Member Info for Doc83

"...we still have No news which makes some holders nervous."

Hamm - are you one of those that is nervous?

"Doc ; it says a lot about you that you resort to childish insults such as FOS"

Investor, you mean like this childish dig from you earlier this morning?! "accumulate when people are fearful and negative ( step forward Pro and Doc )"

"What experience do you have to even know one way or the other anyway"

I'm not going to give you my background (partly because LSE and this BB is full of loons but also if we're honest you wouldn't believe me anyway) other than to say I definitely do have experience in the industry.

But Investor, being absolutely honest, do you think MATD deserves to be 10p+/£100m+ market cap given we are still unable to produce oil and all the historical delays? I've also said that the market will only be happy once MB is stood next to a barrel of Heron oil with a big cheesy grin. And even then they'll want to know exactly what we're being paid by China and/or the MG for our oil, which logically will be below WTI/Brent prices.

Finally, why am I still here? Been over this a few times but I bought in on the raise (3.5p) back in 2021 on the granting of the EL and to start production at Heron. It was a very small holding, a real punt, and I took no notice of it until December 2022 when the SP started to reverse and MB said that the MG had told him back in October 2022 we'd be good to go "in 1-3 months"! Since then, it's been like a sick joke with more bait dangled every few months that we're "nearly" there. You are right about one thing - I do suffer from FOMO ;) and while it would be annoying, I can afford to lose the lot so am sticking with it as if it does eventually "BOOM" and I'd sold, I'd be kicking myself. My AIM stocks are also the spice to my portfolio and some fun, and I'm not here for 5-10%. That said, it has been so long now that I would likely sell a chunk at 8p (as things stand today). Clearly, circumstances can change and if there is some mind-blowingly positive news, that price target could change.

Dippfs - as I said yesterday, they can have all manner of NDA's and negotiations going on in the background. It still doesn't mean they can swerve their regulatory responsibilities. I am quite confident the reason for the delay is not a good one.

My guess, the auditors haven't signed off on the accounts. But surely they would still be obliged to inform the market and that the AGM will be late as a result. There was also what seemed some vague suggestion from TommyD of a shareholder revolt but I don't see how that would delay the AGM. Either way, they don't seem to care. And that has to be a concern.

Investor - you talk a good game but really are FOS. MATD has been delayed endlessly, and continues to be. The latest reason being DQE, which I warned on I think a year ago, when multiple RNS’s far apart were spouting the same “we remain in negotiations with DQE” or words to that effect. While we have always been critical of the SP, the market has had it right.

FYI - to date, I am still yet to have ever sold a single share.

I’ve just added up nearly twice as many sells as buys?

Are we agreed the 4p support didn’t hold? Investor, is this still MMs snapping up cheap shares and where is the next “support” level?

"So why are there twice as many buyers as sellers today in terms of the monetary value of shares ? What you wrote is not logical. If sentiment is as bad as you make out, then surely it should be the opposite ? And anyway, only 2 seeks has elapsed since the last RNS - do you want one every week ?"

I gave you a plausible reason. There might be a large sell(s) that do not have to be reported during or even on the day. You spin the same lines over and over again, and by your logic the MMs should be overflowing with MATD shares because all they ever do is snap up weak holders shares! But that's not the game MMs play. Sure, they hold positions to provide and orderly and liquid market but ultimately they are looking to make their money off the bid/offer spread. Holding a massively long position is highly risky for them.

Re the RNS, in this instance you know full well we are hoping for one very soon otherwise DQE will be busy with PC "from early Q3" (i.e. July!), we'll have to find another provider and negotiate (from an even weaker position) and we could well end up with another dead year as far as production goes.

As said before, you make it sound very easy, a dead cert even, which begs the question - why aren't you off sunning yourself on your £100m yacht from all the profits you've made from all this?

Master - we know MATD have been in contact with DQE for years. I’m sure MB will be willing to sign up to a duff deal just to get things moving.

