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master82. You probably not quite understand me. I agree with you, and that is why I decided to emphasise that this management seems to have even forgotten that its main task, as an explorer, is to search for and discover oil. And in those gigantic volumes which about this CEO was chatting all the time, as he did in relation of incredible governmental support. So, till today nothing was confirmed except Heron. And even Heron by the way, would not have been discovered if Petrochina had not extracted this oil from the same reservoir and would not have shared its data.
Manro if you can point us out any positive in the last few years besides heron. Which is still not 100% guarantee.
Then please point it out and enlighten us.
Manro. I am just pointing out the fact why are you defending PM management. They clearly have failed to get anything right and blew all the money including ours in the past few years.
There's nothing clever about my questions. As a shareholder I have the right to ask and be frustrated
master82, my post was addressed to your very clever questions too. I just forget to mention you.
They are talking about everything now and very often non essential completely forgetting that there are other projects and that PM didn't stop being explorer.
Oilfarmer, you raise precisely those essential questions on which all of idiots on this board, not saying about brainless persistent insect, unable even to put. They can only like parrots repeat complete nonsense: "when, not if" not even realising that a self-respecting CEO would never use such phrase. Since, time is money and it is this that plays a fundamental role in any business. But because he and his BOD are not busy with businesses but just with parasitic buzzing like their insect, such a phrase is norm and behaviour a form of the existence.
I don't understand why not his has been done on other blocks.
Why wait 2 years and pay the bosses for doing jack. Instead of getting on with other projects.
All dreams of having JV partners are down the drain no investing company would want to work with PM looking at the history of how they operate.
No visa
No permits
No EL
No money
What a joke.
So what else is happening in Mongolian Oil & Gas prospecting or production ?
Elixir Energy (EXR.AX) managed to dodge the Mongolian Covid bullet in December 2020 and has proceeded towards development despite !!
https://www.nextoilrush.com/exr-doubles-its-gas-resource-chinas-doorstep/
Just as 88 Energy (88E.L ) dodged the Biden bullet on North Slope Alaska....
So what is so special/difficult about the MATD EL proposition that it fails to progress except Govt incompetence ?
Still Holding !!
So long I can't remember why !! ?? ??
GL - Oilf.
High street trader
I think you will find if you check Mongolia as a country has put together significantly bigger deals with multi national groups. The GoM has also not been significantly impacted by Covid.
Please do some reading .
I did sell up and glad that I did too last year at a lost of over £16k recovered it all back on ODX.
We can only assume that those who are permamoaners are, like me, in the red and selling their stock would be a loss they're not happy with. I guess they simply want a return to the black and profit sooner rather than later, hence their moaning. It all lends to some sort of balanced conversation, it all helps to develop one's own attitude towards the snails pace of developments ( or not ).
Patience folks, all will come clear within the next 5 months I reckon.
Pd , good post. All the winging and moaning won't make much difference. If I was not happy with the management I would sell up and put the money elsewhere.
Lol you guys are funny. If they were just making up excuses that would be one thing, but a global pandemic is somewhat of a big deal. Plus the first time going through a licensing process with a government that may not be quite as organized as larger countries (in an election year) doesn't lend itself to efficiency. Your frustration and emotion seem to be clouding your perspective. Hamm you definitely seem to be a glass half empty kind of guy so I'm sure you will carry on whining. I will kick back and wait to be proven right. Good luck!
Hence a man that speaks reason !!
Sh-t smells like sh-t for a reason. It stinks.
What Matad are trying to feed LTHs just stinks.
What a stupid comment. After more than a year EL it is still a matter of time not if. REALLY!
WE HAVE BEEN here for fuc....king years. What have LTHs achieved? If you have just invested in MATD recently you might, just might be ok. Not LTHS. JUST fu... king shut up. Don't tell me that is ok. I have invested here seriously. I am not really impressed with guys keep saying it is a matter of time not when. What MB has lost? Nothing! They get blood....dy. millions of shares. Had enough of stupid comments.
I think that RNS went a long way towards reiterating that the EL is a matter of when not if. The negative commentary on this board is just noise at this point. The company is basically saying that they are on the verge of getting this done. They also went into great detail to explain the roadblocks along the way. So ask yourself if a potential double or triple from current prices is worth waiting a little bit longer? Just my speculation on the potential price movement but I know my answer. Best of luck.