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Dear all,
It was good to see Mike on such positive form at last night's webinar, and good to see that he has been busy. All the kit for Heron 1 is in place, most of the kit for the Velociraptor drill. The Mongolian Government have put new exploration licences up for auction and Petro Matad aims to be in there offering their services as operator in JV's with others or by themselves. A renewables JV is being thought about. China's economically damaging Covid restrictions may be lifting at last (see today's news) and the Government are to grant 'Special Purpose Certification' to get Heron 1 operating. Well worth another look. See the full video presentation here: https://youtu.be/NO6lIYruWDM
Another exploration/renewable auction?!
Let's have Heron LP first after 3 years waiting.
It stupid to trust MB with new venture while we haven't sorted LP.
Hamm,
On what basis MB has lost 3 years?... Are you saying that another CEO or another UK company in exactly the same situation and in the same locality would have sorted the Heron LP in a couple of months?
Anybody else would have been at the site first. Yes anybody else might have done better than MB.
MB is still talking about Mongolian government support! Which is not true. As he said himself this kind of special permit has already done twice in the past, 12 and 6 years ago si it isn't anything new. Saying that we sort out the permit in 1 to 3 months which has already past the timing is nonsense. MB shouldn't spend a penny on locals, sport team, cleaning land etc etc till we get LP sorted. MB shouldn't start another venture before H1 LP granted. No I have less confidence in him now when I heard him this time.
I wouldn't blame MB personally as PM have struggled (and continue to do so) with extraneous factors and in a difficult place to do business, but there is no solid reason to believe that 2023 will deliver the pot of gold that all investors would hope for and which some seem to think is inevitable.
Hamm, I have been as p*ssed off as you with the lack of communication from MB. At last we got it yesterday. Other than the LP the rest was pretty damn positive tbh.
Where you comment Buck should stop paying for sports days etc etc and just get the LP. The sports days etc etc have been done around block V and what has that resulted in ? We are all systems go on Block V, the locals are happy with what PM has done for them. Ref Block XX the locals aren't playing ball - the eco activist is from Dornod who has been spreading the crap - Buck has said they will invest in the local area when they receive the LP - they have sorted land fill area with DQE as a gesture of goodwill. That's all they have done.. They won't do anything else and use their own money until the LP arrives. It isn't going to come from the locals so hence the Central Government has got to overrule the locals. The minister said 1 to 3 months - in October. We are already halfway through - it could happen tomorrow - who knows . Your decision to wait for LP, but once you see that RNS with it on, you ain't going to get in around 2p I'm afraid. ATB in what you decide.
Hamm/badprophet,
MB has stated that PM has experience second to none in the west about Mongolia, years in the country, geological data, highly enthusiastic and effective board, etc etc... Surely that counts for something - ?... Done all that ground work and painstaking preparations to drill, surely they are 99.9% confident?
Email, I appreciate what you are saying but ofcourse MB would say anything positive. Please stay back and think again.
MATD has been drilling for many years and spending millions and finally found oil. However MATD could have started exploring with the most likely to hit oil well rather than the least one! So they haven't been efficient. And now we have been waiting for 3 years and No LP yet! MB already said lots of things/ promises which never materialized. If this minister were really and truly honest he would have written to MATD as a document. Tell me why MB hasn't been in the field?
Tell me why MATD hasn't been in any Mongolian exhibition?
I don't really believe what he said. To be honest he acts like a robot telling us the same empty promises.
He needs to get the LP done and dusted before any spending. Then I will believe him.
// surely they are 99.9% confident?//
PMSL! They gotto do that in a webinar. LSE's aim is to attract more suckers to invest. They aren't gonna come out and say "It's a crap shoot - take a chance but you might lose everything".
Hamm/badprophet,
Thanks for your replies... I am very worried now... I have already lost a lot in POG, now this
BadProphet - You said that you sold your last Matad shares a few weeks back.
Why are still here? Have you bought in again?
I'm still invested emotionally
Says it all really.
Badprofit not invested.
Hamm can't read or chooses to ignore fact.
80 percent of negatice posts are these clowns, generally messaging each other to tell each other how bad the situation is. Mean while.back on earth share.proce up 40% on the way to 20 to 50p amd beyond.
Well done boys picked up a bunch of cheap shares from the sheep and now ready for an exceptional year .
To everyone else MATD is going have a blinder next year. May be good news over Xmas period of
- Special purpose certificate
- production from Heron 1
-studding of Velocoraptor
- renewable JV
- DQE partnership
-hopefully securing block 11
Wishing everyone a Merry Christmas and a safe and happy festive season.
Cheers
Ost
Ostraliamutt - you state it like it's set in stone - it aint.
Ost, if you had really believed what you said you would have been kept quiet and put all your money and more and gambled on MATD! however you know at the moment it is all talk and nothing more till we get LP. Mind you the share price is still around 2p. A month or so ago it was over 3p. How much is down? Facts that you can't understand or you are just playing fool.
I can't even sell 10.000 share at the moment says it all!
Nice overview Ostraliamate.
As your post states we're looking at multiple near term news releases (some due at any time now) with a beautifully balanced risk profile incorporating Production/ Exploration and Scaleability factored in.
'20 to 50p and beyond' absolutely.
Each to their own investment decision.
Its intersting to see Manro's investment rationale playing out. He told everyone on the MATD board to buy EME at 12p. It's currently sitting at 0.875p.
He told everyone to buy PANR yesterday and currently over 10% down.
All based on the arbitrary fact that he 'liked the management'
I prefer hard investment criteria to base my investments on and MATD stacks on multiple fronts that have discussed previously.
I expect a cracking run on the SP in the coming weeks and the existent asset /production & expansion through strategic alliances, underpinning the company's growth into a mid -tier O&G operation.
'20-50p' is a minimum expectation for me with MATD being a comitte longer term hold.
Regards
Hamm,As if anyone would think you have 10,000 shares to sell ... Maybe you should try BUYING 10000000 SHARES ..then at least you would have something real to gripe about if the price drops..otherwise STFU !!!
Hamm mate give it a rest i can sell 500k in one hit at 2.30 ATM !
Get a new broker
Rumours of a 2p placing apparently been worked, sneaky
Let's talk about facts, $6m in the kitty and MB is ready to gamble on drilling with 1/3 of money MATD has. He is ready to spend $1.7m on drillingwith20% chance! Considering that we have been waiting for 3 years for LP! MB spending our investment on volleyball team!
He needs to wake up and focus on H1,2,3 but He doesn't get it.
NO HAMM.....YOU DON'T GET IT....No one wants to read your posts and yes I am blocking you ...
POS, OST, fair to say if we get LP the share price would be over 20p+ for sure. wouldn't be surprised to be even 50p.
email, You only ever loss if you Sell at a loss...If you hold on and wait then the share price will come and meet your buy price ..O.K it may take time but why would you get involved with a share like MATD if you could not afford to say goodbye to your money..High risk ...high return ...or bust ...
When Mike B was talking about drilling Vraptor in first quarter, I assumed he was talking about July-September quarter, as he spoke about the drilling company being busy, but then a new winterised rig coming online if it arrived and time was running out. He wasn't talking about Jan - March was he?