The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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The Sp hasn't been down this low since the dusters in 2018 . I can't see the market trusting MB with his full on crap he talks.
He said he will be knocking on big boys door once discovery is made.
Nothing happened
He talks the talk but has no clue. Just watch some old interviews and you will realise this man I full of crap. Not a someone who can deliver.
Amazingly all the rampers the like of FA, Mr positive etc disappeared.
What happened to all risks V rewards analysis?.strange, sad.
MB/ MATD should be ashamed of themselves. All our hard money is wasted!
We certainly need a miracle.
Time will tell.
Guys,
I am a heavily invested LTH (over 6 years) and read the share chat everyday. This is my first post for a long time and I have gone from being patient and optimistic with this investment. But now I am beginning to get seriously worried that all might be lost. What if Mongolian government is grinding PM into the ground so they can extract the oil them selves at a later date.
Going from bad to worse! MB needs to come clean about whats going on. The delays were baked into the price before the results came out. Something is going on in Mongolia and Mike Buck is choosing not to inform shareholders.
If MB gets his fingers out of his back side you could more than double your money from here.
Tempted but need some clear confirmation on what's going on with the land access
Don't keep looking at new in Mongolia. It's pointless. I used to think it I'll effect SP here but nothing will change.
PM management has altogether disappeared and wasted another year doing jack. And getting 2.5 mill in wages
It's been a total clusterf&ck.
12 months on from EL and here we are with jack **** going on. Looking forward to 6p ( if we ever get there again )and I'm out with my shirt and a bit of profit. Will just have to continue to ride it out but i have the time fortunately.
Expect heavy placing next year if Heron 1 doesn't start this year!
1p next placing if not less!
Sad and bitter!
Have a lovely day guys,
yes jimi - some of those predicting PM oil revenues (IF we ever get any) at $100+ per barrel seem to have conveniently forgotten that GoM might like to have a share of that!
While we wait for the new revised laws. 1.6 Fees, expenses and product sharing
The Petroleum Law sets out the different fees for petroleum exploration and extraction. These include:
Licence fee
Exploration licence:
• US$ 3 per square kilometre for initial term; and
• US$ 8 per square kilometre for any extension period
Extraction licence:
• US$ 100 per square kilometre for initial term; and
• US$ 200 per square kilometre for any extension period
• both fees payable annually;
• fines if fees not paid on time
Royalty fee
Oil and gas:
• 5 - 15 percent of extracted crude oil and gas
Unconventional oil:
• 5 – 10 percent [of extracted unconventional oil]2
Recovery cost and cost oil
• the recovery cost will be the cost oil in the amount approved by the state audit and
agreed under the production sharing agreement;
• the cost oil will be up to 40 per cent of the total oil after deducting the oil used to pay
the royalty fee; and
• the applicable amount of cost oil for unconventional oil will be determined by a specific
regulation
Product Sharing
• profit oil will be shared in accordance with the terms of the production sharing
agreement, this from the 2014 revised Mongolian petroleum law. May explain a little of where some of our money has gone that and there wages. GLA.
Given the progress made by a number of others this year I truly believe there is more than meets the eye to MATD’s failure to secure a rig and deliver as expected. If this is indeed the case then the company are obliged to inform the market. Not to do so may render them, including company officers, liable to regulatory action. There is certainly a case for increased scrutiny of the alleged reasons for lack of progress this year.
I think we need account of where the money is gone. Its not as if Matd is employing 100 people.
So far they spent 5.3mill on nothing since 2020 to 2021.
I remember they had enough money to drill another well in 2019 and then all of a sudden no money and had to borrow from petrovis .
Check the interviews from 2018 2019
They should be fully funded as far as my understanding goes. If they're not, then MB has some serious explaining to do regarding what those funds have all been spent on since the last raise.
Hi guys,,it’s my understanding that matad is fully funded for the next 2 drills and has a lot of excess cash leftover. Is that correct or am I wrong? Why are people talking about another raise?
I'm earning my money I like the job just possible it could take me a few years to sort it, all aim the same virtually should keep the money in our pockets to waste.
I don't think the locals are against PM. Its simply that the woman and her cronies film and photograph everything stating this person is a traitor, they are the slaves of the Chinese, they are allowing your land and wealth to be stolen and insulting your ancestors (and so on ad nauseam) then upload to social media with the person's names so that others on social media can verbally attack. Under such an oppressive atmosphere people are too frightened to argue, so I'm not surprised they are too anxious to agree to the permits locally. It needs to be taken out of their hands pronto ... for their sake as well as ours.
Wven if MB can organise the rig he has no chance of getting permission from the main government. Definitely not from the local.
Has anyone seen Matd doing community service . Picking trash in matad soum.
Even though over the years MATD has contributed so much money to locals they are still against MATD. The biggest culprit is that woman on Facebook . She gets everyone together .
Nearly 3 years on and still the same issues. Maybe of interest 06 Jul 2020 11:03
Reposting this,
Petro Matad appealed to the police to hold the company accountable
2020/07/06
Petro Matad, which carried out illegal oil exploration in Matad soum last year, has been strongly opposed by aimag and soum authorities, as well as citizens and civil society organizations. As a result, the Aimag Governor issued an order to forcibly vacate land A / 600 in 2019, and on December 11 of that year, Matad soum organized the land acquisition. The governor of Matad soum, E. Tumurbaatar, said that the company would conduct an environmental damage assessment and rehabilitate Petro Matad. Matad soum has appealed to the Dornod aimag police regarding this issue. In particular, Petro Matad LLC was investigated and prosecuted for environmental crimes under Article 24 of the Criminal Code.
© 2020 Jaran.MN |
I would love to know how he managed to raise 10mill.
Knowing what I know now. I wouldn't put a penny here.
MB is a total failure and he has been blaming everything else but himself.
Look back and you will realise that he messed up by drilling without the local permit and them took the Governor to court and that is the reason why they are not entertaining PM .
He didn't even tell the investors about the land being revoked in 2019.
It's only when it was on Facebook we found out.
Its nice to see that at last more and more people here starting to realise who is this fraudster CEO and how he is stealing our money.
We must let him know that we will not tolerate his lie and deceptions anymore. And if he will not urgently change his ugly attitude towards the job and get some substantial results including this year Heron drillings than we will report to SFO about his crook activity.
MB can be a news reporter for Mongolia because we get news in RNS and no progress.
He thinks people are stupid and not realise that other foreign companies have had no issue with rigs or land permits.
I don't trust them. But the gamble was they either sort a rig or they dont.
Ill leave my investment anf see if anything ever materialises. But i do think MB needs to go, delivered nothing.
Can only blame covid so long. There as bad as the UK government
Whatever money is left would cover their wages! They have big,dip pockets!
Another placing would be expected!
1p? Or less? Who knows?
Who trusts them anymore!
Enjoy your day guys
2020 loss and 2021 loss. Read the last RNs.
5.3 Mill wasted for sitting around.