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In the festive season at least in the West,shareholders should give thanks that this pompous twit is not in charge of Matad.Apparently he has greater insight into how things work than MB.Nothing
illustrates his ignorance of govt bureaucracy than his fanciful notion that HE would meet with Mongolian PM to inform him how it works, that HE would meet with the Brits who have influence
(apparently) and that HE has clearly more insight than MB who is according to HIM languishing
in luxury and idlenessn in Singapore.Quel buffoon.Marpam is the regulatory agency that issues
the EL not the PM's office.That is the law of the land.It would be extremely disconcerting if it was the PM' office.Apparently HE cannot read or HE has reduced comprehension abilities.MB has done an excellent job in guiding Matad towards the hopefully soon to be issued EL.There is no crystal
ball at work here.
It was not my intention to start a discussion on C-19 and this will be my final comment on this subject.The survival rate for C-19 for 80% of populations is over 99%.For the oldest cohort it drops to 94.5~%. The average age of death is over 82 yrs. This is not a serious threat to anyone but the
oldest and speaking as one I don't need a govt to tell me what I have to do to protect my health.
Lockdowns are doing more economic harm, causing needless deaths, poverty,useless mask wearing et al.Look at Sweden,US states such as North Dakota,Florida. You are being bamboozled
by your govt. In fact just today it was announced that overall death rates in 2018,19,20 were the
same.No increase in total yearly deaths for 2020 therefore.Hardly an indication of a pandemic
but certainly an indication of scamdemic.The cost has been high and is still rising. Some good new on rising oil consumption which is what we should be talking about inter alia.
Difficult to say until an independent agency confirms same,
So we have the prospect of a vaccine that is 92% effective for a virus that has a 99.9% survival rate for 80% or so of the population and a 94.5 % survival rate for the remainder. The average age of
death is 82.5 yrs for C-19 and the deceased are mostly inhabitants of nursing homes. This is a scamdemic. I note also that vaccine trials usually take up to 10 yrs. or more. I fear a repeat of the Great Depression of the'30s.Fossils fuels however are not going to be replaced any time soon.
Energy transitions take decades.Oil will be needed and used for decades to come and Mongolia
is positioned to be a regional energy player. Matad will play a major role in that reality.It would seem that the EL is forthcoming by the AGM. However all IMHO and I note that I have been OTL
on more than one occasion.
I think the question is are rules being made up or are they establishing new rules to create a climate of certainty necessary for future development based on the rule of law,ie.respect for property rights.I think the latter.After all India has put a considerable sum at risk in the construction of the new refinery.Nevertheless it is taking considerably more time than expected
but the EL will be issued.The AGM should be interesting.
Foolishness
Petrovis is a shareholder,admittledly a large one, but a shareholder like the rest of us.If there were
material threats to the EL MB would have advised same.He has not. It is therefore reasonable to assume that there is no "political threat" to the company's prospects .In other words no
confiscation without compensation. Mongolia wishes to participate in the international economy
I understand, so what would be their interest in the strangulation of an incipient producing
company.Unfounded accusations or idle speculation add nothing to the debate.
Pay no attention to Kahn's latest post.What would motivate the govt.to give Matad the "slow
no?" Petrovis is after all a major investor in Matad.And unless there is some serious 'crony
capitalism " and associated machinations at work Matad will become in short order, after a long
and unexpected delay,a producing oil company. I see no reason to mistrust MB's handling of
the company's affairs. Note finally the date for the AGM. I expect the EL announcement soon.
is non existant.EL will give PTMTD assets-an asset rich cash poor company so a short term line of credit seems to be the bast approach as opposed to share dilution.
does not know what he is talking about re:being around. Is 2010 long enough to qualify as an LTH?
I believe there is a lot going on behind the scenes and we will be advised as soon as it is material.
I trust the management of Matad unlike him.
has an interesting insight as to what may be going on behind the scenes.
We are all getting frustrated with the delay in the issuance of the EL but the fact that the company has not issued a further RNS on the of cause the delay tells me that the matter is procedural and not substantive.Bear in mind that Petrovis is a major shareholder in Matad and MB has been
very forthright in his RNS comments so the question still remains when not if IMHO.
Just wondering wherever did you get the notion that the govt.could want to put Matad out of business.While the EL approval process is taking a lot longer than we expected surely it will come.
Matad is an asset rich and cash poor company.Once the EL arrives it should have no trouble raising the necessary operating capital without a stock dilution.I reread and reread the RNSs and I see no
reason to second guess MB though some on this board have an obsession with same.Time will
IMHO prove me correct or OTL.
is a foolish poster.Pay no attention to his ravings.MB has done a good job in advancing the interests
of the company and cannot be faulted for the delay in the approval process.He is not in possessions of a crystal ball and must respond to reality as it materializes.I am unsure how anyone
else in this position could have done better.I am as anxious as anyone on this board to see the EL
arrive.The fact that it has not cannot be attributed to any failure to act responsibly by MB.
No point in emailing company.They r required by law to release any price sensitive info as soon as
it becomes available to company.
..a rhetorical question.. I assume you mean.And no it is not a rhetorical question. I assume you cannot answer.
Tell me how having knowledge of buys and sells (all other considerations aside) is material to
making a decision to buy or sell? Surely the RNS is by far the most significant determiner of
such a decision.
If buys and sells are not being accounted for properly how does that influence stock price,
especially given we are talking about a paucity of shares in play? And how would it be a factor in any decision to buy or sell,assuming said buyers and sellers are rational.Sound and fury signifying
nothing, perchance.
Buys and sells must balance. So who cares if there is misleading info:re same.It is not the company
that is doing this so it is of no material value to stock price. Given the size of the float, some 700
million shares it is hardly going to influence stock price. The only issue of serious consideration
is the next RN.
Shareholders should pay no attention to this joker.Apparently his knowledge of Mongolian oil
and approval process is superior to that of MB and the group at Petromatad. Progress is being made.The El will arrive soon.There is no indication that the regulatory authorities are deliberately
delaying the application process to coincide with refinery completion.If MB has knowledge that this is the case by law he would have to advise shareholders immediately.Read his nonsense and then press on to something more important.