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I’m absolutely relaxed about this whole situation. There have very sadly been a small number of people out of fear of scare mongers have sold. Now there’s another opportunity to buy sub 4p . I’m sorry for those that have been scared and sold as I’m sure in the short term that will be a huge regret . Strong buy and await transformation. Good luck to the honest and true investor who holds MATD and indeed adds to their holding
Month 2 of Q2. A bit of a shake this morning. Investors losing faith and a lack of impetus? Waiting.....
Even if the noise regarding the Soum issue is not a strategic problem for Matad it is now information that is in the public domain, and on the face of it material.
I believe Matad should address the issue.
If they are engaging with local government and still having difficulties they maybe should ask for help.
Hamm dude you must be desperate to buy in, in May now so getting closer to the big RNS
Unfortunately whenever they keep quiet it means bad news. Good news always comes fast.
Now the probability is if we get to 2p or 3p?
all IMHO
Guys,
MATD has no local permit, please check RNS . It is there in black and white.
The reason that MATD hasn't started workover yet says it all.
Any descent company would have issued an RNS if all the noise in FB were just rumours/gossip.
MATD has been always cagey and never been level with PSh.
IMHO
Maybe everyone has left MATD and there is no one to put up an RNS
2 and a half months since the last operational update, we are overdue an update generally imo!
I note there seems to be a condescending attitude towards some posters keeping us updated of the developments with regards the facebook posting of local protest groups; I for one am grateful for any member who takes the time to both research and post information, even if I don't agree with their personal conclusions as to what it means for MATD.
I'm optimistic with MB reported as being in country that we can expect some news sometime this week,
ATB
Its all a row of beans. ATB
It usually means there is nothing to communicate
Very suprised to not see an RNS yet, surely this can't be anything too serious or they would have to have announced something
Maybe I should start a Facebook rumour with £2 by next week as I know what's going on and no one else yet knows it
Yep this is a load of bull sheee t, if there was any truth to it the in sure media would have had it covered by now, some one on facebook lol,
Too much misinformation being spread here on the back of just a Facebook account of "one" environmental activist and then a few people starting Negative Thread titles here.
Central Govt is the authority and Local Governors report back to The Central Govt. Permits been granted long time ago for Heron-1 after meetings with local communities after which Exploitation Licence was granted last year.
Block XX Exploitation Licence area covers lot more area than just Heron.
//Petro Matad Limited, together with its subsidiaries, explores for, develops, and produces oil in Mongolia. //
PRODUCES? - show me some!
If Spainish is correct and MB is in Mongolia then perhaps not that long. So until the next update GLA
I guess PM would have to wait to be served a formal notice of any annulment/revocation before it could put out an RNS?
The FB story only broke about 3pm UK time on Friday. Mongolia is 7 hours ahead of UK time.
There is a lot of misinformation being sprouted as "fact" based off Facebook translations with out context. This is a dangerous game.
Let's just wait for the next RNS which in my opinion will show that most of the below is not based in fact and a deal will be done to expedite the drill program and possibly / hopefully have a crack at Velocoraptor.
The company would be required to RNS any substantial issues, and they haven't, so they most likely don't exist apart from on the chat board.
Land use is a complicated issue but as Mike has stated it is being addressed at a government level to avoid any local/ district ambiguity so there is no hold ups when future ELs are issued.
You need to remember this is frontier exploration and production in a "young" country politically. There will be issues along the road which will be negotiated in gooth faith.
I cant wait for the next RNS and personally believe it will be a ripper.
Is this not the real life, it certainly isn't fantasy badprophet, time will tell. GLA
Are we in Mongolia or Gormenghast?
Maybe this had some bearing on the case? The court revoked the revocation of the "license" in Matad soum center
2021/01/26
The trial of Matun soum center's Zuunbulag "LICENSE" was postponed for the seventh time and the case was eventually dismissed.
It will be recalled that the presidium of the Matad soum CRH issued a resolution to vacate the land in the soum center. Subsequently, the soum center land was owned by the Talin Jiguur company under a coal exploration license and changed to a mining license in January 2019. In December 2019, Matad soum authorities appealed to the Capital City Court of First Instance to revoke the license of Talin Jiguur, claiming that the Mineral Resources Authority of Mongolia had issued a mineral exploration and mining license to the company based on an illegal decision. Over the past year, Talin Jiguur LLC has postponed the trial seven times.
However, after the local elections, the trial was announced twice, and the court dismissed the case because the current Matad soum authorities did not attend the trial.
As a result of this illegal decision, Matad soum is still unable to approve its soum development plan, affecting the interests of 932 people who own land, more than 500 landowners, and more than 50 government agencies.
Personally we have been in worst situation in 2019 and the SP didn't fall. Not due to getting kicked off the land..
It was news in mongolia on TV and on some websites.
We just need to put pressure on the management team by emailing them. That's the only way to get things moving. Otherwise they will just plod along and it will cost the holders and not the management.
They are getting paid for plodding along and not providing results.
I think the Environmentalists are playing clever aswell as they are active just before the drilling season starts.
If even 20 / 30 of us email the team they will have to some sort of response.
Don't let them getaway lightly as they will be still getting paid for doing minimal
neds to be an RNS tommorow and a comprehensive one at that to address these environmental issues and a full corporate update of where we stand
Very interesting week and some good research done.
If only our Board were as active and engaged as Jimithebrush all might just be OK.
Let’s cross our fingers and hope !!