Member Info for WiseOwlSpeak

Also look at BIG increase in finances / loans from banks to develop Renewables in Mongolia - most I do not post because we focus on very near term Block XX RNSs due.

I watch RENEWABLE sector development a lot but understand Heron development is PRIORITY - For my investment timeframe this is position to be massive & attract even bigger institution funds.

Mr Hannes Takac from European Bank of Reconstruction & Development in interview today

- "the question arises whether there is enough energy supply the entire MINING INDUSTRY. Energy availability is one of the MOST PRESSING issues for mines" To solve this problem he talk about Renewables - this is tick for Petro Matad who target this renewable application.

- He talk about power transmission infrastructure. "Considering that the Govt of Mongolia is aiming to EXPORT ENERGY (Renewable) it will be necessary to build a high voltage line to China" (this will be Govt level capex).

Source: bloombergtv.mn/news/h23h1

Thusxate both areas Mr Buck did mention and SunSteppe is involve at highest level of Govt as you see with Hydrogen storage conference in Japan with Prime Minister visit.

We focus on Heron field 7,000 - 9,000 bbl day production but Petro Matad have position brilliantly in Energy Sector working very close with Govt in muktiple areas (just look at Tender process develooment for New Blocks).

Petro Matad will not be small Aim stock for long but this is full discussion for other time.

Buy or not but company will develop with or without small private investors.

🦉

Mr Stevehuges

Legitimate concern and know your post was to Mr Searcher but will give my views because did bring up point few day ago.

First let us break down all aspect logically

- Mr Michael Tang is CEO of GCM AND Executive Chairman of Polo Resources. Thus would be very irregular (criminal) if funds from Drawdown asked by GCM but refused by POLO.

- Legally GCM has right to funds as part of Drawdown agreement. Legal recourse / compensattion if denied

- The amount is not a large one to open up possibility of above for Polo

- MOU terms re entry extended with Power China

Remember company often Like yo hold funds to last minute for additional interest benefit.

This is my view and make sense. Today price a bit down and fine because cannot expect any (healthy) price move to be in straight line.

Many will see as opportunity as with other shory dip periods.

My personal view is RNS will come next few days and price will quickly move into double figure territory on still modest volume base on limited free float (just my view).

🦉

Mr Doc - this is sort of reply I expect from you - sometime surprise us with research and not (always) b*tch post about other poster.

Mr BP - why will I bet with you? I try to do research and share with other investor. You admit you come onto this BB and spread lies (this is your own words not just gossip made up).

I am INVESTOR not fortune teller BUT reach & logic make me VERY confident of PRICE INCREASE / UPTREND / MULTIPLE ROI.

Think this is enough for me and also to share Intel with BB so investors can make up OWN mind.

Now I get back to INVESTMENT chat - only gossipers happy with arguments on BB.

Be Wise & focus on INVESTMENT 🦉

Instead of insult maybe we can discuss in sensible way which benefit BB.

- With EL but no final land access permission we get 9p.

- With Cabinet decision but no final land access permission we get 7.5p

First one little bit less share in issue but much less prospect with other developments AND funding need to start Heron operations.

Second one no timeframe so investor have no guidance on this.

NOW - We have update for actual stage of progress. Herder compensation agreed / Money transfer to MRPAM account / From direct feedback expect transfer (and RNS) "soon" (RNS 19th Dec).

Investor like CERTAINTY & does not like UNCERTAINTY - now we have much more CERTAINTY.

We see how this move AGAINST us on drop but we can expect it to move FOR US on rise.

Think we can expect POSITION TAKING with full market back start of January.

We are anonymous poster here so to take insult at other person does not benefit anyone (Mr BP has been expose as LIAR but this is difference because he admit himself he lies on BB - post 06:26).

From this we see Mr Hamm has good reason for him to expect this price even if it does not happen. No one can predict 100% but we can give reason why we expect this and do not need abuse for this.

Be Happy, focus on INVESMENT & make BB USEFUL for investor 🦉

Same as I mention in my other main holding but much greater potential price move effect here.

Market will not really push into gear until January which provide opportunities in this quiet period.

As we see with GCM and limited free float and rising demand effect on price will be more extreme.

Market will not really push into gear until January. Good opportunity in this more quiet period.

🦉

Like I say have to balance portfolio for risk which I can more easily assess with my other investments in GCM / MATD (this is just example to highlight this point).

Still do not understand why SHORT POSITIONS open / increased?

Is good to have some well reason ideas.

