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Excellent outlook for MATD holder and lot of positive development but 3 MAIN POINTS.
Special Certification Land Access - "Now at an advanced stage and we expect the submission to Cabinet to be made shortly"
Like I say they are in direct contact and like I also say expect in next few weeks BEFORE V-1 drill result.
V1 Drill - V2 ready to drill immediately on "success OR encouraging results" but at "company discretion". All drill on site & paid for
RENEWABLES - Add value & generate revenue in the NEAR TERM.
Say before MATD stock very undervalue & ready to multibag with or without Velocirapror drill with LP for Block XX expect very shortly now.
Read RNS yourself & do own research. Lot if trader will be afraid clever ones will start to BUY in now & can see by there posting ;)
Invested ones wait with confidence :)
Think some maybe more simple one get confuse with what "multiple workstreams" & "coming months" mean.
Petro Matad have LOT of workstreams / projects which coming on line & for newsflow.
For Block XX Cabinet submission they say specific will be "SHORTLY".
This make sense with submission ready timeframe of MMHI proposal before. Think investor (or sneaky trader) need to know how to read RNS lol
"The Company believes that the current cash balance is sufficient to continue operations until at least July 2024"
Please read full RNS. Thank you ;)
Also remember near term revenue expect from Renewable projects (must be advance) & Heron field.
Confident of Heron development THIS YEAR with Cabinet submission SHORTLY.
Or
You could believe some anonymous BB poster who do not read RNS & maybe have been caught with pants down ;)
WoS stop rewriting the RNS!
I have read the RNS and it does not say Special Certification Land Access - "Now at an advanced stage and we expect the submission to Cabinet to be made shortly"
It actually says:
...The Company continued to push the Mongolian government and authorities to register Block XX Exploitation Area as special purpose land.
Current situation
... The Ministry of Construction and Urban Development has completed its internal work and has submitted the documentation to all other government ministries for comment prior to submission to Cabinet.
...We continue to push forward with our 2023 work programme which of course includes urging the government to certify Petro Matad's Block XX Exploitation Area as special purpose land
Hm - last time they said they had enough cash they did a raise few weeks later so not really believable IMV.
Read my post 07:33 yesterday with breakdown of timeframe from other submission & now.
CONFIRM official company position to expect Cabinet Submission "SHORTLY".
Any day next few week with next Cabinet Meeting TOMORROW (Ulaabaatar +8hr GMT)
Mr CaC did you read all of RNS. Did you NOT read expect submission SHORTLY reference?
Under Block XX Exploitation Area - Land Access header
"is now at an ADVANCED stage and we expect the submission to Cabinet to be made SHORTLY"
CaC the Misleader - back to old tricks again? ;)
I read FULL RNS & do research :)
Mr ART
"The Company believes that the current cash balance is sufficient to continue operations until at least July 2024"
Thank you :)
I don't trust WOS.
He has added SHORTLY to today's RNS.
This is not good and at best is misleading.
But why would you trust someone who posts 10 times a day since joining in late January this year.
WOS, Investors will take Mike Buck's shortly & coming months comments with a large pinch of salt after all his previous comments on when it's coming that all came to nothing.
Investors need some timelines, dates fixed for cabinet to hear and approve, until something tangible is stated, comments like 'coming months' or 'shortly 'do do wash anymore and have little meaning.
No surprises there then one way or the other.
As you were everybody.
Looks Like Mb is on a mission to bring the SP down. 3 RNS and each with copy and paste with no new info.
He is doing a good job.
Market doesn't like it. 3.82 just went through.
This is heading south again
Nothing we didn’t already know….sit back and relax
Mr JB12345
Under Block XX Exploitation Area - Land Access header
"is now at an ADVANCED stage and we expect the submission to Cabinet to be made SHORTLY"
Do people actually read RNS lol
Ok ... buried towards the endvif the RNS in the directors statement it says
"The Company has worked tirelessly with MRPAM and MMHI to resolve this issue and the prescribed legal pathway is being pursued by which the registration of the Block XX exploitation licence as Special Purpose land will be requested from the Mongolian Cabinet. This is a lengthy process with overly cumbersome bureaucracy but is now at an advanced stage and we expect the submission to Cabinet to be made shortly. We look forward to resolving this issue and progressing Heron development activities"
However "shortly" ... not a very technical term for a timescale and in the context of...
"I very much look forward to updating you in the coming months with our progress on multiple workstreams that are now in play."
You still cherry picked one statement to create an out of context timescale.
Thank you for apology mr CAC.
When you look at submission process progression, previous timeframe through MMHI and now final stage to submission you understand SHORTLY mean just that.
Not sure where Shortly mean next year for some lol
Estimate next few week with Cabinet Meeting tomorrow
Well spotted C&C
Mr BP
He just did admit he was wrong & I did quote correctly with submission expect SHORTLY lol
Be happy but honest please :)
Lot will get caught out SHORTLY I think but your money & BB logic from people who do not read RNSs or do research :)
Be happy my shareholding us safe :)
Well at advanced stage and submission to cabinet expected shortly, good enough for me, he can't give dates because there ain't no dates
Expecting cabinet approval end of month but a week more isn't going to hurt anyone
Strong buy for me as this will mega bag
Also
""The Company believes that the current cash balance is sufficient to continue operations until at least July 2024"
With revenue also expect near term from renewable project to add to this
For one who keep saying placing coming lol. Believe or not up to you.
How many deramper this morning is BUYING now ;)
Also price how many people do not read RNS lol
I go shopping with Mrs WOS now. Very secure have my share safe.
Will not be surprise if finish BLUE after people actually read RNS & do research ;)