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Horsers
Why does Mike Buck need to look for alternative plan ?
He already has a plan that has been communicated, only if people wait and let the company implement it and which is what they are doing.
Negotiations in parallel are for Block V and to agree a "Commercial framework" for oil payments etc for which there is a lot of time to have everything in place before mid 2022.
MATD about to have a meeting with the recently appointed Petrochina president in Mongolia.
Also confirmation of Heron oil to be benchmarked to Brent crude price.
fundraise for what?????
All true, but those "frustrated investors" are looking at the possibility of placing some cheaper extra ingredients into the oven if they can't get Heron producing this year, potentially requiring a discount fund-raise in the next 12 months for cashflow reasons.
Of the price holds here long enough then I will be topping up another £35k here, this is a sure bet for me the only thing some idiots here are scaremongering are over time lengths of this getting where it wants to get to which is pathetic, we have the oil we have the goods and we have a plan and we have the money so for me there's no stopping MATD just what month it gets done
I've been here a while. I'm sitting on a fair few. Never posted but thought I'd chip in.
What I've noticed:-
This MATD story is developing nicely. Better to be in than out. I'm an investor, not a trader. I believe in this project.
It takes time to develop an oil explorer in a third-world virgin territory into a producer. High risk and reward!
This country is new at this so it's slower RE governance and approvals/permits
Mongolia is all in - building a refinery, 50% MATD Share
The pandemic has slowed things and that is frustrating - access to drillers, etc.
Oil has been discovered and an exploitation licence has been secured - commercial quantities on the books
The market cap Vs the value of the already-discovered oil is silly. A huge upside is possible.
There are very big deposits anticipated in Blocks 20 and 5 and we are working to get drillers in and on it
The climate is a factor (Hot and cold) and this disrupts the activity on the ground
There is an experienced CEO and solid Board
Potential high volume low-cost extraction opportunity
The global market is heading for an oil shock due to Russia
A refinery is being built which needs oil and assists Mongolian self-sufficiency. Bid bad neighbours have been Mongolia's nemesis.
There are some frustrated investors who keep opening the oven and yelling that the cake is not ready.
The smart money is playing the long game. The longest part of that is well behind us. This thing will take -off.
Overall I think this is going to be stage 1 transformation for this Company and next year's stage 2.
Well done all long term holders. You will be rewarded.
Neil’s post was bang on the money in terms of conveying facts with no opinion / bias
I am sure the contractor must have a different crew for putting well to production .
While they are drilling for PC the testing crew and development crew can just put heron on production.
Surely PC won't need the testing crew form day one of drilling campaign
Hi Horsers
Are DQE a viable plan B? So that is maybe being considered?
I’d suggest any plan C would take time to negotiate and then get equipment and crew in country (at additional cost vs a crew already in country). There is also the issue of the price of oil going crazy and companies held back by COVID now haven’t full order books as the world opens up. Is plan C a viable option. Maybe, maybe not.
Time will tell if the faith (by some) lack of faith (by others) is right or wrong.
Honestly, Neil9327- his post yesterday was bang on the money for me.
MP
Engage your brain a bit before you write.
"What is Mike Buck going to do at Heron-1 right now ? Clear the grass and weeds around the well?"
No actively look for an alternative solution or contingency plan should the slot dates slip.
Instead putting his feet up in Italia with a nice glass of Chianti and some antipasti no doubt
Hamm
Engage your brain a bit before you write.
What is Mike Buck going to do at Heron-1 right now ? Clear the grass and weeds around the well?
MB lack of enthusiasm has no end! No slots as they are too busy, but they are ok for more exploration drilling.
Best option is just one oil well.
Yet it amazes me how he can be anywhere but at the field. Where would be his next destination? France, Spain,....!
Guys enjoy the day.
Couldn't agree more Master 82. Seems to me that MB is in his comfort zone when it comes to exploration and hence his enthusiasm for future exploration over production.
One thing at a time MB. He can't just sit around in the hope that a time slot can be found for contractors to complete necessaries for exploitation. He should be knocking on other doors for a quicker turnaround. If that is at a higher price so be it. When things are out of his control which they are at present then more needs to be done to find a quicker solution.
We waited 18monthe for exploitation licence which was out of our control. We are in danger of history repeating itself . More pro activity and urgency Mr Buck
One thing is clear that MB is just full of hot air and a complete incompetent.
