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aspers,
these idiots don't even understand that any such holdings are easily pulling out by the management directly of the pockets of the LTH.
Why MB did not involved in the tourism but oil industry. There he could have a brilliant opportunity to become an excellent tour guide. After all, with such an ability to chat, everyone would admire him and listen with great attention. And he himself, as an ordinary employee of the company, would be happy from traveling. And not being a miserable CEO who is forced to pretend being busy by stormy activities or constantly tell fairy tales that PM will soon become as successful as well-known Middle Eastern oil giants. Therefore if there are serious people are sitting in Petrovis they should either force him to work or fire . The 3-rd option is to help him get a job as a guide. Lol
Regarding renewable that is a fair point if that is the case. However I reckon MATD and petrochina have conflict of interests.
Best MATD needs to bring other contractors on board.
Lovely rainy day guys.
Hamm
He has to also talk green it’s simply political world is trying to ween off fossils we are about to dig more out so it’s to provide a long term business plan imo to say to investors that yes we are going to make money now but we are also looking at renewables also.
It’s future proofing peoples investment if they did not have that in their plan it would be a scary investment as the whole world needs to cut down on carbon emissions which as we all can see is proving rather difficult with the Ukraine fall out .
Also just to see liquidity of shares tried a 10k buy yesterday offered me 3.3 today tried same NT to buy a £9k deal was offered at 3.6 so I firmly believe if a RNS drops will be difficult to get volume
GLA
MB doesn't even know how to pump his company. He is dull and is always going on about how he would love to do this and do that.
Think about it. When MATD discovered oil they straight away knew they need to raise money. why not do it when price was high before getting the exploration licence.
Any one with slight business mind would think well ahead instead of plan as you go.
2021 would not have been wasted. Atleast heron 1 would be up and running..
Totally agree hamm.
Why dream about exploration and renewable when you can't complete a simple task of getting a rig.
Simple business is spend the right money to make money.
Not look for discounts and waste time.
10mill is lot of money if the well is costing less than 2 mill.
I think MB needs to smell the coffee and wake up.
Try and walk before running.
% up/down doesn't matter. The fundamental problem is still there!
MATD/MB Needs to find other contractors before it is too late.
MB needs to stop talking about renewable nonsense.
MB needs to focus on getting the oil out asap.
Heron1,2,3,4,5 should be the only priority this year/next year.
MATD shouldn't go for delayed/discount explanation deals.
MATD may fast be in debt if starts exploration using the money in the bank before Heron1,2,3... production.
Have a lovely day guys.
Besides MATD other companies have got rigs and work programmes ready to go.
MATD has just been chasing a company that has other interest across the boundary so why would they give MATD priority.
I think MB has messed up by not looking elsewhere.
It's got nothing to do with getting crew.Mongolia has open the borders.
MATD just has relaxed management who haven't worked since 2019..
Let's hope they feel guilty and start doing some work.
Thx Starbuck!
"Significantly undervalued" - I like that!
Just asking WHY ???
https://themarketherald.com.au/tmk-energy-asxtmk-begins-maiden-drill-program-in-mongolia-2022-03-16/
https://www.marketscreener.com/quote/stock/JADE-GAS-HOLDINGS-LIMITED-41282959/news/Jade-Gas-Outstanding-gas-composition-at-Jade-s-TTCBM-Project-39760169/
Seems others are active, have rigs procured, have management in country, and have their s--t together ??
Different types of projects agree, but not so different when you apply some logic.
I have not posted for a few days as this forum has nosedived into hysteria of late. I share everyones frustrations that the black stuff is still in the ground. From the interview last weeks I was relieved that the Matd board were putting pressure on Mike 'snail' Buck getting Heron 1 online and Heron 2 and 3 drilled and into production by Q4 before wild catting the raptors which I think rightly should be our goal next year with 8 - 10 months of oil income in our warchest. I am very confident we will get Heron 1 workover, fracked and producing this summer.
Mike must be aware the market are fed up with his leadership. It is time he stood up to be counted. Get the licence sorted to transport the oil when we start drilling, complete the talks with petro china new CEO and DQE and inform the market.
It has been a very dissapointing end of Q1 from Mike, make sure he makes Q2 count
Well done those buying at these low prices
I wish MATD start production soon and then you manage to get your fancy Bentley Bentayga.
