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With all respect my views is based on the last RNS. That isn't difficult to find out.
I have in fact added 600k just before the last RNS. I haven't sold any of my shares ever. I have been here for a long time and only Ojay is the one I remember from years ago. My views or any poster will not change the course of share price. What I say is what I believe. Unfortunately MB wouldn't probably get LA this year the way it goes. He needs to make difficult/hard decisions to show that he means business. How difficult is to understand that? Am I ramper or deramper? What does that matter really? I only want MATD success and that depends on Heron production this year.
Wos,
No need to be rude.
Please tell us what happened to that big RNS you were telling us for months?
We have been waiting for 5 years. We have seen many June's and we will see more.
Unless MB change the course and make a drastic decision.
Why should we expect a surprise RNS when we earned to have land access and it has already been delayed for so many years. Don't forget Petromatad has spend millions in the last 17 years and we shouldn't be begging them for the dodgy license we have been sold. MG had NO right to grand the Exploration L if they knew they wouldn't give us Explotation L.
Where were the lhe governor who is refusing the LA when we were drilling? It is a game and we have been played!
MB should speak out and give them a deadline and act accordingly.
Progress or no progress we still need another signature!
Till then we are where we are.
Central government hasn't shown enough willingness to sort the matter out yet.
Otherwise they could have ruled out the PG and order the land access.
Have they done? NO
Would they do if the refinery were ready? YES
Looks like we have been being played for 5 years and still the game is on!
MB should have a plan/strategy. In the waiting game we at the mercy of them and we are losers.
Soon we would pass the drilling season as it happened for many years.
Deadline should be given to MG/PG. If missed then legal action.
They should know that MATD is serious this time and act accordingly.
If refinery was already up and running then the MG would overrule the PG in no time!
But doesn't seem they are interested.
Again MG missing the point that strong petromatad would benefit them hugely.
Please read your own post first. You mentioned car and renewable etc.
Renewable covers the lot. It is a big scam. Look at the activists in Mongolia or no oil guys in the uk. They are all running big cars but they are against oil! Oil is not just fuel. It has many other products.
All EV car makers stepping back. All renewable are subsidized hugely! EV cars are charged by home electricity which comes from power stations which run by mostly fossil fuels.
Renewable energy is not as clean as they claim they are. Please check how rare earth mineral mining works. Not enough minerals to make the whole lot renewable.
Can you imagine streets full of ev charger cables? Do you think stations are capable to feed all chargers each at at least 7kw?
We don't have the right technology yet. If all cars become ev. I don't see any difference between RR and ford but the appearance.
WOS, we have invested for oil production not renewable!
If MATD wants focus on renewable then they can make a new company with renewable agenda.
At the moment MB should only focus on Heron production. Renewable shouldn't be a priority.
Not now.
What if MB write a thorough letter to PM, MG and PG explaining in details advantage of having strong MATD rather than weakening it. He also set a deadline to get LP signed or international arbitration and asking for full compensation for the years MATD has lost revenues. It is just a thought.
What I really don't understand is what MG will achieve to hold MATD oil production?
I don't agree with 1 or 2 years delay oil production save more oil for the country. We have abundant of pil and we might find much more if we have money for more drilling and exploration!
While strong MATD would help Mongolia in energy self sufficiency.
Hope MB considering giving a deadline to MG and if MG misses then we take further legal action.
Yes, the fact is we are still waiting for 'the last signature ' whether we get it this year or not? Who knows!
There is no indication of time frame to get LP. That is why MB is looking into further action.
Funding through 2025( not till to 2025)+ petrovis soft loan which hasn't been touched.
No more expenses for new blocks ( MATD has been very clear to MG that they are not singing the new blocks until land use is secured) till Heron land use is fixed.
Engaging with the activists is a very encouraging point.
Market reaction sounds ok and we get to 4p and above.
Good points:
Fund through 2025.
Petrovis loan still available/untouched.
Staff wages already minimum.
NO more new blocks/land contract signing till land use problem sorted. ( That is a very good one)
Studying legal actions incase.
Heron equipment bought and ready.
Engagement with activists.
Obviously MG/reginal G are playing fools. MATD should give them a deadline which should be quite sometime before the drilling season ends. While doing that prepare itself to take them to international court and claiming all the money which has been lost during the last 5 years and more.