Member Info for ManxKippers

Notpleb, we will see what happens here.

Iran reporting this as NOT an attack from outside the country and an internal attack.

Is this the excuse they need not to take further actions and to descale? If so, this would all be shortlived and a lot of testosterone and froth. Let's hope so.

Another RNS without any substantive content. Total torture of so much praise and so little progress.

I appreciate this is a point of order RNS about the AGM, but this is verging on cruel.

The first tranche of share options falls due in May, don't they? If they fail to move the SP up within the next few weeks there is a possibility that the Share Options won't be taken up by the employees- and that would speak volumes!

Well - since you ask, and I am wrong also, I hasten to add, the RNS is on Thursday this week and I will leave this board when the SP hits £1.35 per share. They won't need to raise and there won't be a world war!

How's that for helpful???

I wanted to add to this inane thread :

YOU ARE ALL WRONG - THE LOT OF YOU!

Enjoy!

Thanks, WOS. I don't need to add to my millions of shares in MATD.

I would like the suggested news offered in the last RNS by MB and also supported by your leak from the British Ambassador that the drilling would happen at the start of the season. Nowish! Not before the end of the season!

That's all.

Thanks WOS.

I do disagree. It is like the new locks that are being awarded to Matd. This has been confirmed but will not be actioned until the autumn, after the elections when they can sort the necessary paperwork out.

This is also how I read the situation for the permit to start drilling, but hopefully this will come before the election.

Thanks, Wos.

I do not think this is right. I think they have it passed but not issued. Those are two very different points. That is why MB has stated that they need to be vigilant and keep an eye on the process, because of they don't issue the permit, signed and stamped, they are not authorised to proceed.

That is what I am.concernedt about, the potential bureaucratic delays of the Mongolian system, preventing drilling and work to commence on time and as early as possible.

If you think Matd can proceed regardless, then I would like for MB to state that. But he hasn't.

Thanks, Cybertron, for the two posts.

You have covered my concerns in your posts. The term "once signed" by the Matad District comes with no time frame or certainty as to when.

Plan B is still a battle with the Governor of Dornod, potentially taken on by Central government, which could end up with injuctions and delays. That could also cause huge delays.

This is why the presentation of and the announcement of the permit, as a stamped and approved legal document that has been issued and presented to MATD, is vital.

It will come, and hopefully soon. But elections are coming and we all know how government offices almost cease to operate when elections and.potwntial changes of ministers start to loom. Fingers crossed.

SP could easily drop 50% if there is nothing solid and no permit announced at or before the AGM. If drilling and pimping is delayed in anyway, this will not be well received IMO.

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.