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Rich, I thought you said it isn't MG concerns! Therefore MG can't promise anything.
No I haven't sold any shares. If I do the price would tank! I have more shares than any body here.
Certainly much more than MB. I will add when we get LP. But it would be daft if drilling starts without LP granted and stupid if MB doesn't change his tactics. I agree with you that nobody knows what is going on and you don't know either.
The question is if MB knows? that matters!
LOL Funny how people sell just before RNSs. Not just single one but all will find out very soon.
Mr Rich you will be happy soon & other holder. Watch :)
I think it is a matter of what message CG sent to the local government.
This is really not our problem and it would be best if you dealt with it as they are your people.
OR
We are sending it back to you to sort out but our recommendation is sort it and get sorted quickly!
He didn't do his homework properly and went straight in to drilling without getting local permit .
Its standard practice all over the world. Look at UK same stuff happens here. The government will issue the exploration blocks but the company still has to get permission from the local council.
I think MB messed up by taking the governor to court. His biggest mistake. He should've taken the first step in calling the Mpram minister.
Once you take court action against someone its hard to ment the working relationship.
Hamm,
News could land next week, you don't have a clue on what is actually happening in the back ground,
Also the local meetings have taken place to discuss and vote on this, I believe news in the next week or so
If you sold then be ready to lose out on this rise if this LP all of a sudden lands
The timings for getting a permit is about to right it's taken 6 months since the government promised, everywhere it's take about 6 months and we are now here
So all looking towards an issue of LP first week of April tops
Hamm - I totally agree with you. I so think that the Buck actually stops with the GoM though (no pun intended)
I totally agree about drilling for more Oil when it's been 4 years and still no LP since we last did that for them.
Although it's helped bump the SP up a bit and probably will do nearer the drill date .. like you said, what's to say that we find Oil again but have to wait years again to extract any of it. Seems beyond daft.
A suspicious mind would be thinking that the GoM is using Matad as an explorer rather than actually working with us.
You're e-mail is to the point without being pushy. It's appreciated you being proactive as we are all getting fed up of the usual drift into silence from Matad and the GoM etc.
GLA
6 month ago MG said/ promised MB that they would issue special permit!
Now they saying sth else! Why MG should have any right to issue any exploration license if we can't get explotation license?
That is contradictory. Cheating is the truth of the matter.
Blue, Nobody is trying to discredit or blaming MB. He might need to be reminded that he needs to change his course to get LP secured asap. We can't just spending money looking for sth/oil that already have but can't get it out! It is an irony that we have oil but can't extract it but we go somewhere else looking for the same thing that we have no permission to exploit! Please don't tell me that other area we would have no problem.
Central government has made it clear and has now left it with local government to issue the LP I think they did explain that its way easier and quicker if local government issues it,
We all saw that last year's meeting where they didn't issue the permit was opened up for discussionagain assuming it was a vote to issue,
Again local government don't have a choice now or they risk losing all businesses for the country
Patience people like I said latest early April for LP, the administration side of these guys is very slow,I think buck knows exactly where we are and most likely holding back on velociraptor drilling news
Reckon all news lands at the same time,
Thanks Hamm - to the point and with the pertinent questions asked. Will be interesting to see if there is a reply forthcoming.
I'm neither a huge fan, nor a critic of MB.
IMHO .. I think this is pretty much all down to the GoM.
MB could maybe be blamed for agreeing to drill and look for more Oil for them whilst we are still waiting for the previous Oil find from years ago to be taken out of the ground, but he himself stands to make more many than any of us when the LP is finally granted, so why wouldn't he be desperate for that to happen as well?
Hoping that the GoM aren't just using Matad as an explorer to find Oil for them and go no further than that, but I think that they just incredibly slow and somewhat inept at doing this. Maybe a little hesitant of signing up thanks to the actions of PC.
Fingers crossed we will all be happy soon when some news finally lands.
Hi there,
MATD has spent millions in Mongolia looking for oil. Oil has been found 4 years ago. We have been waiting for LP since then! I wonder how you explain that? How can Mongolia attract more investors if you guys treat us like that?
Please reply.
Thanks,
UK share holder MATD investor
>75?
Isn't that what the '?' denotes?
See I've done it again!
(That one's an 'exclamation mark' and denotes shock/surprise or empahsis.)
Every day a School Day (for some.)
I'm sure he has. He posts or his team posts on Facebook daily so they will see some messages and might acknowledge that important investors want answers
What are you putting in your messages?
My first thoughts are that they'll all have far more important things to be doing than responding to loads of messages from desperate investors from all around the world, but good luck all the same...
I have just sent him a message. See if I can get any reply.
True. PM has done so much in the past but they are still not appreciated.
I know we have the wrong guy incharge. Otger companies are doing ok in Mongolia. They have been getting on with thier projects since last year.
Mainly Australian operators.
Perhaps MB should stop supporting the locals, starts with volleyball team!
It seems ridiculous MATD has been paying for the locals who never appreciated!
I have messaged him. Maybe few of us here should
https://www.facebook.com/mbadamsuren
I have Facebook account of the local governor. Maybe if we all bombard him with messages he's team might just respond.
Odds ratio of > 75?
Your source? Oh right you just made it up
What ever MB has been doing doesn't seem working! He should get himself together and do sth different. He might get sth if he goes every day to the Mongolia mining ministry and asks for explanation. That is a joke that we are allowed to explore but we need to get LP for explotation! That is absolutely a joke now. He needs to do sth now before we miss another year.
Personally I think MB is not doing enough at any fronts .
He is the wrong type of guy to deal with Mongolia.
He should have dates for drilling and rig by now.
Its not very busy in Mongolia. Rig company should be able to give you a rough idea of when they can commence.
MB should be going to these local meetings and reassuring the locals about how PM will operate.
He is probably taking it easy and getting wages for f alll
While I appreciate the links/news but I haven't seen any of them related to MATD/LP!
It seems MATD doesn't exist! MATD hasn't participated in any fair/exhibition etc in Mongolia either!
What happened to MG special LP for MATD? We are again end of Q1 2023 and no concrete news regarding LP yet says it all.