Member Info for Doc83

GMET also has a bigger market cap than POW now!!!

Master82, I vehemently disagree that we should throw more of OUR money into bribing/influencing anybody. We've paid plenty already, it's not worked to the point where we are still unable to produce oil today, and we would be just as bad as the corrupt people if we partake in such activities.

If no oil this year, then enough surely is enough and they'll have to go down the legal route.

Josh - you seem very bitter about the situation and of management. Can I take it you’ll be at the AGM?

MrCosts - are you taking up the offer to go along, all expenses paid?

Yes, absolutely you can. Mine are, and I would guess 90%+ of holders on here are held electronically in nominee accounts.

“Doc you are a day trader. You are only here because your in red. I was in huge profit last year but still didn't sell.

You've bought and sold few times.”

LOL, I’m about as far away from being a day trader as is possible! I am now in the red, though. Only very slightly (bear in mind my largest top up by a mile was the 2.5p raise) but yes, I’m sat at a loss.

“Doc, what happened to you? Mute now!”

Hamm - give me chance! I was only gone an hour or so to have some tea 😂

I think Hamm is the day trader. I’ve never known any other poster so blatantly flip and flop from one extreme bull or bear case to the other. Master, I think you just get a bit hysterical when you realise that actually this is very high risk and very possibly won’t come good, and are probably overexposed.

“Doc pot calling kettle black.”

Master, do you know what this saying actually means?

Wake up, Master82. MB might have made missteps along the way, but this has been delayed primarily due to Mongolian bureaucracy and a corrupt, unsupportive governor.

Hamm - a “gift” to influence them is a bribe!

Got to say, disgraceful from both you and master82. Both so critical of the “nayers” in the past, now flapping with the best of them. I’d like to think a lesson learnt for you and maybe some humility could be shown, but probably not. I’m sure if we get a slither of positivity news you’ll both back to super ramp mode “hold onto your golden tickets, it’s just a tree shake”.

“Worst case is that Synairgen are poddling along at their own speed with no significant partners and are not close to starting.”

My gut feeling is just this. Oh how I want to be wrong.

“I'm still amazed that nobody seemed to raise a question in the AGM with MB about likely/anticipated timescales for the District land access paperwork to be signed off. For me it was question no 1 to put forward - but oh well.... ”

As Wigster says, everyone had the opportunity to submit their questions well in advance of the AGM. But to me, MB made it quite clear that he could not give timescales for anything and cut a highly frustrated figure.

But master, the locals are happy now so why do we need to give them any further bribe money?

Spacman - I’ve had the pleasure of meeting SSH a couple of times now at the AGMs. A genuinely lovely guy, clearly brilliant back in the day but these days is definitely nothing more than a figurehead for Synairgen.

I’ve been supportive of the team since at awful February day in 2022. I think they deserved a chance to right the wrongs. But I do believe they’ve had enough time and I’ll be very disappointed if we don’t have materially good news announced by the time of the AGM. And if they don’t have good news, and/or haven’t been bound by NDAs, then at the very least they could’ve better communicated to shareholders. The radio silence (if it hasn’t been forced upon them) is bang out of order and shows utter contempt to long suffering holders.

Personally, I liked the fact MB said they don't deserve it. We've paid plenty of bribes (yes, they are exactly that and we weren't building wells just for charity) and we still aren't able to produce. Yes, it may have worked with the locals now apparently on our side, but I think we've done more than enough giving. It's now time to take.

Ojay - such an insincere question, but a raise (if we are producing) to expand Heron operations/wells would be an obvious positive reason to raise. The point is, we definitely do not want a raise for working capital AKA to keep the lights on.

It's looking to me like no production this year. Either way, I'll be surprised if there isn't a raise at some point this year. Not scaremongering, and it's feasible the raise will be seen as good if it's to fund something worthwhile. A raise simply for working capital would not go down well, though.

WOS - the AGM was patently NOT positive. You might be able to argue not negative, but c'mon, even potential legal recourse is now being talked about. Even MB himself sounded exasperated with everything.

It simply said "AGM resolution 5 was a big red flag"?!

Anyway, this is what he was on about:

"Amendments to the Articles – disapplication of pre-emption rights (Resolution 5)

Under Article 6 of the existing Articles, the Directors have the power and authority (without the need for

further approval from shareholders) to allot and issue ordinary shares in the Company (the Ordinary

Shares on a non pre-emptive basis:

(a) if they are, or are to be, paid up wholly or partly otherwise than in cash;

(b) pursuant to awards granted under the Company’s long term incentive plan or any other share

option scheme adopted by the Company; and

(c) otherwise than as provided in paragraphs (a) and (b) up to an aggregate nominal amount of

US$2,246,904.12.

In accordance with the Articles, this authority will expire at the end of the AGM of the Company.

We are asking shareholders to approve certain amendments to the Articles to renew the authority to

disapply pre-emption rights on the issuing of Ordinary Shares representing approximately 33% of the

total issued Ordinary Share capital of the Company as at the date of this notice. It is possible that in

order to meet future financing requirements, the Company may decide to seek to raise funds by way of

the non pre-emptive issue of Ordinary Shares.

Likewise, my email/calls to Peter Hitchens have not been returned.

"Do you now regret that you have invested in matd?"

Yes.

Hamm - Do you now regret being so rampy/hypy, saying this was all guaranteed and also criticising those who were less positive than you?

Hamm - what happened to "hold onto your golden tickets, guaranteed multibagger!!!"???

Looks like a sell given the time it executed. And probably the reason the price has ticked lower.