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"The only person to blame for the failure is MB. "
and ?
"We all invested here in to a company which has so much potential. We are all let down by one man."
and ?
" He had one which was an obvious one to find which was heron and even that he screwed up."
and ?
Condor man. Please list success of MB . He had one which was an obvious one to find which was heron and even that he screwed up.
Please enlighten us with MBs success.
Condor man. The only person to blame for the failure is MB. If you don't like reading my post then move on.
We all invested here in to a company which has so much potential. We are all let down by one man.
How is telling the truth called childish.
I don't tell posters what to do and neither should you. If you don't like what I write just move on.
So no doubt an update will be attached with it.
Mr B, I hope you are reading this. This has gone on for far too long! You/MG need to do something and fast please. It is becoming increasingly unacceptable.
Master, you are sounding like a lover scorned. all this whinging, giving precious advice as to what mongolia should do and shouldnt do, what matd should do, etc .... you really think it's going affect change ?
You seem to come across as a manic depressive with your relentless personal attacks against MB, and mongolia. For a start, Mongolia is a sovereign country, it can run itself, exactly the way it wants to, without armchair geo politicians like you giving them priceless advice and calling them a "3rd world country"... it's stupidly arrogant and pompous. As for MB, he is there by the support of the institutional investors. He was bought in by them.... his experience in the oil sector is 2nd to none.. working in africa, uk etc... even was leading guy for Lasmo when it got taken over. So your rants and crying as to what he's done wrong and what he should do etc.. is just childish tripe.
You need to take a long look in the mirror and stop your pathetic and sad crying into your milk attitude. This is AIM... every stock on AIM comes with a massive wealth warning. In a relationship, if things turn sour, you split and move on. You on the other hand, just rant and hurl pathetic advice knowing full well it'll be useless.
These boards are not a therapy centre where scorned investors like you can vent your frustrations to get things of their chests.... as that is as pointless as venting your anger at your shadow for following you around everywhere you go.
Man up, take responsibility for your actions - no one to blame but yourself.
Anything is possible here . MARKET has lost trust. When he said 3 months in December the SP climbed up very fast. In his latest interview he said by end of year heron will be producing.
No one can believe a word that come out of his mouth now.
The Mrpam minister said 3 months in October it's been a year and we are still waiting
Madness how Mongolia operates. No wonder its a 3rd world country with progress at this pace.
They should take some innovative lessons from the Chinese . From very poor nation to superpower .
Company "news" has driven the SP down from 7p to 3.2p. No more news please unless it's super-positive & what all holders want to hear!
We are fast approaching the end of September and the end of yet another quarter. I think it is about time we got a serious update at to exactly where we are are or more precisely where we are not at the moment. Who or what is causing this delay and what are you doing to clear the obstacle. I think the time for letting the locals manage this shambles of a permit authorisation has long gone and we need to be a bit tougher in our approach. Some would say much tougher.
"This has to be the most frustrating investment with 4 years of nothing but BS"
You should try Kefi Gold & Copper, that's the most frustrating investment EVER!! Millions spent over 13 years (I think) and yet to produce a single ounce - or gram for you younger investors - of anything.
At least Matad have drilled holes and found oil, even if they can't get it out of the ground just yet. Soon though, hopefully.
Apologies for crossing board 😉
Wages are ridiculous for a company that is not active.
I working on my proof reading honest 😁 GLA
Post of the day, Barclaysshare exclaiming bribery is illegal. Yes, so is corruption! Welcome to Mongolia!!!
Saddest moment of the day, Jimibrush, who I really like, saying aloud, not allowed. There’s typos and there’s typos.
I’m watching as it seems to be on a down trend but coif offer excellent upside if they can get the relevant permissions.
Re the fundraise I think they’re ok for another 6-8 months. The below was from the financial updates. They had just over 5 mil in jan and spent 3 mil last yeah but they may have money left over from the fundraise in feb so may have nearer to a years money.
2022 Financial Highlights
· As of 31 December 2022, the Group's cash position was $5.1 million (Financial Assets) (31 December 2021: $8.2 million)
· The Group's net loss after tax for the twelve months ended 31 December 2022 was $2.95 million (31 December 2021: loss $2.1 million
With all this faffing around its clear the mongolian goverment wants to get the refinery up and running before the oil can be extracted. The mongolian goverment has made MB powerless to do anything and should stick to herding sheep instead of extracting oil. By the time the mongolian government/local authority allows PM to extract the oil from the ground it will be worth nothing as the world would have transitioned to green energy.
I am expecting another raise soon as PM must be running low on cash....
Im lucky my average is around the 2.6/7 mark but a part of me wishes I sold at a decent profit and just walked.
This has to be the most frustrating investment with 4 years of nothing but BS.
The planning permission comes down to the local government. Why do you think they are not willing to give PM the Land permit.
Local government is holding PM back due to bad negotiation skills.
Locals want better deal call it bribery or whatever you want. The world revolves around money.
Even in the west money talks. So don't think it doesn't happen. Its only illegal for average person. Big companies all work on back handers.
Look at BAE system with middle East contracts.
Also, BRIBERY IS ILLEGAL
In any case, PM aren't party to any negotiations. the government have offered alternate land areas to herdsmen involved.
Foreigners are not aloud to own any land in Mongolia so buying it is totally out of the question. Looking more like we're going to have to hunker down for another Mongolian winter. 😢 GLA
In return for LP. The locals want a good deal . That's what this is all about. Its nothing to do with environment
In return for what??
Improve their local schools hospitals. And they will be made up. Not clean up some rubbish in middle of nowhere, which took 1 day.
Mongolian farmers are probably like farmers everywhere. They would rather lose their right arm than give up the tiniest scrap of land no matter how much you offered them. I think legal enforcement was probably the best & maybe the only way to get the required access. My 2 tugriks.
Master, what sort of deal are u suggesting??