Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Dear MB
I know the majority of us are classed as small investors and merely treated as minions - but that term is relative subject to how much each individual has invested into Petro Matad.
If MB had a CEO leadership skills, he would have by now provided an RNS update - even if only to calm the respective nerves of ALL investors.
I know there are some on here who frown and make insincere digs when someone has a negative view about PM - but for the share price to have plummeted as much as it has - then I think it’s fair and proper that we ALL should be concerned.
Regards.
Well this should of been sub 1. Long time ago. Why is it taking so long
Deramp crew at their best, lol,
Sadly I think its just the facts speaking for themselves.
PM need to issue a really good reassuring RNS right now!
No doubt the next rNS will be a placing!
Dear iamrich
Grow up… !!
It’s not “de-ramping” …
It’s called having a genuine opinion and concern.
From what I gathered we should have enough to see us through till spring next year from the last raise.
Hopefully … a LP will have been granted by then.
GLA
Totally concur,
I’m exactly 50% down and shocked at how poorly he has handled the situation it beggars belief really,
If anything be man enough to relay what is happening and update shareholders
What is happening with the equipment which was on route
What is happening with LP
What is happening with locals
What is happening with the government
These are all factors which by now he should have some material update
GLA
seems we are there now at the point where we need luck to get us of this …as ceo seems incapable for whatever reasons
I agree. Matd’s handling of the current decline in the share price has been sh*t. Absolutely no doubt about it, but the decline is also down to the worst scenario theories promulgated on this board by so called investors in this company.
I have mentioned before that this company was formed by their parent Petrovis who by all accounts and by their own admission are the largest oil distributor in Mongolia with 27% of the share. They have over 400, what we refer to as petrol stations in Mongolia. They are a successful company and despite the problems that are currently dominating Petro Matad and their situation going forward, there is no way that Petrovis are going to allow their baby to just wither and die.
I applaud the efforts of shareholders here doing what they can to influence the British ambassador to step in and highlight the issues facing Matd, but ultimately and most definitely, local access will be granted as Mongolia have taken a billion dollar loan to build their first refinery, which will remain redundant unless it has oil to refine.
Once again it is a waiting game. We are now not too far from the share price when Shell withdrew from the Joint Venture, when we had no oil.
By the way, what an awesome price to buy in at now. Local access will be granted at some point and there is no way Petrovis will let us wither and die, unless you believe that they can’t support their investment in Matd when they should be making record profits in this current bullish oil market.
I wonder if you made an effort to write to BE, MATD, etc or not?
I wish you could/would support your argument!
Rewards V Risk again!
Tell us what happened to equipment?
Why MATD staff raised their salaries?
Where has MB been in the last 3 years? Where is he now?
Why MATD/MB hasn't been present in any Mongolian oil/mining fair?
Where is all the rubbish support MB has been talking about?
What happened to all advanced talks mrceo has been bluffing for years?
Who has been the blue chip fat investors?
Where have been the so called locals when MATD spending millions digging the ground looking for oil?
Where did oit of blue come these so called environmentalist?
Etc etc....
Any descent CEO would have reacted to all rumours/ uncertainty/ share crash by now says it all!
Now telling us sweet dream and bright future.