Petro Matad Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:MATD.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.9671462 Time to get those Drills turning - MATAD ??....!!…..

http://www.weather-forecast.com/locations/Ulaanbaatar/forecasts/latest

http://www.weather.com/weather/tenday/Ulan+Bator+Mongolia+MGXX0003

nm - Oilf. By oilfarmer ]]> http://www.iii.co.uk/investment/detail?code=cotn:MATD.L&display=discussion&id=9671462&action=detail Wed, 23 May 2012 07:02:00 GMT oilfarmer tag:iii.co.uk,2003:tst.9658988
Petrovis LLC
36,684,262
19.72%

European Bank for Reconstruction and Development
31,741,110
17.06%

Forestberries LLC
11,000,000
5.91%

GLG Partners LP
10,853,132
5.83%

Janchiv Oyungerel*
6,585,000
3.54% By Field Marshall Lodl ]]> http://www.iii.co.uk/investment/detail?code=cotn:MATD.L&display=discussion&id=9658988&action=detail Fri, 18 May 2012 14:36:00 GMT Field Marshall Lodl tag:iii.co.uk,2003:tst.9657854 http://www.iii.co.uk/investment/detail?code=cotn:MATD.L&display=discussion&id=9657854&action=detail Fri, 18 May 2012 11:10:00 GMT normde tag:iii.co.uk,2003:tst.9654510
Mongolia, the commodity-rich nation that posted the world’s fastest economic growth in 2011, is on course to pass a law by June that will bar foreign state-owned companies from controlling its key assets.

The draft law, submitted to parliament two years ago, was accelerated after a public outcry following state-run Aluminum Corp. of China Ltd.’s move last month to take control of SouthGobi Resources Ltd. (SGQ), Vice Finance Minister Ganhuyag Chuluun Hutagt said in an interview. The law isn’t likely to apply to any existing operations, he said. Rio Tinto Group is developing the $6 billion Oyu Tolgoi copper mine in the nation.

Tightening the legislation would mean Mongolia joins Indonesia and Argentina in seeking to control ownership of resource assets to secure their economic future. The draft law, due to be passed before parliamentary elections next month, will be applied to the bid by Chalco, as Aluminum Corp. is known, and is aimed at ensuring no one country or product dominates the economy, according to Ganhuyag.

“Investors don’t like it when the rules of the game are changed after the game has started, and changed often at that,” Dale Choi, chief investment strategist at Frontier Securities in Ulan Bator, said by phone. “It would be in the interests of Mongolian people to make a decision based on commercial factors, rather than geopolitical factors.”

Chalco rose 0.3 percent to HK$3.23 at 3:56 p.m. in Hong Kong, valuing the company at HK$93.3 billion ($12 billion).

Controlling Assets

Mongolia, a nation of 2.8 million people that broke off from Communist rule and dependence on the then-Soviet Union in 1990, wants foreign investment in key assets to be made by entities that represent several nations, Ganhuyag said. The country currently exports most of its coal and copper to China.

“We don’t want to be faced with one sovereign,” he said by phone from Ulan Bator. “Our struggle to get political freedom was a long one and we cherish that. We will not let foreign government-owned entities control strategic assets in Mongolia.”

The land-locked country is squeezed between China and Russia, two of the world’s ten largest economies and the No. 1 and No. 3 countries by land mass. China accounts for over 80 percent of its neighbor’s import and export trade, according to the World Bank. Exports to China rose to 92 percent of the total in the first quarter, Mongolia’s statistics office said last week.

Resource nationalism, or state demands for higher taxes, royalties or stakes, was cited as a growing concern by Rio Tinto (RIO) and Freeport McMoRan (FCX) Copper and Gold Inc. at their most recent earnings. The issue was the number-one concern among mining executives in 2011, replacing capital allocation, Ernst & Young said in its annual risk survey published in August.

Government Review

Chalco said April 2 that it agreed to buy Toronto-listed Ivanhoe Mines Ltd. (IVN)’s 58 percent stake in SouthGobi in a deal worth as much as C$925 million ($914 million). Mongolia’s Mineral Resources Authority said it would ask SouthGobi to suspend exploration activity and mining on certain licenses while it reviews the deal. Some customers have cut orders because of the request, SouthGobi said May 14.

Chalco won’t proceed with the deal unless it gets approval from Mongolia, it said on April 25. Yuan Li, a spokesman for Aluminum Corp. of China, Chalco’s parent, declined to comment, saying he can’t provide more information.

