Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
They dont seem to be rushing to give any updates as per usual, I'd like to think that's because they aren't worried as things are going well on their side?
How do you guys feel, frustrated?
Don't think MB is "under water" by any stretch of the imagination.
Even if 50% Covid Salary cut still pertains !!
Working from home ?
Hope Oil & Gas demand in China & South-East Asia picks up soon.
Plenty of Cheap Putin production getting pumped down the pipelines. Even Saudi Arabia is buying the toxic product for its power stations.
While rest of world buys Their Oil !!
https://www.businessinsider.in/stock-market/news/saudi-arabia-more-than-doubled-russian-oil-imports-in-the-second-quarter-freeing-up-their-own-crude-for-export/articleshow/92905196.cms
GLA here - Oilf.
badprophet, it must have been own dream of this insect which now crawled back under its rock.
ostraliamate 12 April 2022 -
"I will give you 10p a share for all your holdings if you just close your account and crawl back under your rock."
I think some twit was offering 10p per share to anyone who wanted to sell up - I wonder if that's still on the table?
Hamm your post is excellent.
But I doubt that any of those to whom you addressed it are able to understand and accept your truth. Because they are just the kind of idiots who always cowardly refuse to face the truth and admit it or extremely naive. For only idiots after almost 5 years since the appointment of such a high-caliber liar and fraudster as MB could not notice that from the very beginning he started to hide the true state of company's affairs and mislead investors. Or that he did all this on his own and without the consent of Petrovis. In fact, this is one a single gang, which owning only 20% of the total authorized capital but controls the entire situation and pursue their own fraudulent goals. And ordinary investors, although they own 80% of the authorized capital practically deprived of any rights to control this gang. This is the reality in which we are forced to be today. But there are lot of idiots who, with surprising ease perceive such a reality as a theory, or rather a conspiracy theory. Apparently, only when they, like cattle, are finally driven into a stall and their only purpose will be the serving of their masters, they probably will begin to distinguish practice from theory.
I reckon you had too much drink last night!
All swearing!
BODs/ MB have benefited for years. Good salaries for not doing much.
lets say MB and the Co invested their 'own ' hard working income into MATD and they are under water like the rest!
It means they can't even look after their own investment let alone others!
D1 you said MB knows what we private shareholders don't know! Why? Why they have been cagey?
Why haven't told us about LP?
Why they haven't managed to sort out the problems on the last 3 years or so?
Who the so called fat bluechip guys? What is the terms and conditions of their deal?
Why other companies in Mongolia could manage to operation but MATD?
Why you guys keep saying it doesn't matter this year or next year?
Time is money!
Tell us whyMB has been playing hide and seak ?
Now keep swearing!
The only reason it hasn't drop to 1p yet is some guys still think MATD may be able to make H1 operational this year which I doubt it!
Guys, enjoy this beautiful sunny cool day,
Regarding my last post. What I am trying to say in plain language is that ……
The only c#nts that know what is going on is the c#nts running our company and they know feck8ng everything, right? So why aren’t they selling?
I’ll tell you. It’s because they know that at some point in the future, COVID, environmental and local govt barriers are going to be surmounted and then the beast will be unleashed.
We’ve got multiple millions of barrels of oil. Stop being feckin spoilt children and accept that not everything happens yesterday. We will produce oil soon and then you’ll all be glad you can say you were there during the ****ty times .
The ones that know, know, you know.
Here’s the way I see it. COVID has fecked us big time and I mean BIG time.
We have a parent company Petrovis who have invested tens of millions in the project Petro Matad, They have previously dismissed incompetent chief executive officers, Doug McCrae and Ridvan Karpuz.
Mike Buck has came in as CEO and invested a substantial amount of his own money in buying shares in Matd. His current average share price is 3.5p.
Whatever you may think of Mike Buck, he, like everyone else here is invested and wants the very best for this company as his investment needs to realise profit before he sells.
He is currently under water like most of us and every one of us would love to be in his position and know absolutely everything about this company. Then we would be in a position to make informed judgement calls regarding our investment.
We are not the CEO of Petro Matad and none of us ever will be so we have to use logic and realise that if our CEO was not confident of the investment potential here and our parent company was not confident of our investment potential here then neither would have participated in last year’s placing.
