Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
All in all I feel embarrassed for Matad.
It’s clear the current management group cannot operate in Mongolia. I deal with the government most days on matters. It’s not that difficult.
If I were the Matad management group I would buy a couple of gers, pitch them in the Soum they have the license issues in and until the matters are concluded stay on site. This is what they are paid for, to manage.
There is no Matad presence in Mongolia, they are wasting shareholders money, and shareholders time.
It’s time the performance of the company was brought to the attention of the UK regulators. No forward looking statements I believe will legally protect Matad as I honestly believe they are misleading shareholders, which creates the question has securities fraud been committed.
I will be reporting Matad to the UK regulators on my return to the UK in early October. Enough is enough.
Taken from Matads ESG section on their website.
Key Governance Principles.
Building Trust.
Petro Matad establishes trust with investors by encouraging two-way communication with both institutional and private investors and responding quickly to all queries received.
Here’s a question for Matad. Where exactly is the equipment Mike recently spoke about ??
Thank you.
***ASX ANNOUNCEMENT*** China's largest energy company sets its sights on TMK Energy Limited with PetroChina signing an MoU set to enhance and accelerate the development of the Gurvantes XXXV Coal Seam Gas Project in Mongolia.
Mike lives or used to live in the Shangri la residency.
The interview was certainly not filmed from his apartment as the Shang is almost completely glass. The interview was also not filmed from the 6th floor of Bluesky I am afraid
I would therefore strongly suggest Mike is not in Mongolia.
Manro.
As conspiracy theories go there may be several. Every investor presently feels let down and cheated.
Cheated that we always knew there would be no action this year but have been strung along as usual with the fundamentals of the project.
The accountability of Matad towards its shareholders is shocking. Some of the worst I have seen in the last decade.
Still awaiting the DQE update ?? Still trying to understand what our blue chip shareholders think and of course when we will have a production strategy in place that begins to deliver cash flow.
All this occurring of course whilst three ASX listed companies make huge strides in Mongolia.
Why ?? An honest RNS would bring some credibility back to what has been another shocking year.
Mongolia is actually actively seeking foreign investment and is speaking to some significant international players as well as capital markets. The remarks on here suggesting otherwise are not true.
Matads issues only Matad can sort out. That’s the point of having a paid management group. I listened to some of the issues whilst in UB over the past two weeks and progress is being made across several major projects.
Matad investors on this BB have to understand the problems faced by the company are the companies problems, no one else’s.
All I seek is greater governance and transparency.
It’s very disappointing.
I think the business needs a reset, it needs to re-establish trust, we need greater transparency, and the business needs to move forward and begin to deliver.
There are issues in UB, but none which are insurmountable.
Confidence is low and only the Matad board can begin to fix that.
Goldmine.
You seem to be pumping old information.
Of course information will be available in the next RNS. That’s what an RNS is for. The fact we are approaching the end of June, three months into the 2022 drilling season and we still have no update let alone an execution strategy that is firm and shared with shareholders is on the Matad boards part delusional.
It’s unacceptable and is not down to Covid.
Time for the board to wake up and do what they are paid to do.
Goldmine.
We have no schedule. We have no dates for production. We have no product to export.
Simply put we are TBA. To be advised.
We have no strategy.
And that is what the government advisor thinks and believes.