If you would like to put a question forward to our webinar guest speakers Sapan Ghai, CCO at Sovereign Metals, Will Holland, CEO at Europa Oil & Gas and Rick Guiney, CEO at MicroSalt please submit them here.
I must admit i really do not understand the vitriol and quite frankly vicousness that goes on on these BB;s No one should suffer the abuse that GRH has had to suffer and besides the game is not yet over. If you like in Rugby parlance we are one try 7-0 down coming into the second third of the match. YEs i am down about 1/3 on my investment but that is all 1/3. I have not lost a third just down a third. It will be a loss if i cashed the whole lot in now.
The investors make their own decisions helped on the way by others who know a hell of a lot more about these things that i do but in the end of the day it is my money my decision and me who pushes to buy or sell. Others will advise me and i am far more likely to listen to rationed argument.
There are some on here who if invested in the company are completely bonkers. Those are the ones who think the company is a sham and the directors a bunch of shysters. Why are they bonkers mainly because i see no reason to be invested in a company if i thought it was a sham and the Dirs shysters. So why are they on this board. I do not waste my time or money on companies where i do not trust the directors and think it is a sham. Hence why i sold up on one company and took my medicine and blame myself i had suspicions about the Directors but did not listen to my own jungles drums. My fault my moey. When we hit the end of phase 3 drilling (end of match) maybe even phase two as that i think will decide phase 3 then you can shout about how great you are if you have won the match. Personally i do not go around gloating in other peoples failures. I have far better things to do.GLA, we have not lost yet just 7-0 down on the scoreboard and a lot of try line pressure. Come on England.
Being a bit ignorant on these things can someone explain to me
1) Why sandjet testing might be better surely if the formation is damaged and by all accounts we do not know how far it is damaged.
2) Can we be sure all the gas is still there is there not a danger that we may have damaged the casing in our drilling that some will start to seep out.
3) Could the damage to the casing affect the flow rates.
I presume the danger is that the rigless testing woudl further weaken the structure and the gas would seep out so how does sandjet prevent that.
In all that has been going on i have got myself a bit confused.
Are we still on phase 1 testing
Have we moved onto Phase two testing
Have we merged Phase 1 and 2 testing together.
My thinking and i happily stand to be corrected is that we have merged 1 & 2 Together because results for phase 1 probably came in first day or two. Just a guess. Any thoughts/ GLA
Personally i do think this is up to MB. I think it is MG who have lost control and lost it some time ago and are trying to pretend they still have some sort of say over this. At some point they will use the full force of the law they have created but that will not happen in an election year,. So do not hold your breath would be my opinion.
I have also emailed seeking asuurances that we are fully funded and asking that they keep the SH informed.as i said this SP is going nowhere (even on news) that a raise will not be required soon and saying it will become a double edged sword.
I will let you know.
I got so frustrated over the weekend on this share i finally got round to emailling HO.
I print my bit and then put i their answer.I will leave my view of the answer out but think it is self explanatory.
I have been a patient shareholder here for several years now and was hoping after the last RNS we would finally be getting somewhere.
Can you please give us an update as there are more than a few of us who think that the Mongolian Government have lost control of this whole situation and the reality is that the tail is wagging the dog here. We pass over the money to ministry and I assume that by now that has found its way to the right province and is being held up deliberately at that end. I am sure that the weather at the moment is hardly conducive to staying outdoors for two long but it will not be long now that -40 translates to Zero and we back into an active time period. Is this likely to happen this year and how concerned should we be with impending Mongolian elections later on this year.
We appreciate your support and continued interest in Petro Matad.
We share shareholders frustration at the bureaucratic delays that have held up our activity at Heron 1 and are doing everything possible to push the Mongolian Government at all levels to allow us to move forward.
Please rest assured that we will update shareholders in due course on the progress we are making.
I agree this share could close on 13.5p one day and open the next at £1.35 the news could be that good or even better. I think the ITR was deliberately under played and my expectations are in line with Recent RNS's of cautious excitement might be the best description.
I have to say that if anybody is going to Leak they had better get on with it and do it because there is no sign of it at the moment and i reckon on results by Tuesday i feel. As far i can tell it is logical in the new order. It appears although we have not been officially told Phase 1 testing and phase 2 testing have been merged very possibly to prove up the connectivity. if that is the case and assuming the phase 2 testing has the same time line as before then i would that that testing would be complete around about now. So a full results package early next week I think is a strong possibility.