There are reasons why we are not producing oil yet and it is obviously out with the company’s hands but it will be resolved at some point and at some point our faith will be rewarded.
I’ve been here 7 years, I can wait a little longer.
Conspiracy theories are 99% bull****. Look at the bigger picture.
Continue your Trust to Matad, Ojay. This is what you can make yourself happy with.
As for your personal opinion and comments addressed to me, they are showing your complete idiocy. As, only an idiot can waste time and respond to comments that he considers useless. And I'm taking them quietly because it would be much worse and even insulting if such an idiot as you suddenly began to praise me.
I could have dug a hole with a shovel by now instead of a rig gods sake
Manro.
As conspiracy theories go there may be several. Every investor presently feels let down and cheated.
Cheated that we always knew there would be no action this year but have been strung along as usual with the fundamentals of the project.
The accountability of Matad towards its shareholders is shocking. Some of the worst I have seen in the last decade.
Still awaiting the DQE update ?? Still trying to understand what our blue chip shareholders think and of course when we will have a production strategy in place that begins to deliver cash flow.
All this occurring of course whilst three ASX listed companies make huge strides in Mongolia.
Why ?? An honest RNS would bring some credibility back to what has been another shocking year.
Oh Manro you poor old sod. Thx to your post @15.26 you lost any credibility you may have had left. Don't bother posting any more - it's just embarrassing (to say the least).
Also found this, https://www.geoexpro.com/articles/2022/01/upstream-projects-for-the-global-transition
Latitude 47,252014 longitude 117,323067 Tamsag area best I can do hope it helps. GLA
D1nger, I have very good knowledge what I am writing about and your completely illiterate response just amazed me. And even aroused suspicion, and whether you are one of those trolls who seem to write objective posts, but in fact pursue their own goals. And they appear exactly when it is needed and try to refute even the irrefutable. If you are not a troll, but a thinking investor, which for some reason I imagined you, then don’t you understand that there is not and cannot be a single listed company on the market without a founder who would not spend his capital on this? Without exception, all companies are placed on the investment market only with the help of initial investments. And sometimes in disproportionately larger sizes than Petrovis did.
And now the simplest question for you: do you think that all founders of such companies are honest and thinking how to promote and development them in honest and proper way? And there are not the swindlers or even outright criminals founders who are aiming to rob investors?
How about checking on google maps we need the exact co ordinates of the site ?
I have some pictures taken a while ago and all there was then was just the we'll head surrounded by Harris fencing. You might try if you go to Facebook and look up Jaran.MN maybe that will help if it's updated the page. GLA
0 to 10%
But we knew the risks. I'll just ride it owt and see if something happens next year
As I said before I don't think PM will sell any oil this year - and I'm beginning to feel doubtful about next year too!
Does anyone know what is the site situation where P.M. found the oil in 2019 ? are there people working there in readiness for extraction or is it just a deserted piece of real estate.
Manro, your last post makes me question if you have any knowledge whatsoever about Petrovis and Petro Matad and the fact that two other people recommended your post suggests that you are not the only one.
You wrote “ Petrovis is a prime structure which has created PM aiming as its main goal - to rob international investors“. and “ Specially when investors' money is flowing in their pocket freely and without any of their own efforts”.
For what it’s worth and disregarding previous investment by Petrovis, do you know that they invested $2.1 million in the placing last year? That is hardly the hallmark of a company lining their own pockets.
I do agree that timescales are not being met and the lack of communication leaves a lot to be desired but the fundamentals remain. We have an awful lot of oil to extract.
Have a good one.
With Oil extraction likelhood this year ? Hope i'm wrong as been here a long time and patiently waiting, but it's starting to really p**s me off.
0-20%. I'm here :((((
21-40%
41-60%
61-80%
81-100%
Dozzawba, have a look on today's situation in whole. Doing so you wii come to prime conclusion that the Petrovis is a prime structure which has created PM aiming as its main goal - to rob international investors. This is why they have hired such a crook as MB and began to advertise him in every possible way as a highly-calibered oilman. And as long as they can do it getting the oil will not be in any of their priority. Besides, getting more oil can make the price of petrol they are selling much cheeper. So, do they have any needs to be in hurry? Specially when investors' money is flowing in their pocket freely and without any of their own efforts.
You can't blame people for being negative can you? Everyone is entitled to theirs opinion right? Or are we in a Communists state?