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My questions to MB would be would you please take legal action against some of the posters like hamm manro and master for posting lies and manipulating the share price for their little trades
1. Why have you(MB) been say MG has been supportive while waiting 3 years and no result yet?
2. How certain are you(MB) that LP will be granted for 2023?
3. Where have you(MB) been in the last 3 years? Will you be in Mongolia or will you be zooming again?
4. How much money is left in the kitty?
5. Why MATD hasn't been present in any Mongolian exhibition?
6. Would MATD take further action if MG for any reason wouldn't grand special land access?
7. Would it be possible MG nationaliz MATD?
8. would it be possible MATD leave AIM market?
Thanks Manro and master
I will add also.
If there is huge support from Mongolian Government, which Mike Buck constantly and on all of RNS or his presentations talks about, then why he was unable to get Land permit during 4 years of being CEO? Does he realise that by doing so he constantly misled investors not only for one year, but for all 4 years of his tenure, and that this turned out not just into "frustration" as he is very softly mentioned in RNS, but huge financial losses for investors?
And since Make Buck reiterates that "We are hopeful that we are now reaching a new phase in the process with central government recognising that it needs to bring this access issue to an end through direct action", two more questions arise:
1. Can he to achieve this before the opening of the drilling season in Mongolia, or will it result in new losses of time and money?
2. Is he now in his office in Ulaanbaatar and has directly involved in this or will do it virtually from Singapore, Italy or anywhere else on the planet?
Dear all,
CEO Mike Buck is presenting at our Natural Resources live webinar on Tuesday Dec 6 starting at 6 pm. Those questions which get to us early are most likely to be answered, and we would be grateful to take your questions now and put them to the CEO on the night. Thanks in advance! Just use the following link: https://www.surveymonkey.co.uk/r/CQ8S28M
These are the questions that need answering this evening.
How much cash left.
How are all the Activities in 2023 going to be financed
When is LP likely to be granted or special status.
Time frame for paperwork for the use of PC facilities
Any tanker/contractor to get oil from Heron to PC facilities .
Does heron need testing and time frame for testing.
When are JV papers likely to be signed
Time frame for rig contract or rig availability .
Lot need answering
The route to land access will be via the Special Designation, going through MRPAM / MMHI.
There's continued focus on BB chats about local sentiment but Petro Matad's interactions there are more a courtesy that has to be seen to be undertaken.
The company statements seem pretty unequivocal on that but it's a talking point for the chat board in the meantime.
With the massive potential / low cost Velociraptor drill now also on the mix, along with Heron production, tge Special Designation permission & DQE partnership, all to look forward to for a sustained price recovery back into double figures.
I dont expect (or want) that in the next few days but would prefer to see what I expect will be a bear inevitable progression back to those levels.
We're much better placed than the previous run to 9p on the EL issuance.
Mike Bucks presentation today via LSE should attract greater focus on the MATD stock and I expect we'll see a large influx of new investors for Velociraptor itself let alone anything else.
Those who want to wait can wait. Those taking early positions for the major rise expected over the coming weeks will do so.
Everyone to their own investment decisions.
Have a good day all
They've not done it yet in Dornod community - the offer is in place dependant on land access.
If MATD has doe all that for the community and they show no inclination to collaborate - we've wasted our time and money
Nobody knows what is happening here with the Block XX land permit. Thing to look at is that locals are obviously against PM, whereas look at Block V where locals are on board and PM doing things for the local people. Dornod province locals have only ever had Petro China and look at the state of the environment there, it's appalling, they haven't supported the locals, also not paid the correct taxes. They have treated the locals poorly. You have had the Eco Activist actively slating PC and telling lies about PM and locals are believing her. If I was a Dornod local I would look at their experience with PC and say I don't want another oil company in here. As said in the RNS it's up to the Central Government to overrule the Provincial and PM to be seen massively to support the locals.
If people look at how much PM has contributed to the locals and they still won't support PM.
Definitely PC is behind all this. Maybe PM will eventually get fed up and move on.
I can see money raise coming. There's not enough to do much next year.
I had to smile at this, especially the last two sentences. So in other words we've had to resort to bribery to try and get things moving along! I mean, we're not a charity and I didn't take part in the last fund raise for my money to be spent on water wells and trees, but oh well, if that's what it takes...
