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Oldscool, I'm starting to think that that is now the only plausible reason, I know they need energy independence but the refinery and pipeline only really started making progress when Matad found oil ๐ค GLA
Also anyone else think the AGM was centered around the question that were submitted? Wonder if that's why questions needed submitting 2 days before, give the shareholders what they are asking for. Correct master why no mention either at the AGM or in the RNS? There was no mention of anything DQE or PC ๐ค Maybe that's just my suspicious side ๐ All will be revealed eventually. GLA
Master there are a couple of flaws with your analogy, 1, didn't PC give MATAD seismic readings to block XX being just over the fence? 2,And no contracts signed due to MATAD not having all necessary paperwork, why would DQE or anyone commit to something that needs finalising 1st and be stuck in limbo waiting on government officials to pull their bloody fingers out. mho, the governors holding out for his brown envelope, besides PC has enough of their own k r a p going on as everyone is aware. I can't quite put my finger on it but something definitely does not feel right. 5 year and still no production. GLA
Roxy, I don't know maybe Petro China was the governors 1st company dealt with but received a brown envelope from them and that's why he's playing hard ball because they've (PM) gone the rules route? ๐ค GLA
Roxy perhaps this may help a little https://lehmanlaw.mn/blog/tag/land-law/
On a less serious note, master seems like a lot of effort put in to just invest a dollar (and I am only kidding when I say that) Google translate is definitely not the best ๐ I often find that taking a snapshot of the dialogue on the page you want to translate and run it through Google lens also let's you listen to the translation in english. Hope this helps. GLA
Irony, you buy an electric car to save the planet and a tree falls down and crushes it. GLA
Just had a listen to the AGM on line and can confirm my 2 questions did get answered. Good evening, My name is ---- ------ I have been a shareholder for many years now and have a couple of question for you at this year's AGM, can you let shareholders and me know (1) would the Board members and staff be willing to take a reduction in pay until the all formalities and paperwork has been signed and paperwork in hand so that Heron can start production and (2) are all fees still being paid for the block XX licence area whilst we wait for these formalities to go ahead as it's been a few years since the Exploitation Licence was awarded and would like to know if we're paying for something we cannot use many thanks ---- ------ GLA
Of humble pie been eaten today. GLA
It would appear my question got an answer about the pay reduction but will need to see the full transcript when it is uploaded to their website as I couldn't get onto the call. GLA
Got to wonder if MATAD where discussed on Cameron's visit. https://youtu.be/PaXQVOkSOc0?si=75ljpKaxVb1gpsdQ
Someone had to much vimto last night I see ๐๐
Cybertron, read the post correctly, fact, worst case scenario not "maybe" doesn't mean it couldn't happen. I wouldn't say they couldn't raise cash either, some companies raise at a fraction of a penny megga dilution perhaps, confetti ukog or 88e for example. Just what is the truth with this company? Well I think one way or another we will find out on Tuesday and once again be prepared for all eventualities. GLA
My 2 penneth worth, worst case scenario MATAD delist??? GLA
Seen as we're not a producer "yet"? and have no revenue coming in other than " cash raises" "are the fees for the operating licence of block XX on hold" as it is down to local and national government that we're not able to bring oil to surface, perhaps another question for the AGM. 5 years of fees for something we can't get our bloody hands on. GLA
Roxy, In the words of private Frazer " we're all doomed" But the show goes on ๐ GLA
Paraphrasing "Why would a CEO produce such useless RNS time after time to inform the market we are still working on it" it is because shareholders keep on demanding them,, yes lack of coms doesn't appear to be very professional but then neither do the RNSs. Still get the feeling ya been cheated. GLA
See you still have your rose tinted on cyber, if this was nothing to do with elections why was it mentioned in today's update?? However, with 2024 parliamentary elections looming and central government moving slowly, we are pursuing the local solution as a priority. We are also pushing the central government hard to resolve its internal issues which have created the frustrating obstruction of the state special purpose certification process for Block XX. GLA
What's the point to the AGM now, all resolutions passed, see you in 3 months time after the elections. Thank you and good night ๐ด GLA we sure need some.