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Adilla: Agree - prudent strategy.
BTW: You do't fit into my definition of "chicken" let alone spit roasted dead duck.
ATB
Lambo222 what are you talking about.
You have zero idea clearly as we don't need to "drill" any wells to put Heron on production. We can potentially still put the well on production this year but if not and the permits are issued we will be able to get going in late Feb early March not "six months" as you say.
The main issue is the government needs to sort the issue of access, they have indicated this is being done at a high level (confirmed by the UK ambassadors comments that they are aware of the situation)
Don't sell your shares to these sharks . They are simply trying to buy cheap shares when they know the upside is many thousand percent in days or weeks or a few months.
Nice try though, I'll keep buying , currently approaching MB's holding level and happy to keep buying as many as I can. With a view to 10p on access news and 50p on velocoraptor success.
Looking forward to watching the derampers crying with their 10 shares whilst we celebrate the billions of dollars of oil we have, being refined in Mongolia. A win win.
Cheers
Ojay, the way I see it. If the SPC comes in the share price will shoot up. I have an alert ready for news. This means of course I won't catch the bottom price, but I do know that I will get in low enough to make a profit, as such news will be game changing. The share price may even rich that mythical 50p projection. I can also sleep easier whilst waiting.
I don't know if that makes me a chicken but if so, that's fine with me. I prefer to be a live chicken than a spit roasted dead duck.
Well Adillathehun: The market obviously says we are facing a "wipe out". So what do you want to do now - follow the trend or move against it?
Investing - particularly on AIM - is tricky and you've got to be prepared to make a loss (or a huge win).
That's why I keep referring to the "chickens".
The Mongolians don’t want any oil drilling to take place on their land that’s the issue, it’s like in the UK when there is opposition to fracking local councils have final say and this is what has happened to matd, the local government has rejected the land permit application time and time again, and the government don’t want to go against that decision it seems so MB needs to be honest and maybe cut their losses from Mongolia and start someone else to try rescue this company, sub 1p it’s worth a punt as they have $5m cash to maybe buy some new licenses in a different country and start again
Is what it is, feels like being held to ransom. 50% down now, not good but all one can do is live in hope. GLA
The only time to buy here is when MB reveals the truth via rns that no drilling is now possible for at least 6 months due to the weather and they are no closer to getting a Land Permit, obviously if the permit is refused then MATD have nothing at all, maybe worth a buy when it falls sub 1p but not at these levels
Some guys are deaf here to believe that silence from MBis justified.
Guys, always bad news comes late and good news is fast!
No news is very very ugly news here. Waiting for a big crash.
Hope I am wrong.
I would rather buy back in at 10p with the SPC in place, than buy back in now, when we could face wipe out.
Positivevibes: Right on!
One thing seems to be clear (since a couple of days): The chickens are leading the way. So whoever wants to follow the chicken run - be my guest.
I am looking forward to the next RNS as I'm expecting the Special Purpose Certification from the relevant ministery.
We get a couple of hard core posters spouting doom, gloom & illegal activities and whatever else they may come up with but we all know why they're really here.
They wouldn't be posting exclusively on the MATD board (and no where else) if they didnt know that the share has the potential to push a massive multiple on the current price level.
As they try to convince others to sell they'll be positioning themselves to jump in.
Great post Ostraliamate on Mon 10:55
Bear in mind we ALREADY have the oil which massively derisks the investment.
The local committee aren't the avenue being (seriously) pursued by the Petro Matad as some want to focus on. The main drive is via the Ministry as per the header with which the company are well placed.
You may want to look at the 2023 State Budget of Mongolia to understand how much it needs the additional revenue provided by companies like MATD and others. The Ministeries will be aware of this.
Forget the truly silly comments re: Mike Buck supposedly trying to fleece people which the more s*lly posters here are trying to promote.
As the header expect tones on the Special Certification shortly which no doubt will catch a lot of people out. That's the key news and not whether Heron is actually worked over this year or next.
The oil isn't going anywhere in the meantime so less of the hysterics, lol
You'll notice a lot of the intraday dips are being brought into by those not so easily influenced by the hardcore nutty brigade.
What I don't understand is why not get the LP sorted while they were waiting fro EL.
blind leading the partially sighted. B
We probably know more on how to run a business than this plonker who has failed in all departments.
I think it will most likely be "We are still applying for a LP to be granted" .... So nothing new there.
