Member Info for GKahn

Ojay
I much respect your response
Cheers
GK

Ojay
Are you interested in opportunities that others on this board think are opportunities? Let me know and I will give you the code and link to investment research
GKahn

Steady on Mr MM
Ojay has just said that "There is no point in speculating"

Recently, one poster reminded us of the accumulated losses. The figure from the latest financials is US$126.5 million as at the 2019 year end. This raises the question of how much of this will be allowable for cost recovery when Heron production and oil sales commence. The quantum could be considerable, particularly if the drilling expenses from the McGay era can be recovered. It seems to me that the quantum needs to be agreed with MRPAM and other government departments e.g. Treasury before finalisation and approval of the exploitation licence. While this could be very material for PM, it would also be a significant consideration for any potential farminee for Block XX.

In order to appreciate the possible quantum, all admin and other overhead expenditures since day 1, i.e. over more than 12 years, should be deducted from the US$126 million figure as well as all expenditures relating to Blocks IV & V. If the early exploration expenses incurred about 10 years ago on Block XX are allowable for cost recovery, the quantum could be as much as US$40-50 million; the NPV of which could exceed PM’s current market cap. Food for thought; and certainly a matter to be resolved and announced in due course. Getting this agreed could be a factor causing delay in the deliberations over the exploitation licence, particularly if an independent audit were required.

Let's get things in perspective. Of major concern is that Manro's dogs have been infected by tick insects

How much of today's posts relate to Petro Matad? Not a lot, if any, I submit. Who of you will disagree?

who is the persistent insect?

Even Mr Positive has disappeared!

Ojay: I am having difficulty understanding how your posts can possibly have upset anyone? Overall, the quality of the posts today has been rubbish and have added nothing positive – sad and pathetic.

Recently, one poster reminded us of the accumulated losses. The figure from the latest financials is US$126.5 million as at the 2019 year end. This raises the question of how much of this will be allowable for cost recovery when Heron production and oil sales commence. The quantum could be considerable, particularly if the drilling expenses from the McGay era can be recovered. It seems to me that the quantum needs to be agreed with MRPAM and other government departments e.g. Treasury before finalisation and approval of the exploitation licence. While this could be very material for PM, it would also be a significant consideration for any potential farminee for Block XX.

In order to appreciate the possible quantum, all admin and other overhead expenditures since day 1, i.e. over more than 12 years, should be deducted from the US$126 million figure as well as all expenditures relating to Blocks IV & V. If the early exploration expenses incurred about 10 years ago on Block XX are allowable for cost recovery, the quantum could be as much as US$40-50 million; the NPV of which could exceed PM’s current market cap. Food for thought; and certainly a matter to be resolved and announced in due course. Getting this agreed could be a factor causing delay in the deliberations over the exploitation licence, particularly if an independent audit were required.

Many thanks Donkee, much appreciated, makes sense to hold off to see next RNS

Ojay
I thought you were a long term holder with 5 million shares?

This issue of local resistance has been ongoing for than a year and we have have heard absolutely nothing from the company. I repeat: it is a disgrace. I have more than 4 million shares and I have had enough frankly

That we are not getting a response to this critical issue is a disgrace. I am a seller after twelve years of patience

Many thanks. It looks as if it is matter of financial contribution to the local authority which PM should be able to meet once Heron starts to produce cash

Many thanks Jimi

Same problem. Do you know the name of the newspaper in which the article appeared?

Oops, the postings a series of question marks. Do you have a link?

Jimi
The text is somewhat confusing. Do you have a link to the original in Mongolian?

Jimi
Interesting and of possible concern. I think the company should RNS an explanation and status