Member Info for investor33

Professional - if you could write in more legible English, rather than giving the impression that you are a child who is still learning how to string sentences together, then I might take what you write more seriously. Or maybe you typed your last post in a bar at 1am. ? Why not at least use a spell checker if you are such a canny trader ?

If some people pepper everything they write with poor grammar, typos and write in a manner which makes it hard to understand what they are writing, then I personally switch off. It's amazing how some people on here don't even know the difference between ' their ' and ' there, ' ' to ' and ' too' etc etc. It's doesn't exactly inspire confidence in their investment prowess...

Pilsbury - Thanks - it's good to know that there have been other LTHs in my type of situation. I feel more optimistic now that I have ever felt in the last 4.5 years, and yes, I agree that MB has done a very good job, despite the difficult political set up which seems to exist in Mongolia. This malicious governor has deliberately set out to thwart PM at every turn seemingly - yet MB seems to have finally outwitted him.

Professional is full of nasty schadenfreude towards the LTHs. That's not nice - he comes over as totally self-centred - gloating when the share price falls hard, and letting everyone know hat he has allegedly made fat profits through his shorting. If he trades the shares then good luck to him - however there's no need for all the schadenfreude and gloating about his alleged profitable trades and all his alleged shorting. Bad Prophet is cut from the same kind of cloth.

I've been in this since 2019 with 888,000 shares. It's been a rocky ride - and I must admit that recently I have often wished that I had just short-term traded the share instead. Several times I could have taken out a very nice profit - only to end up heavily in the red just weeks later.

Thanks WOS - that is good info. It's good news that this rogue, corrupt governor is appointed by the PM, and therefore can be removed by him. Hopefully this will happen soon. Anyway, I take it that when the District LP documentation is issued then the Special Purpose certification will be unnecessary anyway ?

Anyway, there seem to be 3 reasons why this 'land overlap ' nonsense that the governor is using as a flimsy excuse to block MATAD's Special Purpose certification are not valid ;

1) The overlap is not in an area which Heron 1 operations will take part on.

2) The Block XX PSC was signed in 2006, but the provincial Protected Area was not declared by the Province until 2014 - so therefore the Province has breached the "overlap principle. "

3) According to the last RNS the governor had already indicated that he would sign once the herds people had been compensated. MATD paid this compensation to central government months ago.

I presume that even one of these 3 points would render the governor's objection instantly invalid ?

Professional - I thought you were now long on this ?? Doesn't sound like it with all the deramping today ..Are you sure you aren't in a short squeeze ?

Badprophet : How can you say that it ' doesn't indicate any progress ' when the District authorities have approved the land usage ? That's the biggest one, given that the MMHI have already signed the Special Purpose agreement, and that there are three reasons why the ' land overlap ' issue raised by the governor will prove to be invalid. One of the three reasons is that Heron 1 is not even within the overlapped area.

Growmorecash : which part of ;

" At a meeting of the Matad Citizens' Representatives Committee at the end of February the Company's application for land use in 2024 was approved" don't you understand ?

Reading it again, it doesn't sound as though the governor has a leg to stand on regarding this land overlap issue- and that's on two counts ;

1) State Special Purpose Designation status overrides designation of provincial "protected areas. "

2) The Block XX PSC was signed in 2006, and the ' protected area ' was not designated as such until 2014.

Either way, the governor doesn't have a leg to stand on, and land usage has been approved by the District authorities. That governor is a total idiot.

So no doubt in my mind that operations will be going ahead when the weather permits.

Growmorecash : read it again ;

" the company has engaged with the District authorities to secure local level approval of LAND USAGE.'

Which part of LAND USAGE don't you understand ?

Just to correct my last post - they have secured local level land usage, however the governor is still holding back on signing the tripartite special purpose document. He has been a total t**t throughout all this.

Anyway, we are in a far better position than was apparent before this RNS - the land usage approval is a massive step forward.

