Give it a rest.Clearly MB and his team have done an excellent job under trying circumstances and the end of the process (11 years for me) is neigh,the EL being very close to award, your ignorant and libellous comments to the contrary.
is equally as misinformed as Manro. Clearly they do not understand the laws of libel and slander.Most ludicrous of all their falsehoods is their contention that I am in the employ of Matad.Beyond comment except to say that there is no cure for stupidity.Being stupid they lack the capacity of insight as to their intellectual capacity. Matad will get the EL in the near future.It has been a frustrating experience for all but not due to at all to any negligence on the part of Matad mgt.
Mining/petroleum convention/trade show21 Mar 2021 20:13
I understand that this event is scheduled for the middle of May in Ulan Bator. As someone with some background in the area it is clear would create a very poor image for the govt to have the EL for Matad hanging in the balance while a major Conference seeking to persuade the international investment community that Mongolia is open for business is taking place.The only thing worse would be a rejection of the El given the effort made by Matad which has filed a bona fide,credible application and has throughout the processI received govt support. I would appreciate any thoughts of any of the participants on this board.(Not the nutcases who are convinced that the whole business is a scam.)
discussion on this issue is really rather barren. I repeat ad naseum Matad is hardly destitute. It is a classic candidate for an LC or third party injection of funds on the grounds of having a company with highly potententially productive assets that will rapidly materialize revenue once up and running.Bagehot the father of the BRITISH CENTRAL BANKING made the point rather succinctly.
Only some very ignorant person would post such insulting nonsense about Matad doing jack in the face of substantial progress to date.It is neither from a lack of effort or inertia by Matad that there is no EL.This is a new game and Mongolian Govt is IMHO taking a prudent approach. Frustrating yes but there is it is.
No they were not gracious .Only a condescending twit would make such an asinine comment.They are professionels who made a strategic move to keep Matad functioning. The latter is asset rich and cash poor so time is required. With an EL the company becomes a serious emerging player in the oil word.Clearly also you cannot read a financial statement like the rest of the financial illiterates who apparently take great delight in demonstrating how dumb they are. poor
The international mining and petroleum exhibition scheduled for May will be a catalyst for the expected EL announcement, either at the exhibition itself or in the lead up period to stimulate interest in the petroleum industry....OPEN FOR BUSINESS in Mongolia,contrary to the hysteria and lies being pedalled on this board by Monroe,Spanish et al who will not rest till Matad falls. "All sound and fury, a tale told by an idiot signifying nothing."
will IMHO not be neceessary.Matad is a classic example of what was historically the raison d'être of central banks, lenders of last resort to companies who are asset rich and cash poor.Matad has moved from owning resources to owning reserves. It will need working capital and can use its reserves as collateral for a LC to commence operations. Serious share dilution will be unnecessary IMHO.
Where did you two fools come up with idea that I represent Matad on this board.I have been invested for some 10/11 yrs like others and have been following events since the start.Matad was mismanaged for yrs but MB is clearly highly competent and has with his team brought Matad to the brink of a producing oil company. And it will have no funding issues and no share dilution being asset rich and cash poor.Once El arrives banks will be happy to advance sufficient funds to start production. With respect to Spanish last post it is just a silly nonsense from s.o.eager to show off apparent knowledge about project planning the assumption being MB and team do not. I would tell all of the naysayers on this board re:Matad to .... ... and die.
has been severely "obscured," just by what is unknowable even to himself but we can say with certainty the cause is not Mike Buck who is doing an admirable job under trying circumstances. The El will land sooner rather than later and IMHO without serious share dilution.Matad is asset rich but cash poor which is hardly insurmountable.
What have I said at any time on this board that has made Petromatad look bad.Quite the contrary on all occasions I have supported management because they have been honest and forthright via RNSs.The scurrilous comments have come from ignorant twits who revel in their lot.
How can you honestly draw any conclusions from Elixir success vs Matad in the absence of specific knowledge of the circumstances of the two entities. There is no evidence that Matad management has failed.Quite the contrary they been assiduous in the pursuit of the company interests and have met all regulatory requirements requested by the regulatory authorities.Where is the evidence to the contrary?
is unfortunate but not surprising.The ignorance and stupidity on display here by those who have no idea how corporate governance works, the rule of law, conditions pursuant to the issuance of an RNS and the repeated attacks on the honesty and management capacity in the absence to any evidence to the contrary has made an informed exchange of opinions impossible. Manroe,Ojay, RockyRo et al are shamefully ignorant people.They have made malicious accusations of corporate malfeasance with no basis in fact. And they are cowards hiding behind their anonymity.Shameful.
is rock of commence sense (actually in short supply on this board.) If MB has inside information material to the company prospects he must immediately disclose to shareholders and public via an RNS.The absence of an RNS since Jan.5 means that there have been no material developments since then.Excitable shareholders on this Board cannot understand apparently how the process works and inter alia slandered MB et al for doing their jobs which are beyond their comprehension.
So a letter to the PM of Mongolia is going to do the job.And Matad is sitting on material info. There is no cure for stupidity.How can there be? A stupid person has no insight into his own condition and cannot be enlightened therefore. Final comment to the relief of all, moi aussi.