Best,
Hamm
Hamm,
I have a number of positions with a variety of equities, some are long term, most with companies that have a record of producing regular and stable dividends, others are more on the value side and then there are a number in which I hold some interesting quantities that are somewhat akin to trips to the casino or the racetrack, potential winners, but just as likely to be losers.
Matad is one of those, it's a bet with money that whilst I wouldn't be ecstatic in losing, would not be a problem. I'm also in Hurricane as an LTH, like Matad, I bought in fairly high and topped up whenever the price dropped. Matad is currently losing me about 16%, Hurricane on the other hand, at today's price, gives me a 130% profit. I hope that Matad will eventually do the same. If it does get to that percentage and with my holdings I'll be able to buy that Bentley Bentayga I fancy (second hand of course)
Why i think this share will re rate upwards ( on good news from an RNS) is perfectly illustrated by this BB. there are those of who have bought and believe in this company to deliver on its promises and i am one of those and at the moment see nothing to make me doubt it. (Just hope i am right). then there are others on here who are basically trading their way through the dips and peaks and then there are those who look at life through a glass half empty they are here because they have always been here and probably not worth their while bailing out but realise that if the company gets it right there is a big upside. I also happen to think that there are a number of people outside watching this share with great interest and keeping their tinder dry. They are waiting the RNS almost as much as we are. They will be prepared to pay quite a bit more than the current price but be sure the company and we are right tracks before putting their money forward. Remember by the time we remove Petrovis and the BoD from the equation there are only something like 625m shares to go around and even a some of those are in fairly sticky hands. So a good RNS sees these people look to buy in they sweep up the low lieing fruit very quickly and then they will come after the other fruit. Everyone has a price and the share will rise up to meet that price. It will not take many people / institutions who think the fundamentals look good to come on this share because its value at the moment is so low against its potential that it has to re rate quickly. The other reason the share is so low is that few people trust what happens in Mongolia they probably do not even know where it is but they will do very shortly. China have been warned about backing Russia how far that threat goes i do not know but i would respectively suggest to China that rather than look to Russia for its oil it starts picking up the low fruit from next door in Mongolia.
Don't rush, this might easily drop under 3p if not lower!
Wow 10yrs Iv been in Alba for 4yrs and I thought I was a LTH,
You must be holding a similar amount by now ? With a juicy avg…
Been watching this for a while now looking to take a position Soon
GLA
Hi everyone. I am a LTH of over 10 years and I look at this BB for comic relief when I read most of the posts. There are a few posters who make really good comments, intelligent insightful even. But some are completely wacky and a posted to take a rise out of people.
Lots of people comment on Mike Buck in a spiteful manner. This guy is just doing his job. Dealing with a Government is not like popping down the pub and having a chat with the boys. It takes patience and excellent communication skills. Yes we all want him to succeed it will make us all rich. Mike Buck as approximately 9 million shares. He wants to get oil out of the ground so that he can enjoy his retirement and confirm his legacy.
So, let him get on with leading his Company into becoming the main oil producer in Mongolia. And, if you read between the lines he wants to find even more oil, which will make us even richer, just by sitting in our chairs.
As someone wrote previously, in 12 weeks we'll be producing oil.
Good luck to all LTH's
10p
News of the Rio Tinto buyout offer of Turquoise Hill (the controlling company of the Oyu Tolgoi project) left me wondering if we could see the same happening at PM with an offer from Petrovis.
What price would you as, a minority shareholder, feel comfortable to accept based on:
a) Current conditions
b) Rig contract signed and everything in place for Heron 1 production
If you think Petrovis are reading these boards you can adjust your price accordingly!
Gkahn………sounds like you are another punter here with their head stuck in the sand…..you are not prepared to listen to any potential bad news. You should just waste your money down the bookies if that is the case…… a 20-1 EW on Red Rum.
Are you leaving us GK ?
Iamrich says £1 by Q2 (doesn't say what year though). If they are so confident they can buy my holding now for 10p per share!
Hamm, Manro, badprophet, aspers & Horsers
Goodbye
Aspers: So now it looks like you are arguing with the market - I don't make the prices. Good luck with that.