Am not sure why everyone seems to be talking WE as in the UK and its attitude to fossil fuels. We maybe a british based company with largely British based share holders but that this where that ends. Our assets and our drilling are in Morocco or Trinidad or Ireland and not the UK and i am sure if the banks get involved with funding it will be on a far different level that raising a few miserable pounds for a hell of a lot of shares as we have found gas and this will prove up what we have in a few days. What the attitude to O&G here bears no relationship to what it is in Morocco. Let them decide and that the PM has put in big foot into our muddy pool I reckon there will not be too much trouble on that front at least from the MG.
Be patient another couple of days i reckon Monday or Tuesday of next week will find out how big a set of doors we have blown off. I have a feeling this is going to surprise a lot of us on here.
Tomorrow as i almost certainly do not need to remind people is Valentine's day and i know that a lot of people have been having a strong relationship with PRD in that time so if the RNS drops tomorrow showing that finally after all these years for some and just a few months for me this relationship has been consummated. I would suggest that you let your other halves know very quickly what is going on otherwise you walking around with a smug smile on your face is not going to go down too well. It would not suprise if PG decides Feb 14 would be a good day to release some good results.
If however it does not come tomorrow i would return to my earlier hypothesis and that is we really did hit pay dirt and more and PG is just tying up the loose ends regards the agreement Mou with AG and also trying to talk to ONHYM regarding release of a discovery and obtaining and exploitation license. I would suggest that this might need the whole weekend So Monday or Tuesday of next week would be my dates and maybe a lot more than just one RNS. GLA
To me the company gave a very clear indication that things were going well with the testing by renewing the contract rigless testing for an extended period.
I mean if things were not going well i would have thought they would (e PG and Lonny) would have taken stock of where they were to identify if they had completely misread the seismology or the kit was not i right place before blindly committing another drill.
Put another way if you had a major presentation opon which your employment future depended on it would be you a rail travelcard or wait until you heard whether or not it went well. I think the company know this has done its jjob. so no need to worry about misreading info or stats. So renew contract lease.
I take your point and i was not suggesting sitting on this for very long but maybe just a day or two longer. I was working on principle that an agreement with AG has been basically decided and may naively hoping it would be just a matter of topping and tailing this for just this site and then sign another one for the next site etc rather than wait till the very end before an agreement is signed because then if we have hit targets this will become a very hot ticket and the black knights could be out in force
I was assuming two or three agreements with AG signed with deposit as we go through. Probably naive.
If we are playing what if's and i do not discount it for a moment. Would we get the RNS this week then.
If Mou 3 exceeded all expectation and we re entered Mou s earlier than expected and found what it was looking for.(and am not sure if allowed extended the drilling there by a day or two.) would we hear by RNS this soon.
If PG is worried by a hostile take over one way round that would be get the sales agreement with AG signed up now and possibly even the exploitation license.
So if we get news tomorrow or Wednesday (Valentines day) then i think it was just Mou 3 and early delve back into Mou 2 but if now news this week very possible your scenario with the added part of the sales agreement with AG done and dusted.
I was reminded of this share when a friend of mine texted me about the rugby over the weekend. His theory is that the "The quality of the game runs in inverse proportion to the hype and razzmatz that runs before hand. " So the more you build up the game the less good game is and vice versa.
The hype on this share has not been over blown it has infact been very down played. That last ITR if it had been an official document it could be described as having been heavily redacted and was hardly recognisable my many.
So you do not hype something if you know it is going to be good you hype in the hope that it might be good. ( I have been sold that one and bought) but this time i think i have the real macoy.
To use another favoured expression given to me some years ago about a car "It would not pull the skin off a rice pudding" well at the moment this share is not pulling the skin off a rice pudding." but it is going to build up to a big explosion sometime over the next 6-8 months in my reckoning.
Questions have been asked about the finding and the new rigless contract. I ask the question the other way round. Why would you sign for a new extended time on rigless machine (even if fully funded) if current drilling was not doing its business. No i think this PG's way of reassuring us that things are going according to plan and that is not this heavily redacted ITR but the original RNS upon which it was based. I am in and i am staying in and PG will make sure that all of us with the faith will be nicely rewarded that will completely de risk the share (comfortably) not from the GRH 1.5p but i believe the 20p that i reckon many on here got caught up with just before the last raise. Fortunately i got in well after and that in time this share will blow lot more than a few doors off. PG will make it worth our while by de risking all our shares several times over without having to sell a single share with a special dividend. I am hoping for an announcement in March and hopefully a special dividend in early April around the time tha the new testing starts. No one will leave and everyone will be clamouring to get on board. How will you know it is hurting those who could not get back on board at last minute. It will come in the form of screaming foul play and illegal in a desperate act of making people to sell their shares. It should be great fun to watch from the inside out so to speak.
Agree with you very worrying times. Only thing is we have no idea yet what the Evergrande liquidation will to Chinese economy or America and and whole US gazes at its own naval there is a void and the world do. like voids as something woo come in and fill it