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What I don't understand is why not get the LP sorted while they were waiting fro EL.
blind leading the partially sighted. B
We probably know more on how to run a business than this plonker who has failed in all departments.
I think it will most likely be "We are still applying for a LP to be granted" .... So nothing new there.
That's if we do actually hear anything soon. 2023 will be when we have a much clearer picture by the looks of it.
Keep our fingers crossed and hope for the best though.
GLA
Yep Mike is on over $350k a year, disgraceful, huge drop on the way here when the truth comes out
I’m not excited, modest wages. Where do we found out what the wage bill is? Was it in last years books?
The wait is mind numbingly boring... but with all the Covid news is China I'm not particularly looking forward to news RNS
RNS! FULL SILENC FROM MATD/MB!
PM's SP has been jumping up and down quite a bit since I invested in 2010. So don't let the share prices Hamm refers to get you confused. Just to show that those prices are by far not respresentative, let me give you a couple of examples:
- In July 2016 the SP was as low as 1.73p
- During March 2020 up to May 2020 the SP moved between 2.15 - 2.4.p
- On May14, 2021 the Sp reached a high of 8.05p only to fall back to 2.83p on August 2, 2021.
Trading this share is nothing for beginners and most investors have probably lost out (and are therefore frustrated as hell).
Yes, PM's SP was @£2.10 in 2010 and 35p at the end of February 2017. There was a lot of hype going on in order to get it there. But those times are over.
ATB
The share price used to be over £2, then 35p and just before placing 10p or so and now nearly 1.5p says it all.
Still guys talking about rewards V risk. For 3 years MB/MATD staff get well paid for absolutely doing NOTHING.
Shame on them and more shame on guys who support them.
$350k a year salary for doing what exactly?? If he’s that confident they will get a permit then why not take his salary in shares….. the truth should be out soon, $5m cash so may be worth a punt around 0.75p once the truth comes out
'I am still firmly of the view that our local access issues, the one last step in this long winded process will be resolved before the end of the year.'
Since you like your post as a reminder!
Good to see the same old peanut gallery are still here.
Good time to repost my post from a few months back to break cycle of doomsday prepers.
I am.surpirsed you are not just posting to each other as most sensible people would see through your relentless negativity.
Here goes.......... take 2
Hi all,
I think everyone just needs to chill out. NOTHING has changed.
The board are not going to take a brief case of cash down to the tent and buy a one off license. Perhaps how this was done previously, perhaps not. The sensible and measured approach is to fix the issue at the government level so that future exploitation isn't held up unreasonably. I have seen nothing, nor heard anything from the company contrary to this.
MB made it abundantly clear that they wouldn't go in without land issues resolved, I don't know why there is this select groups of people than slander Mike and the board. It's pretty poor form and obviously designed to manipulate people into selling.
The frustrations and the process has been clearly defined and the outcome will be positive, but may take a longer time than you want. That's investing.
Comments about Mike and the board saying they are crooks and all the other comments are just from people that don't understand the process or are not happy with the timeline.
The 4 of you can get together and write a letter, I'm sure it will be great reading and you will all feel better about yourselves. Do you really honestly think the board will care, highly unlikey.
MB has clearly outlined the process and the reasons behind the situation and at face value this should be enough for all investors to have comfort in the very bright future of MATD
To clear up a few other misconceptions. Petro china can't get to our oil, so it's not going anywhere. There is still a billion dollar discovery sitting there , ready for us to access when the permits are issued. This is from one structure and not our company makers.
Secondly the board and the small team of staff are on very modest incomes from the company and have been extremely frugal with our money.
This is a patience game, if you don't have it you can sell your shares and move on. Bagging out the company achieves nothing when generally speaking most of the rubbish on hear has been debunked about 10 times in the last 12 months.
The access will be sorted. In reality, as weeks move by, the exploitation may not happen before the winter period this year. Its really not the end of the world, other than being frustrating in terms of timeline.
There is still 2 months in which the access could he sorted and the equipment and people required are mostly in country or at the border as at 3 weeks ago.
Everything will be worth the wait and it's exciting times to be a shareholder.
Looking forward to the next RNS or update to see what progress has been made
Hamm: Always when you don't know the answers - you shift into speculation mode.
As I've mentioned before, PM has made me more money than I invested - so I'm looking good. How about you?
Sorry to disappoint you.
Once MB announces the true problems here with the land permit and the real risk that MATD may be refused it permanently on environmental grounds this is going sub 1p, no activity possible now due to the weather for at least 6 months, when the rns drops revealing the truth Shareholders here could be wiped out
Hamm and badpig are just two idiots on here trying to manipulate the share price for quick trades or they are seriously been hurt by the CEO not responding to their emails
Ojay, I reckon you must be dead scared loosing all your money!
You may need to back to work if you find one.
In MATD we shouldn't have trusted.
Sold on Friday for 1.75p @15.08 for an amount of 56,500 shares (value: £988.75)
Was that you BadProphet?
Hamm: You may want to check your grammar.
And BTW: Speak for yourself, i.e. don't use the word "us" unless you can name the people you refer to specifically.
The only sell on Friday for 1.75p was @15.08 for an amount of 56,500 shares (value: £988.75).
It is sad to hear that guys have to sell with heavy lost. However, He might turn out to be luckier than us if we lost the lot!
Guys,
@Badprohopet - Which sale was yours on Friday then? How many shares? Didn't see any huge sales in there ....
No one is trying to bring this down. MBs incompetent has made us all poor and has had an affect on the SP.
We are all frustrated that this guy who is getting paid for doing absolutely nothing since 2019.
Unfortunately this situation reminds me of ATC. The CEO and the Co got the lot and ran away. They were the majority shareholders. Adam and Best. ATC left the uk market and considering the price of coal is 10 times more we get nothing but a package every year telling me of their success!
Hope I am wrong and we get lucky this time.
I'm OUT - sold on Friday at 1.75. 65% down but better than the total loss this will become. Couldn't take any more BS.
I bet some of you aren't even invested here and trying to drag the share price for a better trade, haven't seen anyone trash talk Thier own investment,
Anyways no one knows anything and we await the next update
Has anyone seen the clip where the woman (environmentalist) trying to get hold off the governor about Petro China and she gets thrown out from the office.
I recon the governor is on PC's pay books. Why would he not even speak to PM about the land access.
Surely he has to stay neutral and work out a solution and not avoid talking to MB.