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Is that 3.9 billion shares in a company with no real tangible assets with investors basically doing the stock market equivalent of backing the jockey and not the horse?

As genuine investors, let's just focus on the fact that Petro Matad is finally starting its journey as an oil producer and is in a great position going forward. The Mongolian authorities have finally realised that it's in their interests to get this field producing so positive developments are coming thicker and faster now after years of unnecessary delays. The oil is there, it flowed unstimulated and we have route to market for it. That is all that really matters now. If you feel Mike Buck can now manage the resources effectively, perhaps leverage a bit of borrowing to accelerate the company's growth, then stay invested. If all you see is potential pitfalls and barriers to this growth now, then this isn't the share for you. Nor, I would suggest, is any micro-cap oiler trying to make their way in far-flung corners of the planet for you, as they will always have loads of problems to overcome. Imho, Mike Buck has done a decent job to manoeuvre the company to this promising position in a very difficult place to do such business.

I'm trying to avoid calling Mr C as I'm sure he's working all hours atm

Hi RBM. Should I have received an email by now from Mr Cotter mentioned in the last ZOOM? Sorry to put this on here but I've emailed Mr C a couple of times now and got nothing back. I'm sure everything is very time-consuming but two weeks plus seems a long time and I'm beginning to think I've somehow been missed. No problem if it's just a time issue, of course.

Yes thanks Herult. Getting my days mixed up. Senior moment!

This will continue to drift down today, unfortunately. Still Espen tells us that Chevron are all over this so looking forward to that. I'll buy in once this reaches a more realistic price, say sub .02p. Way overpriced atm. the rampers have a lot to answer for here.

Didn't expect the SP to be back at these levels after all these years. Was around this level over seven years ago. So frustrating and no point seeing it as a buying opportunity as you run the risk of being trapped here for more years.

Would be nice if the company out some pictures or even a video of today's ceremony up on social media. Exciting times after all these years and should be recorded at least.

Adw, you have posted over 50 times today on this one topic so it's clearly concerning you greatly. Why don't you write to the company and ask them for clarification, as any normal investor with such reservation would do? Why do you look for answers from a bulletin board? But of course, we know why really, don't we? Btw the RNS also states that the agreement will take time to be signed off at PC HQ. What agreement? You're always implying that there isn't one but Petrochina seem to think there is one as they have advised as to the length of time it will take HQ to sign it off. How could they advise this if the deal wasn't already done? The admin fee is not seen as part of the overall agreemnt therefore and is probably a one-off payment.

For me, 'export' implies 'sell'. If not, what's in ot for PC to do anything whilst waiting for the sign-off? Why would PC be agreeing to anything part of the process if the signing off from HQ was a sticking point? And if they can get as far as the export stage without the sign-off, then what would be the barrier to selling ? Are you implying that we would just be giving to PC to do what they want with it? Btw there is clearly an agreement in place with PC, signed andf sealed exactly as I said. The admin fee for the deal is the negotiated charge for the deal being made. There has to an agreement in place as it would be pointless starting production without one. The agreement is with local PetroChina officials and is done. That's my view as being an investor I tend to look at things in a glass half full way, which is normal in my view. If i had the doubts to the degree you have them Adw198, to the extent that you have hammered away at the same point over dozens of posts, then I would definitely sell. But there again we both know that you're an honest shareholder, don't we. This is a small-cap penny share oiler here, so I expect there to be a degree of risk and accept it. No genuine investor at this end of the market would be as obsessed as you are with hammering away at every possible negative interpretation of company statements without an ulterior agenda. Stop with the dishonesty and just state the truth that you, with others, have a tactic of trying to kill positive sentiment in this share to suit your trading position. Unfortunately these small cap oilers are, for obvious reasons, easy pickings for the unscrupulous like Ad198 as they are high risk.

It's clear that local Petrochina officials have agreed an informal agreement with MATD to allow production to go ahead, along with 'export' which can only mean 'sell'. Why export it if it's not sold? Why take it out of Mongolia if it can't be sold? The local PC people have basically made it clear that the formal agreement from PC HQ will be provided retrospectively and is purely an administrative requirement that is a formality. The local PC people clearly don't want a formality to get in the way of business being done and are therefore going ahead. Sometimes business just has to be done this way, especially when you are a long way from Head Office. This is how I read this, otherwise Matd would have had to make it clear that they were unable to export the product and would be forced to store it, which would be pointless. The production can only start up if the company can do something with the oil in terms of moving it, selling it etc. The RNS makes it crystal clear that there is a point to getting it out of the ground. Why has Adw198 spent the entire day, in endless posts, hammering home the erroneous assumption that nothing will be done with the product from H1 when the RNS makes it clear that the whole process will be commencing? There can be only one answer and that is that they are trying to kill any positive sentiment building around the share by hammering away at purely inferred problems in order to trade the share. Read the RNS.

There is literally nothing wrong in what I wrote in that post. What TF are you talking about? You need help reading buddy?

That's nothing to do with the company and everything to do with the way the markets operate on AIM and elsewhere. This company's SP should be way higher than it is, that's clear. I've seen this happen time and again with good companies not progressing in the markets when they are actually making great strides in reality. This is clearly due to structural problems in the way markets now operate, with MM's basically holding all the cards. I'm fine with genuine criticism if the company goes about its business in a bad way but it's actually irrelevant what the company is doing.

Yes, Doc does like to gaslight. Incredibly manipulative. and btw the negative numpties have not been right at all. Every RNS for months has been incredibly positive wrt to the company's progress. That is clear but the derampers have worked so, so hard at putting negative spin on anything positive. Sadly one suspects that such gaslighting very much characterises their approach to personal relationships also. Hard to believe they leave their manipulative behaviour solely on bulletin boards. Horrible, horrible people in every way.

Hmmm, sad to see this falling back after the recent manipulated spike. Probably trapped a few more mug punters in. No investment case here so I can see this drifting down to sub .002 by the end of next week. Feel sorry for those trapped here by aggressive rampers. It's obvious who they are.

Love the way these numpties spend all day examining evey possible negative interpretation of news and developments and then turn around and try to state that they are invested. Quite simply, NO GENUINE INVESTOR SPENDS THEIR TIME FOCUSSING SOLELY ON THE NEGATIVES. This is a penny share, tiny Mcap oiler so it's incredibly easy to claim relentlesly that things aren't perfectly lined up with everything signed and sealed. JUST IGNORE THEM. THEY ARE DISHONEST AND MANIPULATIVE. Just call them liars each time they post. Name them for what they are. They are traders trying to manipulate entry and exit prices. We all know who they are.

Don't forget that Doc is Cod backwards.

Yeah, I still had all my teeth and a full head of hair when I first invested in MAFL, and the share price today isn't a lot different from then. Does anyone remember the golden days when this could go up 10p in half and hour like it did when the company actually issued an RNS saying they'd found a bit of Indium at LS? How long ago was that, 8 years maybe? It went to 22p from 12p if memory serves me correctly. We honestly thought that the mine was a couple of years away at most then.

And Mike Buck loves a thursday. His week ends on a thursday.

Don't forget Espen promised us that Chevron are licking their lips at the prospect here. They love a drone flyby. Come on!!