Manro, I believe you are right there is corruption ongoing here. The question is how are the company going to deal with it? This is an MPP supporting company at the time of an MPP Government with a strong mandate. It is certainly within the power of PM Khurelsukh to expedite this matter should he choose to do so. One needs to ask what is stopping him?
The only way this is going to consistently have an upward change is for the market to become aware of the potential. This doesn’t happen by osmosis, but requires extensive marketing significantly beyond the efforts to date. A professional marketing approach is required. Without it I fear we will remain in the shadows, and exposed to the vagaries of the day traders irrespective of the undoubted potential. It clearly is time to wake up and get the word into the international stage.
The lack of reputable institutions is a major failing on the part of the company and there is little evidence that they are looking to change this soon. Without genuine efforts to do so the future for LTHs is bleak.
Oilfated, I read your comments with interest, especially the suggestion on de-listing. My worry is that is exactly what the company will do if the valuation Continues to languish at this ridiculously low level. Before doing so however it is incumbent on the company to properly market the company to the very international institutions that will lift them out of the malaise. To date they have not done so. A few presentations and discussions with a few high net worth investors is not going to cut it, nor is relying on Mongolian investment. On the contrary this could be a major concern. International investment is a must if we are to ensure appropriate levels of scrutiny and governance. Left solely in Mongolian hands this is most unlikely. What has been done to reach out to the major investment centres around the world, who has been making focused approaches to them with the intention of bringing them on board? I suspect the answer is no one. Unless this route has been exhausted through unstinting efforts by executives versed in these matters then any move to de-list would be at best cynical and at worst a calculated expropriation from investors of the obvious potential that this company holds.
But if the facts aren’t percolating through to those that need to hear them; i. e. being communicated, then even with all the oul in the world this is going nowhere. Get the news out in an impactful and effective way otherwise we might as well all get used to a disastrously lacklustre share price.
Dexter, spot on re need for a professional communications role here. Mike has at last found the oil, but is sorely in need of someone who can sell this news to key institutions and investors. Communications is a professional role and Mike should recognise this. He has the technical ability, now let someone with outstanding communications skills take on the role of promoting this opportunity to the market.
Communication is the key and will make or break this company from this point onwards. We need to see a step change in marketing the company, getting the news out and attracting the attention of the institutions, without whom the share price will never fulfill its potential.
Well said Manro. There is a substantial vacuum in place of an effective marketing strategy. In the absence of excellence in communications we are left with an ever diminishing share price and open season for anyone wishing to trash the share. Confirming commercial oil will not be sufficient. If the company cannot “sell” the value and opportunity that this represents then I fear some of the more perverse posters on this board may regrettably be right in their assessment of a continuing languishing share price. If this transpires it will be a travesty and a betrayal of all those that have continued to stick by the company across the years. The means to avoid such a scenario is in the hands of Mike and colleagues. Now is the time to deploy these means.
RE: Heron additional testing.........17 Oct 2019 12:42
Lack of specificity and clarity in this RNS is very disappointing. It leaves more questions than answers. MATD are extremely poor at communications and need to improve if they are to retain any confidence amongst their investors. If I wanted a binary bet I would have put my money on red or black. I intended to make an educated investment, which is only possible when clear and fully transparent information is forthcoming. This is currently not the case.
They need not be meaningless. Skilled communications are a key asset to any company. MIke B has acknowledged this and is aware of the risks of allowing the void to be filled by malicious malcontents. Removing the oxygen they rely on is the best method of silencing them.