Good luck holders anyway 🦉

Back to discussion on INVESTMENT where we share INFO / INTEL (and sources) to help each other - does not matter if we agree with conclusion.

No place for someone who deliberately mislead / lie as Mr Bad Prophet has now admitted!

We look forward to next company making RNS now which unlock all other developments / Newsflow / RNSs

Good to be holding MATD for 2024 🦉

Thank you for contribution LIAR - you admit this yourself now & maybe eye open for (few) other who support you.

Goodbye!

Main holdings GCM / MATD but do look at this sometime to see development.

I did expect short positions to close or reduce but look like some increase even - WHY?

Sensible reply only please but make you think why they do not close if prospect change?

🦉

Header say all!

TIK TOCK RNS / RE-RATE is coming!!

🦉

"She also said longterm plans have been adopted to increase power generation capacity to 40,000 MW by 2030 and 60,000 MW by 2041.“

Linking it to the header and the critical situation the ECONOMY / ENERGY SECTOR are in then that can only mean PHULBARI.

Very challenging to secure stock here with with very limited free float of shares.

🦉

Real discussion is will permission to mine Phulbari be given after the election - YES is my opinion based on SOLID reasoning.

Many will not understand how CRITICAL the situation of the Country Economy is. Talk of 'I think Hasina will do this' or 'Hasina will do that' is missing point - there will NOT be a choice in the matter.

With foreign currency reserves so low mining Phulbari will not have immediate effect but that is not how it works.

Foreign currency borrowing has to have basis of repayment, ability of borrowing, rates at borrowing. Without foreign currency to pay for imports / Int transactions the country STOPS!

What Hasina thinks or wants does not matter.

It is obvious the GCM management look confidently to 2024 post election. Anyone who understands how Economies function AND has done country specific research has good idea what will be happening with Phulbari post elections.

There's a very good reason the price is rising! 🦉

Challenge is to be able to build up decent holding level. Trading here is hazardous with such low liquidity, fast moving price & very strong fundamental case linked to critical economic backdrop of country.

🦉

If we keep focus on INVESTMENT we look at following -

- 2024 Company look to move to PRODUCER / REVENUE GENERATION stage of development.

- Transformational RNS which will open up operations. Funds in place and ready to transfer. Company say expect "soon" base on direct Communi action so have take this above BB poster opinion base on feelings.

- Open up other newsflow like DQE JV which we know terms agreed already.

- Heron full field development will see 7,000 - 10,000 bbl a day production with low cost / fast track development.

- Est 3 BILLION bbls in proven & producing Toson Uul Basin part of Block XX extension area.

- Equipment / Crew secure & cost covered. "Sufficient working capital to operate betond mid 2024 as a going concern, AS WELL AS commencing APPRAISAL & PRODUCTION operations at Heron oilfield in Block XX" (RNS Results June 2023 section (c) Going concern).

- New Blocks news to confirm blocks. Many in tender have full seismics / next to known reserves / some massive size bigger then Quatar.

- My opinion - I expect big Funds / Institutions to start to take interest. Some before production but AFTER next RNS about final signature on fund transfer. Some with PRODUCTION START.

Also other things which will not discuss in detail now but I expect Petro China to make fast bid before full development & with Petroleum Law reference which think will allow this.

Petrovis will want ROI BUT focus on very short term newsflow with RNS and then all different newsflow for Operational updates / Operational Start / First Production / JV deal / New Blocks etc.

Most investor still not have even return to market - UPTREND very safe I think 🦉

Mr PatShare

You always have option to sell NOW! 😏

🦉

Economic REALITY is not like BB posters 'opinions'! 😏

Energy is the biggest issue which underpins all industry. Foreign reserve levels and ability to borrow critycally compromised.

That is why the desperate talk of Phulbari Mining by the politicians / media now.

Really important to research this yourself and not rely on what some BB poster say is their 'opinion' - it all becomes very clear then and the price rise makes sense by the ones who have researched and are buying on now.

DO THE RESEARCH!

Be Wise & focus on INVESTMENT 🦉

Have a look at Financial Express article from couple days ago about problems between Independent Power Producers (IPPs) and Bangladesh Independent Power Producer's Association (BIPPA).

This is what serious investors should be doing!

"Today the financial state of the country is in crisis" - Regular State defaults to producers & suppliers of imported energy, foreign currency reserve crisis, immanant nationwide Power metdown.

Read for yourself AND all other economic output - it is MUCH, MUCH worse then before and since the Ukraine conflict.

thefinancialexpress.com.bd/views/columns/power-producers-facing-uncertain-future