Member Info for Mike31

Just a thought. Why the hell it is held in Mongolia, are they expecting people to book flights out in the middle of no where?

Captain plays Blackjack. Draw 20 and thinks it pretty safe statistically. Dealer gets 21
Captain walks in a football stadium. Bet on Germany to win. They lose to South Korea!

Statistics is not much in this game

80% COS can still be a miss
20% COS can be a hit

With potential 23 BILLION BARRELS of oil, there is a chance. Fact!

Its funny that during the toughest times like the Bergen death spiral, there were just a few of us on this board. Now the company is in a good position like never before and about to unlock the grand prize, we get Mickey Mouse showing up and caring for the future of the company and its investors.

WildOne1 - but what if we manage to secure a JV for one or two wells, maybe the drills would be simultaneous or is that wishful thinking

I recall somebody said its held in Mongolia? Someone telling porkie pies?

I'm feeling very empty looking at the disgraceful share price lol

Indeed Captain. Only a few seasoned investors will be able to take advantage of the situation based on experience and educated guesstimates. Not sure if there will be another fund raise and for what reason since we have cash in the bank

Makes a lot of sense to me. Can only argue it is just speculation, but the logic is there

Ahhh...so it was an organised drop to let the feckers out

The company must legally be obligated to carry out what they have announced, otherwise there will be legal liability concerns?

Proselenes - Thank you for sharing your thoughts, sound like a sensible plan. I bloody hope SL will be a success.

If it is an option, just pay those leeches the lot and get it over and done with. We have a bright future, and the current sum will be crumbs off the plate in the long run.

That's the point, we just don't know.

If I can foresee a bright future, I would be selling underwear to buy more Matd shares

Hold tight. Could just be a dirty scheme to get more shares from us PIs

On the positive, why would they want our shares over cash payment?

Someone definitely playing games here to suppress the sp

The imbalance struggle between worry and excitement....wish I had a crystal ball

What is up with the 64,500,000 sell

Having said that, I hope we go alone. We are in a good position and fully funded. Unless we need technical assistance from the big boys, I don't see any other good reason to give part of our acreage away. It will be very silly to do so. Exciting times ahead with oil price still on the rise...god bless a commercial strike