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Check the attached link on FB by Merit an NGO which shows that Sproule a leading Global Petroleum consulting and advisory firm delivered a 3 day virtual training course on Petroleum Management systems PRMS to the Mongolian Ministry of Mining and Heavy Industry and MRPAM which is the Mongolian Mineral Resources Authority of Mongolian - this took place between May 12th and 15th. These are the companies who will be providie the Exploitation Licence to Matad - as said before this will be why there is a delay - not of Mike Bucks doing at all - which people keep thinking - patience is needed - Mongolia are setting up new procedures are PM are the guniea pig
Fancy having Captain Sparrow in the trenches with you? The stuff of nightmares. Betrayals, deceit, broken promises, abuse, lack of loyalty, back-stabbing and white-anting. Along with an impossibly smug attitude and an air of self-importance. And on top of all that, no sense of humor. As you went over the top you'd look beside and behind in vain for the good Captain. He would have broken another promise and either skulked off to cause mischief in the next trench over, or would be yelling "You are all doomed" from the safety of the trench. Leave us in peace and go and join another company, Sparrow.
CS, You are probably correct, nothing may happens now until 2021..I hope we will have the License this year though. But as long as we get the License this yr or even early next year. We will more likely see SP above 5-6p once License is granted, producing Oil with 6 months, maybe less after License, we should see 8p plus? So I am happy to sit this out till then...
Since Thursday you’ve posted four times.You promised us you wouldn’t post until you are reinvested in PM.I dont believe you are!Most people on this board hate you with your moronic drivel.These are difficult times for everyone so please stop posting,it’s not your company.
Hi, Spainish glad to hear from you and thanks for the advice. Yes, we should do just that. But sheeps still remain sheeps which don't understand that they are not our goal. But their shepherds, who are playing the pipes and leading them to the slaughterhouse. And we are trying through our posts to influence these shepherds not to cut in the spring. But to feed and breed till the slaughter in late autumn. :-)) Take care yourself my friend and your loved ones in this difficult and strange time. Lets hope that by the end of the year the shepherds will be able to get at least a license. ATB
So you ramped it up when you were in and got newbie investors to buy in and then you ran it down AFTER (NO DOUBT) you sold for a profit and which probably resulted in newbies selling out at a loss when they saw sp dropping. AND THAT SITS WELL WITH YOU DOES IT?
Can't believe you've actually admitted it.
I for one sell out at a profit quietly but may, MAY advertise it but I never **** off the stock IVE JUST SOLD OUT OF. I have only done that where loyal investors have been clearly burnt by management and I'm still stuck in it (at the time) with everyone else - SXX for example. Even then I sold out at a loss and just left the board. No ones been mugged here I hasten to add.
C/S: Never heard anything positive from you concernng PM except when you were ramping it to smithereens at the time you considered it to be beneficial for your own purposes (e.g. in October last year after PM struck oil). You shouldn't be surprised that you've lost all credibility on this BB.
Fully appreciate your posts - expressing your views and insight. We need thoughtful posters here who contribute meaningfully. Those who just de-ramp and stir up trouble, are unwelcome - personally would prefer they stay away (one who shall not be named is not even a SH - just so-very-annoying and detrimental to our clause)
Petro Mated will do great things in 2021 and beyond - imho dyor
I wouldn’t disagree, it would be foolish to assume that the salary cut was solely an act of patriotism. Having the best interest of the company at heart, even for their own reasons, still means that we as investors will benefit. As for obtaining a license and ‘having something to raise money against and live to fight another day in 2021’… I welcome capital raising once we obtain the exploitation license, that too would most likely work to my benefit as an investor (depending on their proposed approach of course).
Ultimately, from my perspective, as long as they are doing anything within their capabilities to obtain the exploitation license, while they are protecting the interests of the company (which I believe they are) … The reason they are doing so becomes less relevant as the result/outcome will remain the same regardless.
One last thing, is anyone able to highlight an oil producer (or explorer) who is currently flourishing in the current market conditions? I haven’t come across any personally… I think MATD are holding their own quite well considering the current climate. All IMO of course…
Amidst the global pandemic and behaviors of the oil market, alongside items that are out of MATD’s control, the BOD has proven to be competent and dedicated to the cause IMO. Unfortunate as it is, in this case there isn’t anything different that I could imagine them doing to improve the situation.
I would be interested to see how many other AIM listed companies BOD have reduced their salaries by 50% in order to optimise costs and reduce the financial impact on the company. That alone communicates that they have the company’s interest at heart (for whatever reason) and speaks volume to me. Although I am not optimistic about the immediate future, I still believe the fundamentals here remain the same. The markets will recover, oil prices will follow and MATD will eventually have its moment. Until then, it’s a waiting game and I am holding onto my shares.
Finally, as far as I remember, its just a case of turning the on the taps at Heron 1 once we receive approval. Also, costs will be minimal to do so and finally, although drilling isn’t possible during the winter months, extracting oil still is (I’m sure someone here will keep me honest if I am mistaken) … Therefore, even if we cannot drill this year, a steady flow of oil to pay the bills and potentially accumulate a bit of excess change until next years drilling program is realistic, that is of course, if we are granted the exploitation license in the coming month(s). Either way, hope everyone is keeping well through these trying times and GLA!
I often pop my head in here just to look around. Every time I do I thank my lucky stars I listened to myself and not the constant ramblings of Ojay, Manro etc who were assuring all this was a sure thing. 2/3 years later and they are still at it although they have now turned on each other as they have ran out of believers, a very sad although quite amusing state of affairs.
I suggest that Manro helps putting the "highly qualified Russian oilers" (he repeatedly refers to) in charge. Maybe they can do better than MB. Case in point is: No PM-investor gives a d*mn who finds and pulls the oil out of the Mongolian ground - as long as its done.
CS, if you want to argue with me then you have to read my posts much more carefully. Yes, I called and will call barking dogs all of them who invested in company but constantly spread negativity here without any meaningful reason. What is concerning to my position it is not about the negativity but being objective and if needed critically evaluate what is happening to the company in order to help and not to gloat. Even today I am sure that there is big oil in Mongolia. And my confidence based not only on those multi-billion barrels of oil that are constantly mentioned in all booklets or presentations of the company (which for some reason you suddenly forgot). It is coming from POV some highly qualified Russian oilers whom I know personally. And, who also sure that such oil can be found by those only who are constantly and tirelessly looking for it and not sitting comfortably in offices parasitising on investor's money and rewarding themselves with various bonuses. Is my position clear to you now or not?