Member Info for Jimithebrush

Gunna be one hell ova bloodbath tomorrow. Don't look like I'm gonna get my 3.5p anytime soon either. 😡

I bloody hope not, don't want the SP dropping off completely.

There'll be no farm in, farm in discussions have been touted for years, it's just another carrot dangler to entice more mug punters in. So much for the National Significance of the Heron discovery even that hasn't tempted anyone, what's happened to the three potentials? Has the tax issue been sorted? As per MATAD deathly silence, no wonder the SP is languishing at a fraction above a penny. Diabolical.

There is no drilling this year, PM are conserving money to keep the lights on and the generators running until the electricity is turned on.

MB's disdain to shareholders is well known and has been proven just in the last few years so sending emails to the company will not make an iota of difference so long as he is CEO and he still gets his $560k a year pay check. Not bad for a few hours work a year.

Another wasted year, and it's only July, where's the SP going to be come the winter hiatus??

So when a CEO is asked about a capital raise and said we're fully funded till July 2024 then a couple of weeks later boom 9 million or so cash in the bank proves he is a liar, he must have already known then when asked? noun informal

noun: conman

a man who cheats or tricks someone by gaining their trust and persuading them to believe something that is not true. Am I wrong???

There is every reason for 2025 being a quiet year, number 1, no money to do anything until a raise and even then there are no plans to do anything this drilling season other than the CEO collecting his $560k annual remit for sitting around and wondering what can I put in the next RNS. Which inevitably drops the SP. It must be a real struggle pushing really hard from his rocking chair in Singapore.

The problem with this share there's never any good news and when there is it's drowned out by the bad news that's always thrown in at the end of 99% of Matads RNS's.

Might as well wait a little longer then they'll be able to get millions a lot cheaper in the next raise.

"I fancy a decent week for us here. Things will start to get very interesting soon… they can’t hold this back forever" which week will that be then, next year you mean? Ain't gonna be any drilling this year got no money until they raise funds.

"This year's salaries were $2.2m (up from $2m. Buck taking a cool $560k" not a bad salary for a few hours work per year.

160bopd*56 = 8960, they need 56 Wells alone drilling in the next 3 year when the refinery is supposed to be commissioned, to get anywhere near 9000 bopd and that's if they produce the same amount as H1. They can't even afford to drill one well.

All the while, the SP goes down making a raise even more agonising for LTH's.

Manx, are you having a laugh, seriously?

CEO is definitely laughing all the way to the bank, he's been paid well over a couple of million since his tenure and all he's done consistently is drag the SP down with his S,H,I,T communication, I'm starting to believe he is just as corrupt as the country he's supposed to be working in. He always seems to be pushing hard, I'm surprised he's not as big as Arnie. Diabolical is what it is.

//"with buck at the helm they haven't the know how to get it out of the ground"// or the money.

BP, plus in MB's own words "If we get paid" So how much longer to wait on the tax issue. PC owed the government millions on tax for years, even the protesters waded in. One would have thought that "If" we have an asset of national importance and full support from the government a little tax issue from a little Aim company surely shouldn't take an age to sort out but this is Petrol MATAD and still an empty coffer.

Yes, Lying.

The refinery faces further delays https://www.google.com/url?rct=j&sa=t&url=https://www.hellenicshippingnews.com/mongolias-maiden-refinery-facing-delays-set-to-boost-oil-ties-with-india/&ct=ga&cd=CAEYBioUMTc4ODgzMTQ4ODcxMDQyMjg4MzkyGjU1MWFjMjUxYjE2YzAyMWQ6Y29tOmVuOlVT&usg=AOvVaw2VcV9aSAg0_JhxMz6fOBOl