Member Info for badprophet

Researchandhold said//BPis like a stain on humanity//

https://progressive-research.com/company/petro-matad-ltd/

Researchandhold said //BP is like a stain on humanity//

Has WOS been to English classes or is he just feeding us a pre-prepared (by someone else) text? PMSL

Researchandholdsaid //BP is like a stain on humanity//

(For me) the big issue was Heron starting up this summer with at least some production/sales. Looking like that isn't going to happen so unless you want to sell - probably at loss - it's bottom drawer time. In view of the continuing lack of significant news even the trading opportunities will be limited IMV.

Researchandhold said //BP is like a stain on humanity//

He won't resign - not while there's a fat salary to be had for success or failure.

Researchandhold said //BP is like a stain on humanity//

Looks rather forlorn doesn't it - that one rig sitting out in the middle of nowhere doing nothing for years!

All this time & money spent for what? A hole in the ground!

Researchandhold said //BP is like a stain on humanity//

// Petrovis must be very well known and generally held in high esteem in Mongolia, and their executive staff must hold a lot of sway with the government one would presume.//

There's been very little evidence of that benefitting MATD up to now.

As for MB giving a confidence boost at the AGM it's not really his style is it? Quite the opposite.

Researchandhold said //BP is like a stain on humanity//

WOS - you seem to be investing Mongolian politics with some sort of Western/1st world rationale. It doesn't really work like that does it!

Researchandhold said //BP is like a stain on humanity//

"Support Petro Matad" logo.

Петро Матадыг дэмжинэ (of course)

Researchandhold said //BP is like a stain on humanity//

//Perhaps MATD should have give each family a truck.//

Yeah - they could be painted in Mongolia's colours with a "Support Petro Matad" logo.

Researchandhold said //BP is like a stain on humanity//

Nothing happening before Mongolian GE & new MG settled in.

No oil revenues this year.

Cash needed to "keep the lights on" - HOW?

IF MG reserve Heron oil for their own use PM (if it is still in business) will be paid less than selling to China & much less than the world price.

It's a bleak prospect for PIs. Maybe the best that could happen would be some sort of takeover - but who is interested!

Researchandhold said //BP is like a stain on humanity//

Godwin's Law at long last!

Researchandhold said //BP is like a stain on humanity//

Any problems buying shares today Hamm?

Researchandhold said / BP is like a stain on humanity//

// if you are willing to hold this now //

My guess is that most commenters here are under water & will sell whenever they might see a small profit. Just sayin'

Researchandhold said //BP is like a stain on humanity//

// Doc and BP will be wrong //

I must admit I WAS wrong - I thought the cash raise would have been done before now. MB has lost an opportunity.

Researchandhold said //BP is like a stain on humanity//

//Too many sales yesterday which is suspicious. And I have noticed big sales before RNs in that past.//

Quite definitely illegal insider info at work - but hey this is AIM so no action will be taken.

Researchandhold said //BP is like a stain on humanity//

Profitable oil revenue depends on multiple drills & uprated production at Heron.

With further delays & PC/DQE deals not finalised it's not gonna happen this summer.

Researchandhold said //BP is like a stain on humanity//

//whether there is enough from the renewables to make a business//

Quite the contrary - I think renewables will kill PM if they don't get oil revenue first. IMV

Researchandhold said //BP is like a stain on humanity//

BTW British Bull said SELL on 12/4 & was still say in STAY IN CASH after yesterday's fall.

(they got it wrong - should have said SHORT)

Researchandhold said //BP is like a stain on humanity//

At least the traders are having a field day!

Researchandhold said //BP is like a stain on humanity//

//I suspect late summer.//

I agree - late summer of 2027 !!!!!!!!