Member Info for roxy2020

Its soon coming out and it will be there for everyone to see and chat about That is the long and short of it

Here's to some good news

More chats than trades today and this has been the Norm for a few weeks.

You need to understand that there are ALWAYS some who are in profit even at this low SP Manro. Whether they are shorting or just holding. The positive comments as you put it is has many reasons and they will never say anything else. Another reason is some are up to mischief and plain arrogance. NOT all though are trolls. The simple fact is many were driven by the prospect of PM drilling about two years ago. As this still a few months away many are just holding and hoping for the best.

There is no doubt whatsoever Mongolia needs foreign investment

Its how they are going about to try and encourage that investment which is in question

They need a modern proactive PR team locally and at international level

Folks .

I came across this article earlier which I thought was worth sharing. Worth a read.

Petro Matad’s renewable energy joint venture is making progress on two exciting projects. On the Oyu Tolgoi gold and copper mine (where Rio Tinto is the major shareholder), a MOU has been signed between the mine owners and the Japanese Overseas Environmental Cooperation Centre (OECC) for the supply of green hydrogen (which requires renewable energy) as a fuel for the mine and to help decarbonise operations. This MOU could see grant funding of up to 40% of the capital expenditure requirements for this part of the project. SRE has also secured approval of a feasibility study (from the Ministry of Energy) for a 50MW Battery Energy Storage System (BESS) at the town of Choir. This would help to cut the amount of coal used in power generation and reduce the need of importing high-cost power from China and Russia at peak hours. This is the second such BESS project in Mongolia, with the government looking at further projects around the country. SRE would be well placed to participate in other such projects. These developments amount to exciting progress for the JV, which was only formed in Q1 2023. ▪ Slow work on land access. Petro Matad provided an update on obtaining formal approval for State Special Purpose certification of the exploitation area on Block XX. This process has been held up the Provincial Governor’s refusal to sign off on the government’s Tripartite Agreement. Little has changed since the last update in March 2024 and the local land use approvals are still being pursued. Once in hand, the local land use agreement will allow the company to complete the Heron-1 discovery well as an oil producer. The company has contracts in place with service providers and timing of mobilisation is under discussion. Management is in discussions with PetroChina about offtake arrangements (covering areas such as transportation, processing, export and sale) of oil produced once the well is ready to start production. This would be good news as it would allow Petro Matad to start generating cash flows that would be used to grow the business. ▪ Valuation. Our RENAV (Risked Exploration Net Asset Value) stands at 23.6p/share. We believe that the resolution of the land access issue will be a step forward despite the delays to State Special Purpose certification. As management starts its work programme, better clarity will emerge on the valuation. Management will

Totally agree Ojay. You got it spot on.

Cyber I always tend to agree with you but on this point I think you have to say Mr Buck not in Mongolia dealing with these matters personally and getting the matter resolved is not right.

It gives a bad impression to shareholders and others dealing with MATD matters on a project that is delayed by at least 18 months or slightly more.

Nobody has a clue where this is heading.

That's partly due to very poor communication from PM and the boards chief sitting in Singapore waiting for some magical white smoke emerging from a tent in Mongolia .

As long as this saga continues we all have accept this is a true case of bread today jam tomorrow

We have just got to wait I am afraid for the next official announcement. There is a lot of somber faces and uncertainty from many on this BB but we we have no choice until there is a definite confirmation one way or another. The bickering and the " comedy " show between some will stop as well . If we get an official announcement by mid June I would consider it as a result but than we have said this many times only to be disappointed .

There is enough evidence to show that a few major mistakes have been made and the board are "passing the buck" to MG and others in the local province .

For a start the herders should have been compensated fairly and now we learn that this issue isn't fully resolved

Aeschylus whatever is being done now and waiting for the final approval should have been done a year or maybe two ago

The whole project is way behind schedule

In the meantime shareholders are paying for the privilege of having this board

Everybody posting here IS focususing on investment that's why they are still here

The point is the board and the delays and constant excuses is making this more and more difficult as time goes by. Now of course some would say sell

But than that would have a serious financial impact on those who cannot afford to do that

I would rank this stock in the top twenty on AIM but that doesn't mean anything until we have a solid management team

Ibiza its got to the point now where whatever MB says about progress or PM in general he want be believed

Doc you are right but even a corrupt administration would have sorted this out in five years

What really surprises me is that despite oil is required for internal consumption to stop its dependency on Russia and others the MG is not looking at this as a golden opportunity .

It beggars belief

The Indians will be completing the 800 million dollar refinery soon and it will be more than capable of handling the crude.

This just goes to show what politicians can do when they have their own agenda

Many like myself are LTH and were driven here to capitalise on the drilling. I think if I am totally honest most are getting fed up of the constant excuses and delays but than there is not a lot we can do about this. We are bearing a heavy load on our backs I the hope that it will be worthwhile and come to fruition

I must say IMHO Hamm is right on some of the points he is making

The board have not been assertive and have taken their eyes off the ball. Everyone keeps saying this has massive potential but there is zero potential until the black stuff is out

Folks I just wanted to add that there is no easy way out of this situation that the LTH find themselves in and if there is please enlighten us.

Its a different story for the day traders.

Dazzer I appreciate your concerns and I take on board what you say.

The fact remains that we have known for a very long time that PM board is not very shareholder friendly and as such there were opportunities where they could have given many signals well in advance. Like you I am a LTH and have a sizable chunk invested here but I take the view that most of us here including myself have no control of the situation we find ourselves in and talking and discussing the same thing again and again just adds to the anger and frustration. Best if we just let the board announce what their achievements have been in the last 3 or 4 months since the last RNS (it will be at least that and take all necessary steps. If it means that we are still not on course than we can decide what is he best thing to do . Each for himself.

Very good article. INVESTOR