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mike has taken quite a bit of flack and negative commentary over the past six months. hopefully now those appreciate why communications have been sp****. medium and long term, potentially massive returns for the patient investors. we all expect short term investor and day traders volatility.top slice profits as required stick to your own game plan and be lucky.
Furthermore, I prefer to "speculate" about Matad than who has their pants down đź’©
Lets talk about what is not speculation.
IOM meeting took place.
MG ministers, PM CEO and staff member present.
Photos taken to tecord event.
Petro Matad Energy Ltd is formed.
Heron Field is being proposed by the same ministers as of national importance.
Work has started on connecting this area by pipeline to the refinery.
Refinery to be completed in 2025.
Refinery capacity circa 30k barrels a day.
Petro China production declining and being sent to Chinese refineries.
Mongolia has a goal of being energy independent.
These are all facts and they do point towards a JV which would be mutually beneficial.
Please tell me that I'm wrong in thinking this, is there any possibility the the New company setup will do a one over us share holders? i.e. the New company will reaps the rewards, and because we don't have any shares in them, we won't get anything!?
Ninesandy ok with this and 14/15p by 2025 is my Minimum target here
Lol - I thought the same Rookie - AIM is so corrupt .
But your not allowed to say that on this board as it’s actually the shareholder
Reassurance board, where members tell each other everything’s gonna be alright!
With the exception of a few, Bad prophet, AIinvestor and Doc.
Hopefully it’s not that, but I see little good relating to us, as we are one company, this will be another. As someone pointed out earlier.
The RNS will tell us when it comes, but not from anyone on this board.
I’d of thought we’ll get one sometime in next two weeks for sure.
Peeemaetnez not sure what your up to lol, butt I think the share price will be 15p on just the LP and we have alot coming then we first thought soatd could be actually sitting at way over ÂŁ1 by 2025
Its a subsidiary. so we own it. just the 4 other subsidiaries. its not a separat entity. the parent comp is matad
Can people see now, matd will soon kick start quite a few projects and once heron LP lands institutions will be buying in, this is going to heat up now, this is why I'm saying and have said in the past, anything under 10p will be cheap as that price will never be seen again
Well that’s not so bad then Condorman, but let’s just bear in mind we currently still have no income stream, so new projects equal dilution until we have an income stream to pay for them - that’s not being negative, that’s reality, and renewables aren’t cheap……
Interesting news, although I am not thinking anything until I see more information.
A) dilution is a given for any minnow explorer.. that's a given. if folk take that as an issue when speculating in AIM companies then best stay away from blue sky oil/gas explorers. stick to producers aka bp, bg, chevron etc.
B) jv are bread and butter for minnows. it allows cost of developing to be burdened more from a bigger partner. if you discovered massive treasure under the ground, in some farming field...but it was 1000s of feet under ... you have to find someone with big pockets to carry out the work.. and that someone will want a share of the riches. that's how business works.. not only in oil/gas companies
"thought the same Rookie - AIM is so corrupt"
yet still pump money in AIM companies right? if its corrupt, its hypcritically daft to then put money into it.
Or it’s a gamble your prepared to take, as long as money you can afford to lose Condorman
It is unbelieable how desperate and helpless most investors have become that they are ready to perceive an ordinary event as something extraordinary. Don't get sidetracked and hope this is someting more than just a gimmick to keep ripping you off. And to be more precise, shear like sheep and then completely gobble up with giblets, if we do not strictly demand to respect our legal rights and financial interests. Therefore, let's, as I already suggested, start bombarding the government and other state authorities of Mongolia with our demands to stop robbing us by artificially created obstacles to develop our company from exploration to exploitation granting LP without delay.
Condorman, your A and B points are both valid, my point is, no matter what companies been formed is irrelevant, there’s only one thing we need now and that is the LP, so we can generate an income and limit the need for dilution.
Any new projects could be seen negatively by share price as it will envisage large costs on no income. We Need Land permit!
I share Manros frustrations, although I think bombarding govt will have no impact. I’ve always thought they’re delaying to as near refinery finish as possible, as Manro points out, just more and more excuses not to issue and all at a snails pace. That said they are looking to encourage foreign investment and this can’t look good……so I’m hoping Mike Buck is holding back to issue mother of all RNS’s to regain his credibility……next two weeks will decide that.
SirBob,
A smart rooster chasing a chicken thinks that if he doesn’t catch up, then at least will warm up. So here, if we can’t catch and force them to sign a document, then with our letters and messages on social media we can start to disgrace them in front of the whole world and make pretty nervous. Besides, it is well known that under the lying stone, into which these corrupt bureaucrats have turned the company, along with this MB CEO-liar dancing in front of them, neither oil nor even water will flow. Therefore, we must chase them with all our might for to be not only warm, but probably catch and f..k, having received if not pleasure, then LP for sure.