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First will agree with mr Condor man & other. Do not have time for paid ramper / deramper discussion. ONLY have time for focus on INVESTMENT.
My estimate is triple digit SP & what other people get emotional about on BB actually give me MORE confidence for company to achieve this.
Seperate LOGICAL / UNEMOTIONAL investor from REACTIVE / EMOTIONAL one.
I do not single out poster so do not vebuiset anyone please.
When placing which mr Mike Buck & Petrovis did buy into I say "do not like price BUT new development take us ALL closer to triple digit SP goal". Did not worry short term price move because goal is MUCH MORE then few penny move.
Monday RNS same and VERY exciting because look like it confirm what I say all along ("reading between line is not difficult").
Now I explain what I think
V1 Drill - Think most people expect will be price move up into drill (will explain LP later in post). Yes is exploration drill BUT in Taats Basin with proven WORKING PETROLEUM SYSTEM and EXCELLENT OIL SOURCE ROCK. Is this 100% guarantee of strike? No but it look VERY good for this & Oviraptor / Tsagaanraptor next door with V2 ready to drill.
Lot of people who want to derisk already did with 25% price drop. Now look like price stable & ready to start to rise into V1 operations. Do people really think won't RISE next few weeks?
IOM Meeting - Already company say was to do with NEW BLOCKS and no doubt PSC part of process so no direct misleading lol. But read between line & high power representative IN PERSON at incorporation office. Already have said discussion on Block from phase 1 & look at other blocks. Also know Petro Matad Energy Ltd set up. This just confirm (to me) what I say before about new Partnership with Mongol Govt working TOGETHER to exploit Mongol Oil asset. This is HUGE especially with Mongolia potential NEW SAUDI ARABIA with Petro Matad as close partner and thank you again mr Master for finding this first.
LP - Mongol Govt serious about this I see from cold logic or would not go through Special Certifucation but leave at local level. RNS on Monday tell us is now with Ministry of Construction & Urban Development BUT did not tell us WHEN this happen. I think Monday RNS rush out for good reason which I explain but think this could happen some weeks ago. I think reasonable to say Ministries not change position from submission before & think process to Cabinet submission may be very quick & surprise people. Think will be well before V1 result in Mid July. This is my opinion & take or leave but did have confidence enough myself to buy more. My money my decision :)
People say mr Buck should do more Twitter /Social Media and agree 100%. But also give me confidence he do not like other CEO who desperate to push company & deliver nothing.
Mr Buck very confident to get job done & does not think he need this when he know will deliver result. Do not agree with this but because am here for triple digit SP growth do not really care.
I did send email to him last week to say he should explain about IOM meeting AND he promise to announce Pre-Spud preparation.
Think this cause comlanybto rush out "read between the line" RNS on IOM & progress on LP which like I say could have transfer to other Ministry weeks ago.
Look like VERY exciting time for Petro Matad & all shareholder now. VERY EXCITING if you can see what happening.
All money all decision own BUT can see price will rise through V1 operations & LP RNS will surprise lot if people waiting I think.
I hold safe, did add more & expect VERY good time for all other holder.
Minister of Foreign Affairs meet with His Highness Prince Faisal of Saudi Arabia to discuss investment including Mining & Energy.
Like I say look at bigger picture & all meeting with major foreign power recently to attract investment into Mongolia.
With IOM partnership with Govt & Renewable JV Petro Matad have strategic position as player in all this.
This why I accumulate stock & without emotion ;)
WOS //My estimate is triple digit SP//
Quite a few on this BB claim (I believe them) to have millions of shares. To believe that PM is going to create multiple millionaires for doing nothing more than investing a few quid is truly cloud cuckoo land. hoot hoot!
Okay
Like I say my money my investment. Your money your investment
Be happy sir :)
Wos can your clarify, this is your third account and previous two were serial rampers who led many investors into diaster.
What were there names, magnus something and another one
Untrue & like I say will stick to investment discussion only.
Disrupted BB does not serve purpose of real investor & even I have fall into this trap.
All know does not serve purpose of real investor to fall for this plan by disruptor so
Investment talk or NO TALK ;)
SPUD RNS - 2 Week
LP UPDATE - Before this
Imo & with good reason
It’s way more than that, goes back years to when he was ramping this on the BPC board. Writing like a native american in a 60s western is a new twist though.
“LP UPDATE - Before this ”
Update, but not necessarily the LP?
Another day. No news. Bb full of garbage. Proceed 😀
NATIONAL CONFERENCE ON INDUSTRIALIZATION today & organize by Prime Minister.
If you follow these developments you will understand direction of Govt policy & how Petro Matad fit into this.
Pert of 'New Revival Policy' and focus on foreign investment climate and especially Mining / Oil.
Massive expansion in oil sector planned & look like Petro Matad will be part of this. Look like IOM meeting part of picture for Partnership company imo.
"The main goal is in improving the investment in the I dustry, the legal environment, the energy and infrastructure resources that are important for the recovery of I dustrializatiin and the co-ordibation between the government and the private sector"
People who use BB logic say "why they not get Petro Matad LP then"
Calm investment logic say look at Govt who now take it out of local govt hand & push through route of SPECIAL CERTIFICATION under Project of National Importance (mean this better get done in political talk).