Just when sp was climbing he opens his mouth and the RNS just doesn't give investors any confidence.
On Tuesday there were some good questions on zoom but non of them were answered. He got away very lightly .
The oil has been discovered
Money is there for development
Only thing stopping this is MBs management skills.
Why stick to 1 drilling company .
Been here 4 years what's another 2 years waiting here.
Iamrich……..FFS, pot calling kettle comes to mind!! You keep throwing your toys out of the cot like a spoiled brat the moment someone airs a negative view. You will nit survive long in this world with an attitude like that.
I will leave you in your fantasy world now as little point in reasoning with folk like you.
most of the energy companies are down today, it was not all just the interview... although agreed quite a full order book does not sound good.... market does not like uncertainty, I have personally topped up today - be greedy when others are fearful etc.... gl all matadors
Stop crying and be a man
Iamrich………..can you not accept everyone is entitled to their opinion on these boards….just because they may not have the same view as yourself is no reason to call them an idiot.
I am a LTH of MATD and still hold despite selling off a fair chunk a couple of weeks back as the last RNS did not fill me with joy and I also needed the money to top up my interest in SEE.
As my thoughts on touching 3p they are founded on the facts that our black gold is still firmly in the ground and till that changes my views will remain the same. I have bad my fingers burnt too many times by getting caught up in the euphoria on bulletin boards where everyone can only see positives through blinker vision.
Mister P why do you care about these dummies, there opinions go right through me, they are pathetic and I will never understand why are they invested in a company they put down, they say get rid of MB and replace him with who, at least MB knows the running of a difficult government Bureaucracy, I know when India when I visit and have to deal with village elders then county elders then there’s others always another hurdle, bottom line we will get oil out it’s just waiting game
Aspers
What is your definition of ramping ?
Someone who is positive and quotes text from RNS or NPV10 estimates and Broker valuations from public domain OR comparison to other Oil AIM stocks some of which seem way overvalued?
I do not give a t055 what you think of me. I am not going to get few unpleasant characters lose my focus.
At least i am invested here.
MATD currently at a discount price unbelievable opportunity right now, in a few months this will deffo be double digits as we have news in drill dates aswell as plan to sell our oil becoming a producer some point mid year, I reckon at least 400% to 800% anyone waiting to buy In lower good luck if you get it well done if you don't buy higher as when the train leaves it's gone
Aspers no one ribbing apart from derampers, anyone buying in if they hold will make money but the likes of you scaaam bags scare monger people out who sell at a loss them realise the mistakes when the share price goes up, you have no morals nor shame,
Aspers, you are not invested it's very obvious, you only shout about something non stop if you have an agenda and yours is deramping so you can buy in and hope people see through you and realise how good MATD is, normal people like me will just top up if an opertunity was to come at low prices and state on the day but you seem to be soiling your pants moaning non stop for this to come down,
Anyways I've seen karma work as I follow some idiots like you only to see them buy high certain shares else where and lose out on massive drops, good luck lol karma is real
Mister positive…….the only ones having a tantrum and chucking their toys out the cot are the likes of you that seem happy to endlessly ramp. You are all guilty of robbing folk of hard earned money by trying to entice them aboard here in an attempt to feather your own nest.
This will be 3p in jig time if we gave no positive news over the next week or so.
Wise up.
Same reaction to when RNS came out. Derampers were quick to spread misinformation and confusion to get their lower Buy in price. When it dropped, they still did not buy in.
Next 2 days price goes up +30% after investors decipher the RNS into the relevant parts as there are more than one set of Operational activity MATD currently working on. Then the same derampers start throwing their toys out of the pram having tantrums like a 3 year old.
People need to wise up. Lot more going on in the background and we heading for a much better deal with DQE.
Agree, Mike Buck needs to polish his communication skills and need to come across more energetic and enthusiastic. Even Steve Jobs of Apple Inc. Lacked communication skills and took lessons / classes to overcome that before mastering the skills of open audience presentations.
Mister positive………I am not obsessed with 3p as being a LTH I bought in much lower…..I just don’t like listening to rampers that convinced folk to buy in at +4p
Why buy above 3p when you know very soon you will be able to buy cheaper.
I will top up at 3p and 2.5p should we see that……on no positive news though I tend to think it will only be a matter of time till those levels are tested.