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The moment you stopped being an idiot Ojay was the moment Petro Matad found oil.
Since then you'd have been an idiot to have done anything else other than hold and wait.
Nearly there?
You used to always finish with: 'In Matad we trust!'
Might I suggest 'It is supported!' as an alternative?
I lost faith , it is why i have sold and invested elsewhere, still have small holding but more for hope than expectations
//Researchandhold said //BP is like a stain on humanity//
Used to be remarkable when the number of BB posts equalled the number of trades.
Getting the point of 10 times now !!!!!!!!!!
Nevermind found it
You are a real veteran, Ojay. i also belive this will finally come good however I have already started thinking i am an idiot investing in this scam company. for so long. Shall we see the light at the end of the tunnel? Fingers crossed.
Is there a way to see sales of large amounts which happened last week before the RNS.
LondonSuede: Would be nice if "making noise" would help.
After being invested in PM for more than 14 years (I had my chances!) I am no longer in a moaning mode. The situation with PM is incredibly disappointing - no question. I keep believing this will finally come good (and hope I am not an idiot while doing so).
ATB
Well done Master. We better make some noises. Thanks for your efforts on behalf of the investors. Also great response to the MG PM and DC tweets on X. Our case should be escalated to the highest level possible. We are still in the exactly same placee after looong fooking 5 years. Our patience is not rewarding us but punishing us year after year which is really unacceptable.
Glory to LTH and real Matadors.
If anyone is interested in a deep dive into the sociopolitical cintext of Mining didputes and resolution in Mongolia, this academic paper is insightful.
https://www.tandfonline.com/doi/full/10.1080/15387216.2022.2132971
And talking of Soum governance, I think I read somewhere that decisions are publicised for a period. Part of way they "do" local politics in Mongolia.
Hopefully this is the reason for the current timeline (i.e. its standard procedure).
Master - I'm really not knocking you. You're trying to deal with someone using Google translate or who doesn't understand English.
I think (nearly) all of us want the same thing here. I'm still 50/50 after the AGM because while it was positive to hear that our cash position and burn is better than I expected and MB put in a good performance, there's no getting away from the fact that we still cannot begin operations at Heron and the Mongolians appear to be frustrating the process (not just that pesky Provincial governor).
Investor, regarding "agencies" and what that means.
Going back over MBs commentary, I note that it was the Matad Citizens' Representative Committee that voted in favour of granting the LP to PM.
Im guessing the committee is an important sub group of the Matad Soum governance and the "agencies" referred to means it is being formalised by executives within the soum structure.
Yes Doc: "...leave it [to / the] MB and the BoD..."
Good to hear that you actually trust in MB and the BoD. I generally support that proposal - anything that gets us closer to the ultimate goal is fine with me.
Monday 6th May - London Stock Exchange holiday.
My opinion only - Petro Matad Sum will get Local Permission LP before Election because after Central Govt will just order provincial governor.
Look like local Sum still on board for Petro Matad (and did not expect any different with so much 'benefits) so let us see.
🦉
Oh well . You can never please everyone.
I'm genuinely not knocking the effort, but I found that conversation a bit cringeworthy. "Who are you... how did you find me?"... "we will make sure PM help the locals..." (like we have much influence).
I'm with Aeschylus and BP, let's be careful and maybe do leave it the MB and the BoD. After the AGM, I think we can safely say they are doing all they can. It's really up to the Mongolians now.
On Peter Hitchens, no reply as yet but will leave it till next week to chase up as I only first attempted yesterday afternoon.
Unless Doc is successful in getting a response from Peter Hitchens regarding the post soum vote timeline to receipt of signed formalities, then that really is all the news flow we're going to get for now.
Imo its been a good week for settling the nerves.
Activists bombard the politicians coming to conference in Matad soum. No mention of PM. Just going on about PC.
The District administrator was there too. He was messaging from the conference.
All looking good so far. Just need the RNS with the approval
BP ; Ok - fair enough.
Researchandhold said //BP is like a stain on humanity//
//BP ; when you say ' it's what we pay them for ' are you invested ??//
As mentioned before - been in and out for a couple of years. Currently a small holding - about 5% of my total holdings. Not worth risking more. IMV
On a less serious note, master seems like a lot of effort put in to just invest a dollar (and I am only kidding when I say that) Google translate is definitely not the best 😁 I often find that taking a snapshot of the dialogue on the page you want to translate and run it through Google lens also let's you listen to the translation in english. Hope this helps. GLA
BP ; when you say ' it's what we pay them for ' are you invested ??
Researchandhold said //BP is like a stain on humanity//
I think this should be left to MB & the BoD. It's what we pay them for. Others getting involved may not be a good thing.
Aeshylus ; ah yes - thanks for clarifying. It wasn't my imagination then. Obviously the ' agencies ' are all local - no central government involved, which is a relief. It may have been a mistake to use the term ' agencies ' plural. I hope so.
It is difficult to communicate with locals. I have even contacted an interpreter but she refused to communicate on Facebook with others in Mongolia.