There's only one place that this governor needs to be - and that's in a Mongolian prison for a long stretch. He's totally corrupt. Hopefully once MATD have the LP they can sue him.

That's why I was cautious about the statement in the last RNS ; " the governor has said that he will sign..." I wanted to know whether this was verbal or written, and whether this intent was expressed in a meeting with government officials present.

FeverTree : I looked through the GCM board, and indeed WOS has posted quite a bit on there. As you say, his style of writing is different, and he doesn't give the impression that he's from the far East as he does on here. None of the ' be happy ' or ' sir ' usage either. He writes on GCM far more like a European, albeit with the poor spelling and grammar. He still uses his rocket emojis mind you.

That's why I wish that they had stated in the last RNS exactly how the Dornod guv had committed to sign Aeschylus. For me it was too vague to just say " he has said that he will sign ...." Was this pledge to sign made during a telephone conversation/ Zoom call or was it stated in writing ? How many parties were witness to what he said if it was verbal, and was it said in an official meeting with government officials etc ?

These details really matter in term of knowing how locked in without any wriggle room the governor is to the commitment to sign which was mentioned in the last RNS. Like you, I believe that his part is the biggest uncertainty - everything else is a matter of time. Hopefully he doesn't want to be sued by a second company though.

@Aeschylus : Well I guess that would be the worst case scenario, and would prove again how Mongolian governance and its sclerotic ex-Soviet bureaucracy is not fit for purpose, so therefore foreign companies and investors should steer clear of the place....

Professional : Assuming that some of the 4 items mentioned in the last RNS have been completed, but let's say not all of them, then they may release an RNS outlining what has so far been achieved, and then making positive noises that the other stages are imminent etc. That would be better than keeping everyone completely in the dark and then trying to do a raise.

Professional : They have form for bringing out the good news followed immediately by the bad news. So when the exploitation licence was granted a raise was announced straight afterwards on the back of the price spike to about 8p. And when the special purpose designation was granted they announced the Velo duster straight afterwards.

I suspect that something similar will happen if the next RNS is positive, with the likes of Hamm bouncing around shouting " buy now guys before you miss out - this is a definite multi-bagger from now on. Last chance at this price..."

WOS - do you think that the DQE agreement completely excludes the likelihood of another raise if a positive RNS is shortly released ? I would like your opinion. I know MATD stated that they had enough funds to last until July. Surely though, even with a DQE agreement they will still need some funds themselves to help roll out a drilling programme ? Or would they ?

From what I remember, we never had definite confirmation that DQE had actually signed the contract - wasn't it just with DQE, and awaiting to be approved last time we heard ? Do MATD need the LP in order for this agreement to be concluded ? Or was there another update which I missed ?

Roxy2020 - Agreed. There is no comparison really, and AIM is in comparison with other indices is quite speculative. At one point it looked as though RR might go bust when all the planes were grounded during Covid - so some might have thought it was a punt at the time when it was about 40p.

Master82 : Or what about Rolls Royce when it was about 40p in late 2020 ? In which case no need to worry about crazy Mongolian bureaucracy or the daft land laws....

Doc83 - It's certainly not a comfortable situation for LTHs. Especially as many could probably have exited at around the 4p level without loss just a few weeks ago.

As for me - I intend to sell off a large chunk if there is another spike to 7 to 10p on good news with the RNS. Of course the likes of Hamm will be screaming ' jump in guys - it's a definite multi bagger. No risk. ' I think that it would spike sharply on positive news, but then pull back sharply again - as it has done every other time.

Also, as happened when there was a big spike on the RNS announcing the exploitation licence, I suspect that a sudden spike caused by the next RNS might be promptly followed by news of another raise. It may be too good an opportunity for MB to miss. So it's best to take a large chunk out before that happens - a spike gives an opportunity to at least partly exit, and minimise future risk. It also leaves open the possibility of buying in later during the raise.