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Ojay, I reckon you must be dead scared loosing all your money!
You may need to back to work if you find one.
In MATD we shouldn't have trusted.
Sold on Friday for 1.75p @15.08 for an amount of 56,500 shares (value: £988.75)
Was that you BadProphet?
Hamm: You may want to check your grammar.
And BTW: Speak for yourself, i.e. don't use the word "us" unless you can name the people you refer to specifically.
The only sell on Friday for 1.75p was @15.08 for an amount of 56,500 shares (value: £988.75).
It is sad to hear that guys have to sell with heavy lost. However, He might turn out to be luckier than us if we lost the lot!
Guys,
@Badprohopet - Which sale was yours on Friday then? How many shares? Didn't see any huge sales in there ....
No one is trying to bring this down. MBs incompetent has made us all poor and has had an affect on the SP.
We are all frustrated that this guy who is getting paid for doing absolutely nothing since 2019.
Unfortunately this situation reminds me of ATC. The CEO and the Co got the lot and ran away. They were the majority shareholders. Adam and Best. ATC left the uk market and considering the price of coal is 10 times more we get nothing but a package every year telling me of their success!
Hope I am wrong and we get lucky this time.
I'm OUT - sold on Friday at 1.75. 65% down but better than the total loss this will become. Couldn't take any more BS.
I bet some of you aren't even invested here and trying to drag the share price for a better trade, haven't seen anyone trash talk Thier own investment,
Anyways no one knows anything and we await the next update
Has anyone seen the clip where the woman (environmentalist) trying to get hold off the governor about Petro China and she gets thrown out from the office.
I recon the governor is on PC's pay books. Why would he not even speak to PM about the land access.
Surely he has to stay neutral and work out a solution and not avoid talking to MB.
Are MATD/MB going to break their silence?
Are they going to give us shareholders any re asurance?
Are they going to give us any clarification?
Needs to be seen!
Guys, have a lovely sunday.
Ojay, Where do you find these expressions I wonder. Very unique. Lol
Have a lovely weekend guys,
you can always find a way to make share holders start sh*tting bricks.
Interesting.
ATB
Don't forget advance talks and farm out nonsense for years.
PC controls that part of Mongolia . I don't think MB has a chance against big boys
Personally MB talks crap.
He's famous quote was ." When you find something come and see us" . Nothing came out of that
Brown paper bag of cash I bet and that's why I bet they can't get consent now because a much bigger paper bag of cash is required and PM and MB have said NO. The Eco woman has posted that a certain person was paid $400k by PC to facilitate them in some way.
I seem to recall when Gazelle, Heron, Red deer were being drilled - there was a last minute hold up but then they got consent to carry on so, how did PM get that last minute consent to drill Heron?
As long as we have got the likes of Ojays here praising the cheat man MB, what would you expect?
MB gets $350 or so+ all the board sucking investors hard earned money for years!
Silence of these bastds is just indicative bad news.
Petrovis don’t hold 32% they hold 21%…. If the gom continue to not support matd then there is a real risk of matd been kicked out of Mongolia imo in which case investors here will lose the lot, all the time Mb collects $350k a year for doing sfa!! Why are shareholders here not demanding he take his salary for doing nothing in shares instead of draining matd of $350k a year?
Bla, bla, bla.... but still 3 year waiting for LP and haven't got yet!
And absolute silence from guys who have many international experience etc etc.
None of the titles has helped yet!
All PM has is the EP*. If they don't get the LP or the GoM decide to backtrack on the EP there is nothing to stop someone else moving in.
* and possibly some equipment lying rusting in a field
Petrovis is a 32% shareholder of Petro Matad. Petrovis is still a significant shaeholder who will want to see a return on their investment plus Enkhmaa Davaanyam is CEO of Petrovis Group, Mongolia’s largest fuel supplier still sits on the board.
Enkhmaa Davaanyam is Non-Executive Non-Independent Chairperson of the Board of the Company, effective 1 August 2015. Ms. Davaanyam was previously a Non-Executive Director of Petro Matad and has agreed to take on the role of Chairperson. As a Non-Executive Director, Ms. Davaanyam was instrumental in concluding the recently announced farmout agreement with BG Group. Ms. Davaanyam is currently the CEO of Petrovis Group, Mongolia's largest fuel supplier. Petrovis is a 32% shareholder of Petro Matad. She has over 18 years of international experience in financing and risk management of mining, infrastructure and energy projects.
I don't really see Petravis pulling the plug on PetroMatad plus it would be a very poor advert for further internatinal investment. Time will tell.
//the question of whether PM will still be around to supply that oil stock is moot//
Its a concern on two counts imo.
One is if PM runs out of cash and cant raise further funds
The second is that exoloitation licences contain a revocation clause. What if another company is more acceptable to appease the locals to get their "buy in" Then what?
//Lets not forget the oil refinery will need oil stock.//
True, but the refinery won't be up & running before 2025 (IMV) and the question of whether PM will still be around to supply that oil stock is moot.