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That there are possibly many very rich people who have invested in Matad and who are so rich that can sell their priceless shares in so many quantities and so cheap even without a second thought. But never thought that there could be so many idiots among the rich. Lol

The more I think the more I become convinced that today's strange situation is solely due to the fact that PM's previous ambitious plans of big oil deposits discovery began to fade into the background. When I invested in Matad, I was counting on hundreds of millions and billions of barrels of oil discovery. Today, Matad is mainly involved in solving important, but much more modest tasks. This is precisely what led PM’s to such a strange situation when it is now in much less attractive position than was in last year even without any discovery. Mike’s is highly professional petroleum geologist and his main efforts should be aimed primarily to the strategic goal - the discovery of one of the largest deposits of Mongolian oil. After all, this is exactly what made company so attractive for BG to offer farm-out agreement and huge interest to PM from many other potential partners or institutional investors. Therefore our BOD need to maintain this image as part of PM's very valuiable intangible assets and vigorously promote it around the gloube. And most importantly to do everything to find the big oil and make Mongolia as one of the world’s bigger oil producer.

Mr P, I hope that management will act just that way. But, at the moment I think they made a significant mistake by carried away with solving tactical tasks having forgotten about the very important strategic goals of the company. And this is the reason that the company's position in the market continues to remain so unstable. And the price continues to stagnate as if there was no successful drilling and oil discovery at Heron. Therefore, management needs to pay much more attention to its strategic goals and not forget to inform the market what they are doing or prepared to do in the same way as it does in relation to solving current problems.

Yes, Mike31, but the problem is that you can’t leave a single iota from the previously announced ambitious goal or lose sight of it by focusing on Heron alone, no matter how important it may seem now. The focus should always be on the main initial goal - the discovery of one of the largest oil fields. Everything else must obey this goal and be done either in parallel or secondarily.

All those factors on which we have all concentrated and waiting for information of course important. The more positive such information will be the faster stabilisation of the company's SP will come. But today’s strange situation with the SP fall and constant decrease the level of PM's capitalisation, in my opinion due to the fact that the company began to lose its ambitions, moving from the search of billions of barrels of oil to millions. And which brings partial loss of intangible assets of the company associated with the shift of attention discovering larger oil fields in Blocks IV and V to rapid production and monetisation of oil in Block XX. Therefore, I think Mike and BOD should return to their ambitious plan of the biggest oil field discovery in Mongolia asap. This is what gave the company the opportunity to attract the attention of BG and get a farm-out agreement as well as supported the interest in the PM of many other potential partners and institutional investors. We need not to weaken, but rather to strengthen the ambitiousness of our company, giving as much attention to it as to the fact that PM is becoming an oil producer company. That is, it is necessary to set goals to achieve maximum results and be satisfied with the average only when this maximum remains unattainable for the company.

lbjj, being so smart guy are you really just now began to suspect that this could be a scam, and not immediately after Clive S-P has left his post? After all, if it were otherwise, then why did he have to leave such a promising company that discovered such a rich iron ore deposit, especially in such a civilized country like Sweden? The country which also has such an excellent business environment when for more than six years they have been spitting on the company's management. And this management is behaviing as there are no any spittings and because everything is OK continues to draw money from gullible shareholders, telling them different tales and fables.

Maybe everything is OK Suzy2 but something is telling me that most likely you are trolling here. And reporting it is not challenging and I will continue to post what I like and when I want. Is it clear, dear?

Dear Suzy, I think you are very clever too. But I am wonder how it happens that you don't know till now that bitter truth is better than sweet lie. I wish many of Bemers here including you the best of luck. But unfortunately I just do not belivie its going to happen in foreseeable future :-)).

KRSS, please leave this board and stop promoting you rubbish POG here. I know very well how that company was created in Russia mafia state by two outrages criminals Hambro and Maslovscky and how they did steal shareholders money and walk away without punishment.

Proselenes, I think we need to change tactics and start supporting these liars. Instead of scaring we need to agree and reassure them. After all if you throw a poisonous frog into boiling water it will jump out. But if you cook on slow it will never ever croak again. Lol

Yes, I am also sure - 5p tomorrow at least!

investor33 and Ojay, I believe that we can come to close to an "ideal world" without such unimaginably deep and protracted SP drops if PM stops to be perceived by the market as extremely unreliable company. Or even absurd one as it looked during the fraudulent deal with Bergen. After all this kind of shameful event does not so simply disappear from the memory of market participants. Especially since the former CEO-swindler did not suffer any punishment and almost all the BOD's members remained in their places. Therefore, as I wrote earlier, Mike and his team need to do everything to cleanse the company of this shameful image and change it to predictable and reliable one. This is the only way alongside with professional and successful business activities will reduce the chances of manipulations with SP and create relatively calm situation in which more serious market participants will begin to pay attention to our company. Lets hope that such changes have already began.

Maybe you are right to a certain extent, investor33. But in our case it is not just about some kind of manipulation. The price reduction didn't lead to some logically acceptable limits. It was done almost a landslide scale. Moreover, it was precisely when there were no any objective reasons for lowering the price. On the contrary, the success achieved by the company should have already raised this price, at least to the previous level of 10p, when Mike was able to carry out its very successful placement. Therefore, I think that not only MM manipulations take place here, but the stupidity of people reacting to these manipulations as well and which as we know has no limit.

It is a mystery for me too, Sundaysun. And I can't find any meaningful explanation for such unbelievable SP drop, especially after the oil discovery. However rerate is inevitable and its already started.

Just a day later became clear who was the fool selling yesterday such valuable shares for nothing. And who is smart, like GKahn who bought 190K which will undoubtedly bring him multiple income. If I had free fund I would have invested in Matad even now without any hesitation, since very soon this share price will simply turn into a pipe dream.

Well done, Kahn. It's very good move and probably last chance to get such precious shares for such unbelievably cheap price.

Yes, GKahn it will happen rather sooner than later. Everything in place for it at present. Especially when there are so many positive news that we are expected now and during the whole winter time.

Because 80% of market participants are not clever enough to be successful investors. Is just superb opportunity now to buy. But as we can see there are many brainless people who are selling. Probably for some small profit without any understanding that they are loosing a fortune. But this is the essence of the market where is not possible to all be the winners.

Spot on, Lockyer. I did the same today even with much bigger quantities and could sell it easily in one go. Which never was possible to do so easily.
As I posted early obvious rerate of company's tangible and intangible assets on the way and will happen very soon.

Matadors, it amazes me how anxious some you are about falling prices. It’s as if you don’t know at all that MM has such behavior that seems strange to many. This is why only for a small number of investors it is quite predictable and logical and who are becoming successful ones. The revaluation of the company is in full swing and not today so tomorrow the real value of the company will be visible even to the blind.