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Bowley, The reason for the meeting in IOM was explained in an RNS as discussions on PSC and fiscal terms. Some of us believe there was more to it as we are aware a new company PM Energy was formed soon after. The photographs and presence of Mongolian ministries, IOM and Mongolian dignitries and reps from Finance IOM point towards something other than you are suggesting. Would love to know the date of your correspondence if you are unable to share the content. By the way, it would have been great to have you around when we were struggling to translate some Mongolian docs seeing as your partner I believe you mentioned previously is Mongolian. Certainly would have made those issues more transparent.
"Few months"
Meaning not enough months to pass!
Please tell me when MM promised MB that LP would sorted in 2 months, was he talking from his aaassss?
Or just he said the didn't know? Or just lying? Perhaps MM didn't understand the difference between 2 months or 2 years?
Mr Hamm
"we have been waiting for 5 years and nothing has happened"
Under Special Certifucation which is completely different to LP from local govt we have only been waiting few months
You should understand difference sir & show you what happen. Little understanding mean I vestment on bad intel.
Mr Bowley Petro Matad setting up multi drill partnership with DQE with offtake part to fund. Major Drilling cannot offer this. Simple
Hope this help you all & do research please ;)
If I see now or any time a couple of big (1m, or 2 m ) buys rolling then I would say sth is happening. That only would be LP.
Richard, I really don't understand you really.
We need LP now before spud or we have nothing. Simple.
I always said that. MB being mute and cagey isn't helping anyone.
Who cares if we have 1% up or down now. The fundamentals hasn't changed. That means we have no income.
Therefore the next stop is more placing.
WOS.
As I explained to you Major Drilling offered many years ago to invest in the Capex required to bring a rig to Mongolia suited specifically to Petro Matads requirements.
Question. Why did Petro Matad refuse that opportunity yet here we are many years later with MD providing drilling services to Matad this year ?
As for my question regarding the Isle of Man. It’s a question backed up with correspondence from 24/3 and before.
Just looking for transparent answers.
Wos, MM promised to sort out LP in 2 month! Was he lying?
It is already 9 months passed. 4 more months drilling season ends.
This happens for the last 5 years.
As I said MG has already approved EL and didn't need to review anything anymore.
Please tell me if MG reviewed everything before approving EL?
Hamm, can you tell me the current buying pressure right now, normally when it goes up you tell us , looks gone blue just now, think the bottom reached and bounce, what do you think,
Gla all to held on, bounce has just started, and await news on LP weather next week or end of month it's coming, we all know how fast matd rises, we saw it go to 37p in the past on no real news this time we are to become real oil producers and earn multi millions
Mr Hamm
"we have been waiting for 5 years and nothing has happened"
Under Special Certifucation which is completely different to LP from local govt we have only been waiting few months
You should understand difference sir & show you what happen. Little understanding mean I vestment on bad intel.
Hope this help you ;)
Bowley please enlighten us as we are all guessing.
What is your opinion.
Why were the ministry of mining and petroleum along with the ambassador at the IOM meeting.
Mr Hamm I say
"Some agreement can keep as secret with legal clause for person who say "must notify market because price sensitive"
Hope you understand & if not then not my problem
Mr Bowley you sane one who I have to explain very simple reason why Petro Matad not get Major Drilling for all other work when you try to sound clever lol. Show me you not consultant with any reputation sir lol
Your correspondence sound bit like you if you understand & maybe you ask why all Mongol representative there & smiling for picture with Mongol Ambassador ;)
Be happy but not devious :)
Rich, apparently you know that LP is coming?
We have been waiting for 5 years, and nothing happened yet!
Please tell me what have been achieved in the last 5 years apart from advance talking?
Ofcourse apart from
paying for volleyball team.
Paying for cleaning land for lazy Mongolian.
Paying for freebies to unworthy staff.
What else?
Soon V1,V2 $4m costs.
I can tell yo the next stop is raising more money, don worry.
