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Mr Doc
Maybe better to spend as much time to do research to share with BB Instead of just collect quote from poster to attack them.
Look like this is ONLY thing you do on BB.
Be happy & Wise 🦉
Hamm - Mid November 2022:
“MB killed the share price from 9p to 3.5 placing! So He isn't worried about the share price.
Why was he too rush to raise money if he wasn't sure about LP?
If he made a mistake thinking he could get the LP fast, then he doesn't have a good judgement, then he can't get the job done as he hasn't. The other point is that why MATD didn't start drilling with the most likely well to have oil rather than the wild cat? Another point is that if /when MATD found out that get LP would take longer than expected why didn't invest the cash with %20 interest? That is the interest they were supposed to give if MATD needed to borrow money.
MATD hasn't done anything in the last 3 years why they didn't freeze their salaries? In fact they raised their pay!
Why Matd hasn't been present on any if oil/mining exhibition is a big question. Why do you think guys this cheat man MB is a good CEO? Didn't he say the equipment was on the way? What happened? How difficult is for this cheat to be honest and clear with shareholders who gave their hard earned money to this company?
He is absolutely a liar. No doubt about that.
The question is why doesn't MB want to he a success? Not that he doesn't want to be successful but he is not capable that is why he is simply cheating or why is he hiding? Where is this basd hiding?
Why doesn't he come and tell us the truth?
He needs to explain to us why he made a mistake to say the least! and when he is going to get lost.
3 years waiting for what? Come on man! If he isn't in fault and he isn't to blame he should speak up or he is simply guilty and they are plotting behind us to get our money and run away.”
“MB is the best man to save MATD. He has been very patient/savvy all the way and he will deliver soon.”
Oh, Hamm 🤦🏻‍♂️ For those interested, they just need to see what you were saying about MB around this time last year!
Any suggestions of court case or MB resignation or such either is nativity/foolishness or hidden agenda.
MB is the best man to save MATD. He has been very patient/savvy all the way and he will deliver soon.
Great time to get in or add. Rerate asa we get the RNS we have been waiting for. It is just a matter of time.
Fully agree: Just don't get the courts involved. A law suit - however positive the starting point for PM may seem to be - is the last thing we need now. A respective proceeding would set us back for many years!
I know BP will say no no no to MB speaking, cos it usually means the SP falling when he does :D
I’d like MB to absolutely confirm all herders are happy to be compensated and aren’t likely to delay things. Because then what? If the courts get involved, 2024 could then also easily pass us by, just as 2023 has.
It’ll never happen but it would be nice if at such a time of importance like this to MATD, that MB gave us monthly updates, even if that update might be to say “yep, still no progress!”.
Researchandhold said //BP is like a stain on humanity//
OOOOH - major burn from the slanderer!
Over ruled. Just like BP on this board!!
Researchandhold said //BP is like a stain on humanity//
//Hence in this instance the Mongolian Cabinet have effectively called it in and granted the Special Purpose Use and designated it a project of National Significance.//
And then sent it back to the locals to decide! PMSL
Investror33 - it is as yoiu say.
All I'd add is that of an analogy with a UK planning application being called in by the Secretary of State who then over rides all local authorities and grants the consent.
Hence in this instance the Mongolian Cabinet have effectively called it in and granted the Special Purpose Use and designated it a project of National Significance.
Shortshrift
I'm not losing any sleep about being underwater right now, as to my mind the province has absolutely no choice other than to sign it off. Their parliamentary system is similar to ours, and it's the Mongolian cabinet that has designated the land as special purpose. I can't see how the province can defy the cabinet, otherwise their actions would be deemed illegal by central government. Yet the sceptics on here talk about it as though it's similar to a local authority here in the UK making a decision on whether to grant planning permission or not. I don't think it's anything like that.
Mr SS you already have share in pocket. You can relax until news without stress of running afte stock with final signature RNS lol.
I am same with holding build up & now just wait for RNS release. With Central Govt, MMHI, MRPAM and Land Agency backing with full legal backing also I am very comfortable 🦉
Sometime good to try to see reason behind moves.
All other spike call short of permission to move to PRODUCTION / REVENUE.
Local govt signature will be key to PRODUCTION which will open up VALUE. Also like other say we will have ROLLING NEWSFLOW link to this.
Reason for spike /fallback & reason for price build up link to production / revenue.
Also think will attract larger holder imo who want to benefit from cash generating company with massive growth potential. This in place to attract committed investor to replace short term trader.
🦉
Shortshrift
"I honestly don’t know why you would continue to hold and hang around the stock telling us how terrible things are. Invest in something that isn’t terrible. "
I would guess the answer to that is that most who post on here and have shares are probably well underwater, so why crystallise a big loss ? My average is 4.1, and it's galling to know that I sat on a very handy profit back in May, but didn't take it back then. The last few years with MATD has been all about sudden spikes followed by just as dramatic falls to say a third of the peak of the spike. The risk for people like me is that the next spike will follow exactly the same pattern as the last 7 or 8 years.
I agree Short but can't help thinking that service stations without petro will encourage all concerned not to take too long to decide.
Mongolia is building an oil refinery.
Mongolia's fuel supplies are erratic and problematical.
Mongolia wants to prioritise domestic oil production.
Petro China in the bad books.
Petro Matad/Heron declared of 'National Importance' and the law was changed to remove obstacles to its development.
Regional opposition can now be legally overturned although they now appear to be minded to cooperate with Petro Matad.
I think this will happen next year.
3p a share.
Bargain City.
Magnai Trade Co. Ltd. sued for 2.5 billion MNT, claiming that it was damaged due to the failure to conduct drilling in the area of ​​​​Choibalsan Sum.
In 2010, the company signed an agreement to share oil products in an area called Bayantumen 17, which covers 7 sums of our province.
In 2019, the governor of the province issued an order to vacate the land, considering that the company used the land without permission and placed a drilling tower, a large number of containers and equipment.
In accordance with the law, the dispute was reviewed by the court of first instance of the defendant's jurisdiction, the Eastern province, and the decision of the provincial governor was justified. The plaintiff filed an appeal and the dispute continued for 3-4 years.
Also, in the past, the land of the fuel distribution station, which was located on the main road after the Iveel quarter owned by the company, was also released, which was a decision for the public interest.
Not sure I ever said that BP.
Someone else might of of course but it's important to be guided by your own beliefs rather than others?
Did they have Project of National Importance status pass by Cabinet Approval?
Did they have Central Govt direct involving in discussion?
Maybe look little more carefully sir to decide if what you say is Wise or not.
They waited for 5 years but are operational in 2024. Read the story. Exactly the same situation.
They were in the same position and were kicked out of their field in 2019. But they ate wise and got compensation and the LP.
PM still on a rollercoaster ride.
Magnai Trade submitted this case to court on the 17th of August . So didn't take long .
RNS and LP before the end of next week for sure.
There we go BP!
Maybe you should ask how long legal process will take? How many year you think sir?
Is this REALLY what you suggest??
I think now Cabibet approval secure let MRPAM deal direct with local govt to get final signature.
Be Wise 🦉
Researchandhold said //BP is like a stain on humanity//
//Probably give it a few weeks after the conference?//
You guys! Always kicking the can down the road - what happened to "RNS/LP next week, tomorrow, Monday"?