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Captain Stanley - I have no idea why you are being given such a hard time. LTH's here have overlooked the fact that this share has become a trading rather than an investment share. We are all here to make some money and anyone who has an issue with share holders buying/selling should maybe take a long hard look at their own strategy.
Beware Captain Stanley, as I (and others) have pointed out many times over the years. He sails up close to the good ship Matad and at the last moment hauls down his “Serious Commentator” flag and raised the skull and crossbones, showing his true colours. In complete accord with his three year record of posting on the MATD board, he did exactly what he always does - albeit much more cleverly and subtly than other rampers/derampers: Traded shares the opposite way to his recommendations and writings. When taken to task always has a clever, self-justifying reply, getting closer to fooling the sailors on “Matad” that he is a friendly ship from a friendly fleet. Witness his latest disingenuous reply to Ojay when tackled about his 180 degrees turnaround. A week ago he was furiously defending MATDs financial independence and lack of need for a placement. Today he is adamant a placement is needed. And into the bargain smoothly lies about it to Ojay and others. He spent most of 2017-2018 picking faults with MATD management. Despite his arguments last time, they were minor faults, as history has shown. (And despite his statements, he wasn't even posting on this board during the Bergen times). I have no doubt he was buying during those cleverly phrased postings. Then in 2019 he gradually converted to full-on praise for MATD, its prospects and management. In the past month he was posting positive reviews about the company and its long term solidity. Then sold. No doubt he is a clever day trader and we should admire people who pull a profit from short term trading in "our" company. No problems with that. MATD is turning into a good trading stock with a lot of liquidity and traders cannot be denied. And they are welcome to boast or cry about their successes and failures anywhere they like. But the “good” Captain and others who practice their dark arts of decrying or promoting for their own ends are different creatures. You have to ask yourself why does he engage on the BBs? Why doesn't he just sit in his captain’s cabin and read the postings and do his clever trading from his own research, not needing or bothering to share his views with the world? There are two correct answers: He likes to show off his knowledge, successes and his insight and secondly believes that he can affect the share price to his own ends. To be honest, I believe that most of his writings are soundly based summaries of the company. Crucially, he is not consistently correct and is prone to falsehoods or false leads. Those inconsistencies expose his true intentions, if you can pick them. I would advise all readers and contributors to read him and admire the prose and the elegance of his arguments and lies. Just be aware his enthusiasm, criticisms and even comments are written for his own purposes and he always has hidden agendas. He has the Jolly Roger ready to hoist, and cannons primed as soon as he reaches optimal proximity. And takes no prisoners.
Petro Matad, a Mongolian-listed, Mongolian investment company, covers 10 340 kms covering the southern part of the Tamsag basin in the Matad-XX area, drilling the "Crane Crane" well into the crater of natural oil The above exchange rate has come. The company drilled two holes in Matad soum of Dornod aimag. In this regard, "Petro Matad" exploration geologist, Dr. D.Buyan-Arriving, said: "It is possible to predict the geological structure of petroleum targets and predict the oil that could contain oil reserves, and set up a drill hole based on economic calculations. The "White Crane" drill was drilled last July 19th. The drilling rig was started from a depth of about 2650 meters from the depth of the drilling rigs, and was sprayed with a washing fluid and appeared on the surface of the crushed rocks. It has grown dramatically from 2803 m depth to 2880 m depth. After completion of drilling, the geophysical measurements were performed on the wall of the drill hole and interpreted the three phases that were able to carry out the calculations and calculations of the oils. The 12-meter "dirty" and 10.2-meter "pure" thick sandstone at the depth of 2834-2846 meters was connected to the borehole, and oil and gas appeared on the surface with pressure. "
According to the company's initial calculations, wells can be more than 200 barrels per day. According to estimates from the drill hole, 25 million barrels of oil can be extracted from this deposit. However, this number may increase due to the fact that no water has been released from this well. They are expecting a number of jobs, including exploration, resource estimation, development plans, and transfer of land use.
Due to the harshness of our country, drilling and experimental work is short-lived. Due to the barriers in the company's work, the Chinese drilling company paid for the idle and lost time. If you worked on the plan, you could experiment with the "Gazelle" borehole. Interestingly, the oil in "Gazelle" was drilled 5 km east of the White Crane. There was a period of 3.2 meters thick, which could contain oils that could flow into the pit. If it is drilled to the top of the embankment, it is more likely to have a thicker ointment.
Petro Matad also conducts oil exploration activities at "Bogd-IV" and "Ongi-V" areas. Undoubtedly Mongolia needs raw materials for oil refineries that are ready to commission in early 2024.
Historically, in 1940, Mongolian geologist J..Dugersuren and Soviet geologist Yu.Syaebulovsky discovered the Zuunbayan deposit. Historically, foreign geologists, including the USSR, the USA, and the People's Republic of China, have discovered the deposits in Mongolia. Then we have been told that the Mongolian experts have defined the structure of the boreholes drilled at Matad-XX area. They are reporting their own risks, risks and economic calculations. With this discovery, Petro Matad has become the pioneer of Mongolian experts who have discovered deposits.
He is true chameleon easy changing color. Unwanted handling can cause hissing and biting. Its bite is painful but not toxic or harmful to humans. However will be better to avoid any contact by filtering.
Sorry to say Capt'n that your stance towards PM has changed dramatically since you bailed out. I have nothing against taking profits when an investor considers the time has come in accordance with his investment strategy. But your opinions have obviously made a 180° change of direction lately. Is there anything positive you can contribute to PM's current (and obviously great) situation?