I reckon it will be DQE delaying. We’re ultimately a competitor to PC, regardless of the fact they’ll get some money off us. And/or they know they have us by the balls and are offering us a terrible deal.

This has fallen because the days and weeks are passing by yet again. We know DQE has to start work asap as they will be working with PC in as little as a few weeks. I’d say we need an RNS by Monday but certainly some time next week. Yes, this is derisked somewhat, but the market won’t like further delays. We need to start producing oil and generating revenue, simple as that.

Could be a large sell that hasn’t been reported yet.

"Doc the difference is MATD is not at risk of being confiscated."

This is still Mongolia, a third world, corrupt country if ever there was! While unlikely, there is some risk.

"It’s Matd time imho gla"

As you're not someone who typically ramps, that means a lot... :/

Kongolasse, are there rumours to this effect that he needs to deny?

Master, people have been pumping MATD for years, and we're down over 1, 3 and 5 years!

Tommy - are we agreed that the AGM has to happen by 30th June? In which case we either won’t get the 21 days notice or it will be late. They need a damn good explanation/reason for either of those.

As for the utter nonsense on no AGM at all, very possibly. But while you’ve heard from the company, the rest of us haven’t. And when a company starts missing deadlines and doesn’t communicate, I think we’re within our rights to show some concern.

As for attempts to remove directors, I wasn’t aware of this. Can you elaborate?

MrCosts, they've not missed the deadline for reporting full year accounts, yet. But they have for the AGM notification. And that makes me concerned - what will the results, or more importantly any forward guidance/statement say? "Erm, we're not sorry we missed the AGM deadline/not having an AGM at all because we're off anyway!"? And if they've come up with some convoluted way to legitimately delay it, why? If hypothetically they're in talks to do some deal with a BP, that does not mean they can swerve their regulatory responsibilities. If a deal is done, it needs to be RNS'd immediately. So it leads me to think it is not such good news.

A lot of us have lived and breathed this company over the last few years. While I'd made peace with the fact this could end up at zero, I always thought it would at least be on the back of another crack at a trial. It would be very disappointing if we don't get to see this through another set of trials, as while my faith in the BOD is nil, I do still believe in the science, yes - 20 years on.

For the Game of Thrones lovers, the Sept represents us PI’s waiting for the AGM and Cersei represents the BOD and TFG 😜

“They know they’ll be consequences which means they don’t intend to suffer them!”

https://m.youtube.com/watch?v=P3EDvBmI_lA&pp=ygUYY2Vyc2VpIGJsb3dzIHVwIHRoZSBzZXB0

I don’t think there’s much suspicious about John Ward leaving. He looked completely out of his depth at the last AGM and either told a porkie or didn’t know basic information when he was asked a straightforward question.

I mentioned a while back that I wouldn’t be surprised if there was no face to face AGM and now we’ve missed the deadline to announce it. Now I’m wondering if we’ll have one at all. Something funny going on. And from the look on RM’s face last year when he was taking some hard questioning, I doubt he has our best interests in mind. My gut feeling is not good, but we’ll see. I will happily eat humble pie.

We will certainly know very soon what the hell is going on but, be in no doubt, what is going on is highly irregular. They have missed the AGM notification deadline date. I asked for the opinion of a contact and someone who is very much on the ball with these things and in his opinion the most likely cause for the delay is that the auditors have a problem and, for whatever reason, they've not been able to finalise and sign off the accounts. Now, the company secretary has told Tommy we'll get the accounts by the end of June but perhaps they are not 100% convinced on that, hence not setting an AGM date. We can't possibly have spent all that cash, so perhaps it's Spacman's theory on the whole going concern thing. I did also mention that perhaps they have something positive going on behind the scenes that could be delaying things and was told, good or bad news, that does not mean they can avoid their regulatory responsibilities, for which there are penalties for the Directors.

SP down on this RNS?! It's a mad, mad world,