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Simon, wouldn’t it be easier to fly to Las Vegas and have a good gamble over there?
Much warmer too
You may be right, Hamm. But I would rather go ahead and try by whatever means available to try to clear up at least part of the huge number of questions that have accumulated than just sit and wait. After all, and as you rightly noted, there is "Not much of decency" and hence guarantee that any new information from this fraudulent leadership will not be as false as they have always been.
Manro, I was just kidding. He goes there to do what?
Bewley was there! What did he do? considering he is Mongolian I guess or he must know the language and some connection he claimed he had!
I reckon we should leave till next year or so if ever happens. No sign of the 'CEO'. I guess he is hibernating now or perhaps he has been in the last 3 years.. Not much of decency if any.
Hamm and specially Ojay, you are offering Simon to travel but would it better if one you join to him? And what about financial support for such time and money consuming trip to travellers? I personally ready for support. Are there other LTH ready for it too?
Simon, you seem the right guy to get there and find out what is going on.
Simon: You're never too old to do what you believe is right to do - even if it means travelling to Mongolia.
Like many on here I’m slowly losing patience with the company.I think the only way to really find out what is going on is for one or more investors to fly over there and report back.I’m too old myself but if anybody is prepared to go it would us all a huge favour.??
later. Oh well, let the other investors cash in - and that's exactly what they will.
thought exactly the same.
Agreed. Slim chance if we get any news even next year.
There'll be no activity in the field untill next year now mores the pity. Any news ain't going to change that imho so I will be holding out for next year because I ain't selling up at a loss and hopefully a full scheduled program and hopefully Velociraptor is on the cards, waited over 5 years for that. Time to hunker down and see this winter out. GLA
That is the big question, but nobody seems interested!
H1 should have been the first one drilled. Perhaps they knew that LP never been issued!
the problem won't be solved when MB is gone. My question is why they didn't drill there in 2010? the chinese had already found oil there over the border.
Agree. In an ideal world that's the way it should work (particularly if MB/PM were in the position to make pre-announcements). Unfortunately AIM is not an ideal world. Rest assured: I would like to know more as well - full stop. But it is how it is.
Good luck with your "questionnaire efforts" to PM.
Ojay, We have been here for years thinking we finally get somewhere. they need to communicate to prevent speculation.
give us some insurance that if not this year next year MATD would get LP. I don't think it is professional to keep us in dark!
Hamm: Maybe, just maybe MB is sick and tired of making pre-announcements that make investors feel good. To me it looks like PM is subject to developments and decisions beyond their influence and control. So what should they communicate? Stuff you already know?
Why do you think it would be different next year?
We have been in this situation for 3 years already!
MB NEEDS to come out of hiding telling us why if not this year then next year we will get LP?
An other paid troll and all sheeps agree to wait for be sheared or slaughtered.
Ostraliamate another great post and seems the majority here agrees with you, yes patience needed to see what the outcomes are for this year if not then it's next year, and we have had a update a month ago, via RNS but some here want one every week wow lol, anyways there will be further updates soonish
Dream on!
Have been here 10 years or so!
Patience!
I wonder who employed/ hired FA to post all 'analysis'?
Not too much asking for update! 2 months waiting for equipment doesn't seem right.
Have noted some of the comments below . I'm not sure your expectations of the company line up with reality. The company gave a very details RNS which outlined where its at. Unless there has been a material change, they are not bound to RNS anything else. In reality now we are this close to the end of the year I think its most likely that we will get the access issue sorted amd the gear on-site with a delay to exploitation until early next year post winter shut-down.
Always hopeful of a positive surprise and its still possible that we can get Heron producing before winter or even through winter ( if we have access to heater tanks and trucks which are required due to the waxy crude.) Its not inconceivable that DQE or Petro China have these in situ.
I like the fact that the company only RNSs when necessary and avoids any ramping language.
The company is no doubt aware of the timeline delays and has outlined the multifaceted process they are doing to achieve the required outcomes.
It is frustrating but it is what it is, the big picture has not changed amd is still absolutely amazing.
Patience will be rewarded for investors.
Totally agree that the main issue here that most investors have is the total lack of communication from PM. It's actually appalling and an insult to investors.
Well said Dazz. Regardless Bad or good news we should have informed. Hiding doesn't erase the problem. It only gives us more frustration. MB needs to be level with shareholders. I wonder if the so called blue chip holders have been informed? If they really exist! The only time they come to us is when they need money. That isn't fair, us it?
Come on MB show us some decency.
…..most of us on here are now getting utterly frustrated with the lack of communication from Mike Buck (MB) and Petro Matad.
If they were truly a professional company, as per their own governance rules - then they would be providing updates to their shareholders.
Some may not agree, but MB and Petro Matad are sadly now starting to come across as an un-organised company, with little professionalism and indeed its beginning to look as though they lack any skills in this type of industry.
Very concerning……