Member Info for Ojay

Thx Capt more Stanlier!

In that case: Choose your words wiser!

What do you mean with "PM did'nt get to sort this out in 2020"?

YOUR WORDS OF TODAY: "...the delays are not of Petro Matad's making...".
Looks like you keep changing your stance as your personal situation requires.
Not very trustworthy.

Thank you for another one of your copy/paste posts. Lots of new information indeed. Very amusing.
Get lost.

CS: If it comes to your horror scenario of "running out of funds" there's still a parent company which won't let PM go down the drain unless the oil PM struck last October is of no commercial value - that would've happened years ago.
We are talking about (idiotic) admin delays - not about an exploration and drilling area w/o oil.

Mongolia's population is currently around 3m - looks to me like he was not only fighting wars during his time!

we are underestimating the influence/power of local entities/units or even tribes etc.
It appears to me that Mongolia was taken by surprise by the collapse of the USSR and was left to itself in 1992. The current "Mongolian Government" may not have the centralized (decision makting) power as we know in the UK, France, Italy etc. and is required to address local entities to a much larger extent than we can imagine.
This is not a history lesson as I am unfamiliar with the political situation in Mongolia. However, we do have some posters on this board who know more about the local and political environment in Mongolia. Let's hear what they have to say - particularly with regard to issues like "exploitation licenses".

And watch the pressure on the SP develop today....

See my post of yesterday, Oct. 7 (09:16); if you don't get news for a long period of time then there is nothing POSITIVE to communicate.

Persistent: Sticking your head in the sand is not "handling reality" well. The only "facts" that I am very clear on are:

There is quite a bit of news and information which would very likely have an impact on the sp (such as where the bottleneck in license grant is - as Hamm mentioned). In addition, the news/information is hardly positive which would put pressure on the sp - not so good at a time PM is looking for partners and funding options. PM's decision not to communicate makes sense, but doesn't make it "legal" vis-à-vis the AIM rules.

Material news? Nothing to communicate? Are you joking? There's plenty - no doubt.

The (lack of) speed in license processing is concerning - not the existence of oil in the Heron well.

But under a regime along the lines of "roma locuta causa finita" the results in this case would be achieved quicker. I guess that is the downside of (attempting to be) a democracy.

Manro - I don't agree with all that you post. But slowly but surely I tend to share the doubts and criticism you express.

Clearly, if all the big wigs in Mongolia's government as well as all PM's and other experts believe in what they say concerning oil reserves in PM's licensed territory, than we (investors) should be seeing a different type of handling of this situation.
I sometimes wonder whether a Russian lead would possibly lead to quicker and better results.

It would explain the rather extraordinary buys on Sept 24.

lambo: Based on what you're saying and assuming all of that is is "factual" it appears you are suggesting that investors who do not intend to stay put, i.e. continue to remain invested long term (i.e. for "many years") should bail out now - before it gets worse. Did I understand you correctly?
Are you invested in PM?

lambo: Based on what you claim to be true: Who would be interested to wait "many years" for an Exploitation License Grant? I can hardly believe that your claim is true. That would clearly mean that PM's SP would drift lower than 1.95 and in the event of a placing even lower. However, if it were actually so, I would be an idiot not to sell my complete holding - at a loss of course.
I really hope you know what you are talking about - and (as said before) I hope you are completely wrong.

Looks like "ivans" does not agree with your assessment. You may want to discuss this with him. I just wish you are wrong, that's all - not sure what you wish.

Jeez lambo - all I can say is: I hope you're completely wrong.
I understand that it took the respective govt bodies some time to get up to speed with the license process; but - unless Mongolia is keen on committing economical suicide - I am convinced they will do everything possible to make this happen this year.

Goldenoiler: You're hardly the only one with an underwater average. Making recommendations on this one is tricky and nothing I would want to do. These are my thoughts:
- The current number of shares in issue is 678,105,306 (incl. those 616K issued in August this year). This number hasn't changed for the last couple of years.
- The SP hasn't drifted further than 1.95p (December 2018).
- During the summer months of 2019 the SP reached levels around 7-8.5p (i.e. before striking oil end of October).

The downside risk appears to be small compared to the upside potential - particularly as soon as the exploitation license is granted. Selling at these prices would be an act of desperation from my POV. Buying at these levels would help reduce your average SP acquistion cost.
ATB