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Who have retained self-respect apply to the Financial Times with a collective letter and propose to publish an article about all this egregious arbitrariness and crime that is being committed by the Mongolian bureaucracy at the highest level. Enough to tolerate of this arbitrariness which actually made the company and its investors hostages, who have not been issued permits for oil production for five years now, completely ignoring the colossal financial and other losses that this turns out to be for us. Our further inaction and helplessness can only lead to even worse consequences when the company they will simply bankrupted and hand over to other swindlers for a pittance and we will completely lost all our investments.
Everyone who agrees with me please respond so that we can organize, if not a physical meeting and acquaintance, then at least a virtual one to agree on the text of letter and collect signatures from those who are ready to sign it.
Guys, I think we need to make not just a bit of noise as Hamm has suggested. But start constant noisy alarms and periodically turn on the siren, putting the pressure and exhausting the nerves of this whole gang of crooks from Petrovis fused together with the corrupt Mongolian bureaucrats and a highly calibrated liar MB. Otherwise, we will lose all our investments. Please remember this last warning of mine to all you and do not say later that I did not warn you!
Bowley, good point which needs to be clarified and used against these gang too.
Hamm, yes most of us in red and we are going to lose most or even all of our investments if we will whining here instead of acting. We have to continue bombardments by our letters not only all of MG departments, media or British Embassy but through all other foreign Embassies too as there are not only British who have invested in PM but others too. I would even suggest to make collective appeal to the Financial Times and ask to publish article about this shameful arbitrariness and criminal negligence of our interests and huge financial losses. If needed we can even collect money and pay for such publication. We must shout loudly and to the whole world about this shame and disgrace everyone who is responsible for this crime against investors, and not wait until we are all stripped to our underpants!
Hamm, there is a simple answer to your "5 years past and no LP/ SL! - How can all these to be justified? And that is HELPLESSNESS all of PM strange investors and specially those who have completely forgotten that they are co-owner of the company. MB will never pay any attention what such investors are writing here as he perfectly aware they can do noting besides whining and whining ad infinitum.
If you have not lost the ability to think critically, should finally understand that we all turned out to be akin to fish swimming in the AIM ocean. Which were caught on their hook by crooks from Petrovis, in collusion with corrupt MG officials and with the usage of a British worm MB. And it was a very well-coordinated action based on the widespread advertising of this worm as one of the most prominent petroleum geologists in the world on the one hand, and the constant lies from the worm itself about the supposedly huge help from MG to the company from the very first day of its appointment. Therefore, the only way out of this situation can only be our unification into a single powerful whale, which should try to sink the boat of these Mongolian crooks along with their highly calibrated parasite. Consequently either we will all be devoured with giblets, or we will be able to sink them and try to return at least part of our investments.
Such pressure on the MG is possible. But only with even stronger pressure on the parasitic BOD of the PM headed by MB. We can do it by stoping any further purchase of PM shares. After all it's us who have made them complete parasites living a luxurious life, despite the fact that the company and therefore they themselves do not earn a single penny in a decades. Parasitism of this management has been going on for five years already and during this time colossal money has been irretrievably lost not by them, but by us investors. And as long as LTH, as well as newcomers ready to invest, do not stop feeding these parasites and start boycotting them, nothing will change. Therefore, a complete stop buying shares is the only way that can force these crooks to start working and make a profit, instead of continue to parasitise at our expense.
Badprophet,
My answer to your question is YES. I will continue to believe not in the company, but in the fact that there is a big oil in Mongolia which can be discovered, but only by a really team of high professionals - explorers and managers pursuing their business goals. Not how rob the main partners entrusted them their hard-earned money. Therefore, the first thing in any business is the goal, then the choice of a partner you trust. If they are honest, then failure and loss of money, although it brings grief, but not that anger or a feeling of disgust when it becomes clear that under the guise of a conscientious leader and his team there are the thieves and scoundrels were hiding.
Master82,
Your trouble, like all other people who haven't lost ability to think critically, but remain honest, is that they think the way they would behave if they were in the place of these swindlers. Completely losing sight of the fact that the crooks had a completely different task from the very beginning, namely to rob investors for as long and as much as possible. And honest people very often simply fail to understand this twisted psychology of thieves and swindlers. Therefore, be prepared for the fact that there may not be any LP for a very long time or the Raptor will be empty. And the time when LP will be granted the share price will drop to 1p. In the interim of all this, the MB will calmly resign with the stolen from us money. And the reason of his resignation will be announced that he is "pursuing a different goal" or decided to retire. Do you think I'm fantasising? If so, look what happened to the Beowulf (BEM), but please don't fall into a shock
Master82,
They used a scam on Matad and realised that there are a lot of idiots in the West who are ready to invest in any false projects invented from the dreams of the Mongolian nomads. And especially in those where will be offered fantastic profits. But, they don’t need those they have already robbed, but new ones, so calm down and don’t rush into a new mousetrap, even if there is still something left in your pockets.
