Cash19 Jan 2023 13:34
Old disgruntled shareholder here. Tried to raise cash last year but couldn’t
https://www.*************.com/views/62399/breaking-petro-matad-fails-to-raise-2million-placing-aborted
Loads of oil in the ground but costs so much to get it out. The $6m which is probably $4m now won’t touch the sides.
Plus nothing will get done anytime soon as it’s -30 in Mongolia.
I’d say be wary of the ramping seen it all before.