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Ojay, I reckon you need to get a pick and shovel and back to work soon after you lost all your money here!
Enjoy the crash,
Hamm: Why is it that you never place your questions at the source? Are you afraid of the responses? It appears you are just one of those chickens. Good luck with that.
Don't worry about it Hamm any good news and you won't be able to get a word in edgeways then watch out for the rampathon :-)) GLA
If MATD didn't have LP then why on the earth MB was too hasty to get placing done for one third of the price?
Why MB didn't clearly said MATD has Ni LP and we can't do anything till the law is changed?
Why it was ok spending millions in the last 10 year or so knowing there is no permit?
Didn't Mongolian/MATD know there would be s BIG problem?
Rampers, come on!
What happened to your favourite guy FA?
where has been hiding? What new name has he now?
Enjoy your day guys,
Still don't know if the Heron oil discovery has been benchmarked as crude, light, sweet and 40o nothing like what PC have brought up. Thought that might have been sorted by now.so much news on so many fronts, and all dependent on the issuing of the land permits. GLA
I say: Only the patient ones wil reap the incredible rewards.
From what i can tell everything hinges around the Land Permit deal with out that we might as well have all the oil in the world but nothing we would be able to do.
The Chinese method of negociating is to procrastinate and go round in circles in the hope you will give in and get bored and give them a great deal and you obviously a lousy one. That will continue until we have something they want and that is the oil and at the moment we have the oil but cannot get near it. Until that Land Permit arrives then they might sit up and pay attention and start to negotiate seriously. So yes i am not surprised there are no results from any talks until they know that we have that permit. As to the Mongolian Govt they are doing things in their own way in their own time and nothing is going to hurry them.
Finally half pay for the board. I vaguely remember hearing MB say that the board was taking half pay sometime ago. Now whether that still stands i am not sure and also would think that if they were back on full pay would it not be announced via an RNS.
Do you really expect the Mongolian parliament to drop everything to prioritise Petro Matad shareholders ?
And do you really believe the management actually want these delays or has any power to determine the Mongolian parliament's work schedule?
If yes keep moaning
What happened to your memory mr long term memory?
Early Q2!
LP has been granted!
It is just a 2 week workover!
All the material is at the site!
Advance talking!
If / when MATD finds oil, big companies fighting for farm in!
Etc etc.
Always talk talk and never walk walk.
Enjoy your day guys,
... the last RNS was only 4 weeks ago and detailed what the issues are and what we are waiting for.
Short term memories?
The way it goes 1p is on the card and massive placing!
Thank you MB.
but advance talks hasn't hampered yet!
Guys must be really talkative!
So nothing has changed then, still the fat cats being paid full wages for what now would appear to be another wasted year. Laughable that the only time we get any sort of info has to come from shareholders badgering the company for some sort of response and we now know they do monitor this chat board. So that said yes Mr Buck we are frustrated to say the least so how about some Comms from you on were we are at with progress or the lack of would be nice? Anyway GLA we certainly need it!!
The question is why haven't managed to get local permit in the last 3 years?
What is their plan to get local permit?
Why don't MATD cut their salaries if they aren't not doing anything?
Where is MB?
I thought they said all the material was at the site!
Why can't matd pay premium to get contractors from Russia!
They just have excuses after excuses!
What is the terms and conditions with government?
Who are the fat blue chip investors?
???????
MATD has never been level with investors! Fact
Guys,
Hi guys
I rarely add comments here, but watch avidly the comments, both in terms of positivity and negativity.
I believe we can all agree we are frustrated with Petro Matad.
Their communication style to investors is beyond contempt and very unprofessional.
As such, I attempted (several times) to get information back from Petro Matad’s investor relations team. Eventually I got a response.
I have copied and pasted as follows. I’m not sure whether this makes us feel any better, or just confirms we are dealing with a totally unorganised outfit.
Response as follows:
“Thank you very much for your enquiry.
The Petro Matad team continues to work on progressing the land access issue, which we outlined in our most recent RNS.
Regarding Covid-19 restrictions, Petro Matad is pleased that there has been some easing of restrictions in recent weeks and is ensuring that these do not hamper our communication with DQE or other parties.
We would note that those few operators that are currently active in-country are doing so because they have the necessary locally authorised permits and do not require the materials and deep drilling expertise that we are importing from China.
We are of course aware of shareholder frustration and are looking to use retail shareholder platforms such as LSE that we know our active followers use to update our investor base and will continue to use regulatory RNS’s when necessary.
Best wishes,
Petro Matad “
All staff salaries should be cut,
MB should go back to Mongolia,
MATD should offer locals generous help to get their permission,
Premium should be paid to a non Chinese contractors.
Hope it wouldn't be too late for a 2 week workover yet!
Guys,
It is certainly looking on the bleak side. 5 trades today, not exactly a thrilling ride at the moment. Even the workover is looking like it could be next year, hope not but will wait and see, GLA
Its August next week and no sign of rig, oil etc. Do we think it is time to contact Interpol and report a missing person ?
This is going nowhere.
We are all being taken for a ride
This really has been a case of Jam tomorrow with this company. I am heavily invested in this and have been for years. I got completed bent sideways before and during the placing. MB gives all the excuses on, the Ministry of mining, chinese border shutdown, covid and local area licenses etc etc.....Surely Lets be honest....Its all do with Mongolias own refinary that the Indians built and gave them 1 Bill for due to be completed 2024. Until then, this is going nowhere. What exact work has been done in 2 years? What are the overhead and administration costs for? Why are half salaries not been issued, or simply bottom payment retainers? This dog needs to get its arse in gear and move to 20p range and get into production. Oil is a commodity of the passed and i invested here when they announced never seen before flow test results and commercial discoveries. Since then, drip by drip the Chinese are pumping out the pool and this is left holding a bag. Very poor choice of company to invest in from myself, but fingers crossed if a spike does come, il sell up and not return again here. Frustrated and fedup......Oh watch china and Twain....could be another border restriction by 2024.
Agreed let's all take a break and reconvene end of August . Until then take care all
Horsers: Likewise.
Looks to me as if you and your buddies are at wits' end. I pity you.
BTW: FA is not my "good friend"; however, I find his posts factual and useful - as opposed to your and your buddies' made up posts.
Have a great day guys (as Hamm would say)
Could easily say the same for the likes of you horsers, and the other derampers. Why dont you all take a break aswell
Ojay. Take a break fella like your good friend FA. You will be better for it . Switch off and maybe next year we will all be in luck
Hamm: So that is your plan of going forward and your response to my post of last Thursday? Well congratulations! Elegantly avoided to admit that you - like your buddies - are unwilling and incapable of stepping up and doing something; so its the usual crap, just talk and nothing else. Non valeur.
What a waste of time.
Ibiza28 - there are a lot of unknowns (too many?) to arrive at a definite figure. One thing is for sure, using $100+ per barrel as the amount PM will get is pure fantasy.