Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I agree that is is a non-event. Oyungerel and Doug McGay were the original founders of the concept and the company. Times change and things move on. Apart from the founders, all of the old management has also gone. It is a different company with different needs these days. The main shareholders are still there, as they have been from the beginning, and are still represented on the bod. Plus Oyungerel is a community leader and a very busy woman. Normal evolution. The only thing that has not changed is the geology. The oil is still there.
Spainish - Echoing 2010's observation: I also live in UB and could offer alternative opinions to the observations you have been making for the past 36 hours. Suffice it to say that our take on the mechanics and dynamics of the relationships within Petro Matad paint a one-sided and one-dimensional picture of the company and its management. Your depiction of Mongolia is also insulting, but common amongst know-it-all expats who have been here 5 minutes.
Your reply to me in the first instance hardly warrants commenting. It did not address the central point that you said you did not bash the company. You do. Demonstrably. With respect to you dredging up my correspondence with Captain Stanley, pray tell me how he has been "proven right"? I cannot remember him forecasting this latest news from MATD. And his doom and gloom predictions of delayed drilling etc have not been justified in the slightest by this latest NR. "Be nice"? Pretty rich coming from one of the most accomplished bashers and name callers on this board.
Bishand: 14:17 - "I don't bash MATD" 14:33 - "that is not happening despite the 'interested parties', we had exactly the same language last year, its simply another yarn the that we are being fed to keep up optimism" Sheesh - change your name to Bashand. You seem to have reached "Peak Bashing" whereby no-one is safe from your weird obsessions. It is starting to far outweigh the otherwise usefulness of some of your posts.
With respect, you do not stick with what's in the RNS, CS. You consistently interpret and postulate worst case scenarios from the information given in the RNS. If it's not seizing upon permits or visas issues, it's assuming the back end of date ranges and the front end of climate operating possibilities. You consistently and cleverly paint worse case scenarios, in your disguise as a rationale investor.
OJAY: In answer to your misleading post about AIM & penalties: Financial Times Dec 17 2017: "Three businesses � two nomads and one Aim-quoted company � have been fined �450,000 and told off for �failing to meet expected standards� in 2017." And that does not count FCA sanctions (about a similar number). I am sure you have the capacity to research back to 1995. You will find similar numbers every year. Secondly - the visas have been issued? Where did you find that out from? In any event, it is a procedural and minor matter, never reported upon by any resource companies in the normal course of business. It was mentioned by Matad as a rationale for a changed drilling timetable. Not as a key milestone. Of course some on this board are obsessing about the visas. Normally you insultingly refer to them as clowns. Now you consider them arbiters of "price relevance"? For a much-boasted"LTH" of significant number of shares who constantly exhorts people to be patient and berates your so-called "clowns" you certainly go off topic at times. I suggest you settle back and listen to the tinkilng of the cows bells and have drink of chocolate milk.
You can be assured that the Nominated Advisor, the Company and the Exchange are aware of this rule and the Nomad enforces it on the Company on a daily basis. Over the decades of operation of AIM there is a very well developed sense of what is price sensitive and the definition of 'without delay". This would be applied to the hundred of companies on AIM on a uniform basis. The penalties for breaking the rules and Nomads not enforcing the letter and spirit of the regulations are severe. I am sure you are not suggesting that Matad and their advisors are doing that?
2010 - Your information is accurate. Well done. I have independently checked. Moreover to clarify a little, cabinet permission is just granting the space for the visa applications and approvals. All of the normal processes now need to be completed. You could assume all those ducks are lined up and it will move ahead in the normal course of events. I think things such as permits and visas etc are just routine and Petro matad is probably guilty of an eagerness to transparency and overly informing the market. Thats nice, but these routine matters normally aren't the stuff of an RNS. It is certainly providing the opportunity for scaremongers and people with an agenda to ramp up inconsequential matters. Same old faces - first it was permits and then visas. Something else will be next. Go back through their postings - they are always trying to find a hook, no matter how minor. And if it is not that it is an international conspiracy, historical slights or fake news. Keep posting 2010. Your insights and information are invaluable.
Dan Brown - well put. In context, this is a fabulous News Release. Increased estimates; enhanced targets; definitive timetable; new and very experienced professionals on board. 100% for transparency and information. Don't worry about the knockers - that just comes with the territory and you just need to recognize them for what they are. Some new ones and some of the old faces. If a RNS comma was out of place they would seize on that as a disastrous lack of professionalism and worthy of selling your shares. Let the dogs bark while the caravan moves on (to July and on) - as you suggest. Their yelping and whining might gain them a penny or two in the short term, but that is not the larger game here. As most serious investors in MATD recognise.
Good evening 2010 - I agree with your earlier comment about an RNS for permits/land use. Too many on this board use that issue as either a reason to sow doubts or to manufacture prognostications to bolster their own predictions. MATD have never made an issue of permits etc. In 10 years I have never seen an RNS announcing drill or land-use permits being obtained. These things are such run-of-the-mill events they pass without notice - as with a lot of other companies. As I read it, their mention of the matters in the past few RNS's was just a matter of being open and transparent. Not flagging it as an issue. I think your suspicions are correct. That is, any hold-ups in an RNS are not permit related. In fact, I think they are done and dusted as you suspect. Setting up a new rig in a brand new, relatively remote site, where nothing of this type has been done before takes time and effort. Civil works, roads, mobilize the rig and equipment (over 500kms along unpaved roads) accommodation camp, electrical supplies and distribution, communications, H&S checks and routines. local liaison groups; fire breaks and drills and on it goes. I see nothing wrong with all of that happening without the necessity for detailed progress updates and the color of the drillers toilet paper. And I see nothing untoward with the provisional timetable stated by MATD. It would be nothing unusual for MATD (or any company) to announce the exact drill site, the rationale and targets, and the imminent spudding when things are ready to go. I know that won't please some of my friends on this board, who crave more detailed newsflows. And I understand that to an extent. However I would prefer the team to be concentrating on practical achievements and advising us when milestones are reached rather than spending time advising the market on every incremental, non-market-significant news. Thanks for the always-insightful input and the news from Seoul. I can relate. I live in the region myself.