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Bad prophet,maybe when the share price was £1.40 but not at 1.8 pence
Ibiza already have - but he's on holiday this week. I have also contacted FTI Consulting who represent PM and also Arden Partners, one of PM's brokers to mentioned to them that the communication is appalling. I do know Arden were going to speak to Mike Buck.
Thinking back to correpondence with the British Ambassador in Mongolia. It seems he knows more about the situation than we do as regards what is going regarding the license. Seeing we are getting no information from MB maybe we should ask Our Man in Mongolia for a RNS on the state of play.
What's this guff about not being able to sell 10,000 shares? There have been many trades below that amount.
where have all today's comments gone don't they like what i said
I reduced my holding here still hold 400k, could not sell in bigger than 100k chunks, moved into prem, took hit on these thinking like most no drilling news will kill the SP here imo..
I honestly think Aim need to look at how these CEOs are paid etc and there needs to b a system in place to ensure CEOs are not getting paid the max contracted amount if they reach milestones and they are achieving profits then they deserve the contracted remuneration David budd for example GDR 400k I hold others similarly waiting on news ceo drawing max salary sat back chilaxing
GLA hoping for a miracle here
Hamm ,not surprising you can’t sell 10000 shares.What broker could be bothered with such a pifling amount.Pathetic! On a more serious note I am getting really fed up with this company.Everytime we seem to be on the cusp of getting going we get kicked in the you know what’s.I do think that MB is wanting PM to succeed,with 8million shares why wouldn’t he?We live in Hope.
I'm a small investor in Petro Matad, took up some shares in the 3.5p raise and it's even smaller now.
I check in here barely on a monthly basis but looking from afar, I agree MB as a CEO should keep in better contact with investors. They've had contact with the embassy to tell them of the problems, so why not let investors know there are indeed problems and they have sought assistance from the embassy? Sure, the SP might have taken a hit, but look at it right now!
A question on the finances of the company... presumably cash burn is very small? Other than the salaries, of course! So how long can MATD keep the lights on for while this situation is (hopefully) resolved?
Agree MB should not be taking a single penny in salary he should be deferring it or taking his salary as shares while the company is dormant, he needs holding to account for simply taking a huge salary, whilst delivering nothing, in fact I encourage all shareholders to email him and ask why he is not taking his salary in shares
I hate to say it, as i, heavily invested here and i officially holding a 75 / 80% loss. I got shafted on the placing, and shafted with the market massacre, but honestly can i blame the lack of market confidence......No.
Lets look at some facts of poor leadership decision making and cheap excuses.
> Covid has made things slower (Accept this for the period of lockdown, but no advancement before or after the pandemic)
> Land Permit Rights - Massively didn't do their homework, to understand than in a primitive country, local village chiefs have final say. And they say NO DRILL, FA has been done to appease this. Coffee chit chat with table talk to amend the outdated political landscape goes NOWHERE.
> Capital raise to pay expenses and salaries of skeleton company, this has been going on for years now!
> Any advancemnts on additonal; discoveries in different proviences that that they pre negiotionat land permits in the event of discovering oil??? NO
> Any advancement on Velociitorrapter site?? No
> A teaming agreement with PetroChina to heavy hand the progression on Heron...No
> Winter after winter of doing nothing but HOPING for a change in granting the right to drill......
The truths are india has financed a 1 Billion refinery due to be complete in 2024, and NOTHING is going to happen in the country until this is complete.
MB lives a very wealthy and healthy lifestyle in Singapore with little to no tax and is proven to be a microphone monkey, puppet by the owners and they are bleeding British investors for millions.
I hope by some miracle it turns around, but i have pretty much shelved this investment and expect no progress until 2025, where il be lucky to possible get back 50% after the inevitable multiple dilutions and cash raises happening next year.
GLA - Lesson learnt - stay the F away from ANYTHING MB is involved with.
I've got to admit, I was telling myself that I would be buying more if this went sub 2p but after it did, I wasn't convinced that it wasn't going lower.
Why would anyone in the right mind buy now when very shortly there will be an rns to state no drilling for at least 6 months and the price will tank…. Only a fool would buy at this level when in a few weeks time it will imo be closer to 1p
It’s time to buy some more …Nearly did it a week or two ago and I’m glad I didn’t. But I’m getting ready to go back for some more…
Covid restrictions were all limp excuses by the so called CEO MB!
There is NO LP.
There has never been MG support!
MB is off in la la land.
Rampers if you were really believed MATD will come good soon You would start buying in millions!
I can't even sell 10000 shares says it all.
