Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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"He seems most of the time in Singapore. That doesn't help."
lol of course, much nicer hotels and expenses.
matd, lol Heron more like a dodo or an unwise owl
Hamm, answers below:
Doc, please tell me if you think MB should stay? Do you think he can deliver? NO AND NO. I WAS UNHAPPY AFTER HE BLATANTLY LIED IN DECEMBER 2022, SAYING A RAISE WAS NOT NEEDED BUT THEN DOING ONE 6 WEEKS LATER. I THEN HAD SOME SYMPATHY WITH HIM HAVING TO DEAL WITH THE MONGOLS AND THEIR RIDICULOUS BUREACRACY (AND PERHAPS CORRUPTION). I THINK HE'S HAD ENOUGH TIME NOW AND ENOUGH IS PROBABLY NOW ENOUGH.
Please tell me your take? Please tell me why you are here anyway if you are so sure MATD is rubbish? YOU KNOW THIS AS I'VE ANSWERED MANY TIMES. BUT TODAY IS PROBABLY THE CLOSEST I'VE BEEN TO SELLING AT LEAST PART OF MY MATD HOLDING. I CONSIDER TODAY'S RNS THAT NEGATIVE.
Sounds that you are mr know all, then shouldn't be here at the first place! NOT A KNOW ALL IN THE SLIGHTEST BUT I'D LIKE TO CONSIDER MYSELF BALANCED. FOR THAT, I WAS ATTACKED RELENTLESSLY BY WOS AND IAMRICH. AND YOU, COME TO THINK OF IT!
I am sure you were hoping sth get done and you are disappointed as well. I THOUGHT THERE WOULD BE FURTHER DELAYS BUT THE NEWS TODAY THAT CENTRAL GOVT ARE ALSO NOT HELPING US, THAT WE ARE EXPLORING POTENTIAL LEGAL RECOURSE AND MB's OWN CONCERNS ABOUT THE UPCOMING ELECTIONS, IT WAS WORSE THAN I EXPECTED.
Paraphrasing "Why would a CEO produce such useless RNS time after time to inform the market we are still working on it" it is because shareholders keep on demanding them,, yes lack of coms doesn't appear to be very professional but then neither do the RNSs. Still get the feeling ya been cheated. GLA
This company is crying out for a new CEO who is on the ground and not residing in another country. Not when his company is having an issue.
Has MB personally been to meet the locals. He clearly hasn’t. He sends his minions out. That’s not what a good ceo does. He should go and meet the locals.
He needs to go. I’ve been saying for years. He is not the man for this company
Dr Ced.
Look at each time sp is climbing no sooner an RNS is released to take the sp lower.
The prospects are too good just need good management with authority . Not someone who has to rely on ambassador to pull him out of sh.t.
I have said this numerous times.
Mike Buck is out of his depth, is not of CEO quality and has no known strategy - or tactical skills to move Petro Matad forward.
The conspiracy theorists are out. Claiming that management are keeping the price low so that they can load up on shares. The price is low because this is not a good company, for years I have waited for a re rate but it is just delay and delay. Management claimed that they had a good working knowledge of how Mongolia works, but they have been blindsided constantly.
Anyone thinking of investing, don’t. The drilling season has just started and Petro Matad lacks the paper work to take advantage of this.
They will have to do a fundraise as they have no income and this will mean more dilution. Then at some point maybe a consolidation.
Look on the bright side 2025 could be our year.
Doc, if your default is nagging one way or another.
I believed in MATD and I have invested. However today RNS has been disappointing.
We decide based on the information we get to be fair.
I can understand that after 5 years MB still has the same wording nothing more nothing less and has been very mean to the herders. Fancy $5000 for a family is very bad considering they have been called traitors by the activists. The problem is MB doesn't give us enough information.
Doc, please tell me if you think MB should stay? Do you think he can deliver?
Please tell me your take? Please tell me why you are here anyway if you are so sure MATD is rubbish?
Sounds that you are mr know all, then shouldn't be here at the first place!
I am sure you were hoping sth get done and you are disappointed as well.
Mb tried ramping it with SOON and almost...
He did it before so it doesnt work anymore although some on here did their best trying to help him
Hamm - I don't think you have a right to complain now, having spouted nonsense such as this for the past however many months:
"Amazing opportunity which should not be missed guys.
Nayers claim MATD fails but still here!
Massive rerate not far away."
Aeschylus MB only ramp it when he want to raise. I know that. I worked him out..
He is keeping SP low because I think he and others want to get in at very low price. Why dilute when you can pick it up cheaper and then pump.
That's his game. Some huge sells I have noticed before the sp dived . 70 k plus and recently £84k.
MB is sly
I would doubt we get any where while MB is the CEO!
5 years and still waiting!
Doc my guess on timing;
Nobody going to AGM anyway as it is in Mongolia
Let anger out before AGM
He will get all standard questions and hé will give his standard answer
Info needs to be out before you can do a raise.
Master I don't agree. I think if anything MB has tried to TALK UP the share e.g. last year nearly there (followed by a raise). I think he was hoping for a rinse and repeat.
Master, I agree.
As I said $5000 for each herder is very mean. He probably get himself £100.000 a year salary for doing nothing but too mean to help the locals and the governor. Surely as you said money will buy everything in any poor country not that bribing them but just helping them generously. We have no say, however I wish he would go. I can't believe he lives in Singapore.
Hamm something tells me MB doesn’t want to see SP too high before the LP.
Why would a CEO produce such useless RNS time after time to inform the market we are still working on it.
We have to find information on social media. Price sensitive information was kept from shareholders . He only released the RNS when I posted the local approval on here. He has a hidden agenda from what I can see.
Why not just offer the locals what they demand.
Is he making wages from the company for doing absolutely nothing. Is he dragging this out by not meeting locals with their demands. Why has he not made it clear what the governor is expecting and why he would not sign.
Money will buy out countries never mind a governor. Not saying bribe him but meet his demands to help the local community. Not by giving small amounts or clearing their rubbish.
I must admit, I'm surprised MB released the ops update today. You'd have thought as it's bad news he'd wait until the AGM to a) not allow people enough time to think up and bombard him with questions pre AGM and b) attempt to smooth things over and calm investor nerves verbally.
Or else?
Just sent my questions. Today might be the last day to send your questions. I would like everyone to bombard them with questions. Time to be firm and not be soft.
Let them know how the Shareholders feel
There is sth wrong here. How come MATD has been waiting for 5 years to get EL permit!?
MATD still bidding to get other land exploration license! Or renewable rubbish!
They should stop all the activities and focus on one thing and that is H1.
Thanks Aeschylus.
So basically plan B (tripartite agreement) blocked by governor
Plan A (local soum land access) voted in favour but the formalities not finalised (hence the words "if we can get it")
Well, not good news but anything can happen in the coming weeks. Lets hope we get some good news. I bought more today....even if i have to wait for Heron to eventually come on line - it will happen.
"If we can get it! Does that mean we might not get the last signature?"
Hamm this comment refers to the local access agreement (plan A ehich was in the bag ir so we thought) and not the tripartite agreement.
What it means is, we might not even get agreement to work Heron, even though the soum voted in favour. In summary it appears the process of finalising the land access agreement has stalled.
The real question is why is PM being passed around . There must be a real reason.
Another year wasted by the sounds of things.
MB needs to put to the market how a company in the same situation is allowed to operate but not PM. Is MB not doing something right.
Is it time to stop wasting money and start legal action against MRPAM who are the ones who signed the PSC. If they have no legal say over block 20 then they should not be signing PSC.