Member Info for Adw198

“ultimately the investors decide the price at which they are willing to support a raise and the company has to decide whether to go ahead or not”

Investors only wanted to invest at 0.80p aka valuing the company at about £15m, not $150-200m.

Similarly, despite the MCAP being so low there has been no interest in anyone buying the asset

“No, there have not been any approaches in recent years”

Keep trying lads, but you’d be better off making the nonsense more realistic.

Ha as if a CEO would give an answer other than “yes I think we’re undervalued”.

When given the chance to buy for 20% less than it’s current value he choose to limit his buy to $30k. That’s more informative to me, as if the fact he’s never bought on the open market.

When was your last company related post, Richar?

The overwhelming majority of AIM stocks are junk. It’s full of get rich quick wannabes with little fundamental value.

I don’t post anywhere else because I’ve not been so heavily invested elsewhere but mainly because I get followed around by people (such as yourself) who then try to ruin other boards like you ruined this one.

The fact it’s you who runs a Telegram group should make anyone sensible run a mile because at best you don’t understand the stock market and at worst you’re being paid to trick people. I strongly suspect the latter.

“once we start supplying the refinery directly we will cut out handling / trucking costs currently paid to Petro China, this should mean around £12 more for every barrel of oil we sell to the refinery.“

Please explain where the £12 figure has come from, noting the company literally just said

“As yet we do not know what tariff the Mongol Refinery is going to charge for the use of the pipeline and so the potential cost and revenue impact of using the pipeline remains unknown”

You don’t know if I’m invested here, richar. In general those not invested here have done better than those who are tho.

But well done for managing a post with swearing abuse mate

Sorry, how could I forget that the SP was circa 50% higher too.

Perhaps some of these reasons were why you sold last year whilst encouraging others to buy more?

“Well, by any objective measure Petro Matad start the New Year in their best shape ever to deliver significant company developments across several fronts with the prospect of the best year ever for their investors.“

What objective measure is that? Because this time a year ago you were telling us how it was the year of MATD, how the first 100 days were going to be massive and transformational.

They were producing 200-300 bopd from

one well which we all expected to increase. Oil (our principal commodity ) was priced 30% higher. There were 323million less shares issued, we thought PC would pay us on time / in full for our oil and you personally expected 4-6 producing wells. We even had a WiseOwl tricking people with nonsense.

Oh well, maybe next year, Rodney.

I agree with Mal - there’s lot of money to be made on MATD.

Imagine a share that can / does frequently go up 30% in a day for announcing an Investor meets!

It’s a traders paradise and a LTHs nightmare. Position accordingly.

“you certainly won't get a "balanced view" from 198”

Apart from all the times I’ve said what outcomes would lead to a massive rerate eg like Heron2 not being a duster. Even today I said

“I do believe it’ll come at some point but it’s impossible to give a likely timeframe”.

Whereas Gravy and his comrades can’t hear a single word of balance or reality. Honestly, my pubescent daughter and menopausal wife have a better control of their emotions than him. This is what happens when you sink money you’ve been gifted into a high risk Mongolian explorer.

“What do you want investors to do?”

Acknowledge the situation, stop peddling mistruths and don’t make unsubstantiated claims that it’ll all be paid in November / December / January etc.

Basically don’t act like Abzzba

Well said, TT1981.

They signed a contract which they’d been negotiating for years. They took 3 months just to sign it. Then they decided to arbitrarily withhold 30% as they claimed not to be sure on tax. We were asked to get clarity which the authorities provided - this was communicated to the market early September. Since then they still not made good the backdated owed amount, in fact continuing to grow the debt by still deducting 30%. Why?

The remaining issue now is apparently agreeing what tax they do have to pay but what else needed agreeing anyway, ie what have they actually resolved?

There should be no doubt they aren’t acting in good faith and it’s hard to see what motivation they have for agreeing new wording, signing the new wording and then actually paying what it says.

MB has conceded they take longer than reasonably expected at all times and his January / February prediction seems more in hope than expectation.

Maybe next year they’ll find their pen quicker and suddenly start acting ethically but what will prompt a complete change in behaviour. I do believe it’ll come at some point but it’s impossible to give a likely timeframe.

“If you want to debate risks, debate real ones: farm-out timing, Gazelle optimisation, PetroChina payment timing, and H2 uncertainty.

But the constant “scam / duster / endless dilution / nothing happening” stuff is mostly recycled noise that doesn’t match what the company is disclosing.”

Fully agree we should all analyse and debate on the facts. But nearly of all your myths and above noise theories were completely made up strawman arguments.

Their answer on the 2026 work programme doesn’t seem compatible with the reasons they gave for not starting work earlier in 2025 (ie you need to submit by the end of October the year before to get approval).

I suspect the reality is more they didn’t have any money to carry out the 2025 wok programme and needed to wait until the raise - which they separately tell us wasn’t possible till revenue from H1 had been established.

I took that as a little tongue in cheek but to be fair he has seemingly taken a 70% pay cut so either way it’s a reasonable comment imo.

Also, credit to the effort that’s gone into those responses. The negative to me was that the 2 other potential parties weren’t even at due diligence stage and the front runner was clearly some way off getting over the line given

“A number of high-level terms have yet to be explored in detail or agreed in principle”

Rest of the quote below for transparency and completeness

“Only after these terms have been agreed can Farm-in and Operating agreements be negotiated and agreed.

Depending on the level of commitment from both parties, both the above agreements could be finalized within a few months”

There’s very little chance it’ll be signed in time for the 26 operational programme imo.

A very detailed Q+A is now available

https://www.investormeetcompany.com/meetings/operational-update-4

Re the wax, if it takes 1-2 days presumably they’d have tried that and told us the results. I’m getting sandscreen vibes on this one, Abzzba.

“Would also expect farm out news in January”

What’s that based on? The same biased hope that informed your other predictions is my guess, eg you also expected PC to have paid us in November, the refinery to be comllete in 2026, oil to be $100, H1 to produce close to 800bopd, H2 the same, Hazelle similar etc etc.

Ah good point - people will continue to tell lies about me so it’s probably best I stick around. Especially given Gravy has followed me to every other board I’ve commented on ie it makes sense to revert to me just sticking here.

You were given a few chances lads..

Excited to see what January brings but I’m guessing no news / its winter shutdown remember and I’m less confident than Thorn about a Rio Tinto RNS! :)

In fact, let’s just put an end to this Gravy. Rather than you continually disrupting other boards how about we both agree never to post here again.

When you confirm I’m happy to walk away

Hi Gravy

Rather than obsess about people’s first names might be, why don’t you share your thoughts on the company?

I’m particularly keen to understand the investment rationale when you topped up / averaged down at 1.45 a few weeks ago?