Member Info for badprophet

Paltry trading today. The market thinks this share is worth spit. If the rampers are genuine holders they are drowning men clutching at straws. I hope Thorno's family are thanking him for investing their future here.

I bet Buck is laughing all the way to the bank reading this board!

It's pretty obvious (to me) that PM can't bring this venture to profitability alone. Raises / loans / oil revenue won't do it. The sooner they get a JV / takeover / part sell-out the better.

I don't really blame anyone here for their bizarre behaviour - MATD is enough to drive anyone round the bend. :-))

//The company has invested a total of 4 billion US dollars in the Tamsa project since 2005 and has contributed 1.1 billion US dollars to the Mongolian budget.//

Makes MATAD's investment look rather paltry!

AND - they will have no crude to supply it if they are relying om MATD!

If the refinery is operational by March 2026 I will show my backside on the town hall steps!

"gone rogue"

Manx - you have rogue (desperation?). I'm filtering you.

// the final nuts and bolts//

Probly about 100 million quids worth?

//This is expected in February after which sales revenue will commence.//

How long after? MATD needs money NOW, payments for any oil shipped could (optimistically) take months.

I think the MG really don't care. They are happy to string things out until they need oil for the refinery in a couple of years time. Whether or not MATD will be supplying that oil and from what fields is another question.

//I'd like to think MB and Co are very busy finding alternative buyers//

Have you looked at Mongolia on the map? What alternatives?

//being in a better position than we have ever been in before,//

Really? Support for this share used to be based on hopes & dreams.

Now that reality is kicking in it doesn't look in the least bit attractive.

What's the point of having loads of oil underground if you don't have the the financial and technical resources to extract it or any agreement to sell it if you do manage to get some out? A takeover at anything over 2p would be a godsend.

ABZZBA gets his a.s.s handed to him on a plate. PMSL

//I’m sticking with my guess that Buck wants funds for Heron 3 and 4.//

And to carry on funding his 1/2 million quid a year lifestyle in Singapore. Any PIs partaking in a fund raise must be bonkers!

//Everything is going in the right direction//

The SP isn't!

Paragraphs would help...

Without substantial oil sale revenues soon & a deal to fund new drilling from future revenues a £6 million raise will be frittered away in no time. If Heron doesn't come good MB will be back to square one hoping to make new strikes elsewhere & suck in more of PIs funds like he has for the past number of years.

Big gamble IMV.

Reduced my stake here to a level that I'm prepared to lose all. Hope not but hey...

We all know what happens when MB issues an RNS don't we'