“There’s a big issue of discrimination and foreign investors should be just foreign investors,” Frontier’s Choi said. “You can’t create separate rules for Chinese state-owned companies or Canadian companies. Chalco’s accord is market- based, it represents the way the market wants to go.”

Coal Deposit

Plans to develop Mongolia’s Tavan Tolgoi coal deposit, one of the world’s largest, have also stalled ahead of the June elections. Progress By Field Marshall Lodl ]]> http://www.iii.co.uk/investment/detail?code=cotn:MATD.L&display=discussion&id=9654510&action=detail Thu, 17 May 2012 16:57:00 GMT Field Marshall Lodl tag:iii.co.uk,2003:tst.9629393 "The other two blocks (assets), IV and V lie in central Mongolia and cover 73,498km squared. This is real frontier territory..."- intriguing.. good luck mataders! Not much downside from here hence a strong buy! By tnf01 ]]> http://www.iii.co.uk/investment/detail?code=cotn:MATD.L&display=discussion&id=9629393&action=detail Thu, 10 May 2012 21:22:00 GMT tnf01 tag:iii.co.uk,2003:tst.9615107 http://www.iii.co.uk/investment/detail?code=cotn:MATD.L&display=discussion&id=9615107&action=detail Tue, 08 May 2012 00:00:00 GMT normde tag:iii.co.uk,2003:tst.9615050
I am not overly convinced they need to do a cash raise/placing so soon, I did fish through much information a month or so ago and it was ''fairly''' clear they only used approx half of the total cash they had prior to the 2011 drill campaign. Sure they will not want to drill the pot dry and then go hunting funds but they should have more than enough to kick off properly, Drilling & services are cheap as chips out there and it is all mainly serviced from over the Chinese border, the main reason they managed to do so much on what is such a small amount in 2011.

Looking at previous cash figures, they had a cash pot of around $54m before the last drill campaign, they had approx $25m left in the Sept 2011 report, allowing for some payments for ongoing works + final billing for last campaign ops then it is likely they have around $20m still in the pot, the next campaign is deeper drilling so will have increased cost attached on a number of fronts but should allow them enough capital to kick off the next campaign without immediate need for cash raise, maybe 4 wells before the need to consider...That said, there is still significant risk attached to Matd, they have a lot of damage to repair to their reputation, a lot got of investors got burned last time so I think a rise possible going into start of campaign, but unlikely this will sky rocket on start of drill, it will take a modest find & A TEST on it to get the pot boiling over.....

It will be a big disappointment IFF they opt for a placing pre-drill and it will raise more questions than answers as to what & where the remaining cash pot has gone..
P2G By Push2Gush ]]> http://www.iii.co.uk/investment/detail?code=cotn:MATD.L&display=discussion&id=9615050&action=detail Mon, 07 May 2012 22:24:00 GMT Push2Gush tag:iii.co.uk,2003:tst.9614944
http://shareprices.com/selected-sector?q=oil-and-gas-producers&sort=company&sortorder=asc&chart_time_period=1_day&movingaveragetype=

MATD on a day like last Friday did very well. How will it fare tomorrow? - I imagine a market fall as many will be running for cover because of doubts over France and Greece, so if it holds up again - that could be a very good sign. I would have sold GKP recently, but for the BIR's being close to an announcement. (Now wishing I had.) Even so, a change of investing strategy has seen my share holding increase 20%.

My impression is that MATD were too hasty drilling in 2011. Not enough due diligence and all that. Now they see the problems, they are likely to be cautious going forward, especially as funds may need to be increased very soon. Provision seems to have been given to the board to raise funds at their discretion at the 2/11/2011 agm: "up to 100,000,000 ordinary shares" (Resolution 7) - correct me if I am wrong!

So, that would amount to quite a dilution if enacted. Should a placement be issued - at what price? This will be the concern of many potential investors. The sooner these concerns can be put to rest the better. Hopefully, the new NED's will take an active interest and this year will see confidence return.

Best wishes,

normde By normde ]]> http://www.iii.co.uk/investment/detail?code=cotn:MATD.L&display=discussion&id=9614944&action=detail Mon, 07 May 2012 21:17:00 GMT normde tag:iii.co.uk,2003:tst.9614410
P2G By Push2Gush ]]> http://www.iii.co.uk/investment/detail?code=cotn:MATD.L&display=discussion&id=9614410&action=detail Mon, 07 May 2012 16:20:00 GMT Push2Gush tag:iii.co.uk,2003:tst.9613331
http://ubpost.mongolnews.mn/index.php/others/88888954-othertop/7121-petrovis-oyu-tolgoi-chose-us-for-reliability-not-for-political-favors-

"Funding issues" while hunting elephants - ??? I have been researching this one and I need to do a lot more to try to understand how the market has been playing this one.

