George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
@roxy
Totally agree he is not CEO material.
I’m sad to see that more and more investors can now see that Mike Buck is not fit for purpose..!
Plus, even the most positive of investors (and I include the strong rampers in this statement) are now saying the same.
To be open, he has not been CEO material for at least 3 years..!
It needs a CEO change before it’s too late - as posted before, I think it might already be too late.
The header says it all….
No doubt I will get the standard torrent of abuse from the usual rampers - but luckily I have big boy pants, so don’t care.
This car crash of so called CEO leadership cannot continue.
1 - lack of communication
2 - when there is rare communication, it is either lacking in content, or the detail is blatantly exaggerated.
3 - the total disregard for shareholders - whether that is small, medium or large investors - is truly shocking.
The more I read on this chat board, and yes we know Petro Matad read these comments, it is very obvious there is a growing discontent with the CEO.
It’s time for an urgent change - before it’s too late.
Dear Mr Cybertron
If only what you say was so…
However, I get the impression you have only recently arrived at the PM party.
Many more of us have been here far longer - on the back of multiple false updates (and indeed promises).
So where you say wait a few months, for me it is over 5 years… and still waiting..!! Others on here even longer.
Where you say sell up - I think that is a very immature and childish statement - especially where the current share price is below the average (in my case).
The best analogy I can give you.. It’s a bit like living in a house bought 5 years ago, that you want to sell - but that house is now in negative equity - so to sell would mean a big loss.
Any sensible person would try to not sell their investment at a loss..! Or try not to unless they have or need to…
Hi Doc83
As ever, I fully concur with your comments, thoughts and feedback.
Our Petro Matad leader, Mr Buck - seems to still be taking us down the proverbial never ending garden path.
His strategic leadership and direction is quite frankly shocking.
His communications (and timeliness of comms), is not the way a professional organisation should operate.
Maybe that’s the problem - PM under Mr Buck are simply not a professionally led company..!
So many false updates etc over the years.
Even now, nigh on another 2 months since the last weak update from the RNS - and still no updates.
Obviously PM don’t seem too interested in it’s investors and therefore stakeholders..!!
Cybertron is right about calming down…
…..as we have all seen - the patterns show that the share does have significant rises, usually on Friday.
Following Monday/Tuesday - it then sadly crashes back down.
Hopefully MB reads these message boards and is starting to get a feel of the anger and frustration from the majority of sensible LTH’s.
As several have mentioned, oil prices are currently up, but Petro Matad continues to plummet.
What assurances does our hallowed CEO provide to us - nothing, zilch, diddly squat.!!!!!!
Will I get shot down by the happy clappy crowd for this post - probably.
Do I care if I do get shot down - then no - since I filtered the rose tinted happy clappy crowd a long time back.
I know that from reading these posts there are many who agree. There are now also posters who previously and religiously trusted MB - but they are also now seeing the light as well.
Of course we all want to see Petro Matad being successful, but I’m now concerned we might be backing a lame horse in the Grand National… ! (Excuse the analogy).
“There is a risk that that the process will continue for a while longer and that therefore paperwork won't be signed off in time for drilling this year. However 2024 is looking very promising indeed!”
Utter drivel.
For the LTH’s - it’s always false dawns being spouted. From my perspective, holding a volume of PM shares from 2017 to 2023 (as of today), we are all still left hanging by a thread. Always told by certain posters on here that it is looking very promising. No one has a clue as to what is really happening - not even the most positive of posters on this forum.
Before anyone says just sell and move on, whilst we all know that buying shares is a risk, especially in AIM companies - for some people it is still a significant investment that cannot be easily walked away from.
Plus, with the so call hallowed leader of Petro Matad, Mike Buck (who I hope reads this forum) - we are to some degree led by his briefings and so called strategic overviews.
Unfortunately Mr Buck, your briefings and updates are not clear or positive enough nowadays - and we need (investors both small and large) some regular communication and updates.
It’s what most professional CEO’s would do with their investor’s.
We all hope this turns out positive - sadly I have my doubts now.
“How is saying replace the CEO crying like a little teenager.
It's a good proposal. Our Problem is Our CEO.”
Totally agree Master.
More and more on here agree with you now also Master..
Ignore TheCondorMan - remember, as we all know - the rampers (like TheCondorMan no doubt) don’t like the LTH’s from having an opinion…
Ojay - you continue to be hilarious - or should I say hilariously deluded.
I rarely comment on this board - but the blatant ramping (from the likes of you) has taken away the purpose of this chat board.
That is to get good solid information - not unfounded guess work just to try and ramp.
It drives me and many of the genuine LTH’s of PM shares to complete and utter frustration.
Well said B/P
How many times have the rampers said news coming soon.. Just weeks or months away (Roxy, Ojay, Hamm, stuffed Owl, et al)….
Basically they have been saying big news in weeks/months for the 5 years I have been invested in PM.
Of course, being rampers they will continue to keep saying this - which is not helpful for any potential new investors.
That is why a balanced view is always required (albeit the rampers do not like it when a balanced view is provided by the non-rampers).
If MB, our illustrious leader (cough cough) was actually keeping PM investors regularly informed and updated (with real information) - then we could all collectively understand each of our own personal investment roadmaps.
B/P… Agreed - which Xmas…!!!
The longer MB remains as CEO (let’s start the rampers cursing and screaming again) - it could be a fairytale Xmas.
That is the 25th of never…!!!!
Whilst MB remains the captain of this slow moving cargo ship (going around in circles) - it’s never going to happen.
Sadly… :-(
….. and there you see a typical ramper message.
Is MB your uncle….!!!
Many shareholders here have held a volume of shares for many many years - small, medium and large volumes.
It does not matter how shares are held - they all have a personal value attached to those volume of shares held.
As such your comments are somewhat naive and immature.
Any shareholder is allowed to highlight their concerns with the CEO, and the strategy of that CEO (or lack of strategy).
Well said TonyBaby
It is very obvious that Mike Buck is fully out of his depth.
He is definitely not CEO material.
Having held my PM shares for nearly 7 years now - it is utterly frustrating.
Will I sell - no - as that will be a financial loss currently.
Will I buy more - no - not whilst MB remains at the helm. It’s too much of an additional financial risk.
Well said Rookie.
Categorically it appears shareholders are being taken for a ride..!
I read the last RNS again, and the following I have copy and pasted… just to remind us of the utter bulls**t we are being fed.
Namely:
“The Company will now work with the central Land Agency and local authorities to complete the registration of the area and to sign the necessary contracts required by the regulations on the management of special purpose land. In parallel, we are already in discussion with service providers to determine a timeframe in which crews and equipment can be available for the completion for production of the Heron 1 well.”
In essence - there was nothing in place and still nothing in place.. !!
MB needs to read the frustrated chat of the sensible shareholders on this and other chat boards - and start to provide some regular updates of progress.
As I type this, price is now down to 4.3p.
Unbelievably, it’s edging closer to the 3 levels.
What is MB actually doing behind the scenes?
Appreciate some information maybe under NDA - but that does not (or should not) stop the CEO from keeping the shareholder (investors) updated and informed of progress - where possible.
Silence unfortunately continues to speak volumes about MB.