London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
This company needs a new management and this will start to go up. Someone doesn't have the knowledge of running a company effectively.
Look at GBP . Shares are up as soon as shareholders demanded the removal of company management. Shares are now on the uptrend.
5 years he couldn't solve a riddle . One well is what this company is revolving around.
Sooner this USELESS Management go the better.
Couldn't agree more. A one trick pony for sure. False promises and excuses time after time. No transparency whatsoever . Definitely more to this than MB cares to share with us mortals.
Very easy to accuse a poster of posting FUD (Fear, Uncertainty and Doubt) Horsers but:
:Definately more to this than MB cares to share with us more mortals.)
Is about the ultimate example?
More subtlety please Horsers, no one likes to be treated like an idiot.
Also understand local govt now deal DIRECT with MRPAM / MMHI to get local signature complete so mr Mike Buck not directly involve so this is nonsense talk of replace mr Buck and progress will be made.
Progress is made, Herder agreement agreed, Cabinet approval under special status pass and now final stage local signature which CANNOT be deny by law.
FUD get expose by research of facts to focus on INVESTMENT 🦉
MATD/ MB will get sorted the last stage. It is already 4 months since SL secured.
Some posters are trying hard to create uncertainty, fear etc for their personal reasons.
MATD will come good fast. Rerate will follow asa the last step sorted.
Thornogson, there certainly is much more to this than meets the eye. Corrupt practices are at play. If you doubt that this is the case write to Mike Buck and ask him to deny that he has been/is faced with corrupt practices holding up this project. I think you will be surprised by the answer if indeed you get one.
Mon1 - have already done that, I emailed MB direct and he couldn't be bothered to email me back, but got his Admin email address to reply and stated they hadn't got any evidence of corruption happening. I emailed a reply and said as a long term shareholder with a lot of money invested I expected an answer if MB. What a surprise no reply to that. As in my other posts, I believe Buck has had his hands tied,but my personal belief is that he is an arrogant pratt who couldn't give a sh*t about his private investors, his communication skills are zero and for that reason I am not surprised he himself has not been able to sort this with the locals.
You may be right, you may be mistaken or you may be posting FUD?
Who knows.
The Mongolian mineral extraction industries are very important to them though.
This wouldn't be one man wielding the official approval stamp demanding an envelope though.
It's Cabinet level stuff, an agenda item, questions demanding to know what's going on.
I'm happy that the Mongolian Government are sincere in their plans for energy supply security and their view of Petro Matad's place in those plans.
I'm happy to hold.
Mon1 and also forgot to say, corruption HAS been at play. Both Buck and the UK Ambassadors etc have denied this, but this was confirmed by the Deputy Justice Minister of the Mongolian government along with other corruption and amazingly she has now been sidelined. IMO good for us is that all high ranking officials in the UK government have been made aware of this, even though they will not confirm in writing/emails and they have denied there isn't evidence of this is because they wouldn't want to upset the GOM, but as said it's good for us as they are aware. I have pounded them with emails stating they are responsible for sorting this and also they are there to protect UK investors, so IMO they will have mentioned this alleged corruption to the GOM behind the scenes and as my previous post the meeting next week to placate the locals is a good thing for us investors. As said all in my opinion and hopes !!!
Thornogson, further to my posts, it has been difficult but I am still holding. For all that has happened over the last few years and from what I have learnt, I still believe this will come good for all us patient, suffering investors.
Dozzawba, thanks for the response. This is a difficult market where even the most seasoned and sophisticated can fall victim to corruption, sometimes originating at the most senior levels. To succeed in securing a positive outcome for PIs will require concerted and persistent efforts on the part of the British Embassy. My worry is that the policy of support for British Interests in the O&G sector can easily be interpreted (wrongly in my view given the circumstances) as requiring only minimal engagement by the Embassy. I fear that this may be the line being taken and as such resolution of this matter may not figure as highly in U.K. interests as the development of closer relationships with the Gov of Mongolia and in non O&G sectors. This will leave MATD severely exposed and potentially inadequately supported. I agree with you that ultimately this project will come good and have said so a number of times on this forum. The potential problem I see however is that PIs may well become marginalised if as has happened in many cases before in Mongolia, malevolent forces ( those you mention raised by the Deputy Justice Minister) rest control of the business or at least demand interest in the business as a condition of it moving forward. This may seem fanciful, but is common practice in Mongolia. If this is allowed to happen then PIs will undoubtedly miss out on the bounty that MATD success promises. Persistent pressure needs to be applied on the Embassy to secure a resolution and here in the UK, through contact with politicians and interests who expect the utmost support to be offered to British interests overseas.
A shame I can give you only one Rec Dozz.
Thanks for all your efforts on our behalf.
I look at Mongolia media EVERY day. Corruption is AKWAYS mention like British people talk about weather. This is fact of life there.
This is why I keep say about Project of National Importance and now FUEL SHORTAGE.
