Member Info for Doc83

Prof - I’ve never professed to be a trader… too busy for that. I’m a long term investor. I’m also not here for 1 or 2%. But you harp on non stop about how much money you make from trading and yet still seem to need validation from everyone else, so if it helps… go on my son, well done!!!!!!! :D

Re the address change, I don’t know how much space they had at Southampton hospital. Maybe the hospital needed the space and they’ve asked them to vacate?

“The confirmation statement must always be filed however, even if this is overdue, as failure to file the confirmation statement is a criminal offence. If you file it too late Companies House may strike off the company (close the company) for non-receipt of the confirmation statement.”

Finnwittrader - I’m as negative as any here on the timescales, but even I’d say it’s definitely feasible the LP could arrive sooner rather than later! And of course Velociraptor should definitely report within weeks.

Rich - be honest, if LP still hasn't arrived in 5 years, you'll still be saying you'll be happy to wait a few more weeks.

Investor33: "So if it's not mm manipulation then presumably you believe that the market deemed after the last RNS that MATD is suddenly worth half its market cap ? "

Or you could say that MMs still think MATD is worth 2.5x more (from December price) to now, despite nothing fundamentally changing, i.e. still no LP.

Master82 - it's nothing of the sort. It is simply that the SP rose from 1.6p all the way up to 7p+ on anticipation of the LP following MB's "1-3 month" comment. That LP has, for whatever reason, still not arrived and so the market is having its say. This was always going to happen... no LP and the SP will continue to drift lower.

Unless of course the 20% chance comes in with Velociraptor.

leroy - then get down to the agm and make sure you ask him some tough questions that he can't give rehe****d answers to?

Curious, I think SNAILS PACE!

It's in the directors statement.

Renewable Energy Opportunities in Mongolia

"Petro Matad continued to explore opportunities in the renewable energy sector in Mongolia through 2022 following Board approval to do so in 2021. Work was done to investigate the technical and commercial drivers of solar, wind and battery storage opportunities and to evaluate local partners. As a result, a solid relationship was established with Sunsteppe Energy, an experienced and well connected local developer with a track record of bringing projects to construction ready status and finding investors for the construction phase. A joint venture has been established between Sunsteppe and Petro Matad and work is now moving forward at pace to generate a number of renewable energy opportunities that have the potential to add value and generate revenue in the near term."

Lebus - MrCosts has made his views well known to members on here. He’s been repeating it non stop for 16 months.

We’re saying: “we are fully aware of your issues with the company, how about you now tell said company?”.

The rampers still banging on about the word “shortly” in the RNS. But forgetting that it also says they “expect” it shortly. I’m sure they “expected” the LP issue would have been sorted out many months ago!

The fact is, June has 8 market days left and will likely come and go… half of 2023, gone! Quite incredible how this continues to drag on and on. And on.

SD2019 - you took the words right out of my mouth re MrCosts. With 500k shares, the AGM should be right at the top of his list of priorities. To miss the AGM two years running smells a bit fishy to me.

Vikinglass, I hope MB does have a contingency plan in place. Just imagine if we do finally get the LP and negotiations are still ongoing with DQE. They’ll know how desperate we are after all these delays and we could end up held to ransom. Another MB mis-step coming up, perhaps?

It seriously can’t take so many months/years to negotiate a friggin drilling contract ffs. DQE surely do this all the time and it can’t be that difficult.

Vikinglass: “ Could it be due to the fact we dont have LP and therefor not able to finalize this??”

The RNS don’t say that, though. They clearly state negotiations ongoing. Not “all concluded and ready for sign off once LP finally given”.

These “negotiations” with DQE could be the next stumbling block. Reading the old RNS’s from MATD (always quite an hypnotic experience given that they usually say the same thing!), progress with DQE appears to be equally glacial. I can see us getting the LP and then DQE holding us to ransom.

05/05/22: “Petro Matad continues to work with DQE Drilling (DQE) on its proposal to enter into a cooperation agreement that could accelerate Heron Field development activities. Petro Matad has supplied a multi-year target work programme and this is under review in DQE's headquarters.”

05/12/22: “Negotiations with DQE Drilling ("DQE"), the main provider of drilling services in Mongolia, have continued and a contract for a multi-well development drilling programme is in the final stages of discussion. The contract envisages a reduction in drilling costs and deferral of some costs to allow a portion of the drilling expenditure to be settled from future production revenue. The contract still needs to be finalised and agreed with DQE and then with MRPAM, but the cost reductions and payment phasing could significantly improve project cash flows and overall asset value since the largest portion of the Heron development costs are drilling related.”

14/02/23: “Negotiations with DQE Drilling ("DQE"), the main provider of drilling services in Mongolia, have been completed and the contract for a multi-well development drilling programme is with DQE's head office for review and approval after which we plan to seek the approval of MRPAM. We have also been approached by other service providers looking to enter the oil sector in Mongolia and we are reviewing their credentials and equipment to see if they may offer a competitive solution for our needs now or in the future.”

20/06/23: “Negotiations with DQE Drilling (DQE), the main provider of drilling services in Mongolia, have continued and a contract for a multi-well development drilling and completion programme is in the final stages of discussion. The contract envisages a reduction in drilling, testing, fracking and completion costs compared to the previous drilling campaign and includes some deferral of costs to allow a portion of the drilling expenditure to be settled from future production revenue. The contract once finalised will require MRPAM approval and discussions have now begun. The cost reductions and payment phasing could significantly improve project cash flows and overall asset value since the largest portion of the Heron development costs are drilling related.”

These RNS’s are just painful to read.

It might say SHORTLY. But it’s also preceded by the word EXPECTED. MATD has been expecting things to happen for a long time.

Good to see we’ve been keeping up the bribes by planting some more trees and fitting eco toilets… FML.

And how the bl00dy hell are we STILL negotiating with PC and DQE?! That in itself seems worrying.

But, we’ll all be millionaires by 9th July, so let’s not worry.

“Hurrah.. made the day over 4p... ffs”

Not the bid/sell price. Which let’s face it is the one that matters to shareholders! But it doesn’t matter because by 9th July we’ll all be millionaires.

WOS - as you have said, MATD are the guinea pig for the new MG process and procedure. So all your gazillion words on why you think it’ll be sooner than September are worth no more than my words.

Although your track record with predictions is dreadful, and that alone should give my prediction far more credence than yours!!

WOS: “ When I give timeframe for LP was right with all info that was a ailable”

And that’s the thing. With investing, we don’t always know the full facts. In fact, nearly all the time we don’t know all of the facts, so you have to think outside of the box! Clearly, you struggle to do this and are more like a human bot. Perhaps a bit more experience in investing will have you realise this.