"At the local level, Petro Matad continued its close engagement with the communities in which it operates. To support local development, Petro Matad worked with local governor's offices to identify projects in Block V and sponsored a local volleyball team to participate in a national tournament, funded the renovation of 4 local administrational buildings, participated in a programme of livestock restocking and the construction of a water well for irrigation of trees. The Company contributed to tree planting programmes in Block V. In Block XX, discussions have been held concerning the multi-year local development programme. Whilst this programme is yet to be initiated, pending resolution of the land issue, as a goodwill gesture, Petro Matad together with its subcontractor DQE, funded the restoration of the Matad Soum landfill project."
A few on here have said that the SP will probs bounce a pence or two just from any news and that's what likely to happen, wouldnt be suprises to see 2.8 by close.
It's not amazing its not terrible so chill. But my fav part is Mike buck saying "its been a frustrating year for petro matad and its shareholders" feels like the first time weve got some emotion from him at the end of the day, we are in the same team he is so it's nice to see hes feeling what we are feeling. Considering the state of china and border crossing atm, having "equipment in country" is as much of a victory as I was expecting from a RNS in 2022.
We knew nothing big was coming this year but I'm happy to take this as a step forward, not a big one, but it feels like weve stood still all year. So I'm happy with the prep work ready for next year.
Be intrested in peoples opinions on start times next year assuming all goes well what the usual stat up time after a Mongolian winter?
I just want to put it out to all holders that there are some people on this board that should not be trusted or taken seriously.
Lambo222 is now all of a sudden MATDs biggest fan when only days ago stated
"RE: Land Access Decision in Mongolian Parliament this Friday 2nd Dec*Tue 14:43
They were supposed to discuss it last week and didn’t, and in any case it’s only in its draft form, could take years of consultation before been approved, no doubt a placing is about to happen, 1p seems likely for a few million to keep the lights on"
Be careful, I hope we are not headed for a placement but when you see these large swings with all of these posters coming out of the woodwork it makes you wonder if there is something at play. Let's hope not but you can't be in both camps. There could be some shorting and manipulation going on also. Although I am very heavily invested in MATD I am still conscious of the AIM and the MM manipulation to suit an agenda. I would be extremely dissapointed if I was correct.
Cheers Ost
We all know that when this hits next year and stock rises, all the people moaning and complqining here, will pretend they had faith all along ??
Definitely a pump before the raise. It's a cnts trick but that Aim for you.
I doubt MB has 6mill left . He wants heron 1 ,2 and 3 onstream.
He wants valicoptor drilling
He wants renewable energy to explore
He blew 4mill on thin air in the past few years.
The drills cost $1.5m, they have $6m cash and an agreement about to be signed off with DQE, so they are fully funded for all drills in 2023
Don't understand the rise.
Without local support ( how did that happen ) and at best going against that local support seems like trouble to me trying to expand on the one hole. As for other areas - they are still discovery wells, gonna need a lot more dilution before getting near production.
Holding for now - all the best to those sticking it out.
The same old sh.t in the new wrapper is presented as candy aiming a new placement. Very clever tactic. Why to pump out oil if you can pump money out of the pockets of gullible investors, and even more so, fools who rejoice at the mere sight of candy.
Having previously sold down in the 4p+ range....it makes sense to top up today in the 2p + range.....we are in a better situation that where we were at the 4p+point.....GLA
Huge news today it really was and only now been picked up by the wider market
2.27 / 5.5m
The fact they will be drilling a 100% owned fully permitted 200m recoverable prospect in Velociraptor in 2023 for only $2m makes this a no brainer to get in early and enjoy the ride. Coupled with clear Mongolian government support to override the local decision on heron the rns was a clear buy signal and when matd runs it usually just keeps on going. 500m barrels in block XX, 600m barrels in the Raptor trend on block IV all low cost on land drilling there is nothing on aim that comes close to rivalling matd for its life changing potential gains especially from these all time lows, it was £100m Mcap a few years ago before they even found oil at Heron, by spring 23 this will be 10p imo
Its interesting to see only a couple people read the latest rns as negative, and the wider market is definately responding positively.
Some people just have a bleak outlook on life
Good to see the mood has changed here, hopefully this is a turning point after this RNS :)
GLA
Buyers paying 2.10 at the moment. ATB