Yes corruption in. Mongolia but maybe if you look at media you see how much Govt now push hard against this. Few week ago Mayor of Ulanbaatar have to go. Other one face trial.
This Cabinet are very focus to expose this. Corruption is not new so if Justice Minister mention this is no surprise.
This is Year Against Corruption because everyone have eye on this because of Coal theft issue.
Better to look at problem with ANALYSIS of economic, plotic, sector & legal
This is CABINET PASS Project of National Importance at time when Mongolia face FUEL SHORTAGE and where if permission deny then imprisonment can happen. This is like treason against National Importance project.
When MRPAM /MMHI have take over DIRECT dealing with local govt and same local governor ask for money he will straight away lose job / go on trial.
We are at FINAL stage so very important we look at full analysis not some rumour on BB.
Hope this help 🦉
WOS. This project WILL come good. There is no dispute over this. The only question is who will be the beneficiaries and will PIs derive benefit. If the corruption against MATD is not addressed (see Dozzawba post) then PIs will be the losers. The Government and country will still derive expected benefits but in place of (mainly non-Mongolian) PIs will be those looking through corruption to gain an interest. This will be a win-win for Mongolia. Your and other investor efforts will be best served highlighting the corruption to a point where the govt must take action (as with the removal of the UB Mayor) in the absence of this we (PIs) will all lose out.
As MON1, correctly identifies.
This is not about oil, licenses, Petro Matad or Mike Buck.
This is purely a Mongolian corruption issue that has engulfed Petro Matad.
What did Nusrat Ghani do when in Mongolia recently. Did she apply British diplomatic pressure so a British company and its shareholders can rightfully obtain licenses.
Will this matter be brought up at the next Mongolian/ British business forum on the 20th November in London.
The British government have to act now as British shareholders have suffered long enough.
Oh my my my
The self proclaimed whistle blower and arbiters of commercial justice and shadowy political skulduggery is back in town .
Agree mr Researchandhold. Mr Bowlsy have already been EXPOSE on this BB.
First his post to say from his INSIDER I FO that Cabinet will NOT approve Special Certifucation. What happen?
Very next day Cabinet DID approve it!
Then he say Mongolia President "steal all refinery money". This is with all independent audit AND India. Govt no mention of this & process continue
Mr Bowley cannot answer why his insider intel so wrong but he admit he have build up holding in MATD. Think everyone know just game here.
Back to main point in post 13:46 yesterday
MRPAM deal DIRECT with local govt. If local Governor ask official ask MRPAM for money to pass final signature he canlose job & go to prison.
Some people on BB say "2 people hold up process because they want bribe". Who are this 2 people? Where did this intel come from? Mr disgraced Bowley? Can see how BB can be manipulated when logic tell us just because corruption exist does not mean it hold up process here.
This is beauracracy process to make legal situation watertight. This is mr Buck words.
We are at final stage with herder compensation agreed and MRPAM direct involve in process & under highest status of National Importance Project.
Use logic not BB whisper 😏🦉
WOS, it is very easy to discredit those whose predictions are wrong (Bowley) . This being the case you should look very closely in the mirror. I don’t recall many of your predictions being borne out and I am sure you wouldn’t wish to be considered a hypocrite by those reading this bb!
I never dld say I have INSIDER INFO - Mr Bowley DID!
This is difference between opinion & effort of DELIBERATE misleading.
Where did you get intel few month back of 2 people who want bribe? Mr Bowley who have already been exposed as fraud?
Think about what I say of MRPAM direct dealing with local Governor and what you say about this 2 mysterious people who only some BB poster know about.
Mr MON1 your post 6th Sept -
"It has been widely circulated that two MPs in the current parliament are obstructing the development of PMs project with the aim of securing BENEFITS from the project, which is unlikely to go ahead until their wish is realized"
If it has been widely circulated please tell us who this 2 MPs are?
Also how they will ask for BENEFITS without be accuse of bribery demand?
You know Mr MON1 but Central Govt / MRPAM / MMHI do not???
Be Wise & focus on INVESTMENT 🦉
WOS it is pointless me trying to answer your questions as you will simply come up with attempts to undermine what I have to say. Therefore I suggest that you address your question to the Vice Minister of Justice. She is the source of the information and NOT Bowley as you keep suggesting. If you want to challenge her then be my guest.
Mr MON1 put up quote / reference with source link please.
Otherwise you are part of misleading BB if you cannot do this. Thank you
WOS I have given you the source. If you are afraid to engage because of what you might learn so be it. If you engage and are told that I am wrong then I will eat humble pie. It seems to me that you want to avoid asking the question. If so there is little more that I can do. Continue to peddle your “opinions” irrespective of how ignorant they may be. The choice is yours.
Mr MON1
You say "it has been WIDELY circulated"
Post even just ONE link to this info if it is widely circulated.
Another one who get expose on BB?
Thank you