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You don't have to wait until the end of the year. Such a high-caliber liar as MB has no shortage of various reasons for his irresponsibility and idleness. So, soon he will announce the most compelling reasons why another year will be lost and why it is necessary to wait patiently and continue to feed both him and all the idlers of his team. As, they are going to make shareholders, at this time next year, the same millionaires as they are now thanks to you.
Mb is our biggest downside . In the past 5 years he has achieved heron. Even that he messed-up. The easiest well was drilled without the permit .
HE HAS WASTED MILLIONS ON WILD CAT DRILLS .
Time for a change at PM.
Says it all Master.
Mongolia is potentially a new oil frontier.
It's wild cat drilling at its finest.
Dusters come with the territory I'm afraid.
High risk:reward.
But you knew that?
Heron production lets P Matad plan further exploration without the funding brinkmanship of previous campaigns.
Also more blocks and more wells to increase the chances of finding 'the big one'.
Strong resistance at around 4.7. This is now just waiting for the announcement to get it in the 8-9 range.
I expect this to go north soon if the LP registration isn't going to be the sticking point.
ATB
Thorngson. Ive been here long enough to know exactly what is happening. Propescts are good. We just have wrong management.
5 years of wasted money and very little progress.
I can go on and on about MB. He is not trustworthy at all.
Who renembers when he said he was in touch with big boys and they told him come back when you make a discovery. Still waiting
The lack of comms is disappointing, it would be so easy to drop updates on Twitter to keep us in the loop
Yes, Vikinglass. I agree.
This is why I sense there are delicate politics at play here behind the scenes.
It makes the waiting that much more nerve wracking to feel that things may not quite be in the bag yet. That said, as I stated before, I believe momentum is on our side and we should get the LP through soon and then glory days should be upon us all.
Big boys
Maybe you are right maybe the big boys have been and gone. Maybe they were never there but alternatively maybe they are still there but keeping everything dry until they know that we have got full permissions. On the kind of deal we seem to have with the MG plus Oil at $80 a barrel and the amount that we have then it is very possible the big funds are going to come in. But only when we have the permit. The question is whether they come in immediately on news or wait till we get on operations update about flow rates and conversion time from getting oil to surface to money in the bank. This i think is why some people here are incredibly optimistic about a very rapid re rate on this share. If they do not come in this share will re rate but will probably take time. Be honest if a couple of pension funds started get interested in this stock as a small part of their portfolio this share would catapult very quickly. If my calculations are right we could get to point of being able to declare a dividend before end of 2024 but i would like us to start drilling sooner rather than later to bring the variables down in those calculations.
"Strong resistance at around 4.7."
Some of the claptrap spouted on here beggars belief.
Oil on the up... now 85bucks..... just need our Buck to get some news out... I'm bored of single figure SP!
Don't think big boys will come in here, not until oil is coming out the ground and PM are earning revenue from it. IMO when that happens I also believe PC will put in a bid to takeover block XX. Whether MG will allow that to happen, who knows.
Same gripe as per normal MB and his silence, his continual lack of communication is appalling
Dozz, fair enough what you say on MB but what is there to report ?? Its a waiting game for him as well as shareholders. Not for one minute do I think he's sitting back ... he'll be doing his best for the company and himself and remember it was he who found the oil which is the main thing for me and should give him the benefit of any doubt regards his leadership. Just my opinion !
Geo, I just think MB doesn't do himself any favours. I remember in an interview he did previously, probably a couple of years ago he said he and PM would improve on their communications, but I don't think he ever has. It seems as though he has to collate all the info in 1 RNS, whereas if he drip fed good RNS's surely the SP would rise accordingly against each RNS and tbh when he has got good news he always seems to downplay it. Shout good news from the rooftop put a good spin on it, but his RNS's seem to leave them open to other interpretations.
Let's hope he can pull something out the bag very soon as I see investors starting to get impatient again. ATB
“Dozz, fair enough what you say on MB but what is there to report ??”
I’d like to hear his views on what/how long these “formalities” are and will take. And perhaps an update on this DQE contract and that indeed everything is ready to go, as per his previous comms/presentations.
Just sit back & Await the RNSs...
Best advice. Will be plenty of them 😏💰
It's best MB keeps schtum until he has something REALLY positive to say. Anything else will cause the SP to drift further (as usual).