Member Info for Doc83

Horsers, even with payment of our oil, $2m per year isn’t enough to keep the lights on and pay salaries. So what’s another $1m going to do?

Nope, it’s a raise and hope to hell they get another well online ASAP.

Adw, I still wouldn’t rule out a raise. MB will hope it recovers a bit but at this point I think he’ll accept it’ll have to be done at a penny or close to it.

It will mean he earns another year or $500k (minus 20% of that into the raise, LOL!)

We will barely be clearing $2m from Heron 1 now. It's not nearly enough to run the company.

A raise now would be at 1p max, £6.4m. And we know how quickly that amount of money goes with MATD.

I struggle to see light at the end of the tunnel. Perhaps a positive curveball with Gobi, Gazelle maybe. But ideas of 5p, 12p, 20p, 50p... it's utterly ridiculous.

MB did do one thing right...

Always release a duff RNS on a Friday!

Richar - you f*%££$ disgucting dramping scum.

That's a decent chunk of my shares now sold. The first time I have ever sold MATD shares, that is how badly I view that RNS.

It is, at best, complete incompetence from all involved not to identify or ask questions on the potential tax implications. Or, IMO more likely, there is foul play at work.

The cherry on top is Heron 1 down at 160 bopd... supposedly one of the best flowing wells ever seen in Mongolia!

We now have intentions of developing Heron, Gazelle, Gobi, Borzon and renewables! Oh, and keeping the lights on and MB's $500k package.

With what?! 160 bopd, LOL.

"267k buys vs 170k sells - this is a liquidity exercise. "

The nonsense that you come up with beggars belief. It was a shocker of an RNS, worse then even some of the most pessimistic were thinking.

I agree with Stas and some other person I can't recall from earlier on the tax issue... you'd just pick up the phone to MRPAM or whoever?! This is totally corrupt.

30% fall hurts. A minor plus is that the likes of TBT now look even more silly than they did before 😆

Thornogson, 160 bopd is not enough to keep the lights on. They’ll be some form of raising funds now.

Proquo, you’re not fooling anyone by claiming to have me filtered… you clearly haven’t.

This will disappointingly see a 30% fall today. And alarm bells will now be ringing re finances. The coffers are running dangerously low and there will certainly be no cash soars for any works on Gobi, Gazelle, Borzon or wherever else. But a raise at such a low price will also wipe out LTHs for good.

3p by close?! 🤣🤣🤣

I recall saying I think back in August last year when Heron 1 was being worked on, that the market would only believe we would be paid once cash had actually hit our account. Because there’s always some problem. And here we are again. It’s a scam

Or maybe an apology BRV to those who been cautious but shot down for it.

Abzzba, still 5p by next month???

I reckon this could go to 1.50-1.70p range. It’s pretty bad.

“What were people expecting?”

Erm, to be paid. And not read of a 20% reduction in production at Heron 1!

That is anything but a sold RNS.

I fully expect we’ll be back below 2p, and probably by quite a margin.

Incompetence from MATD but more concerning is that PC could have asked about this months ago. IMO they are deliberately frustrating the process and have no intention of paying.

No wonder the paid employee WOS scarpered.

Oh my days!!!

NO payment, surprise surprise!

160 bopd?!

The rest is BS designed to distract from these two most important points.

Still 5p by June?!

🤦‍♂️

Wigster, don’t worry, we can have a 5p party next month 👊

Mojito - early finish for the party - these snowflakes won’t be able to handle a late night!