Member Info for Manro

Yes simonpartridge1
In such a simple question the whole essence of those dirty games is hidden. But many of the investors here did not even express the doubts and ask themselves this perfectly reasonable question, the answer to which screams for itself.

Ojay, knowing you as a deep and even religious believer in Matad I didn't want to respond. But decided to do so as as an exception and example of good manner. I had 4 mLn shares and at the price of 34p and sold nearly half of them making a good profit. But after that have stupidly invested 60% of that profit again at lower prices (nearly 18p) thinking that this crook not a crook and will be deliver what he has promised. So, it would been much wise to sell at 18p all of holding and get out from this ugliness, instead to having nearly 1 mLn now but consider them as lost investment. So, unlike you I do not have even a drop of trust this swindler and if something good is going to happen it will not because of his merit at all but just as a fluke.

Hamm, you are absolutely right, he needed to change his strategy. But he is a crook who plays his virtual games, which give him the opportunity to empty the pockets of gullible and helpless investors without any tension. He was used as a simple advertising doll that lured us into this Mongolian trap, from which it was turned out to be not so easy to get out. Let's hope that we will freed from this trap by some chance or be able to do something and punish this crook via SFO.

No, mmafr please don't change or distort the facts. This CEO-liar has been and continues to declare covid as the main cause of all problems for more than 3 years. Even now, he continues to refer to the restrictions associated with it and as the drilling team from China cannot deliver equipment or come to Mongolia themselves to start drillings. He was already lying so much that he even began to contradict himself - why would they come and carry equipment if there is no land access?

mmafr, you write nonsense and are very far from understanding what is happening. Mongolia is not developed Sweden, where the locals can interfere with the central government. But even where local natives are numerous and highly organized, their opinions are often ignored by the government. This is exactly what happened there most recently when the mining company Beowulf was granted an exploitation license, despite all their many and violent protests.
As for the Mongolian aborigines, not only do they not have such rights as to interfere with the central government, but they are so few in number that they are sometimes even difficult to find in this vast desert territory. Therefore, all these games which come down to the one thing only - the ability to negotiate. Got it smart guy?

It's quite strange Hamm, that you suddenly got faith in this swindler who, for all these 6 years, lied all the time. And most importantly, he did not say a word about the land access and was forced to say about it only when the police intervened and suspended all work. It has been 3 years since then and he constantly and without restraint chats about anything, and especially about covid, but not about this main issue, which remains unresolved. Whereas, it could be solved in a few days if he did not lie about government support. But, even without any support, this issue could be resolved, if not in a few days, but at least in a month or two.
But, for this it was necessary to be a real leader and be able to work with people of the country where he was invited to work. After all, worthy leaders are looking for opportunities to achieve their goals, and unworthy ones are looking for reasons to cover up their worthlessness. Unfortunately, all of us, as investors, were unable to recognize either which management we trust with our money, or even whether it is worth doing it in such an unattractive country as Mongolia.

That is the most correct conclusion Bowley and absolutely necessary step to undertake by every self-respected LTH.
Glad to know that I am not alone now in my intention to do the same and ask SFO start investigation this crook in case of no drilling and another wasted year.

MB is already so mired in his lies that he doesn’t even understand how he refutes himself. In August last year, he declared about “excellent relationship with the Mongolian government…” and today he admits that during all this time the company has not made any progress in resolving this issue and its “field operations remain on hold pending progress on the land issue”.
And at the same time, again and without any shame, he continues to lie, saying that he works day and night on to solve this issue, but does not give a single fact of how exactly he does it or with whom he meets. Moreover, we do not even know where he is in Mongolia or Hawaii. This is more of a disgrace than CEO.

We continue to ask many reasonable questions and resent the behavior of this crook forgetting that actually he does not need any worries. Why should he bother with something when without them, or even without any effort, he can easily appropriate the money of investors.
That's why he let everything go by itself. Indeed, for him personally, the absence of a license is even a blessing. Because it will not require from him to engage in the oil production - chatter and scams only, in used of which he managed to succeed.

This ****ing CEO, knowing the situation, is not just chatting and traveling but can shorting as well.
By deliberately lowering stock prices, such rogue CEOs and their teams can easily devalue the investments of gullible shareholders and pocket their funds.

