Member Info for Doc83

Hang on a moment, Master82. We were 5.5p not so many days ago. We are now 3p.

I think I've given my MATD history before but I bought in a small amount in the summer 2021 raise at 3.5p. It was a punt, pure and simple. I was pleased, but cautious, with MB's presentation/interview in December and so decided to increase my holding to something more worthwhile. I suppose I agreed with the point made that if MATD didn't get the LP, then it would reflect badly on Mongolia and the international community would be reticent to invest any time or money there.

However, IMO MB has been very naughty here. He made it very clear there was to be no cash raise. Now, if circumstances have changed (maybe for the better, we don't know) then he needed to communicate this. I also don't know why ordinary PI's weren't given the opportunity to take part in the main raise... all a bit fishy.

As for the raise and me taking part, I seen the SP rise to 2.9p and felt there was a good chance it wouldn't fall back (in the very immediate term at least) to 2.5p so thought I'd try to get some. I was also fairly sure we'd get scaled back, which we did, but we still got 67% of our additional requests. I now have a fairly chunky holding which I'll be trimming back at some point but I'm going to most likely wait for the AGM as Dozzawba suggests.

iamrich - well said. My frustration is more that LTH's seem happy to not hold MB to account.

Trinityman - the advert for US comm ops is old and now defunct.

Who are the 2 people that 'like' Unwiseowl's post?! Seriously, have a word with yourselves.

UWOS - silence. You were telling people to not bother with the retail offer at 2.5p because it would be oversubscribed and to instead buy on the open market at nearly 3p. I got 70% of my order and saved myself plenty of money.

I can also dislike and be wary of the management team but still think there's money to be made.

bigbench - does the fact the LP is delayed yet again not concerning for you?

I've taken part in the retail offer with extra allocation and hope Dozzawba is right. But I do think MB needs to explain himself.

Dozzawba - good advice which I think I agree with.

Maestro - MB interview/presentation of 6th December, he clearly states “we are fully funded for Velociraptor 1 and a start on 2, as well as renewables work” and that there would be no need to raise cash for the foreseeable future.

Furion - similar % allocation for me. Just whether to cash in now or hold. Pre MB lies and/or misleading, I would definitely have held.

UWOS - is this the same “fully funded” that MB said we were just before Christmas?

Size82 - you could well be right. Regardless, if we get on a P3 trial the SP will move significantly higher from here. And a successful P3 (admittedly far off right now) and the sky is the limit.

ironknut - it's not over yet.

It might seem unlikely because of the silence, but what do you think the SP would do if they have landed a trial like strive and/or JV with a BP? More P3 trials pass than fail. Sadly, SNG were one of the failures. But you'd like to think it unlikely of messing up two consecutive P3's, but of course it's always possible. The market could decide in a flash that we should be valued at more than when we passed our P2 and shot to 250p.

I said just before sprinter results that success or failure would mean either £10 or 10p. We hit 10p. Another trial would surely be our last chance. Some of the upside might have gone, so think 0p or £5+. It's massively risky and the odds are potentially against us, hence the potential rewards.

And it’s not up 1.4%. It’s down 40% courtesy of MB

UWOS - it was oversubscribed but you still got 67% of any additional allocation. I think I’ve got 71% of my order. Will confirm later. So much better I got them shares at 2.5p rather than 2.7-2.9p when you were banging on.

Silly owl.

So it looks like it was definitely worth getting your shares through the retail offer rather than the open market. Poor advice from unwise owl once again.

If putting in an order, you effectively got 24% of your current number of shares and then 67% of any additional shares subscribed for. Not bad. If the sp holds above 2.5p of course.

The moral of the story? Don’t listen to UWOS.

Tommy, a lovely dream that is. And on that note I’ll say night to all!

Tommy, I suppose my point is more that the communications aren’t the best. I’d like companies to give their shareholders quarterly, or at least half yearly updates. While I appreciate that they couldn’t tell us for example about strive, it also doesn’t sit comfortably for me that a company can go radio silence to its shareholders.
Even a Katie interview with him smiling and saying yes, they have a job advert out but can’t say much more than that and we’re all busy bees.

Before we go comparing Polygon, let’s not forget that they meet with Synairgen every 6 months, possibly more as confirmed at the AGM. We don’t even get a Katie/RM flirt-a-thon anymore. They could very well have had the RM smile. Or if news wasn’t so good, what are they going to do? They can’t sell out such a large holding in the open market. And sack the board… hmm, maybe. But I don’t see what that would do either in the short term.

I think a year is plenty of grace after what was a quite stunningly bad outcome last February. Time for some comms now.

Fruits - I’d be happy to attend an eveninG EGM so as to not distract them from their daily duties. Some of which they can explain to us!

10 million shares? A lot. But I reckon we’d just about rustle up enough ;)

Happy to throw my votes in for an EGM. The lack of communication direct to shareholders is disappointing to say the least. Even if it’s just to say we’re working on things and are still all alive, so be it. But to remain so silent (to shareholders) doesn’t sit right with me. All IMO.

Paladin - they would want the whole lot. Not just 50%. That would leave potential for someone to have a 25% stake and start blocking them doing certain things.

If I was a BP, I’d be looking at SNG001 and asking could they get this successfully through a P3 trial? If so, they’ll make plenty of money and so just make a half decent offer be done with it.

Ghia may well be right with his theory but I don’t see that happening. But I am worried that something very underhand happens that we haven’t considers and us peasant PI’s get royally screwed over.

MrCosts has gone very quiet. It was around the time he was messaging the company for updates. Maybe they gave him one but told him he'd have to sign an NDA and STFU.