That is not just very bad but crazy idea. Knowing perfectly well that we are dealing with cheaters we must stop playing their dirty games. And not sit down at the table trying to win, especially knowing that all of their cards have been labeled. Only our most stringent requirements for these scammers and specific actions to bring them to justice can make them fulfil their promises and lead to some positive results. Everything else is utopia!
"It should recover but MB is not fit for this job. Why give an RNS with nothing new for the market."...
Looks like some investors who have not lost the ability to think but are entangled in the lies that the fraudster MB has been continuously pouring on their heads, are starting wake up. And this will benefit all but only if such become the majority. And will begin to act and demand from this whole Genginskhan gang of corrupt bureaucrats and the British highly calibrated swindler to reckon with their opinion. This gang should know and start to fear that investors will appeal to SFO and prove the brazen theft of their investments. Which can not only bring them to criminal responsibility, but force to return everything they have stolen.
Which is a clear evidence that this board is thoroughly censored and admin dislike critically thinking posters. But I will continue to express my opinion and confidence that the main and only reason we are loosing money it is MB itself. He was hired first all off for to attract as many as possible British and other foreign investors. Therefore his appointment was so widely publicised and former chairwoman of Petrovic has even describes him as "one of the world's most highly calibrated oil professional". In respond he started praise MG by pouring on us his lies about their great support of the company. Initially I thought he was being used as a "useful idiot" who did not understand the local corruption specifics. But when instead of real actions and demands he, on contrary, retired to his Singapore residence, it became clear that he was in the same boat with all these crooks and he did not care about the interests of investors. All this ugly and shameful situation when we are loosing a lot of money has taken him no more than "frustrations". Therefore please bear in mind, just to sit and wait for something positive from all this crooks, who are stealing and will continue steal our hardly earned money, would be a madness. In contrary we need to bombard and not give them any rest. And if the LP will not granted within 1-2 months inform SFO demanding prosecution.
Of the special designation area and to grant LP in an accelerated manner, it is suddenly turned out that a new procedure is required, then this means only one thing - the MG takes the management of the company and its investors for complete idiots. For, even the most slightly thinking person is quite clear that this is a new primitive form of delay and extortion of bribes by officials in the highest level of MG.
And if the company's management, following the lead of these bribe-takers, decides to drill Raptor without having LP for an already discovered Heron, than such management is an accomplice of this crime. So draw conclusions for whom they take all investors. Especially those who trust not only such a swindler as MB but wrote rosy comments here, not to mention the support of the bots sent to the board. And the truth is the most of people here have got what they deserve!
To all those idiots who passed off their dreams and desires as reality or believed various bastards posing as experts and promising all investors a rocket price increase.
All of you have received a share price takeoff, but in the ass, so enjoy.
Jack, yes I did it because couple of weeks early I received a very promising message about signing LP and share price starts rise steadily. But its turned out to be just another rumour, which apparently was specially launched by someone directly from the company. For the source from which I received the initial information is very reliable and who was also suffered too making a very large addition to his already big holdings. So the only factor that can convince me now that the company can have any future is whether it gets a LP and starts drilling Heron before Raptor. If this does not happen, then this is a 100% fraudulent company and everyone who participated in its creation and management are criminals whom we must bring to justice. Otherwise, everyone invested in this company and lost money will turn out to be nothing more than humble sheep.
Ojay, I didn't expect any other respond from you. You're happy as you don't realise how unhappy you are. I don't wish you any bad and would like to be wrong in my very negative assumptions about the PM. But, you clearly do not understand how much valuable time and possible profit you have already lost. Instead of a sober look and an objective assessment of the company's management, you subjected yourself to some kind of religious admiration and blind faith to all these swindlers - MB and his predecessors. Such faith and admiration usually ends badly. So, you and all of us who had the misfortune to invest in such a crap company, going to be very lucky if we can get out from it without any further fraudulent deals and even bigger losses.
ojay, if you have such great logic why you are in such a **** situation for more than a dozen years, when you have lost your precious time and huge amount of money? nevertheless, you dutifully endure, and even perceive it as a good stuff. if it is good stuff then what else should happen to you so that you could be admit that you are sitting in ****? and you need to do something and not just sell and give up as sheep?
Greenbacks, its very simple.
Instead of wasting your time and energy making comments here it will be much better to bombard all government bodies with our letters to stop this shameful almost 5-year arbitrariness against the company and its investors.
Hope you get it now!
SirBob,
A smart rooster chasing a chicken thinks that if he doesn’t catch up, then at least will warm up. So here, if we can’t catch and force them to sign a document, then with our letters and messages on social media we can start to disgrace them in front of the whole world and make pretty nervous. Besides, it is well known that under the lying stone, into which these corrupt bureaucrats have turned the company, along with this MB CEO-liar dancing in front of them, neither oil nor even water will flow. Therefore, we must chase them with all our might for to be not only warm, but probably catch and f..k, having received if not pleasure, then LP for sure.