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If they continue to go ahead and drill VP prior to being granted the LP.
A duster on VP, which is way more likely than not, will absolutely decimate the share price with no confirmed LP to back it up.
Totally nuts.
i agree 100%% shagged.
this is absolutely mental from mongolian government. we have no evidence that we can actually get the lp if oil was found. turning into a complete **** show.
also all rampers predictions that lp coming in next week are wrong. there is always information we dont have so dont make stupid predictions
They raised funds so they could drill VP. If MB new LP was coming he would have held off on the raise. Holding back on VP will incur further unnecessary costs!
There is a delay but fundamentally not much has changed. Could be a good buying opportunity if you believe it will eventually land or even better VP is successful!
AI... there won't be any need for SPC or LP if velo is a hit as land access is NOT an issue generally. It is just a local/Dornod issue for block XX.
It is a delay but hopefully with all paperwork just being repeated that will facilitate the process.
I guess that the rig is contracted to MATD and if we cancelled we would be looking at substantial costs . We wouldn’t just be able to get another rig easily if we delayed. Mike is damned if he does and damned if he doesn’t drill… I go with the drill as a positive and will keep my fingers crossed.
People are missing the point. PAPERWORK WAS BEING PREPARED in the April RNS. May RNS paperwork has been prepared. So Won't be long.
And yes LP is a guarantee otherwise non of this paperwork would be looked at.
Another month
Master82: “And yes LP is a guarantee otherwise non of this paperwork would be looked at.”
Will you ever learn? :/
Thanks curious, at least they helps with some of my concerns.
I feel terribly disappointed but totally vindicated - so "up yours" WOS/master/iamrich/vikinglass etc.
Yes bad prophet as i said before. There is so much information we dont know. Who could have predicted the change of department delay. That is why it is so crazy for people to make guaranteed comments. It is ramping.
Also feel sorry to the investors who came in on the recent spike.
Will rampers be covering their losses.
No. Rampers clowns
Looks like WOS has been caught with pants down today then
I think best thing here is let the clowns have their day . They are all here because they think its a bad investment and want to loose money.
They are invested but doesn't believe that LP will be granted.
Its a delay not a RNS to say PM wont get licence.
Anyway let you all bounce for few days
Mate, they not invested. You dont buy or stay in and talk down on investment. They just bunch of clowns
Traders day. They trying to get your shares cheap. LP is coming.
Hold to your shares guys.
WHO ARE
Who are these mythical entities trying to get cheap matd shares. They dont have to try hard with crap rns like that.
Delusional ramper
Master... we are all disappointed however some of us just take a realistic view of what can go wrong generally does go wrong in the case of Petro Matad, so felt the need to protect against the the non stop ramping of e.g. URGENT, GUARANTEED.... GET IN NOW OR PANTS DOWN etc etc so perhaps a little humility wouldn't go amiss?
So in summary
- V1 spud in about 3 weeks.
- LP could arrive anytime.
Nothing much has changed since Friday?
I still find it very odd the visit to the IoM curious. Did this happen for previous expiration licence rounds?
WOS has been proved to be exactly what was obvious from his endless ‘unbalanced’ one way posts … a ramper, blindly going along as though he knew information.
He clearly didn’t have anything all along, and was still on an hour ago … blindly giving it the Boom nonsense.
I’ll have to see what an escimo talks like and go on the GROC board (who have assets in Greenland) and go on about things with certain words missing from my sentences. Some on there will listen to me then even though “I will know nothing” !!!!
This will slip back to around 3.5p which it was at before the massive ramping began.
Still too much uncertainty to value a company which still has not successfully drilled
All hope value
What can i say. Its a delay but people here think we've hit a dead end and its end of drilling season.
No, that will be after another 6000 ramps. Twit-twoo
Shagged, they don't need an LP to drill V1 because they only have an exploration license,