Member Info for Manro

Of such an unpleasant situation is the management of PM which is quite insufficient professionally. This is the main source of small or large problems in any companies.

Of such an unpleasant situation is the management of PM with its' insufficiently professional management. That is the main source of small or large problems in any companies.

Of course, not all CEOs respond to investors and rightly so. Especially when such a huge number of not investors at all, but persistent insects are flying all over the AIM. But for true investors and therefore co-owners of companies any management is required not only to respond but even to report on their work. Because its at our expense they live and can conduct our business. And thanks to such co-owners only there are still companies taking seriously investors' interests. Without true investors all these insects would been completely ignored as is happening more and more often now. And I am not at all against such an attitude to insects, it is a pity only that real investors are suffer from this too.

Good evening, RokkyRo and thanks for your post. Unfortunately there is re is no tradition in PM that at least occasionally a question directed to the CEO would be answered by himself, and not by the secretary or nameless admin. Therefore, after a couple of letters sent to Mike and getting in return formal responds I stopped writing to him. Besides, they most likely read our comments and probably know our concerns and thoughts. But whether they will take into account and somehow react to them is another question.
My best wishes to you, pal.

It’s really funny to dream today of 10p or 20p considering that just recently Mike always and everywhere tirelessly talked about those mind-blowing volumes of oil that can be discovered in Mongolia. And what he is busy now to obtaining a license and finding money for 25 Mb of oil extraction only. And I do not quite understand why not give up on certain conditions the right of oil extraction to Petro China which already has all the necessary licenses? By doing so, Mike could kill two rabbits with one shot. That is, to organize oil production at Heron and to continue the implementation of his initially wonderful and truly ambitious plan to search and find those huge reservs which about he spoke so often and everywhere. This is what wonder for me and I don't understand why Mike becomes such a humble in his goals.

Donkee, I also hope so, mate. Otherwise we will all turn out to be fools. Who invested in the next garbage AIM company. In that case it will be completely unforgivable and not even in terms of losing money (in the end money can be compensated, not to mention that we invest what we can afford to lose. But our precious time will be meaningless and forever lost. So, it remains only to hope now that this does not happen. Atb.

Its unbelievable how illusory the expectations on AIM sometimes can be. Without any oil discovery the shares of PM have soared to £210.00. 7 years late and also without any serious reason SP jumped tenfold from 3p to 39p. But when it comes to reasonable assumption that after the first deposit discovery SP can reach if not £2.00 then quite realistic £1.00 the market suddenly demonstrates an odd price which is difficult even to combine with the simple fact that PM is now not only an exploration company but also an exploitation company. And the dream of PM's investors no longer 1.00 or even 30p. but 10p only. And this is what makes AIM much more worse place than casino. For, even in a casino you can feel much more confident and win more often than at this damn AIM.

The mosquito is humming again. Without having no clue that a successful investor is primarily an entrepreneur who knows how any business is managed. And it is impossible and even not necessary to know all the details of a particular industry. To do this, you can contact to specialists. But, how can mosquito know all this, and therefore it buzzes and bites until you slam it.

C-S, I am always positive towards companies I have invested. And even more so, when I get acquainted with the CEO and begin to believe him. But its never stop me to remain critical. If things are going not only badly but even if the CEO makes seemingly small but very significant mistakes in the form of late issuance of visas, permits, etc. Unfortunately, he does not please me as a geophysicist too. Who, as I imagine, should had a lot to move. Especially at the points of probable oil fields and not limited to flights from London to Ulan-Ulan-Bator and vice versa. Not saying about thinking for rewards more than putting company out of this terrible stagnation first. However I don't changed my mind and hope Mike and this BOD will be able to do much better job this year then they did till now.

I also think that locals can easaly do it again. Last year having exploration license the BOD have completely forgotten about local permit and was forced to stop drilling till it obtained. The same will apply after getting an exploitation license. So, they must have a permit. But I wouldn't surprised if they are going to forget about it. What they are never forgetting its to reward themselves. Despite of not only putting PM in stagnation but going from bad to worst even after oil discovery. Something really incredible is happening in Mongolia - either with Gobi's moving oil sands or with the movment of English gentlemen of fortune in that sands.

MisterPositive,
As you know I and many others here like your nickname as well as your permanently positive comments. But the problem is that all of constantly pleasant and positive relaxes us and puts to sleep which is very dangerous. After all, the market is a place that you have no right not only sleep, but even take a nap. And if you do not have such a goal buddy to leave investors here in their underpants then please be critical at least occasionally for the sake of objectivity. For being positive is good, but being truthful is even better.

Jimithebrush, I also hope that we will get out of this hole, mate. Therefore decided not to get out for now. But even if we are lucky this will not be the merit of this management. It will be connected with the new market expectations as it happened before. And if anyone is going to helps us it will be rather Petrovis than somebody else. Moreover, I personally will be grateful to Mike and his friends not for something special but just for not to cause to PM next year any damage.

Spainish, this creature is deaf to understanding your true and well-considered position based on good knowledge of PM and today's Mongolian reality. So, it and will annoyingly buzz until someone slams.

This BOD and specially Mike Buck and John Henriksen have made already very happy oily new year by awarding themselves £165K and £65K for outstanding achievements. Yes, for these three years they have changed of drilling locations, did 2 large dilutions, had visa issues, late permits, late spud dates, loss of two drills in 2018 and one this year. They have even found oil with much better quality than expected and surprisingly managed to put SP and capitalisation down. Initially I thought they are thinking to buy own shares but have found much better way to prise themselves. Having such talent we can be sure they will get us out of this hole. Well, if not then as it was mentioned by one of our investors there is no problem to find new shareholders, get money, start presentations, pay CEO and friends, drill dusters and repeat.
Happy new year Matadors!

Spanish, as you know flying insects can be really persistent and annoying. And you can get rid of them either by not paying attention or just slam by filter, as I did.
Atb.

**** off, insect. You can't read. Capable to fly and buzz only in geophysical and geological atmosphere.
Happy buzzing in the New Year!

I don't need your advice, Ojay. Is it clear?

persistent, unfortunately, not all investors so smart as you to understand that Mike and his team reward themselves absolutely rightly. Especially if consider how much energy they spent in 3 years chatting tirelessly about the billions of barrels oil reserves? Yes, instead of billions they found something modest and not quite clear either in quantity or in quality. But shouldn't they continue looking for oil in the distant Gobi desert in so terribly cold conditions when the temperature drops at night to -58.8 C? Therefore, if they continue to make the company as prosperous as it is today, then of course they will deserve the following millions of shares, and so on, until so smart shareholders like you will lose all of money.

Thank you RokkyRo for your kind post!
I wish you too all the very best for the upcoming New Year. Let us hope that those of our expectations for success with this very strange Matad on which we still hope, at least partially will come true.

But then your comment says a lot. Namely, that people like you still remain those savages who exchanged their pearls and gold for the same pieces of glass, as your today's stocks.

Merry Christmas and congratulations with the Share Award! Its nice year after year to get a good awards, isn't it? Therefore could you please tell us when you are going to reward all of long term shareholders too, thanks to whom you are prospering?