Member Info for ManxKippers

Thanks, WOS.

I would have thought that MB would have to and should state if the permit was issued and in his possession as this would certainly result in confidence and belief that the pumping of revenue will commence. This would materially change the mood and investors appetite for further investment resulting in a sharp increase in the SP.

He would be obligated to announce this immediately. But he hasn't leaving the doubt to creep in.

The RNS due soon has not materialised yet! "By the end of Feb, great, but happy to wait until the end of March. After that concerns creep in" has always been my position here. Allow a 2 week window due to Easter to take us to today. Still no RNS.

The only RNS we have seen are based on agreements at meetings and statements from government deparyments and strongly optimistic statements from MB about commencing commercial operations in the spring. We do not have the required permit issued out of the Mongolian government to do this!!!

Elections are coming in. Every excuse for delays and a go slow or reasons for not issuing the permit until the outcome of the election has happened.

All I have seen is a Mongolian government still building their systems of governance and patting eachother on the back with platitudes, but no real break through or action.

This is starting to creep into an area of growing and alarming concern for me. The RNS will come for sure. But when and how much money has the company got for a lengthy campaign beyond July to get this permit issued????

Mojito - are you sure it wasn't one flew over the cuckoo's nest?

Yes WOS, but an agreement with a hand shake or a nod isn't enough to commence pumping oil, is it?

You can only commence operations if the bureaucracy has functioned and the official permit has been signed, sealed and delivered to authorise MATD to start.

Anything stuck in their system is worrying as delays go on for ever in Mongolia.

I am sure it will happen, but delays and change in leadership that could cause longer delays in issuing the required authorisation is a real concern here.

I agree Pro.

The longer this drags on towards the elections, the harder this is to get over the line until after the summer. A signature and authorised permission to start pumping oil and revenue is vital to keep this investment as a potentially fantastic multi bagger.

If this drifts on without that signature within the next week or before the end of this month, I along with many others will start fearing for the worse.

This is all pastry and no filling at the moment!

Would it make sense for a collective list of specific questions to the board at the AGM from the shareholders for them to answer in full? We have so many lose ends Re clarity on visit to IOM. Renewable full explanation on set up, timings, winnings tenders etc. How many companys do we have with subsidiaries and are they all necessary and will they all earn a.good return for SH?

Then everything about cash flow, budgeted plan for expansion, raise or borrowings, expansion of Heron wells and then Block expansion and new block explorations.

Relationships with drilling partners, the deal for this partnership. The health of the relationship with the locals. The stability of the local and national politics and reliability and safety of the businesses future within Mongolian jurisdiction.

Pipe lines being built for the oil removal. Deal struck with Petro China for trucking and processing of oil. What is it?

How much of our income.is to be retained by the company after the shared income deals with the Mongolians and costs have been taken into account?

These are my questions that I only know general information on without any specifics. It would be good know from other SH....??

Perfect. Thank you Sollodgeblue.

They do seem to be setting up for business. Is this going to accelerate and deliver the issuing of the SLP or create another layer of slow processing of official function?

This week is very important. We are starting to near the elections and the risk of government bodies not processing and functioning during this period is starting to be a real risk for further delays.

We need the LP and we need it now so we can start pumping the revenue. No more delays , PLEASE!

Hi Hamm.

What does this say and what do you take from this exactly?

Cheers.

There is something annoyingly predictable about an RNS from MATD. It has so often resulted in the SP going down.

I do wish they would get some solid and positive news that will reult in a proven income and a viable business.

I know MB and the team are trying, but here in Spain the mantra of "Why do today what you can do tomorrow" seems to be a positively speedy approach to life compared to Mongolia!

Money raised by borrowing or by issue?

Borrowing becomes easy once you have income and the repayment can be geared against revenues whilst protecting the SP.

Let's see which path this goes down.

No one has posted anything today.

So - header says all.

Happy Easter everybody.

Effectively the end of March. A little aware of the time window for the permit to come one way or the other, as I am sure MB is too.

I always felt end of Feb ideal but happy to wait until end of March for the SP or LP to be issued. Also aware of forthcoming elections and other influences that could create postponements and sincerely hope that the permissions are formerly granted within the week or two maximum after Easter. Otherwise, dread and fear will creep in.

Don't eat too much chocolate folks!

Ibiza, my gut feeling has always been 12 to 15p when SLP granted formerly.

30 to 35p when oil and revenue comes in for June/July to August time.

Year end at 60p.

Thanks, Doc. If my understanding is wrong, then my assertion is also wrong.

If anyone can clarify this I would be most grateful too!

If my understanding is correct, then we will certainly have an RNS this week giving notice of the AGM which has to be before the end of March with a 3 week notice period required.

This may expose a financial position of the company that could be poorly received. We will see.

Fingers crossed there is a good sprinkling of solid news with the formal issuing of the status for the land access and agreements and start dates for pumping oil from Heron 1 and the starting of a rapid drilling program for new wells.

WOS Was right! RNS was delivered this week.

Well Done WOS.

Glad someone is on the ball!

He end of February is in sight, and so should the RNS be!

Is it this week? I hope so. The end of February always felt a little more realistic, with a March RNS still just about acceptable. Elections looming. This will be entering the last chance saloon stage within a couple of weeks more.

MB - "Stand and deliver, Your money or your life" (job!) - as Adam Ant would sing it! Get this RNS out of the seized up and stagnant Mongolian government bureaucracy!

Let's hope there isn't another rail strike! This huge train should deliver the pay load potential we are all expecting.

Will it be soon, shortly, tomorrow or even today, who knows. But it is finally scheduled for arrival and long overdue.

Agree BP. And if they decided to renationalise 51% of PC holding, that would cause a very angry response from China that could easily result in an invasion from them to simply take the rich natural resources tha Mongolia has to offer. As they wish to do with Taiwan.

Seeing the strong SP and warm reception that ARM has received on the NASDAQ, I again wonder whether MATD wouldn't be better placed listed in the US. A more realistic view on oil and a better and less risk averse environment with deeper pockets. London is looking a troubled and unpopular market for shares. I mentioned this about three weeks ago, but the SP uplift of ARM this week is proving my point.

Views anyone?

I keep writing it.

The RNS with the LP news - anytime before the end of February would be great.

Before the end of March at the latest before worry about the Mongolian election creeps in.

Soon, shortly, tomorrow would be fantastic.

Totally happy until the end of February. What more can anyone say?