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Valued at 200 million but making a 4.5 million loss last year. Somebody make it make sense. Hahaha

Emperor of Empire really is naked.

200 million. For some holes in the ground? Really? Amazing how these no-asset stocks can be driven to ridiculous levels by sentiment alone. Rampers have clearly trapped a lot of mug-punters here.

Hamm, you keep touting a raise. What do you see it being spent on? Simple question

Maybe so Cevod. But we're not the ones valuing this at 200 million. That's the very definition of a fookwit pea-brain. Hahahaha

I think the problem Cevodniya is that this is currently valued at 200 million. That's just crazy. Matd is valued at 17 million and has huge proven reserves, growing income, an imminent farm-out, no debt and a burgeoning renewables arm led by a leading player in the sector. Moreover the company is a central plank in the Momgolian government's policy of energy independence. You have some holes in the ground valued at 200 mill. So I've no idea why you'd be drawing attention to that fact by mobbing the Matd board to goad investors there as they might, in turn, come here to point out that the Emperor has no clothes on. See what I did there?

Looks like the Iranians are completely outsmarting Chump and the loons. Chump giving in! What a prize pillock.

I might buy some if the Mcap dropped to a realistic level. As far as I'm concerned 200 mill is utterly ridiculous. It's so common to see these outfits massively overvalued on their promises. If you think its worth 200 mill, then good luck to ya.

Hamm, you keep managing to get fundraise into every post. Just for clarity, what would a fundraise be for? Not even you could argue that it would be to keep the light on now. Perhaps put some flesh on the bones of your fundraise scenario. We can assume we have the money for Gobi drill, completion oh H2 testing and completion works and the de-wax of H1 to push bopd up possibly. What would your fundraise be for?

It really isn't Tbt. There's just nothing tangible to invest in, just promises and jam tomorrow. I've seen so many of these, hyped on the promises, deliver nowt or it takes decades to get anything going. There's just nothing here to invest in. A 200 million mcap!!! Hahahahaha

All I can see is green boxes Tbt. They're trying ever so hard.

When can we expect to see income here? With the high cash-burn I guess they're intending to fund everything with dilutive raises.

How's Trump's game of 5D chess going, Dusty? You probably still think Chump is working to a grand master plan.

Massively overvalued here.

As Petro Matad stated awhile back;

'Thank you for your enquiry

The farm-out strategy that we are pursuing continues, with talks ongoing with one of our counterparties for Block XX.

Heron-1 has shown that commercial exploitation of Block XX is lucrative and can be realised rapidly, with the upside potential of the block significant.

Our counterparty understands this and is working through due diligence processes as talks continue.

We will continue to update the market on material developments.

Best wishes,

Petro Matad IR'

Literally nothing has changed since then apart from oil going up by 50 bucks a barrel!

As a certain Mr Buffett said..

The Stock Market Is a Device for Transferring Money from the Impatient to the Patient' What may sound like just another eloquent one-liner from Buffett underscores a simple truth: over time, active short-term traders often underperform while patient investors quietly yet steadily build up gains.

Certainly not the time to be in stocks such as this. All jam tomorrow, but tomorrow is so uncertain now. Can't see anyone coming in big here now. Shame

What's the average length of time for a farm-out deal in Mongolia, Master? Stop whining man. Sell up or pipe down. With respect.

*is

Why are you assuming nothing his happening? No news just means no news yet. Stop whining.

Morning all. Beautiful weekend. Glad to see not too many wasted a precious weekend posting on here. More green compost bins than anything else which tells you all you need to know. Desperately lonely, really.

Anyway, Brent over $113 and no sign of things changing anytime soon. In fact, they will probably get worse - Scott Bessent said 'sometimes you have to escalate to de-escalate'. I'm predicting boots on the ground within a fortnight.