Member Info for researchandhold

I suspect MB knows the Velociraptor drill is much better than 20% due to previous drilling in Block V, especially with the Snow Leopard results and other related seismic data , but he has to err on the side of caution in an RNS statement. I would guess because of the way he's spoken about it in interviews etc he may think of it as a 1 in 3 or better roll of the dice/

I’m in two minds about putting any more in by buying into the retail offer . Good price but why raise now ?
1 . One side of me says - it’s due to signing JVs with DQE and or Wolfson and or Sch to pay for licences or even a Rapture follow up
2. LP isn’t coming sny tine soon and MB just loves wildcat drilling

Any advice

I though last nights RNS said $4 mill
How come it’s now $6 mill?

And PhipTan is Hamm :- playing with new monikers

Dozza - I can't see how that wording relates to us. Maybe it's just google translate but it refers to mining and social frameworks stuff??!!
Thanks for unearthing it anyway , maybe I'm missing something?

master82- that bloomberg tv clip is a good find thank you .
Nice to see the British Amabassador spreading the word by saying ".... the refinery needs feedstock... and there's a British company bringing on production etc etc.."

Mongolian Parliament session ended 20th Jan, but as Dozza says the cabinet & ministers are still working ( even if that is at a snail pace). MB obviously wanted to give us some good news in the last LSE video interview and volunteered the comment that the minister wanted to resolve the LP by a central government executive order in next 3 months - amazing how thast becomes cast in stone in PI's minds and then a mega depression sets in. I'm hopeful even if its month or two late its likely to come and then it'll be game on for massive re-rate and into production ( after H1 2-3 week work over) in early spring

If the mining journal comment kindly provided by Jimi is in anyway right you can smell the LP authorisation coming through...on that basis its got to be another couple of hundred more quid buy for me..

Ojay - yes google translate.
I think as Dozzawba says - this is most important bit.." ...However, according to Article 9.1 of the law, the Council under the Prime Minister will supervise the implementation of the law and the activities of authorized persons"

Thanks Jimi - last paragraph is interesting:-
"However, with the approval of the Law on Permits, the Law on Special Permits for Business Activities was repealed, and the special permits that were regulated by regulations became regulated within the framework of the law, and now have the category of special permits. Sections 8.1 and 8.2 of the Law on Permits specify the types of permits depending on the field of activity and the authorities authorized to grant permits. However, according to Article 9.1 of the law, the Council under the Prime Minister will supervise the implementation of the law and the activities of authorized persons. It is emphasized that individuals and legal entities who violate this law are subject to the provisions of the Criminal Law or the Law on Violations"

Tilly- always respected your take on things before but in this case, I tihink you've miss read it. It is as pwlx said below.

*reminder

A remiderds of MB interview 5th Dec 2022
https://www.youtube.com/watch?v=NO6lIYruWDM

Watched Kettle... and all that!

I'd rather they do it where they operate as it shows commitment to the country , its good optics at all levels.

Why the negativity when AGMs are just scheduled events,

Michaeldoogle- Who does that?
Sets up an account today and in their first post slams the company they're interested in enough to
want to comment on a chat board.
Fact :- Did not try to raise cash last year.
Fact :- Anyone invested in Matd knows Mongolian drilling ceases during winter at -30 temps until April .
Fact :- $6mill is not $4 mil a figure you decided pluck out of the air to suit your agenda.
Fact :- 3 week work over with equipment already bought & in country gets Matd into production
at 500- 800 barrels a day
Do the maths at $70-80 /b and then.

Crawl back under your rock!

It’s just our previous broker has been taken over by Zeus… so all clients pass over . Nothing to see here. A housekeeping RNS

badprophet by name badprophet by nature...couldn't foresee his way out of a paper bag!

D1inger - only 5 of the 14 have been released for this first round of bidding but we'll soon see which ones they're gone for in this first batch