On my part I appreciate any kind of information as long as it's well meant.- so VCB2 and Roulette: Keep up with your posts - always welcome!
RE: Still missing....
Two decent posts.
...those vital pieces of info re drill campaign and or drilling partner. The agm surely should have enlightened us? A damp squib would be a good description; well not quite in my view. We do know that earlier in the year the company have purchased/agreed to a extension to their licenses. We do know finding a drill partner who is willing to put pen to paper takes time. We do know that there is some back stabbing happening in the boardroom (money must be near) and we do know the directors want to own more shares. Hmmmm, so not all bad news eh? PS Fundraiser; feel free to sell your holding, I'll happily take them on board!
So the directors vote? Res 6 passed
To clarify matters re fundraiser making allegations of 'ramp', chinese whispers et al last week The directors of Petro Matad Ltd announce that at the Company's annual general meeting held in Ulaanbaatar today, resolutions 1, 2, 5 and 6 were duly passed. Resolution 6 allows the directors to buy back up to 15% of the company's value. I knew this was coming and tried to post the info to share with other beleaguered investors in MATD prior to the agm. I believe in posting up what ever info I have because I believe bb can be used to share info and help other investors. I've often been helped in the same way myself. I'm not an out an out ramper or liar, but I try to believe in the companies in which I invest, and do a fair bit of research. Of course I was upset by fundraiser's comments. To come on a bb and insult and belittle others isn't my style. I certainly wouldn't do that to someone I didn't know who may (or may not) be trying to help. One only has to take a look at the QPP board where insults are traded minute by minute to see how bad an internet message board can become. After all it's so easy to attack and insult others rather than to research a company for yourself isn't it? Thank you to bullant and On Line Tuba for acknowledging the truthfulness of my efforts.
Bottom line: All shareholders are disappointed with the (missing Impact of the) news offrered at the AGM. I wonder how far down the share price can go from here.
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