Member Info for investor33

At the end of the day, MB established in the presentation that the price for the field starts at 150m Dollars, which is very similar to what PC paid Soco for block 19 back in 2005 when you adjust for inflation. In other words converting into today's money. And that's just the starting price.

I wouldn't be too bothered of a sale went through at that kind of price, as it would enable the company to move on to other things - block 7 plus renewables.

A farmout will only be good if the other party develops Heron / block 20 quickly, and has the financial muscle and commitment to do this. I'm not sure how quickly PC rolled out block 19 - though I know that from about 2007 onwards the production figures from blocks 19 and 21 started accelerating rapidly. Check the figures yourself - there's a report somewhere which shows this.

Filtering them is not the same as " leaving the board open "

Discussion can be had between genuine investors without having to refer to what they are saying. If they are talking nonsense then what's the point of discussing what they say anyway ? Just leave them to it, and stick to factual content and balanced debate amongst the people on here who are genuine.

"Analogy " not " analogue ."

Gravy - not really. I have them filtered and couldn't care less what they write. They are evil people anyway, and I don't engage with evil.

Ftsemajorgeneral ; you are quite correct to say that people should just filter the nutter louts on here.

If you saw a lunatic on the street who shouts and trys to get into fights with people waking past then you wouldn't stop and try to engage the person in conversation.

Yet the likes of Tenbag are seemingly addicted to engaging with them I think he spent all weekend doing about 40 posts which engaged with them, basically saying the same thing about a hundred times over. It makes no sense at all - they love the attention that the gullible keep lavishing on them. They need to change tactics, however they are seemingly addicted to the tit for tat nonsense - they just keep getting sucked in every time due to a lack of self control.

Renewables are much better - oil exploration is very hit and miss and even in Mongolia - expensive. It makes it a very risky business.

Taking a lease on suitable land and then obtaining all the necessary permissions in order to sell the project to a developer is far less risky and expensive. And eventually they may be in a position to JV as the developer in their own right.

We just needs farmouts for block XX and block 7 and then we can stick exclusively to renewables, which will make for a far less rocky road. And governments are totally into promoting renewables - the Chinese will be desperate to tap into renewable power generated in Mongolia. Plus the Mongolian climate is perfect for renewable energy generation..

Farmouts for blocks 20 and 7, plus a series of more renewables projects and the company is made. That simple.

Hamm - the same principle as a farmer with agricultural land paying for an architect and obtaining permission for say 20 houses. The value to the developer buying it is the GDV of what can be built on the land. In this case it's the amount of power that the project can produce.

Oil exploration is hit and miss and very expensive. In some ways this ibusiness model counterbalances thiat kind of risk.

Hamm ; the power figures are what the project they would be selling are capable of producing. So it's the value of what the project would be worth. Like someone who has obtained PP for a plot if land can value what is worth based on the value of what can be built on it. MATD will not be the developer - they will simply sell the development rights.

It was actually a very smart move to go down this route, yet those who criticise MB the most seem to have never understood what the renewables side is all about. People make fortunes through buying land and obtaining PP for it, and then selling the project to a developer, and the principle is the same.

Hamm - they get the renewable projects to the " ready to build " stage and then sell the development. Like someone buying land, getting planning permission and then selling the project. They won't actually be selling any power.

Corpse - once you can understand the difference between " there " and " their "then II might decide that the time is right to start listening to your opinion on companies....

It's obvious that you are motivated by schadenfreude towards existing shareholders. Another callous human being in other words.

So again I ask the question - why are you here Corpse ? Clearly you would never have wanted to buy any shares.

If Petrovis were a big player then they would have offered MATD a loan facility of a hell of a lot more than 1.5m Dollars I think the figure was.

Petrovis won't do a buyout - they are not big enough compared to the likes of the Chinese and Indian companies who are interested. Buying MATD for say 12m or whatever is one thing - but then calculate the cost of 30 or so wells with a success rate of 55 to 60%. It needs a major player to develop Heron / block XX.

Corpse now one of the main bashers on here.

And dividends can be paid if there is any retained profit in that financial year. Dividends cannot be paid out of any taxes which may eventually be due for that financial year.

Thornogson : if there has been no price suppression then kindly explain how we had 4.8p during COVID, with the borders shut and with no local access permit in place to access Heron ? Yes, there has been dilution since, but that still doesn't account for it.

Or if you like when the share price hit 10p when the exploitation licence was granted in 2021 but no local access permit was in place. Or after a 2023 rns, when after finishing the previous day at around 3p the mms spiked the price down to 1.8p on the open and then spiked it up to 6.5p on the same day. The news was really just hot air - nothing of any significance. And a week or two later we were back down to around 2.5p .....

Nobody can seriously persuade me that these micro caps aren't heavily manipulated in terms of price action.

The one bit of total nonsense that was spouted in the presentation was when they concluded that the share price is not manipulated.

It is totally manipulated.

So how many shares do you have and at what average ?

Corpse : is there any particular reason for you lurking on this board ? You clearly are all about schadenfreude.

Thanks for that abzzba.