Member Info for Shagged

The wise owl is clearly constipated and should lay off those mice for a while. Not a cat in hell's chance of LP being approved before the most likely scenario of a Raptor duster (80% chance of failure).

What price the share then? 2p perhaps?

I wonder if it'a a possibility that the FCA have advised GST that there is a further element which the company requires before they can be accepted into the sandbox trial? Perhaps a further element that may require an acquisition by GST and one which may well involve a sum of approx £750,000.

Pure speculation of course and were it true then I can imagine GST would much prefer to make this acquisition final prior to releasing any RNS beforehand.

I notice from the RNS dated 22 May, in relation to the Block XX exploitation licence the following MATD comment.

'However, the Ministry of Construction and Urban Development has insisted that as the ministry responsible for land issues, the Cabinet submission must come from them. As a result, they are repeating the step of asking all other ministries for comments after which we expect they will make the submission.'

So MATD 'expects' the Ministry of Construction and Development (MOCAD) to make the LP submission to Cabinet.

The question I would ask is how do we know that MOCAD have any intention of submitting the document for approval? There is nothing to say that other ministries won't post objectionable comments which may deter the MOCAD from even submitting the document, or at the very least severely delaying the submission until objections have been investigated and dealt with.

If they continue to go ahead and drill VP prior to being granted the LP.

A duster on VP, which is way more likely than not, will absolutely decimate the share price with no confirmed LP to back it up.

Totally nuts.

Perhaps Noel is still holding and just as equally possible, he's sold up, moved on and not yet informed the market.

HeresHoping - that's a great idea. Imagine how happy that would make those who have sponged all through life with their benefit cheques and workshy attitude. It would just prove that being a lazy, cheating, sponging twot is exactly the way to go. Sponge all through life and double pay on retirement age. Way to go!

Ok, own up. Who has gone and upset our Graham again?

I often check back on the good posters history to refresh my mind but notice the subject message when I click on GRH's name.

Perhaps the CEO is just a serial photo bomber trying to promote his company?

Just put the tiddler away Willy.

Time for Petro Matad to let the Mongolian government know in no uncertain terms that no further moneys will be invested by them into Mongolia until such time as the LP issues have been sorted once and for all.
I've no doubt Petro China have had a large hand in hindering Matad's progress in Mongolia. After all, who wants anyone else
to stick their straw into your drink, even if it is completely legal?

That's what she told me.

Trifle - well we'll see at the time but I don't envisage this time with Novum will be any different to any of the other previous raises, after which share price oppression occurred each and every time. Any sniff of a rising share was always quickly snuffed out by offloading.

Judging by todays options RNS I'm more inclined now to believe MOU1 testing is not going to occur as was stated but will instead be done later, possibly after MOU3. No chance of MOU2 being continued prior to MOU3 or the options would have been tied in with that drill. Also PG has allowed himself a whole 6 months, leaving plenty of time for delays to the previously hoped for drilling date of early May for MOU3.

So with nothing earlier than MOU3 to look forward to there seems to be little to instigate much of a rise that won't be sold into.

Next news a placing?

Due to be added on or around the 3rd April. Novum Securities tend not to hold onto their PRD shares and so we can expect a heavy ongoing sell down of these shares pretty much as soon as they're able to offload them.

Wouldn't it be wonderful if PG was able to announce the successful results of testing from MOU1 prior to the release of the new shares to market? Or perhaps that's just wishful thinking!

Without any sort of positive announcement I can't see any sustained rise much before confirmation of the new MOU3 drill date and would even go so far as to say the current rise from yesterday which may even continue for a few days is being contrived to allow Novum to offload at a nice big premium to 5.5p.

I continue to hold until the end game .

Green boxes or you missed it?

Cheers BDT. Realised after I'd sent it.
I have the patience to wait, particularly with a successful MOU-1 result.

Happy to have the opportunity to take another 125000 of these at just under 6p.

Strongly suspected they would raise again, indeed what an idiot PG would have been to go ahead and test a well without having enough in the bank as a backup in the event of failure to realise profitable gas from said well.

I believe MOU-1 will be a success and when that proves to be the case the share price is going to rocket and this fund raise will be the last of it's type for this company, at least at anywhere near this low price anyway.

Yes, PG has released another shifty RNS which hasn't revealed the way forward yet for MOU-2 but tbh with MOU-3 now financed for early April drill I don't really care. Come early April with a successful MOU-1 behind us the current share price will be well behind us and never to be seen again.

Nocluetrader - thanks, that's very helpful.

Hopefully GST will be able to announce the first hurdle (application assessment) have been cleared as the 2-3 week period for this is now up. Once complete, a further wait of between 2-3 months for panel review outcome.

The approval given to GST for the change of control of Angra took 18 weeks to get final approval. Perhaps people seeking approval for the stablecoin regulatory sandbox application filing approval are being a little optimistic expecting approval shortly?
If it takes the same amount of time for approval as Angra then we could be looking at the beginning of July for approval, assuming it is given.

Thoughts?

Well perhaps they're pipe fishing and desperately trying to retrieve the situation prior to releasing news.
been there before.