Member Info for DazzerG

“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.

Gary Brock - best post of the day so far.

WOS - whilst there has been a lot of bluster in the past few moments - fair play to you. Take a bow..! :-)

I tip my hat to you..

I agree also.

MM’s manipulating the market to their advantage.

Have noticed over a long period of time - unless there is a positive RNS - the share price is forced down in the beginning of the week - and then on nearly every Friday, the price goes back up to enable the MM’s to make their weekly profits and targets.

Bit of a joke really.

It’s gotten so obvious now, that even my wife - who has absolutely zero interest in the shares market - has said to me, “it must be a Friday - prices are up”..!

She makes a valid point.

Well said Chessmaster.

The sooner MB resigns or better still, removed from his position - the better.

All these years - no licence..!

Drilling now - but no licence..!

It’s school boy’ish at best. More like simply embarrassing.

I also agree with you Manro…

It’s becoming obvious as each day goes by, that MB appears to lack any leadership skills and any key competencies.

How has he managed to let things drag this far - and still no benefits to be shown.

It simply beggars belief.

Master82 - your point - “MB forgot to do his homework and didn't get permission from local government and this is the only reason why we are in this situation”.

If MB has not done the basics (or his team have not carried out the standard basics) - then not only is that embarrassing - I’d say it is highly unprofessional.

MB should therefore consider his position..

Hi all..

I know we all saw the RNS operational update on May 22nd - but as usual, and it now being June 8th - it is noted that Mr Buck, as per usual - is still silent when it comes to keeping investors updated with progress.

To summarise the key updates from May 22nd - with bullet point 1 below, now just 7 days away from forecast - being first half of June. Any updates please Mr Buck to the shareholders?

Operational Update

Key Company Updates

· Rig arrival and Velociraptor 1 spud are forecast during the first half of June.

· Mobilization of site construction equipment to the Velociraptor 1 well location has commenced.

· Documentation proposing the certification of the Block XX Exploitation Area as Special Purpose Land for submission to Cabinet is being prepared by the ministries responsible.

· Negotiations with the Government for a new block in Mongolia's 2023 Exploration Tender Round are continuing.

I don’t post often, but read the comments daily.. Have held a decent volume of shares for 6 years now.. Very much a love/ hate relationship with Petro Matad.

To the rampers - Wiseowlspeaks, iamrich, vikingglass, hamm, master …. Now is time for you all to hide under a rock. Truly embarrassing..!

I’m so glad I green filtered weeks ago.

Worryingly I have a bad feeling this is now going to plummet to 3.5p or lower in the coming days/weeks.

Now unfortunately it is time for a review of my holding.

Dear iamrich

Grow up… !!

It’s not “de-ramping” …

It’s called having a genuine opinion and concern.

Dear MB

I know the majority of us are classed as small investors and merely treated as minions - but that term is relative subject to how much each individual has invested into Petro Matad.

If MB had a CEO leadership skills, he would have by now provided an RNS update - even if only to calm the respective nerves of ALL investors.

I know there are some on here who frown and make insincere digs when someone has a negative view about PM - but for the share price to have plummeted as much as it has - then I think it’s fair and proper that we ALL should be concerned.

Regards.

Dear Mr Ostraliamate

Whilst you may some valid points, there is one point missed.

The corporate governance of PM to keep their shareholders informed with updates.

That’s very much a standard governance, with unfortunately PM appearing to have forgotten those core fundamentals.