Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Not so sure i agree with your comments here. The EL is not "years" away......vital documentation has been achieved and due to a pandemic and election year its taking a little longer than hoped. Mongolia want this well on production themselves as there own refinery moves towards completion. The delay more than likely is because they dont want to award the EL and then have their countries oil taken to China because they cant refine themselves. With regards to funding, once EL news drops and SP reflects, more than likely again a farm in partner or, partial sale of assest will happen. Logic would dictate a small equity raise for around 3Mill to strengthen company balance sheet at around 6p. Any LTH needs to just sit on this, its going to take some time to come good, but by spring next year this will be multibagger from these levels IMO. GLA.
Oil will not be the source of power in 30 years!!!!!!!!!! Its got 15 years max left in it. Shell, BP and all other major oilers want green energy and different source of power. The west want to flatten the middle east, and they want to diverse an economy away from just oil. Qatar, Saudi, UAE all need to act quickly now or risk being very exposed in 20 years.
Yeah the progess of this expo liscense has been very disspaointing. First it was trying to be applied before the election, then there was an election, then its with the ministry of mining for an audit, then the season is coming to an end and obviously the mother of all excuses, impact of COVID-19, even tho actualy reported cases in Mongolia is 7! Health before wealth everytime, but the progress here has been poor. Will move quickly when block buster RNS is annocued, but even then i dont see it going past 9p until further funding is clarified. The proceeds of the one well alone will take 2 years until they have enough to drill the other speculative sites. This is all on the assumption that oil will be over $40 a barrel and demand is there. We already know aviation secotor is battered, shipping goods is down, comerical and toruism travel way down........Lots of the jungle to get through here yet for sustained growth. But i can see a short Pump and Dump when news arrives.
This was a terrible investment from me. Im stuck at £1 for an average, i hope this pulls back soon!
Down 25% in a week......Dam, was really hoping for 115 level, think i might be playing with fire here. Resistant level burst and share offering @75p....Will be lucky to see £1 here again IMO in the near term anyhow
£10k tied up for nearly 3 years in this stinker. Happy to get my cash back. I wish all LTH holders the best and new comers, but for me i have seen a pump and dump more times than i can think. Share dilution, equity raises, court battles, Political elections, extortionate expense running costs. End of the day, this is operating in Africa on African time with the same presidnet in power who is determined to not grant relevant licenses. Long way off becoming a producer yet. DOYR
Was going to happen. When you have a CEO who never updates the market and silent partners who we all know have been waiting for this company to go bust, or license expires. I mean you cant sit on your arse year after after, produce nothing, mobilise nothing, spend and raise as much as they can and do, then when a crises hit and oil is worthless....expect to have a market cap of anything more the a few grand. Been a disuatorious invest from me here, I just hope this cluster F, takes down the whole board and keeps them out of employment for the remainder if there con driven lives.
This Share is going in my portfolio - nothing bad about it from what i can see for a 1 year hold. ATM its catching the falling knife.....where is the lowest entry point? How much further will it go......could £5.50 be seen?
This is coal based, but still its postive natural resource discovery for the country. There guys Elixir, are in the same boat as MATD waiting on Gov documentation. The Gov need to pull their fingers out if they want to develop their own country...Somehow i fell China has a huge say in what they can and cannot do.
https://www.upstreamonline.com/exploration/positive-signs-for-australian-juniors-mongolian-exploration/2-1-750491
https://wcsecure.weblink.com.au/pdf/EXR/02206786.pdf
This is going to £1300 territory. 15th Jan 2016.........When it falls there il pile in.
I mean, long may the rise happen as im waaaaaaaaaaaaay under water with many other investors, but this just stinks of insider knowledge. Nothing for weeks on end, and then out the blue £85k of share purchased. Not even that much, but PI investments, but i mean......how are the people who buying know that news is on the way? A leak perhaps??? AIM can be a dark world, really comes down to if you made an investment at the right time and managed to get lucky with a wave. GLA
Very true, i don't mean to be the beater of bad news, its just disgusting to see my investment 60% down. My own fault i know, and i have to take it on chin for now, just gotta be patient for now. I do believe this will come good as they have proven a discovery with a decent flow rate. GLA
I applaud the optimism, as as i said im heavily involved here, so i want MATD to do incredible well, but also look at further fact:
1) Local permit issues
2) Missing exploration licence.......Puts all the potential of Heron on Ice as they cant extract anything!
3) Country political election about to go on, always causes 18 months of deadlock in any developed nation. Apart from Africa, that can go for 5-10years.
4) In cruise control for funiding. They have enough to pay staff and board to keep working on trying to resolve administritive paperwork, but nothing more. Means they need captial
5) Future money needs. As they are not making anything, they need to be given, or collect money from somewhere. Any Bank Bond will only be awarded if they get the green light to suck oil from the ground. Without it, no loan. Equity raise is an option, MB said he only wants to do a little, but it will for fact, dilute the SP causing more misery to shareholders.
6) The other well sites outside of Heron you mention are Wildcat, pipe dreams that will ONLY happen if Heron ever get brought online. 2- 3 Years away at best. Hence i said, this share is now to be shelved for 3 years.
So as i said below, the SP carnage will continue, until this company has something positive to address the market with. Anything bad, or delayed will just flatten it as the reality is, its a company that is currently not making any money.
20% down in 1 month. SP really getting decimated to fullest extent now with so much uncertainty hanging around. Company really needs to give an update in next coming weeks, or i fear this is will continue to drift as essentially its a non producing company, with a locked asset, contenting with political uncertainty and running out of cash. Only positive is they know where some oil is, not sure its enough to keep it doing well. No dividends etc, small time company that most footballers at present could chip and pin. I over committed way to early and looks like im locked into a 3 year shelving process. GLA
So much activity happening on this share with zero company updates. This is either people behind the scene recovering their 90% losses, or share gathering in anticipation for the explosion. GLA bring on the 1p target.