Enjoy the fall,
Hamm your questions have been answered about 50 times but you don't listen or read. It's boring, please just scroll down. The answers you seek are clearly provided
You will be found out soon enough but in the mean time me and other smart investors are accumulating a very nice position so thanks for your help.
Best wishes
Ost
This is getting bloody frustrating now... Over 2 years of Chinese covid B O ll ok s blocking just about everything... permits, local tribal authorities p i $$ ing about and the SP dwindling.....
You rampers/ paid posters/ idiots have failed to answer any questions made!
Risk v reward!
Wake up . Your dreaming.
PM has strong support from all authorities and shareholders but has managed Jack all inn the past 3 years.
We can listen to the whingers on here and they may have some points regarding updates.
But the hard investment case is better reviewed without all the hysteria some of the posters here indulge in.
Petro Matad already have the oil AND the funds in place.
The price drop probably has more to do with the expectation of drilling next year with the drilling season coming to an end.
But the next major price catalyst WONT be the commencement of the Heron1 workover but the Special Purpose Certification signed off by the relevant ministries.
That's expected at any time and will probably leave a lot of people waiting for workover recommencenent stuck outside the investment as the price runs away.
The workover delay is pretty much priced in with the share price bouncing off support and at levels seen WITHOUT the EL or oil discovery.
The hysterics brigade sitting here day in & day out know that already and are ready primed to take their positions no doubt. Others would have missed out based on their hysteric posting.
As always look at the hard investment case.
With Petro Matad having solid support from its main shareholder Petrovis, High level Govt / Ministery support, an Existent asset, a Billion dollar refinery being built and all within an economic environment that desperately needs Petro Matad to produce and sell the oil.
Then again we can always listen to the Hamm & Manro happy hour on the hour commentary.
They obviously have everyone's best interests at heart ;)
The investment case at these prices is a glaring one and based on the hard analysis mentioned.
Make your own decisions as it means nowtgoing forward to us comfortably holding and expecting the next RNS very shortly.
I wonder if you made an effort to write to BE, MATD, etc or not?
I wish you could/would support your argument!
Rewards V Risk again!
Tell us what happened to equipment?
Why MATD staff raised their salaries?
Where has MB been in the last 3 years? Where is he now?
Why MATD/MB hasn't been present in any Mongolian oil/mining fair?
Where is all the rubbish support MB has been talking about?
What happened to all advanced talks mrceo has been bluffing for years?
Who has been the blue chip fat investors?
Where have been the so called locals when MATD spending millions digging the ground looking for oil?
Where did oit of blue come these so called environmentalist?
Etc etc....
Any descent CEO would have reacted to all rumours/ uncertainty/ share crash by now says it all!
Now telling us sweet dream and bright future.
I agree. Matd’s handling of the current decline in the share price has been sh*t. Absolutely no doubt about it, but the decline is also down to the worst scenario theories promulgated on this board by so called investors in this company.
I have mentioned before that this company was formed by their parent Petrovis who by all accounts and by their own admission are the largest oil distributor in Mongolia with 27% of the share. They have over 400, what we refer to as petrol stations in Mongolia. They are a successful company and despite the problems that are currently dominating Petro Matad and their situation going forward, there is no way that Petrovis are going to allow their baby to just wither and die.
I applaud the efforts of shareholders here doing what they can to influence the British ambassador to step in and highlight the issues facing Matd, but ultimately and most definitely, local access will be granted as Mongolia have taken a billion dollar loan to build their first refinery, which will remain redundant unless it has oil to refine.
Once again it is a waiting game. We are now not too far from the share price when Shell withdrew from the Joint Venture, when we had no oil.
By the way, what an awesome price to buy in at now. Local access will be granted at some point and there is no way Petrovis will let us wither and die, unless you believe that they can’t support their investment in Matd when they should be making record profits in this current bullish oil market.
Totally concur,
I’m exactly 50% down and shocked at how poorly he has handled the situation it beggars belief really,
If anything be man enough to relay what is happening and update shareholders
What is happening with the equipment which was on route
What is happening with LP
What is happening with locals
What is happening with the government
These are all factors which by now he should have some material update
GLA
seems we are there now at the point where we need luck to get us of this …as ceo seems incapable for whatever reasons
From what I gathered we should have enough to see us through till spring next year from the last raise.
Hopefully … a LP will have been granted by then.
GLA
Dear iamrich
Grow up… !!
It’s not “de-ramping” …
It’s called having a genuine opinion and concern.
No doubt the next rNS will be a placing!