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Well said. Totally agree with you.
I have emailed Investor Relations again and also copied in the broker. Perhaps a few others could do the same. I am pro PM and have been invested for 9 years and am very frustrated again at the lack of communication of MB and PM. Yes ref the LP I know and agree MG are slow and also laws and procedures are being put into place at the moment to speed up the processes moving forward, but what I cannot accept is the silence of Buck. An update of where we are with the LP would be good. It has been 6 weeks now since the operational update and the main gripe I have is within that 6 weeks he has not been able to get a date off the Canadian Drilling company to spud Block V. What the hell has he been doing regards this. We will be in Q2 a week Monday, and still bloody silence from him. My personal opinion of Buck is he has a total lack of respect for private investors. On the PM website there is a paragraph that is headed "Building Trust" Buck needs to read this and act on what the company preaches. My opinion is that I do not doubt he is a top geologist, but he should not be a CEO of a company in Mongolia.
Rant over, anyway as said I have emailed them, perhaps a few other people could do the same and try and apply some pressure
iamrich - so early April is your expectation? So within the next two weeks. I'll eat a big slice of humble pie and also buy you a beer if that happens.
Interesting that other posters who shot me down are now also getting a bit concerned. Something just smells a bit fishy, the constant delays are incredible. Months just pass by with no real news. I mean, what is MB doing other than perhaps sending email chasers to the MG?!
I also do not understand why central government are giving the local government any choice at all...why another meeting? Just override them. To say to them "you've got another chance to say yes, and if you don't, we'll override you anyway" seems strange.
Steady on chaps , it was only last Friday they had that local meeting to discuss the previous refusal yet this time have had the Central Government dictate to grant it or we'll overide you.
They're still probably using typewriters that run on Yak speed so more likely it'll coome next week.
Can understand the frustration. Hang in there.
In my view, Central Govt has probably made it clear to Local Govt to get LP done ASAP and get a move on or we will.
Is this the guy who was persistently bad mouthing the company, Mike Buck, the Mongolian authorities generally until one day, overnight, miraculously it was the best stock in the entire World!
Black to White?
Bad to good?
Flick the switch.
Then Flick it back again.
At least Mr Positive just sells and goes away until next time.
Rich, I don't need to prove how many shares I have. It irreverent. I was just replying to your comments.
You don't need to be rude. But certainly you don't have shares more than MB. That would be the reference without telling you my exact number of shares. Please don't be rude. You don't need to. I am a true inventor and been here before you. I have been active in Mongolia Bloomberg TV , face book, Twitter etc etc wherever I could I did my best to support MATD/MB.
I haven't sold any shares yet. I am still hopefully to get LP but anxious as well. I don't agree/support if MB/MATD starts drilling before H1 LP secured. How difficult is to understand that?
Hamm,
I'm glad that you've returned to your previous sound position, both regarding the MG and this chatterbox and idler CEO. Who doesn't care what he will spend our money on and is ready to continue his new risky drillings and leaving PM as an search company instead of making an oil producer, taking the business to a much higher level. Therefore only by increasing the pressure on the MG, this inappropriate CEO and all other organisations, including the British Embassy in Ulaan Baatar and even the Mongolian Embassy in London, we can get the LP.
Hamm I don't think you have alot of share here trust me I have way more then you, stop this nonsense talk of owning so much that you will tank the share market get lost man,
You have been a serial derampers and tamper as and when it suits your trade
But don't go and bad mouth the CEO just like that mate you sold that's you now don't bring people down for your own gains
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...