Jimi, this is not just a feeling, but a direct proof of the lies and swindle of the scoundrel MB. I know perfectly well the monstrous level of corruption in today's criminal Russia and what impact this could have had on Mongolia. But even in Russia, and hence in Mongolia, the interests of government officials and the interests of business, especially large ones, coincide. And if MB, appointed to his position by representatives of such a large Mongolian supplier of oil products as Petrovis, did not lie to us about the constant excellent support from the government, then the company wouldn't have and couldn't have any problems. But in reality is that such problems existed, but the leadership of the PM and this crook did not even mention them and began to do so when it became impossible to hide. And this is the true double-deceitful face of MB.

I agree with you Hamm. But please don't expect any kind of truth or honesty from this crook. I do not exclude that something positive can happen. Its possible, but even in that case it will be not of his merit. As even a broken clock can show right time twice a day.

For more than six 6 years now, this crook has been constantly misinforming and misleading us. However many of us continue to believe him. Here is what he said for example in August 2021 at AGM:
“…we start the next chapter of the Company's development from a position of strength and independence. As Mongolia's leading exploration company with proven operatorship capability, we are well capitalized for the next phase of activity. In addition, we continue to hold an excellent relationship with the Mongolian government, which is committed to developing the country's upstream oil industry. We look to the future with confidence and our committed team will work tirelessly to deliver shareholder value as we move into the next phase of development."

Unfortunately, today's realities in the energy market only play into the hands of such swindlers. Since the huge reserves of Russian oil and gas resources, blocked by Western countries, were at the disposal of China and Mongolia itself. Why would the Chinese, or even the Mongols, care about their oil when Russia offers it at a bargain price. Therefore the Chinese leader Xi Jinping on his first trip today to a foreign country in the last two years, namely Uzbekistan, where he will meet with Putin aiming to deliver Russian energy resources to China for almost nothing.

Probably he wants but unable. In such situation the only way to satisfy himself and assert - its composing and telling us various fairy tales and steal our money ??

Hi Hamm,
I have heard the news that Chinese tech company appoints an AI powered virtual humanoid robot as a CEO. Therefore, I am thinking to write and advise Petrovis to use such a great experience of the Chinese and replace this slacker if there no drillings this year.
After all with such a replacement they can establish not only proper discipline and work order in the company but help us to pay much less money for wages as well as office maintenance of its completely useless management.
Therefore, not everything is as bad as it might seem. I hope also that our oil at Heron will not be stolen by Petro China while we are in wait of good news :-)
Have a good day, buddy.

Bowley, it would be extremely important not only to find out whether this worthless CEO is now but also what kind of atmosphere reigns in the office of the founder of the company - Petrovis. Please try to meet and get acquainted, if not with the management then at least with ordinary employees of Petrovis. In communication with them, you could learn a lot. And in particular, what else, besides covid, can be the reason for such a dismissive attitude of the central and municipal government bodies towards the needs of Petro Matad, which differs sharply from the constantly false statements of MB about huge support.
Have a nice journey and safe return.

Jimi, you are as naive now as I was when first met this talker and swindler 6 years ago and for some reason believed that he would not so brazenly and easily mislead investors and start stealing our money and time. And although his scam is already evident, nevertheless many here continue to believe in his honesty. Waiting for honesty from a crook is like hoping that a black cow will suddenly change color and become white.

As he was and still remains. He does not even understand that if you chase two hares, you will not catch either one. And now he is running not even after two, but several hares. And not anywhere else, but in the mountains of Kosovo, where, apparently, he believes that there are a lot of them and they are large. But, again, he does not understand that hares meat is low-calorie. In addition, with any very likely military conflicts all of hares may be required by the Kosovars themselves. It remains only to wish good luck to those shareholders who believe in this "particularly talented" hunter.

There is an organization in the UK called SFO. That's where investors should apply with a collective letter at the end of this year. Informing how he is lying 4-rd year in a row, misleading investors and stealing our money

He is one of those idiots who does not even understand that being an investor in a company does not mean full and unquestioning support to its management. Especially when it becomes clear that they are starting to look like a gang of scammers. Led by the main and outright swindler who constantly lies and hides the true state of affairs in the company in order to steal as much money from investors as possible. And under these conditions, not warning such CEO and management about the consequences of their fraud means, as Hamm has correctly noted, means demonstrating your complete stupidity to these thieves and encouraging them to new robberies.