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Nice update and no negative surprises!!
Get licence in place and hopefully get stuck into Heron 1 this year and share price will jump to to the upside.
Cash position not super but at least can get through to next year when story will be a lot more advanced.
Goodluck LTH's.
The first week of June will mark my 10 years since I first invested in MATD.
My gut feel on licence was May even though I hoped would come earlier as I couldn't bear to think about waiting 5 months in 2020.
May is just around the corner parliament is back sitting and hopefully we are up soon in their agenda.
In 10 Years I have never been more confident that we will see some serious price action whether it is 2020 or 21 I think Mike will set us up to succeed.
Big buying numbers slowly happening not in big numbers but analyse the last 3 weeks and you can see we are forming a good base.
Goodluck all LTH's.
I thought MATD did very well yesterday considering the Oil price drop and overall market drop.
There is definitely an appetite to grab cheap shares.
Very positive finish and just waiting some news flow and we will be off on a run.
Matad soum is located in the south -eastern part of Dornod aimag.
Matad soum is isolated from aimag center, with higher rate of poverty and unemployment.
Local citizens often criticize the company not contributing to local budget from its income from oil and this sector is said to be the sector that the information is closed and inaccessible. Even, there is no civil society organization working at the grassroots soum level.
Chinese invested Petro China has been working for over 10 years under the product sharing agreement with the Government of Mongolia in the oil sector.
Temperature (Another 5 weeks we begin the climb to warmer weather expect sp to move before then)
The cold season lasts for 3.0 months, from November 22 to February 22, with an average daily high temperature below 16°F. The coldest day of the year is January 18, with an average low of -19°F and high of 2°F.
The warm season lasts for 4.0 months, from May 13 to September 15, with an average daily high temperature above 61°F. The hottest day of the year is July 14, with an average high of 75°F and low of 54°F.
I am wanting to top-up with another 350k shares. Should I wait until 1st week of January or do you expect a juicy RNS prior?
Mr. P remember a couple of winters ago when it really motored early Jan. I want to jump in before then.
Anyway Merry Christmas & Happy New Year to all LTH's off to NY now.
I know you pretence to be new at it and if you are you have learnt quick.
MB has found oil and we will be producer in an emerging country who will have a refinery that needs oil.
52% owned by Mongolians biggest petrol company.
Yes 2020 will be the launchpad.
We LTH's are not stupid we put up with some much negativity pre-Heron results.
Its Christmas time why not dial it down be happy and I am sure once festivities are gone in good time all will be revealed.
Mike B is not an amateur! Merry Christmas Dusterhater and see in 2020.
I have held since 2010 and averaged down ever since. I believe this will be a winner in 2020.
A couple of years back spiked pretty quickly after chrissy. I want another 350k to take me to my magical number.
Just observing but I think this might be the low. So off to NY for Chrissy and New Year hope dosen't break before I return.
Merry Christmas & Happy New Year to all LTH's and Yak lovers!!!
PS: Thanks MB
Selling seems to be slowing and negative chatter disappearing.
I have a lot of stock but want to add 350,000 shares to get to a round number.
Just deciding pre-Christmas or just after but know that a rise may happen quickly. HMMMM
LTH's would have seen over the years we do get a bit of sideways and slightly down price action this side of
Christmas but there generally has been a lift in SP into the New Year and that has been on the back of no news.
Now we have found oil I think after the hols. people will be back in for the 2020 season.
I have a shed full of shares but will look to add where I can before Christmas on any dips.
Goodluck all LTH's