Member Info for Pilsbury7

TBT. You have said exactly what I have said about the paperwork = Evidently until it’s signed it’s not signed.

Objectively, the paperwork has always caused the problem in Mongolia and is the thorn in the side of Petro Matad.

If the paperwork is not cleared up and contracts signed the oil refinery will just sit idle.

Petro Matad will not go bust as it has the trickle of oil as a cashflow life line.

TBT.

We all should know by now that a small volume of the oil will still flow during the winter period and bring in a trickle of life saving cashflow however we have no guarantee that the paperwork with regard to monies "owed" and the Farm out will be sorted. I have been here for the past eight years and there have been countless occasions then the paperwork has been delayed for various geological, environmental and political reasons. We need Mike Buck to convince the investors the paperwork will be cleared up prior to drill season 2026. He needs to go on Bloomberg or an interview with Malc to confirm what is happening with the paperwork.

All the petty squabbles between the various posters on this BB will not stop winter arriving in Mongolia.

To a certain extent it's been another wasted year although the future does look promising as we go into 16 weeks of hibernation. Now is the time to press on really hard with the paperwork to get everything sorted for the new drilling season otherwise the supply line pipe and refinery will have become a white elephant and embarrassing burden to then Mongolian Gov't.

Any update on the Mike Buck interview?

Any more news on when he appear on TV ?????

Sorry Ab I just realised this is what you are acknowledging.

Abzzba. Don't you mean Heron 2 as Heron 1 already has a nodding donkey pump??

Okay there has been share dilution in recent years but I think we need to consider the original opening value of this stock back in 2011. It was just over £2 per share based on the speculation of oil. We now have oil and green energy so when I read projections of 4p to 8p I think do they really understand the value of the market - answer NO

Abzzba.....Thats the very reason why I'm still here, I'm not going anywhere and I hope the other long term investors stay the course as it's been a rather bumpy journey. Big Potholes in Mongolia, makes UK potholes pale into insignificance!

Hi Polio. I would agree although the whole situation has been complicated through the influence of Power and Politics (Communist v Capitalisms) and environmental impact like Covid plus tribal land laws dating back centuries. I have always considered this to be an excellent investment and diluted SP accordingly and the immediate looming horizon has an amazing potential possibly beyond our wildest dreams. Just need to ensure the gap between expectation v reality stays in the real world rather than hypothetical scenarios. We are lucky to have MB who has taken this ship through heavily mined waters and is now closing in on the harbor :)

Thursday is the most popular day for an RNS. Until the RNS arrives everything mentioned is just speculation. This has been demonstrated time after time when ever an RNS is published. I've been here for the past 8 yrs so I understand reality.

I averaged down from 7p to 4p although there are plenty of shareholders at 11p plus also some will have bought at +35p and are truly underwater. I agree with TT1981 what he said about Master 82 he plays an odd game on this BB.

Master is correct. The majority of share holders have an average holding of +4p so not many will be that excited at this point...we are a long way from recovery............

If you check out the satellite images for h2 there is one black dot on the 22nd August then on two black dots on the 1st Sept which when reviewed on the 18th Sept (yesterday) the two black dots remain the same.....any thoughts abzzba?

Just checked the satellite link, if you tick today the cloud cover has gone so a clear image although I can't tell what is down there in terms of vehicles etc. Anyone else check it out ?

I've been invested in PM for eight years, got a reasonable volume at avg price of 4p. ADW189 I would say to you don't count your Herons before they are hatched all to frequently this share has been over promised and under performed and historical data is irrelevant given the significant change is the dynamics of the business environment although I have faith in Mike Buck will deliver as he has been constantly working against negative power and politics that now appear more positive.

This is quite literally an 'Acid Test' for H2 this week, if proved commercial it will certainly help the liquidity of PM. Acid test is used in the world of accountancy to test if a company can pay its immediate short term liabilities. Fingers and Heron legs crossed for positive result this week.

Mankippers. I think your expanded assessment is reasonable. Although now diluted in volume his share has moved to recorded heights of £1 plus with no oil. Whilst there have been significant setbacks the vast majority are now sorted and the demand from the oil refinery will provide the catalyst for the oil to flow.

I wouldn't worry about Bad Profit all he needs is a little love and a pat on the head to say thanks for his amazing contribution through out the years. He is one of the original Muppets that arrived to bring a warm sense of humor to what is a relatively boring subject - we have been blessed.

Mankipper. From your calculations on SP movement you are saying that the poor investors who have stock valued at +12p will not see a return on their investment? I'm not sure how you calculated the SP movement but you may wish to recast your guesses.

I've just done a small top up.........keep the faith