We would love to hear your thoughts about our site and services, please take our survey 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.
I'm interested to see how this will go now people have given up and started jumping out, whether we'll see a wave of people getting in at the low prices to hold into next year?
As you rightly point out Mongolia has major problems with corruption. I doubt however that it is the government behind the lack of progress. It is however conceivable that there could be powerful forces at play trying to get in on the action (now we are on the cusp of exploiting the oil) or to enhance their share of the take. This could well involve interests within the company, including Petrovis shareholders or even individual powerful politicians. This is not an uncommon occurrence within Mongolia. It is very easy to undermine progress, whip up opposition or delay permissions until such times as demands are met. If indeed delays are due to such causes there are remedies available and it is incumbent upon Mike Buck to utilise them. Not to do so not only leaves this AIM listed company and its officers liable to regulatory action but is highly likely to undermine the company as a whole and importantly the value to the shareholders.
?................Not zzzzzzzzzzzz wake me up when someone has something inyetesting to say . Guys
You're really trying to insult my writing ability, when yours is utterly atrocious, thats hilarious. And resorting to insults is a sure sign that you camt back up your argument.
Also the idea that im a ramper is laughable. I have only posted about 40 times, and my posts consist of me stating how i trade and my position, i dont make predictions like you.
But nice try ;)
Again another ramper with bad language/ literature!
I believe in MATD but don't trust the bodrs and MB.
MB isn't capable of delivering. Unfortunately the likes of you either don't have any shares or just day traders, and as you said you don't care! but I am sure you aren't paid poster, you are not bright enough! A bit of dummy fair to say.
Good luck with your day trading, nothing wrong with that.
Have a lovely afternoon guys,
I'm trying to stay optimistic but each passing day is not only knocking my confidence but also fellow shareholders too now. It's not that I want Comms every month but a little more than what we get wouldn't go amiss, I to have also thought that the gov maybe trying to grind the company down and as it is it is working, I really hope not but Mongolia is a very corrupt country which reports say they are trying to eradicate it but why is it just PM are having all these issues.
Ha what a stupid response. I don't care if this year or next, as im a lth and have full confidence that that will come good. If next year, then im happy to take the opportunity to top up at lower rates, as im confident in a nice return.
Unfortunately, derampers like yourself, are only interested in what they are paid to say, so i guess i cant blame you, when you are just doing what you're paid to do ;)
Keep buying! As you said you don't care, Says it all!
Early Q2, middle Q2, end of Q2 early half year and now you guys don't care! You never care anyway. This year, next year but perhaps one year it might happen it might not, but you don't care! Oh dear.
I wonder if you have any shares at all.
But never mind, you can get as many shares as you wish.
It is a shame.
Guys,
Rampers and derampers (such as yourself) are all the same, you constantly get annoyed at the other side for posting, then complain when they dont post....
Risk v reward still hasnt changed, only thing thats changed is time frame. Ive said it before, but for me i dont care if its this year or next, im confident the oil will be extracted, and until then, ill top up some more at lower sp, ans just have a bigger profit when it eventually pays off
The Sp hasn't been down this low since the dusters in 2018 . I can't see the market trusting MB with his full on crap he talks.
He said he will be knocking on big boys door once discovery is made.
Nothing happened
He talks the talk but has no clue. Just watch some old interviews and you will realise this man I full of crap. Not a someone who can deliver.
Amazingly all the rampers the like of FA, Mr positive etc disappeared.
What happened to all risks V rewards analysis?.strange, sad.
MB/ MATD should be ashamed of themselves. All our hard money is wasted!
We certainly need a miracle.
Time will tell.
Guys,
I am a heavily invested LTH (over 6 years) and read the share chat everyday. This is my first post for a long time and I have gone from being patient and optimistic with this investment. But now I am beginning to get seriously worried that all might be lost. What if Mongolian government is grinding PM into the ground so they can extract the oil them selves at a later date.
Going from bad to worse! MB needs to come clean about whats going on. The delays were baked into the price before the results came out. Something is going on in Mongolia and Mike Buck is choosing not to inform shareholders.
If MB gets his fingers out of his back side you could more than double your money from here.
Tempted but need some clear confirmation on what's going on with the land access
Don't keep looking at new in Mongolia. It's pointless. I used to think it I'll effect SP here but nothing will change.
PM management has altogether disappeared and wasted another year doing jack. And getting 2.5 mill in wages
It's been a total clusterf&ck.
12 months on from EL and here we are with jack **** going on. Looking forward to 6p ( if we ever get there again )and I'm out with my shirt and a bit of profit. Will just have to continue to ride it out but i have the time fortunately.
Expect heavy placing next year if Heron 1 doesn't start this year!
1p next placing if not less!
Sad and bitter!
Have a lovely day guys,
yes jimi - some of those predicting PM oil revenues (IF we ever get any) at $100+ per barrel seem to have conveniently forgotten that GoM might like to have a share of that!
While we wait for the new revised laws. 1.6 Fees, expenses and product sharing
The Petroleum Law sets out the different fees for petroleum exploration and extraction. These include:
Licence fee
Exploration licence:
• US$ 3 per square kilometre for initial term; and
• US$ 8 per square kilometre for any extension period
Extraction licence:
• US$ 100 per square kilometre for initial term; and
• US$ 200 per square kilometre for any extension period
• both fees payable annually;
• fines if fees not paid on time
Royalty fee
Oil and gas:
• 5 - 15 percent of extracted crude oil and gas
Unconventional oil:
• 5 – 10 percent [of extracted unconventional oil]2
Recovery cost and cost oil
• the recovery cost will be the cost oil in the amount approved by the state audit and
agreed under the production sharing agreement;
• the cost oil will be up to 40 per cent of the total oil after deducting the oil used to pay
the royalty fee; and
• the applicable amount of cost oil for unconventional oil will be determined by a specific
regulation
Product Sharing
• profit oil will be shared in accordance with the terms of the production sharing
agreement, this from the 2014 revised Mongolian petroleum law. May explain a little of where some of our money has gone that and there wages. GLA.
Given the progress made by a number of others this year I truly believe there is more than meets the eye to MATD’s failure to secure a rig and deliver as expected. If this is indeed the case then the company are obliged to inform the market. Not to do so may render them, including company officers, liable to regulatory action. There is certainly a case for increased scrutiny of the alleged reasons for lack of progress this year.
I think we need account of where the money is gone. Its not as if Matd is employing 100 people.
So far they spent 5.3mill on nothing since 2020 to 2021.
I remember they had enough money to drill another well in 2019 and then all of a sudden no money and had to borrow from petrovis .
Check the interviews from 2018 2019
They should be fully funded as far as my understanding goes. If they're not, then MB has some serious explaining to do regarding what those funds have all been spent on since the last raise.
Hi guys,,it’s my understanding that matad is fully funded for the next 2 drills and has a lot of excess cash leftover. Is that correct or am I wrong? Why are people talking about another raise?
I'm earning my money I like the job just possible it could take me a few years to sort it, all aim the same virtually should keep the money in our pockets to waste.