All thing clear with good research & see all piece fit together.
Like I say this morning think submission will be very soon. People maybe think RNS on Monday mean process start Monday. Think Monday RNS more about announcement of Pre- spud preparation & clear up IOM situation.
Ministry change could happen weeks ago & Ministry opinions / final submission in very short time period.
Like I say I buy more so happy other people react from emotion while I invest with calm investor mind.
Happy for this & what I think will be strong price reversal back up into V1 progress & Special Certifucation RNS VERY soon.
Make own decision. Have make mine :)
MAKE OWN DECISION.........HAVE MADE MINE ALSO...........
Manro we will see how this unfolds . I'm well invested and expect good returns.
I was in very good profit at 7 but still kept hold because i know it should be heading towards 10p.
Sp went to 9p before the raise without EL and no drill in block 5..
Current value should be 7p without block 5.
Once LP is granted it should be over 10p.
My target was 7.5p but i think 9p is my new target.
The other reason is you can get info from locals of what's going on. Once heron field is online and if MB is not updating us on twitter then I am willing to employ someone at local level to do all the checking up and send pictures back of the progress
Master82,
Your trouble, like all other people who haven't lost ability to think critically, but remain honest, is that they think the way they would behave if they were in the place of these swindlers. Completely losing sight of the fact that the crooks had a completely different task from the very beginning, namely to rob investors for as long and as much as possible. And honest people very often simply fail to understand this twisted psychology of thieves and swindlers. Therefore, be prepared for the fact that there may not be any LP for a very long time or the Raptor will be empty. And the time when LP will be granted the share price will drop to 1p. In the interim of all this, the MB will calmly resign with the stolen from us money. And the reason of his resignation will be announced that he is "pursuing a different goal" or decided to retire. Do you think I'm fantasising? If so, look what happened to the Beowulf (BEM), but please don't fall into a shock
Look like price ready to turn now & start push back up into V1 operations
Have good weekend :)
I think it'll stay exactly the same on Monday.
There is some truth in what Manro says, not necessarily with Matd specifically, but an overall AIM risk…..Yourgene was a share I’d been in and out of for years, always seemed to behave fairly well as a board, until earlier this year when the share was 4p and they issued £10m of shares at 0.1p to major shareholders and board members and my £4K became £400 over night……..and many do constantly just raise…..like Angus whose shares in issue is so huge I can hardly even say the number.
In Matd case I’m more worried about Mongolian govt than Buck.
I thought earlier this year his white lie about 1-3 months till permit was superb way of not raising at 1p or lower.
I don’t think we’ll see an LP this side of drill, but may see a rise up to or after Spud, which from RNS is next scheduled RNS, so probably around two weeks away.
GL all…..trade carefully and be aware of what Manros warning, but don’t let it spook you to much, at the end of the day life’s a risk in itself!
Now we get back to REAL world investing & company analysis ;)
Prime Minister Oyun-Erdene today
"The New Revival Policy' was approved by the National Assembly on December 20, 2021...to increase our Economic growth by 8-10 percent every year, to increase our Economic turnover from 50 trillion to 100 trillion (assume MNT), to increase GDP per capita to 10,000 dollars, to form a corruptuon-free government and to make absolute changes in the quality of life if our people"
Think when you look at multiple intel source every day you have better understanding what happening in Mongolia.
This is why am so positive about Petro Matad operation in country & partnership which go forward with Govt.
Massive thing happening for company which think lot if BB experts have no clue lol
Invest or not on own feeling but I invest on own RESEARCH ;)
Think talk of mr Mike Buck to resign is not focus for serious investor just few week before big V1 start LOL
WOS Prime Minister to day this was news 2 years ago so why say it was today it was not. Please it maybe relevant but lets at least get the day right.
Date: 27/05/2023 at opening ceremony of construction work for Shiveehuren Port (Mongolia) to Sehe Port (China) - Source: Montsame.mn
I see where confusion is mr Ibiza and will take responsibility for this. Cannot put all of speech so just put small part but ALL very positive but see yourself.
Prime Minister did refer to New Revival Policy' introduction in Dec 2021 and to show how this does translate to practical development TODAY.
Speech was today and he also say "In the future there is a need for the Govt, Private Sector and Investors to further deepen their trust, strengthen their understanding, to be careful not to loose development time in empty politics and work harder & harder to compete with every hour and minute"
This Government is VERY SERIOUS about building ECONOMY and to attract foreign investment. This is why they pass new laws and kick local Govt to the side with Special Certification process for Heron.
Some investor I see take eye away from real focus and start to talk of thing like "let us sue Govt". I wait for them to hire lawyer (lol).
From my research am VERY positive of Petro Matad growth in new pro-business Mongolia & what I think will be massive news of Petro Matad / Mongol Govt Partnership.
This is why posters here who talk about past, past need to be CURRENT or they will miss Mongolia economic growth rocket ;)