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Think most understand this & after positive outcome of last AGM which same posters agreed with.
Trade at 11:00:09 UT.
I ask people to focus on Investment earlierbut Hysteria suit there purpose at moment.
Same ones will be back in quickly & quiet soon! 😏
🦉
WOS - the AGM was patently NOT positive. You might be able to argue not negative, but c'mon, even potential legal recourse is now being talked about. Even MB himself sounded exasperated with everything.
Agm wasn't really positive, was it?
We are still waiting.
I can't sleep.
Legal recourse considered.
Governer said it is not personal ( it is worse because it means big boys forcing him not to sign).
Not sure if we get H up and running in 2024.
Activists misled.
Positive:
Fund through/till 2025.
No contract for B x will be signed till Heron land use secured.
is there anything else you want to add?
"AGM not Positive?"
- Immediate concern all talking about at time was fundraise - AGM give confirmation if funds into 2025 + Petrovis drawdown if needed then.
- Confirm Agreement with Locals for Plan A land access permission AND good dialogue with protestors re: disinfirmation to locals
*My opinion locals know all this but little bit greedy - also understand what we expect Central Govt to do after election in Plan B Special Certification.
- Confirm Central Govt can just "order local governor" - important point because done dud say local governor have power to stop. CANNOT but Ce teal Govt also understand big drilling / operational window for 2024 so no oroblem to wait until after election.
*Problem for Plan A local permission for this is locals may lose many 'benefits' and why I expect Plan A Agreement sign before election.
Agree or not with what I say but think most can see / underatand Hysteria coming from few usual suspects here and for what reason? Thsy expect big uplift in price shortly so games will be played!
🦉
Wrong AGM clearly said renewables DOES need equity financing.
They might do it at other level ( sunsteppe) but that would mean giving away the business ( partly) as well.
They also said Banks do not want to lend money on oil. He even said petrovis doesnt want to anymore...
But do not think i will convince Wos or mr emotional...
Just hope new investors listen to the AGM audio themselves and decide
"My opinion locals know all this but little bit greedy"
Let's say the locals are greedy. What does that matter? Why can't we pay them more?
That is a big mistake from business point of views. $5000 for each herder family is not much really. Why can't MB be a bit generous. Why not giving them each $20000?
I just dont understand. It is absolutely silly when you have bigger plan. MB needs to open his horizon.
What was new to me... and negative as well...
More capex expected for Heron. Discussion with DQE.
Not paying licence fees on Block X and hé hopes they are fine ;) what !
When you deal with Liar you have to go to source - pleaae listen & maje iwn kind uo lol.
https://petromatadgroup.com/wp-content/uploads/2024/04/Petro-Matad-Limited-AGM-30.04.2024-09.00-BST.mp3
Maybe you also want to look at last BESS project funding from Asian Development Bank - $100M loan (90% with some ifcrst also coming from Japanese grant).
*Really some posters here are very open liars about things & many options for Renewable funding (much more then Oil).
I ndependent Research / Fact Checking! 🦉
Listen to COMPLETE audio & as extra research sector in country!
Then.make up own mind of truth of it 😏
Simple! 🦉
I put timeline before because mention in few places and will help real investor (cannot be bother now).
Investor will research to understand who is dishonest or will not.
🦉
Sold out earlier at a loss, can always get back in if there is positive news, the downside won't be very nice if this doesn't go into production this year....
As I've said before that last AGM seemed programmed hence questions been submitted days before. It just seemed scripted from all the questions submitted and yes prof that question I asked about the licence fees his answer really threw me, like they haven't asked for the money yet? Overall still nothing has been made clear on any direction the company is going. Is renewables going to be the new company as it appears they can't be an oil company. More questions than answers as usual. GLA
This is what happens to companies when the management takes eye of the ball.
Lazy staff have just let the company roll along.
No real pressure as they are being paid no matter what happens.
Cheeky staff even awarded themselves shares for not doing f all
Researchandhold said //BP is like a stain on humanity//
Yes - MB may be busting a gut trying to get PM over the line (from Singapore) but the rest of the BoD seem like ghosts. Some of them are locals - why aren't they more active? I understand not all of them even attended the AGM FFS!
Haha whats going on with this board? How come you all have spit your dummys out again. You know the timescale, you know theres a waiting game now till elections stop expecting things to appear out of nowhere. You heard The AGM. You wanted MB to come out truthfully and he did.
Surely they cannot waste another whole drilling season
Header say ALL!
🦉
Researchandhold said //BP is like a stain on humanity//
//Surely they cannot waste another whole drilling season//
Watch this space!
Seems activists are more active than bods. Mind you matd is their second job.
"Surely they cannot waste another whole drilling season"
They have done that for years. Why not this year or year after!
Mind you we are nearly mid year and some guys think we need to wait another 2 month. Then what?
Time will tell. Unbelievable.
If I were MB I would put up a tent at the Heron and live there bring all the attention of the world of what is happening to petromatad in Mongolia. Mongolians seem have no shame or honour. On the contrary he seems he prefers to be in a hotel in Singapore!
If I was MB I would send the heavyweights in and take the governor on a holiday till he signed the paperwork.
Ask nicely first.
I
The question is what is MB going to do if the local governor is not willing to play ball?
The dim wit will finally go to court. And waste another year.
Give the locals few million And they will be over the moon but not this clown. He will waste another 6million and still get nowhere
Court are not going to rule in favour of outsider