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Progressive now have us at 26.7p following recent news. I would be happy if we get near that.
https://d321bl9io865gk.cloudfront.net/view?src=https%3A%2F%2Fprogressive-singletrack.s3.eu-west-2.amazonaws.com%2FMATD_20230710.pdf%3FX-Amz-Algorithm%3DAWS4-HMAC-SHA256%26X-Amz-Credential%3DAKIAZFOTB4XZYOUBO34B%2F20230710%2Feu-west-2%2Fs3%2Faws4_request%26X-Amz-Date%3D20230710T145055Z%26X-Amz-Expires%3D86400%26X-Amz-Signature%3Db4e7e410c5df99f2603b984666ecbd8f8f8b84d1090289aa73eb7c29b1d3a28f%26X-Amz-SignedHeaders%3Dhost&data=wCAb1yeQFxxPvTURG6V62uhuujEFmFOSjSBc3d6s5fPODHLXLrOxNWAfSHFZOpITtQFx7cHmq%2F%2BbCxh%2FWyLhw3zpZ5KlBjwK6%2BsGOUtUm9P8%2BVN8UO%2Ff0ah5pK%2FETDbM&referrer=https%3A%2F%2Fresearch.progressive-research.com%2F&namespaced=true&aid=a0N8d00000A4caAEAR&perms=copy-paste;download;print&perms_sign=iUwVYv%2Fg3Dd0UxvQo1E8mlxIbkpDuD0gx4Ar0OZcwulQvgiSVq8QiZu%2F1yYn3VQZIjQ96qZoVQjm9MKiWmZAQcZ9QQzcOQoq65SUn928okHMBMWCVJefhUDtxnbKNi0cS%2FMpABLrktS18M7n%2Bz%2B9KnK5%2BIMDJsyIMOpZcOsqRJ8%3D×tamp=1689000656&rating_opts=%7B%22ratingValue%22:%220%22,%22ratingType%22:%22star%22%7D
Agree with everything you say. Unfortunately this is normal behaviour with AIM listed companies. Add to the mix the fact we are operating in Mongolia. Been some shocker over the years especially companies operating in Russia. Par for the course I'm afraid.
I have most definitely not been on the sidelines. I have been invested quite significantly here for many years. The only way Mike Buck has played this well is to his own benefit. He has kept to charade going for long enough to keep drawing his salary.
Following today's news I think it is time for Mike Buck to step aside and resign. The events of the past few years have been incompetent beyond belief.
1. A drilling programme that targeted wild card targets ahead of higher chance targets when they went after Snow Leopard before drilling Heron.
2.The exploitation licence debacle.
3.The land access issue.
4. Commencing the Velociraptor drill without the LP at Heron.
We must now cease all future speculative activities such as further wild card exploration and the bizarre renewables idea until Heron is brought online and producing not just oil but solid revenue for the company.
I want to hear a strategy from Mike Buck on how he plans to return value to shareholder who have supported this company over the past years and suffered endless pain from delays and failures.
We need an immediate update on the companies financial position and he needs to be upfront about any planned fund raises that may be needed.
He needs to commit to regular updates to shareholders on the progress at Heron and the monetisation of the oil we have discovered.
If he cannot commit to these basic requests then I ask that he re considers his position as the company CEO.
100% convinced that news of oil would leak out before we hear about it in an RNS. Same would apply to the LP. We have seen these rises before. We will find out soon enough as we must be close to the target zone. Boom or bust it’s squeaky bum time. GLA!