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“Reason AGM is in Mongolia is because they are base in Mongolia - and it happen EVERY year in Mongolia!
Focus on Investment - not useless Chit Chat!”
But MATD is also a London-listed company with (I would guess) most of its shareholders UK or European based and outside of Mongolia, with the exception of Petrovis who can get a meeting with MB any time.
As for the AGM itself, last year you were able to ask questions in written form during the Q&A. This time it appears you have to lodge them beforehand which makes it a little more difficult as we could very well be given new information, that might be positive or negative, that could mean we have questions for and wouldn’t have known to ask prior to the AGM. The cynic might say this is deliberate as the news might not be so good, and MB won’t want the flak.
Hopefully I’m wrong and you will be able to ask/lodge questions during the AGM as we are presented with new news.
Oh, Ojay!
Just try to remember I've been more right than WOS, I'm genuinely sad to say.
And I'd say I more bad mouth Mongolia than MATD?! But you carry on with your happy clapping... GO WOS, GO WOS, GO WOS!!!
Did I say I'd leave LSE? I know I said this:
"Completely agree. My own estimates have come right down, we might even struggle to hit 8p now but I’d be selling the majority of my shares if it does."
That stands. If I said I'd leave the MATD board if we hit 8p, then I'll stand by that, too. If you can find it.
“RNS - Expect it to be Full Operational Update with work schedule and base on preparation company already making.”
Anything less than “we are 100% going to be producing oil on x date” will be a negative for me. Anything like we “just” need another signature or sign off from someone else, i.e. more delays no matter if it’s supposedly simple, will be highly concerning.
Thornogson - you've just expertly laid out why this isn't "just" a signature we're waiting on that might take two minutes, contrary to what many might want us to believe. After reading your post, I might have to reassess my June/July expectations!!!
I do still maintain that if we are still mired in Mongolian bureaucracy and they haven't managed to get pen to paper by the AGM, the SP will react quite negatively.
Cyber - given that it is as simple as a signature that is needed, this must have happened after 6 weeks? WOS is saying MB wouldn't RNS this (I think he should, or at least do a Proactive interview, given that signatures and the like are what have held us up for so many years), but will instead announce it as part of the operational update on AGM day in a couple of weeks.
So knowing all that, are you all in on MATD?
I'm not sure there have been more sales. The midday ish £20k trade followed almost immediately by a £19.95k trade is blatantly a switch into an ISA. However, LSE simply shows trades that were nearer the bid than offer as sells.
You do talk utter conkers, Roxy! In recent days: "Rise now imminent. No question about that
Folks you are looking at 8p plus here."
"If the RNS is on its way tomorrow or Wednesday consider this at 8p as a minimum"
Today: "Operational update soon or not this is not an investment that will change fortunes overnight... The simple facts are that many have jumped here in the belief that a few quid can be made quickly and that an RNS will open the treasure trove."
I'm sure many would consider a 100% rise to be making a few quid quickly?
"If you think Matd can proceed regardless, then I would like for MB to state that. But he hasn't."
And that's the nub of it, right there. MB and MATD RNS's are always unclear/open to interpretation, as has been mentioned by several of the sensible/balanced posters on here.
“People still do not understand - Company do not need to RNS physical signature of Agreement if they have already RNSd Agreement.”
I’m not suggesting they should or should not. But it will absolutely be confirmed at the AGM/operational update if it has been signed or not. If the answer is yes, I fully expect a moderate rerate. If it’s no, well…
As Manx says, this is the key bit:
A land use agreement is now being prepared which, ONCE SIGNED, will allow 2024 operations to go ahead. Has it been signed? We'll find out soon!