!