That's if we do actually hear anything soon. 2023 will be when we have a much clearer picture by the looks of it.
Keep our fingers crossed and hope for the best though.
GLA
Yep Mike is on over $350k a year, disgraceful, huge drop on the way here when the truth comes out
I’m not excited, modest wages. Where do we found out what the wage bill is? Was it in last years books?
The wait is mind numbingly boring... but with all the Covid news is China I'm not particularly looking forward to news RNS
RNS! FULL SILENC FROM MATD/MB!
PM's SP has been jumping up and down quite a bit since I invested in 2010. So don't let the share prices Hamm refers to get you confused. Just to show that those prices are by far not respresentative, let me give you a couple of examples:
- In July 2016 the SP was as low as 1.73p
- During March 2020 up to May 2020 the SP moved between 2.15 - 2.4.p
- On May14, 2021 the Sp reached a high of 8.05p only to fall back to 2.83p on August 2, 2021.
Trading this share is nothing for beginners and most investors have probably lost out (and are therefore frustrated as hell).
Yes, PM's SP was @£2.10 in 2010 and 35p at the end of February 2017. There was a lot of hype going on in order to get it there. But those times are over.
ATB
The share price used to be over £2, then 35p and just before placing 10p or so and now nearly 1.5p says it all.
Still guys talking about rewards V risk. For 3 years MB/MATD staff get well paid for absolutely doing NOTHING.
Shame on them and more shame on guys who support them.
$350k a year salary for doing what exactly?? If he’s that confident they will get a permit then why not take his salary in shares….. the truth should be out soon, $5m cash so may be worth a punt around 0.75p once the truth comes out
'I am still firmly of the view that our local access issues, the one last step in this long winded process will be resolved before the end of the year.'
Since you like your post as a reminder!
Good to see the same old peanut gallery are still here.
Good time to repost my post from a few months back to break cycle of doomsday prepers.
I am.surpirsed you are not just posting to each other as most sensible people would see through your relentless negativity.
Here goes.......... take 2
Hi all,
I think everyone just needs to chill out. NOTHING has changed.
The board are not going to take a brief case of cash down to the tent and buy a one off license. Perhaps how this was done previously, perhaps not. The sensible and measured approach is to fix the issue at the government level so that future exploitation isn't held up unreasonably. I have seen nothing, nor heard anything from the company contrary to this.
MB made it abundantly clear that they wouldn't go in without land issues resolved, I don't know why there is this select groups of people than slander Mike and the board. It's pretty poor form and obviously designed to manipulate people into selling.
The frustrations and the process has been clearly defined and the outcome will be positive, but may take a longer time than you want. That's investing.
Comments about Mike and the board saying they are crooks and all the other comments are just from people that don't understand the process or are not happy with the timeline.
The 4 of you can get together and write a letter, I'm sure it will be great reading and you will all feel better about yourselves. Do you really honestly think the board will care, highly unlikey.
MB has clearly outlined the process and the reasons behind the situation and at face value this should be enough for all investors to have comfort in the very bright future of MATD
To clear up a few other misconceptions. Petro china can't get to our oil, so it's not going anywhere. There is still a billion dollar discovery sitting there , ready for us to access when the permits are issued. This is from one structure and not our company makers.
Secondly the board and the small team of staff are on very modest incomes from the company and have been extremely frugal with our money.
This is a patience game, if you don't have it you can sell your shares and move on. Bagging out the company achieves nothing when generally speaking most of the rubbish on hear has been debunked about 10 times in the last 12 months.
The access will be sorted. In reality, as weeks move by, the exploitation may not happen before the winter period this year. Its really not the end of the world, other than being frustrating in terms of timeline.
There is still 2 months in which the access could he sorted and the equipment and people required are mostly in country or at the border as at 3 weeks ago.
Everything will be worth the wait and it's exciting times to be a shareholder.
Looking forward to the next RNS or update to see what progress has been made
Hamm: Always when you don't know the answers - you shift into speculation mode.
As I've mentioned before, PM has made me more money than I invested - so I'm looking good. How about you?
Sorry to disappoint you.
Once MB announces the true problems here with the land permit and the real risk that MATD may be refused it permanently on environmental grounds this is going sub 1p, no activity possible now due to the weather for at least 6 months, when the rns drops revealing the truth Shareholders here could be wiped out
Hamm and badpig are just two idiots on here trying to manipulate the share price for quick trades or they are seriously been hurt by the CEO not responding to their emails