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The only hope BP, is for a little red dot on the RNS tomorrow morning prior to Bllombergtv.
Let's hope MB has something positive and upbeat to say with timings and also new info re the new Petro Matad Energy Ltd on the IOM thrown in for good measure!
Excellent work, Doz.
My heart has sunk and I feel sick with worry! Another MB interview!!
SP due to tank tomorrow then, after his airing on Bloombergtv@
Yes Master. It is puzzling.
Chinese top delegates have been in Mongolia for meetings re oil, gas and renewables. Is there a (probably likely) chance they have been demanding more access to the natural resources?
Is MB feeling the pressure and possibility that Matd's strong position to be the major oil producer in Mongolia is severely undermined?
MB let slip a shift n his rhetoric in renewables when he stated in the last interview that the main reason for MATD to enter renewables was to provide power to the pumping sites. Hang on, I thought we had strong connections with MG to access and be a major player in the drive for 30% renewable energy supply in Mongolia! But the Chinese are in the country with real investment money and companies able to throw everything up for renewables very quickly.
So I feel that MB is not as sure and confident on his dreams as he perhaps was!
We will see. But he is now under real pressure to deliver and get this business off the ground before the opportunities dry up and go elsewhere!
Totally agree Doc.
We have a lot of loose ends which show promise and hope with encouraging strategic thinking, but no solid facts or stated reasons. IOM meeting and new co Petro Matad Energy Ltd being one along with the MG delegation for a second. Also the renewable energy drive which seems to have been downgraded to an internal need for power to pump our oil on our sites with possible extension to a bigger game in the countries drive for renewable energy. (Did MB really mean it to come across like that in his last interview?) Etc etc!!!!
An open Q&A sessions would leave us all so much clearer and happier.
Horrible outlook ahead. Evergrande in Chapter 11 in the US. Warren Buffet sitting on 140 billion in cash, ready. Michael Burry of the Big Short fame is betting over 1.6 billion on a crash before year end. US pandemic savings due to be exhausted next month. There is a big crunch coming.
PMTD and MB and MG have to move quickly now. Murky waters lie ahead for sure.
So the SP has lurched downwards following the awful interview last Thursday. This is not unexpected.
The piece of the interview that intrigues me is the part about the tenders for the new blocks which both border onto the PC blocks that are producing already. The throw away line was "If you want to sink a well to find oil, sink it next to one that is already producing!". Or words to that effect.
If I understood MB correctly, we have our final paper work submitted for one block and this is just awaiting approval and granting of the rights for the first block.
The second block submission has been made, no one else has submitted, so PM is to submit the necessary offer and then complete the final paperwork for this too, though this will take more time as it is at an earlier stage than the first block. But the sense is that it is almost a given that the prospecting oil and gas rights for both blocks will be won by PM.
My question to myself is why has no one else tendered?
Is this because this block also needs a SPL that has not been granted yet, but would be included in the SLP about to be issued?
If PC have not put in for the tender for the blocks next door to their existing fields, do they know something we don't?
This could be very cunning and clever or not!
Anyone have a view on this point?
I think he felt pressured by the shareholders to do something, when nothing would have been better!
I truly couldn't imagine any disclosure or update being possible unless it was good news. And yet, there it was. A big blob of nothing. Another statement of "frustration" and "delays". Exactly what no one wanted to hear.
Huge volumes of transactions, as you would expect after such a weak interview yesterday by MB.
Price still holding above 4p, which is amazing good really.
A lot of de-risking and rebalancing of portfolios and we will wait to see what happens after the frenzy is over.
Well that was almost exactly what not to do! Well done MB.
I see little point in hanging around. Money can be used elsewhere for the next 6 weeks without an worry of missing the boat here!
A hugely soft interview. Why do it? No mention of the IOM or Petro Matad Energy Ltd. Or what exactly he was doing on the IOM with the Mongolian minister etc.
I sensed the look of exhaustion and fear in his eyes. A little shifty and spent. Anyone else sense that???? Trying to keep everything upbeat whilst really not enjoying where he is right now. Not encouraging at all. SP falling tomorrow, I fear!
Very happy with the SP relative stability this last week when there is no news either way.
To state the obvious, the next RNS is hugely important and will have a big impact either way. I believe MB knows this and hopefully he senses the delicately poised situation. A wrong step now and the SP will crash. He has to get everything totally perfect and water tight now. No more room for "frustrations" due to delays.
We wait with high expectation and a lot of hope!
My hunch is still 1p today, or even lower!!!!
Good posts yeeall!
Perfect for silly season.
Thank you and bad luck to us all.
In the interest of getting some positive outcome soon and on the understanding that every hope seems to have the opposite desired effect on so or none statements......
My new hunch is that we will not get any new RNS' for at least four years and the share price will crash to 1 p from tomorrow!
Let's see if that does it!
Yes. Hopefully you are right Wigster.
Sorry Horsers. My hunch was wrong. The RNS has not happened in the 2 weeks I hoped it would. I'll stop hunching for now!
Have a good weekend yoall!
Is today the day?
Oh, I do hope so. Otherwise I have to concede to Horsers that my hunch of 2 weeks ago was wrong!
Fingers crossed for the RNS today!
Great Vikinglass! All good songs from everyone.
Not wanting to put a downer on it, but liking Supertramo and without an RNs and this grotty summer.......
It's raining again......
Maybe tomorrow we will get some news!?!
Thank you BP and Notpleb.
Yes PB, that PS one would also apply well to this situation.
I am going to wish upon a star for an RNS in the morning.
Good night John Boy. Good night Sue Ellen......!
No ELO fans out there!
Ba humbug. The lot of you.
You got me runnin', goin' out of my mind
You got me thinkin' that I'm wastin' my time
Don't bring me down
No, no, no, no, no
Ooh-ooh-hoo
I'll tell you once more before I get off the floor
Don't bring me down
Come on RNS. Get a wiggle on please!
Yes, Vikinglass. I agree.
This is why I sense there are delicate politics at play here behind the scenes.
It makes the waiting that much more nerve wracking to feel that things may not quite be in the bag yet. That said, as I stated before, I believe momentum is on our side and we should get the LP through soon and then glory days should be upon us all.