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I think we need an RNS with significant news pronto. If there is no news to give then I have a bad feeling that PIs may well get stiffed (again).
Manro, give it a rest mate.
Honestly, it's bordering on slanderous .
Please sell you 500 shares and go invest elsewhere. This is a risk reward play. If you don't want in then you are welcome to sell and move on to greener pastures.
I have every confidence in Mike and his team to deliver a very good outcome for the shareholders and if good news takes a few more weeks then so be it. He has outlined the timeline very clearly and is still on that schedule.
We will produce oil this year from at least one, possibly 6 wells and the share price will be a lot.higher than 4p.
Keep positive and buy the drops. It's going to be an amazing journey from explorer to producer and Mike will deliver what he said he will, as he has done all along.
Cheers
I'm sure we were all expecting PM to be doing the work over by now..
Sorry.... But have I missed something here !!!
Every time I login to this B.B to have a read of what's going on with M.A.T.D ..all I read is moaning and complaining about the Company...its price is up over 30% in the past 8 months, there is no "BAD NEWS" THERE IS IN FACT "NO NEWS"
We are investing in a startup exploration Company ( not B.P or Shell) .
When you invest in the A.I.M you should expect at worst to loose all your investment and I am sure all on this B.B must know this....
So why are there posts attacking M.A.T.D ...IF YOU ARE HONESTLY INVESTED IN M.A.T.D? then you must have known the very.. very.. very high risk investment that YOU entered into.
Nobody made anybody invest in this company and if you cannot handle the ups and downs of this share then maybe you should invest in B.P or Shell.
Hi Manro,
In answer to your question, I’m afraid I cannot get involved.
I knew the risks in investing in Matd, and I still believe in Mike and this company, I occasionally vent my frustration like many others, but I’m here now for the long haul.
I’ve Accumulated 4.2M shares now, and keep adding!
I’ve had my chances to sell up and leave, but I want to see it through.
You was always so positive in the earlier days, I know a lot has happened to change that, but it would be great if you was back on board.
Hopefully Matd will come good soon with that RNS we are all awaiting on.
If we are in this same position next year, I will hold my hands up and say you was right.
Good luck Manro
Hamm, badprophet, Horsers, master82, Jimi, Donkee and all other honest and critical investors - isn't time for all of us to accept that this company was most likely created for a scam. And that is exactly what was doing every leadership composition. Including the last one lead by this chatter-box who was hailed as a high-caliber in order to save the company's reputation, avoid bankruptcy and continue to rob gullible investors. And who constantly feeds us tales of the company's bright future, while he himself is chic with our money right now and today.
And if so, wouldn't it be better for us not to fight with windmills here but arrange a meeting somewhere in London and discuss what we could do and not only put an end to this robbery, but demand compensation for our losses if no drill this year too? Who is agree please respond and make an offer.
Master: You may be letting your nerves read a negative into the situation, keep in mind there was a lot of stuff on the table in terms of the DQE deal: geo-technical input, drilling, stimulation, and completion services, production operations and oil export. . also potential payment (or partial payment in oil). No doubt block V would need to be discussed a well... such a deal would take time to negotiate and then review the written T&Cs... probably some back and forth and lawyers reviews needed...
I can't believe these advanced negotiations have been going on for months and we still are not any wiser..
MB needs to let thearjet know.qhats going on because it's not looking brilliant at the moment with no sign of any development
... or even a photo of some tumbleweed :/
Thanks guys for your response, trying to find info on an important part of the jigsaw and Mongolia drives me nuts..
Even listened to Mike Bucks presentation again, and he suggests it will be ready in 2024.
Waiting for news and being patient is not my thing, once we have news on JV and operations the happier I will be.
Most of us here, have waited years.
Just wished they could be more pro active, hardly ever see anything on twitter now?
A picture of a velociraptor will do!
GLA
Seems like they keep moving the goal posts year on year. GLA
2025.
See below.
https://www.linkedin.com/posts/khulan-ganbat-59604b50_mongolias-first-ever-oil-refinery-to-be-activity-6924526841063989248-eEUw?utm_source=linkedin_share&utm_medium=ios_app
Note comments from Marc.
Sorry big fingers.
I meant
I read an article recently saying refinery will be finished at the end of 2022
Sorry big fingers.
I meant
I read an article recently saying refinery will be finished at the end of 2022
I'm sure u read an article that ot will be ready end of 2022
I thought it was 2024 but wouldn't be surprised if it's later.
Does anyone have an update on the completion of the refinery?
All I can come up with is this..
https://www.mongoliaweekly.org/amp/india-pressures-mongolia-to-complete-oil-pipeline-on-time
We need to get these other wells drilled so they have feed stock.
The way things are going, the refinery will be completed before we can supply it!!!
GLA
Hi Gold Mine.
It may be in a different part of Mongolia but the challenges would be the same. My point is it’s how you manage the challenges.
If successful the result is your social license to operate is not affected.
Bowley... The project you linked too looks to be in a completely different part of Mongolia, almost the southern most part?
https://i0.wp.com/tmkenergy.com.au/wp-content/uploads/2022/02/Fig.1_General-Location-Plan_Feb_2022_Gurvantes-XXXV.jpg?resize=1536%2C1040&ssl=1
Different location, different industry, different governor + local council, and different set of problems...
Can I suggest this is what we should expect and should be receiving from our management team.
https://tmkenergy.com.au/wp-content/uploads/2022/05/02515623.pdf
These guys certainly seem to have their house in order.
If only their older and supposedly wiser cousin, Matad were as engaging.
I expect any RNS from MATD to be a nasty surprise as always.
CEO has been on holiday for the last 3 years!
No local permit yet!
No schedule of work yet!
Always cagey!
Nasty Bergen deal!
Nasty placing!
What else do you expect from them?
Always talk talk.
Guys,
Jimi
I found your research both factual and helpful.
Many will not understand the importance of how licenses are granted, the stakeholders you have to satisfy and the continued engagement required.
With the drilling season beginning late March one may of hoped Matad were fully engaged the beginning of January this year to ensure what is a fluid process remains well managed. They may well of done this and all may be fine. However the timing of last weeks events suggest otherwise.
What I find slightly disconcerting is our ASX cousins are already into their drilling programs this year without local protestors or ESG problems.
Let’s hope Matad post a positive RNS in the next few days.
Finished at 4.10p.
No RNS and 4.05p support held so a storm in a teacup?
Hopefully we get an operational update soon. GLA
Would appear that I've upset the governors, all the posts barring two or three have been removed, can't have fit in with the technical and analytical scope, oh well back to work. GLA
I don't know why people are selling at this crucial stage.
We only share information on here good or bad to keep everyone in the loop.
MATD Has had land issue since 2019 but still the share price went to 9p last year with no funding.
We have funding and drilling season weeks or months away. Price is holding well .
Little more patients and pressure on the management and this should be a winner.
Imagine 1 well producing 15-20mill a year where will the SP be..
Also I can't see the government letting Matd down. They want more exploration companies to come and make them money.
If they let matd down no one will ever be investing in Mongolia.
All metal and energy prices at all time high and Mongolia has the biggest consumer next door.
The Environmentalists can moan all they want but they are not going to drive away a multimillion dollar companies from Mongolia and hurt the Mongolian government.
Some of us have been here for years and this is the time to hold and gain the fruits of our patients within these few months.