Once all the sellers go, who have been scared out, then you will see this picking up again, what goes up comes down what does down comes back up, news driven, and we have velociraptor drill incoming major drill btw, LP still being sorted no one has said it's not coming, apart from ransom people on here
Anyways real investors will be holding on, it's just the un researched following others who have sold at loss
This will bounce hard
Hamm lol great work do your best to convince people not to buy or sell, how do you know. Share price won't go up or LP won't land say Monday you don't and no one does,
You buy and you wait this is the game on aim
Anybody thinks that share price will go up without LP granted should think twice.
Wos, you are telling us MB hasn't been telling us the truth regarding IOM for a good reason?
We are only shareholders when raising money is involved?
Question.
Below is part of a group of correspondence with UK agencies regarding Petro Matad.
My question is a simple one. Have Petro Matad had contact or correspondence with either the Mongolian or Isle of Man regulators ??
I am being transparent by sharing concerns real long term holders have with an ongoing real understanding of Mongolia.
If we can establish the truth attached to the IOM issues we can move onto the real reason the LP has not been granted.
Good afternoon Richard
It was good seeing you yesterday.
I have today received a request from the isle of Man (IOM) FIU in relation to the intelligence which I passed to the re Petro Matad.
The IOM FIU are seeking permission to pass this intelligence over to the ‘Mongolia Financial Information Unit’ and ‘The Isle of Man Financial Services Authority’.
Are you happy for the IOM FIU to pass this information as requested and will any dissemination to the Mongolian FIU cause you any issues?
Of course as a person only concerned with the truth I agreed to the above.
Mr Master
Do not think anyone meant to find out about IOM meeting. Only did because if you excellent research sir.
This is mix belessing because force mr Mike Buck to release RNS lol
Think he have good reason not to give more information & all know MRPAM / MMHI not fly there specially from Mongolia for something small. Even Mongol Ambassador fly there.
All for PSC contract discussion? ;) lol
Think mr Mike Buck does not want to impact DQE deal or New Tender process with foreign investor because of Govt / Petro Matad partnership.
Some agreement can keep as secret with legal clause for person who say "must notify market because price sensitive"
I thinking we listen to BB logic we question thing but all know lot if this is with little research & selfish trading reason ;)
If we look at deep research / intel & intelligent logic we very sure of Petro Matad investment with it without V1 result.
Very confident in my holding & can see even deramper post start slow down now as more buy start to buy back in ;)
Oh Zellman!
Still trying?
Better than Hamm to be fair but hardly difficult?
Minimal downside from here, if any.
Upside on spud? I think so.
Upside with oil shows on drilling? Definitely.
Velociraptor strike? Boom city baby.
And Heron LP will come sooner or later.
Happy holding.
Article I see is about Budget review by Prime Minister.
Try look on Twitter @zasag.mn Will be too news piece.
Have confidence yiu have ability to find this sir ;)
Notpleb. Completely forgot about petro matad energy. He didn't mention that either.
I don't know what this new company will be part of.
I've got this gut feeling bigger things will happen after the LP is granted.
MB has probably put a big buy order at 4 p or below for the new Mongol investors.
The ministries don't need to be in IOM to discuss PSC.
MB come clean please we need to know exactly what's going on.
Been in PETRO MATaD for many years and this is just how it works with MATD........ BOOM!!!!! and BUST!!!!!
As long as there is some hope in the future then there is always hope for a new BOOM!!!!!
The thing is how low will it go ..I recon .024p back to last fund raise..
Anybody thinks that sport ministry should have a say too?
Since we are paying for Mongolian volleyball team?
Just incase if they have forgotten they may start reviewing now please!
Please can anybody check to see if our volleyball team is ok?
Any trophy?
Which bit are we supposed to look at? This article is about the railway and new sports ministers?
Got to admit it’s a blood bath since last news and not looking good everyone guessing and throwing around mad ideas.
The drop is concerning there is no strength in the share price now and holders need to get answers from MB and lack of progress