Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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And this, LOL:
"I’m not going to get into one with you, I’ve seen how you operated with WOS - on and on and on, like an old washer woman."
I was thinking the same about you!
But if you mean tempering his wildly over optimistic ramping, then sure. I live in the real world, so things like what is happening with MATD are not too much of a surprise and why AIM stocks are just one part of my asset allocation.
Sad news indeed. Been invested here for over 3 years now, with loss of production for many years now, its very clear, that the Mongolian government will stall production until there refinery is ready . which would be another 3 to 4 years of lost revenue. Madness to drill for oil and not able to produce. How to solve this problem is the hard part. Nightmare for all investors. May-be London South East should highlight this to warn any companies thinking about investing in Mongolia.
"On cue Doc has yet another meltdown 🙄"
Where was the meltdown?
Petrovis should takeover ss they are already doing their own explanation .
The locals might just treat them as Mongolian company instead of foreign company.
1300 posts since 29th of last month , much the same level.
Maybe many chart types Finwittrader mistakenly said 2.7p last month might of got that after today's rns.
I was thinking of averaging down again as my style hesitating after someone pointed out folly of that .
https://stockdisciplines.com/average-down-falling-stock/#:~:text=Never%20average%20down.,weeds%20and%20feeds%20the%20flowers.
No wonder no one has taken any new blocks. They keep advertising on mrpam website.
Then again we do have Australian companies who have JV with PC . They have managed to find gas and are selling to lical market.
The big fat figure points to amature CEO who is the cause of their problem. The sooner he goes the happier I will be.
He has had no luck with JV and is useless at negotiating with locals.
Mr ShortShrift member since 20th September 2023.. maybe he was on holiday before then :-)
So Doc lets get this straight.... most is going as you (unfortunately) thought it would.... and here you are at a big loss ? So what is up? Not telling the truth or a bad investor/trader ?
So now you think SP will go lower but you will not sell. So no conviction in your own judgement ( which i can understand) or again not being honest here either way?
MM are very important. All over aim... if you see it you can profit from it....
Ol' ShortShrift here, apparently lurked from the side lines for months before deciding to come on LSE proper, now setting a daily posting pace to challenge WOS! Just who are you, really?
Funny to see those whining about people whining. This has dragged on for 2yrs, shareholders have every right to have a moan. I'm annoyed but not surprised. As you pointed out, I said waaay back that I thought it would be September. It's become clear that the corruption is worse than I first thought and while I won't sell, I am becoming more concerned by the day that we might not ever see a positive outcome here.
investor33 - you can talk all you want about MMs, and you might have some valid points. But in this case, we have been told that this year is all but written off, so it's logical the price falls. And it'll continue to fall as these delays continue.
Short. He should've got the permit in the first place. Non of this would happen. .
Iam saying the flaws in land laws is not MBs fault but he got us tangled in to this situation. If he got permit from locals non of this would happen. No need the MG to get involved . But he fkd up big time and has cost us shareholders dearly.
He is the one to be blamed for the failure of this task, sir Alan . And Alan would give him the finger.
...slow to resume posting here after his holiday, Sirs ?
Disappointing RNS but pretty predictable.
Still I did my bit with a top up here this morning.. and am open to doing a few more top ups here as we go.
Not sure why I'm happy to do more top ups ... maybe its because Mr WOS kept telling me to be and stay happy
@Bowley - all ex-Soviet countries were or are the same. Over time it's lessened in countries who eventually joined the EU, such as Bulgaria and Romania, but the USSR communistic system was totally corrupt through and through. Organised crime went through the roof straight after the USSR fell, as the armies of people employed in the security services in the Soviet bloc turned their hands to organised crime instead. Soviet communism was a really foul disease.
Personally this one trip pony needs to go. He has caused nothing but stress to shareholders and just doesn't have a clout to make things happen.
A good CEO would've solved this by now ..and would've had a legal team to look in to the complications and who is responsible for this issue.
Clearly the MG has flaws in their land law and should foot the bill for a company that has spent 130m .
Do not give Exploitation for land that you do not control.
Why can they give special permit for railway line from PC facilities to the oil refinery. Doesn't the same rule apply here
SELL OFF THE LICENSE TO PETROCHINA! GIVE VERY BIG MIDDLE FINGER TO THE CORRUPT MONGOLIAN SO CALLED THIRD NEIGHBORHOOD POLICY. GIVE VERY VERY BIG MIDDLE FINGER TO THE BLOODY LOCALS. THEY ARE TAKING THE INVESTORS FOR GRANTED. ENOUGH IS ENOUGH. SELL OFF THE LICENSE AND LEAVE THAT CORRUPT COUNTRY FOR GOOD RIGHT NOW!
Not great news but not unexpected.
Read the link below link. These are the real realities of doing business in Mongolia.
My colleague is working on a paper which highlights corruption in Mongolia presently. I will post it here shortly. I am beginning to feel a little sorry for Mike.
https://newsdirect.com/news/amarbayasgalan-dashzevegs-soviet-style-corruption-destabilizing-mongolia-336271381
Short, in that case MATD business is getting money from uk investors and wasing in Mongolia!
Thanks for clarification.
Guys, have a good day all.
MB really needs to question himself and his dignity. Here is a government that keeps making him dance with strings and he is dancing 🕺 along.
He should have some self respect and stand up and be vocal . He should even consider legal action
As much as I am tempted to voice my utter disdain at yet another delay, I actually want to look for the positive in this:
The update, although infuriating and totally predictable, is nothing more than "we are still progressing things forward", so the drop in SP I actually see as only temporary and further underpinning the baseline level for us going forward.
On the negative, isn't it curious how WOS is silent and not already back blabbering nonsense about done deals, and double digit SPs, and how happy he be is about the SP drop, remember as worry him no. No doubt this post will be removed by the website soon for "telling the truth" as my previous post was removed... curious, how corrupt things are these days and we sit back like beached whales and do nothing.
At least when we finally get progress and maybe an uplift in the SP for real, the inflationary affects of the global economy will mean a 9p SP only equates to 3.9p now. What a crock the investment market has become
As jamins said very well.
MB has been outside Mongolia most of the time.
Has been bidding for more land to explore why the one we have can't be used!
And still talking about advance talking!
Keeps telling us about renewable.
Short, tell me why MB should venture on more exploration and renewable while we hav e been waiting 5 years for H1 and still waiting?
I said get a temporary permit until its finalised
Doc83 and HappyDazes - as it also mentioned in that article ;
"Since market makers are sometimes involved as both brokers and dealers, this creates a conflict of interest because, as brokers, they are supposed to provide clients with the best execution. In contrast, as dealers, they become the counterparties and are therefore trading for profit. Thus, investors should be cautious."
MB drilled without a licence and then took the local governor to court and lost case. He can't do any worse.
He should get a temporary permit and start putting equipment together. What's the worst that could happen .
Another few million here and there won't make a difference . The team is getting paid for sitting idle . At least this way they are doing something.
Heron was drilled without permit and then the locals stopped it . But was allowed to be completed by oder of the mining ministry. Why can't they do the same.
Too easy for PM team to sit idle and make money from shareholders like us.
If I was major holder I would not hesitate and have a shakeup.
HappyDazes - I just smile at the people who buy shares in a company without even understanding who the biggest market participants are in that share. It's an incredible degree of naivety.
The only problem with the RNS today but might be a blessing is that the oils stays in the ground for a little longer which means the rewards will be greater ,hence why there are more buyers than sellers today as I said earlier that really the only way this share should go is up