Strengthening the management team is a positive, but no announcement yet on the person to supervise exploration. Will there soon be another placement? Was that the reason for the latest presentation? Was that the reason the SP fell soon after it was given?

On the positive side, drilling virgin blocks in the west does look more promising, based on the initial results of testing. Any comments?

P2G - sorry for misunderstanding you once on GKP. You are a good sort. I came here when I noticed that MATD had kicked the recent downward trend of most stocks. Sorry for those invested from the highs of last year. This year could be good. At the present SP, it does look tempting.

normde


By normde ]]> http://www.iii.co.uk/investment/detail?code=cotn:MATD.L&display=discussion&id=9613331&action=detail Sun, 06 May 2012 21:07:00 GMT normde tag:iii.co.uk,2003:tst.9609987
By Field Marshall Lodl ]]> http://www.iii.co.uk/investment/detail?code=cotn:MATD.L&display=discussion&id=9609987&action=detail Fri, 04 May 2012 15:09:00 GMT Field Marshall Lodl tag:iii.co.uk,2003:tst.9607775 Rossymc - Homework Grade - U

Don't beat yourself up RMC - it'll all work out - in the Final Assessment !!....

GL - Oilf.
-------------------
Oilf
Thanks for the message.
Not beating myself but I should have been more controlled with a SL and I could have had a better entry best time round.
Cest la vie

RMc By Rossymc ]]> http://www.iii.co.uk/investment/detail?code=cotn:MATD.L&display=discussion&id=9607775&action=detail Fri, 04 May 2012 08:55:00 GMT Rossymc tag:iii.co.uk,2003:tst.9607361
I also took a small stake in the 20's. Very small - I can write the whole lot off if required.

There were some positives in the last RNS and given the fact we had a new exploration manager, shift in strategy would be a good thing. Seems they are not just going to steam ahead poking holes in the ground, regardless of how cheap it is. However it does ask the question what the f.o.o.k have they be doing all winter, they have had plenty of time to sort that out. With a limited summer window what the hell are the rigs doing ready stacked when they could be drilling.

I should have know better...........

grrr iii's bad language blocker pi.s.s.e.s me off, can't even put f.o.o.k By Geordieaway ]]> http://www.iii.co.uk/investment/detail?code=cotn:MATD.L&display=discussion&id=9607361&action=detail Fri, 04 May 2012 07:38:00 GMT Geordieaway tag:iii.co.uk,2003:tst.9606533
WELLLLLL tbh I considered the estimated cash balance, stacked rigs easy to be kicked into action, the deeper prospects planned for the next campaign, the SP in the 20's, ALL said I believed it to be a fair entry point with the reasoning that they were likely to DO SOME BLO.OOOODY DRILLING as soon as the weather/operational window allowed after hibernating all darn winter, it has surprised me a little to see the SP dragged down this low BUT then again I followed it regularly last year and the MM's play movements significantly sometimes on what was small volume to suit themselves.

I am still not fan of the BoD at all, they made such a fe'rkin mess of the last campaign on many fronts, BUT there were some things of worth gained from those drills & I am kinda hoping they may have cleaned their act up somewhat going into this year... I don't hindsight trade, I took the price mid 20's as fair game, the controlling SEAQ MM's are wan'kers, not happy but not overly concerned YET !!! lol....

P2G ( BoD sort yer sheite out and give your shareholders some VALUE instead of feeding yourselves on so called sheite performance shares)


By Push2Gush ]]> http://www.iii.co.uk/investment/detail?code=cotn:MATD.L&display=discussion&id=9606533&action=detail Thu, 03 May 2012 20:22:00 GMT Push2Gush tag:iii.co.uk,2003:tst.9606440 Rossymc - Homework Grade - U

Don't beat yourself up RMC - it'll all work out - in the Final Assessment !!....

GL - Oilf. By oilfarmer ]]> http://www.iii.co.uk/investment/detail?code=cotn:MATD.L&display=discussion&id=9606440&action=detail Thu, 03 May 2012 19:53:00 GMT oilfarmer