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GL77: let us hope wind farm and the other a battery storage facility projects don’t suffer the same fate as oil exploration projects e.g. delaying paperwork/ bureaucracy and no ending approval procedures.These projects are very good excuse to raise more funds .

If the Gobi concludes duster, then Heron 1 and 2 will not enough to carry on as normal and at certain stage next year MB will play as juggler to raise the funds needed for further exploration and for green projects and so on! Let us hope Gobi have some oil then we can hope for SP recovery?

Prophetus: you are absolutely right, it is bit of a miracle or our good luck that Gobi doesn’t become duster otherwise share price is dipping down day by day and in cast of Gobi concluding duster , it will drop further!

Master82: You hit the nail on the head, it is top management’s ignorance for getting to nitty gritty of these vital issues of approval s of different kind because they are not bothered because they are having comfortable life and don’t care about the shareholders!

Cat will be out from bag soon! and mystery is over then?

Be ware! All bets on Gobi, If Gobi becomes duster , it will drop like a stone?

Sundezena: Since you have bought and I hope it doesn’t fall further which often does! And when you sell , it goes up! Isn’t that funny?

There are no shorters! Shorters don’t play their money in these of tiny stocks where margin are very wide and are not worth it.

There is something serious going on that the price is dripping to 2P level. There is a possibility it will be taken over cheaply or facing administration unable to raise further funds because of delaying tactics by local issues whilst all the expenses are piling up. I hope I am wrong and we do get some where to recoup our losses

Let us hope oil is found in Gobi well otherwise another about 2 million dollars down the drain?

Institutional investors are not interested in Matd like companies unless they have a solid proof of substantial oil find! We fool retail investors get sucked in for greed to massive gains but it rarely happens and we loose money.

Yes of course! SP 2.5 is crazy! But reflects the oil production from Heron ! Because there is expense as well to bring oil out , storage etc.You cannot expect more unless there are new find I am afraid.

In my view , only SP rise substantially if oil / gas is found in Gobi fields otherwise heron1/2 is priced in SP in my view. All bets are only new find!

We have learned a bitter lesson Master 82.

It is wise to invest in blue chip ftse 100 where you have less chance to loose substantial amount of money.There are plenty of good stock like IAG, jd sports, lgen and mng etc

Master82: It is not sensible for MB to talk to British Government for his frustration and make Mongolian ministery at high level to involve and sort this out, otherwise corrupt bureaucrats at every level won’t yield any results

You will never win in a corrupt country! MB knows this and he is having luxury life style at the expense of investors I suppose!

Sure, it will happen? MB is playing with fire and it is very risky stragedy to go on temporary facilities based extraction ! Governor will see to his challenging authority and adopt more stringent delaying tactics to put his stamp or May order close the temporary facilities and back to square one again?

Yes it is my mistake Horsers. 1.3 million was before fundraising in July 2024.

But delaying bureaucracy will eat the funds leading to new fundraising I suspect. Heron won’t save it unless we get major oil find in Gobi

There is a possibility of Bad Intentions on Mongolian Goverment part to delay permissions by bureaucracy to force Matd into liquidation and take charge of oil explorations. Cash is only 1.3 million dollars left and surely another fundraising will be coming?

Share price says all! That is the fact. Final Signature of newly governor install possibly take months rather than weeks making preparations for another fundraise to bring the oil from ground to lure the retail investor. Full marks to juggler MB who is master of dreaming which doesn’t yield anything. We have all lost money I suppose.

Nothing has changed! It has been on consistent rise since 6th of September from 134 to 160 P so it is bound to fall for profit taking! Let us hope it doesn’t fall steeply to 130’s !