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Completely agree terrier, keen for 3p to buy back in again.
I’m not sure they are going to see 3p, but they are working hard for it.
ID78 Correct, all the other rhetoric is just for traders to move in again.
Expect mid 4's by midweek.
GLE
Support is at 4.05 so let’s see where the SP finishes today….
I’m relaxed too, Fred, no RNS so whatever was reported on Friday is not a showstopper, it is not significant. They are legally obliged to communicate any such development.
The reason MATD has not started the workover yet - as has been communicated my MB - is the team contracted has a full order book and we are waiting our slot. This is the reason given by MB any other reason given on this board is just not correct.
Too difficult to sell now. No price. Not even for 1000 shares.
Looks like 3p sooner than later!
Think in this market/world situation peeps are more looking for reasons to sell than to buy hence todays drop.
I’m absolutely relaxed about this whole situation. There have very sadly been a small number of people out of fear of scare mongers have sold. Now there’s another opportunity to buy sub 4p . I’m sorry for those that have been scared and sold as I’m sure in the short term that will be a huge regret . Strong buy and await transformation. Good luck to the honest and true investor who holds MATD and indeed adds to their holding
Month 2 of Q2. A bit of a shake this morning. Investors losing faith and a lack of impetus? Waiting.....
Even if the noise regarding the Soum issue is not a strategic problem for Matad it is now information that is in the public domain, and on the face of it material.
I believe Matad should address the issue.
If they are engaging with local government and still having difficulties they maybe should ask for help.
Hamm dude you must be desperate to buy in, in May now so getting closer to the big RNS
Unfortunately whenever they keep quiet it means bad news. Good news always comes fast.
Now the probability is if we get to 2p or 3p?
all IMHO
Guys,
MATD has no local permit, please check RNS . It is there in black and white.
The reason that MATD hasn't started workover yet says it all.
Any descent company would have issued an RNS if all the noise in FB were just rumours/gossip.
MATD has been always cagey and never been level with PSh.
IMHO
Maybe everyone has left MATD and there is no one to put up an RNS
2 and a half months since the last operational update, we are overdue an update generally imo!
I note there seems to be a condescending attitude towards some posters keeping us updated of the developments with regards the facebook posting of local protest groups; I for one am grateful for any member who takes the time to both research and post information, even if I don't agree with their personal conclusions as to what it means for MATD.
I'm optimistic with MB reported as being in country that we can expect some news sometime this week,
ATB
Its all a row of beans. ATB
It usually means there is nothing to communicate
Very suprised to not see an RNS yet, surely this can't be anything too serious or they would have to have announced something
Maybe I should start a Facebook rumour with £2 by next week as I know what's going on and no one else yet knows it
Yep this is a load of bull sheee t, if there was any truth to it the in sure media would have had it covered by now, some one on facebook lol,
Too much misinformation being spread here on the back of just a Facebook account of "one" environmental activist and then a few people starting Negative Thread titles here.
Central Govt is the authority and Local Governors report back to The Central Govt. Permits been granted long time ago for Heron-1 after meetings with local communities after which Exploitation Licence was granted last year.
Block XX Exploitation Licence area covers lot more area than just Heron.
//Petro Matad Limited, together with its subsidiaries, explores for, develops, and produces oil in Mongolia. //
PRODUCES? - show me some!
If Spainish is correct and MB is in Mongolia then perhaps not that long. So until the next update GLA
I guess PM would have to wait to be served a formal notice of any annulment/revocation before it could put out an RNS?
The FB story only broke about 3pm UK time on Friday. Mongolia is 7 hours ahead of UK time.
There is a lot of misinformation being sprouted as "fact" based off Facebook translations with out context. This is a dangerous game.
Let's just wait for the next RNS which in my opinion will show that most of the below is not based in fact and a deal will be done to expedite the drill program and possibly / hopefully have a crack at Velocoraptor.
The company would be required to RNS any substantial issues, and they haven't, so they most likely don't exist apart from on the chat board.
Land use is a complicated issue but as Mike has stated it is being addressed at a government level to avoid any local/ district ambiguity so there is no hold ups when future ELs are issued.
You need to remember this is frontier exploration and production in a "young" country politically. There will be issues along the road which will be negotiated in gooth faith.
I cant wait for the next RNS and personally believe it will be a ripper.