Member Info for SirBob

Well on a positive I’ve been in four wild cat dusters to date, so if all had 20% COS this is the one!!!!

(I thought everyone had Iamrich on filter? Lol)

There is some truth in what Manro says, not necessarily with Matd specifically, but an overall AIM risk…..Yourgene was a share I’d been in and out of for years, always seemed to behave fairly well as a board, until earlier this year when the share was 4p and they issued £10m of shares at 0.1p to major shareholders and board members and my £4K became £400 over night……..and many do constantly just raise…..like Angus whose shares in issue is so huge I can hardly even say the number.

In Matd case I’m more worried about Mongolian govt than Buck.

I thought earlier this year his white lie about 1-3 months till permit was superb way of not raising at 1p or lower.

I don’t think we’ll see an LP this side of drill, but may see a rise up to or after Spud, which from RNS is next scheduled RNS, so probably around two weeks away.

GL all…..trade carefully and be aware of what Manros warning, but don’t let it spook you to much, at the end of the day life’s a risk in itself!

So firstly , the yet new obstacle in the way, I said at the start of the year and yesterday on this board that I firmly believe the MG is trying to push issuing of permit past this years drill season, in my own personal opinion I think Sept sometime, oil extraction April 2024 hopefully . Overall I think it will come.

On a positive note the drill will begin BY MID June, so 2-3 weeks, so we may still see a rise up to this, be very interesting to see where we sit share price wise at the end of the week……

I just hope MB does not go ahead with costly renewables until we have an income stream as there’s no funds in the bank for that and we know what that means……

Master the Mongolians have dragged there feet hugely on this licence, they want to ensure they have oil for the refinery they are building , they’ll look pretty stupid if they have no oil to put in it.

We could soon find ourselves in a position of awaiting an Lp and an exploitation licence…how ridiculous would that be…...interesting how fast track building of the pipeline has been compared to our licence! To pretend there has not been any stalling on our licence is just as stupid a comment .

Next week we approach June and Mr B is surely going to have to release an RNS About impending drill.

So either this week coming or early the following.

This RNS is crucial for investors as if no concrete news on LP is in it, investors need to choose whether to sell up prior to drill, as share price will drop if a duster or just sit and wait in hope of LP in future and take the ‘ride’ with the share price .

We may still have further to go on pre drill rise, we may not……so decisions for investors are imminent.

I just hope Mr B is finally going to deliver a block buster of an RNS……with the top billing being the LP….

Condorman, your A and B points are both valid, my point is, no matter what companies been formed is irrelevant, there’s only one thing we need now and that is the LP, so we can generate an income and limit the need for dilution.

Any new projects could be seen negatively by share price as it will envisage large costs on no income. We Need Land permit!

I share Manros frustrations, although I think bombarding govt will have no impact. I’ve always thought they’re delaying to as near refinery finish as possible, as Manro points out, just more and more excuses not to issue and all at a snails pace. That said they are looking to encourage foreign investment and this can’t look good……so I’m hoping Mike Buck is holding back to issue mother of all RNS’s to regain his credibility……next two weeks will decide that.

Or it’s a gamble your prepared to take, as long as money you can afford to lose Condorman

Well that’s not so bad then Condorman, but let’s just bear in mind we currently still have no income stream, so new projects equal dilution until we have an income stream to pay for them - that’s not being negative, that’s reality, and renewables aren’t cheap……

Lol - I thought the same Rookie - AIM is so corrupt .

But your not allowed to say that on this board as it’s actually the shareholder

Reassurance board, where members tell each other everything’s gonna be alright!

With the exception of a few, Bad prophet, AIinvestor and Doc.

Hopefully it’s not that, but I see little good relating to us, as we are one company, this will be another. As someone pointed out earlier.

The RNS will tell us when it comes, but not from anyone on this board.

I’d of thought we’ll get one sometime in next two weeks for sure.

DInger - you’re right mate, I stand corrected.
Let’s hope we get similar momentum here soon.
GL all

Rookie - last answer was incorrect - in 20015 Major player BG group bought into Matd and all there prayers were answered as far as funding future drills, sadly BG group were then bought by shell who didn’t want to operate in so many countries and thus paid Matd around 10m in compensation. The rise was during the initial BG investment as I recall.

Master, I don’t care if he met with the Deli Llama and Gandhi , projects equals money required and more dilution for share holders, there is only one thing that matters here at present and that’s the Land permit to generate income which we can then spend on projects and stop this continued dilution.
Without it we are just another AIM company fleecing shareholders every few months to fund the boards large salaries! We need an income stream end of.

I’ve not seen a single deramper this morning Mr P, just people pointing out realities, none have said long term it won’t come off, just not as imminently as some are mis leading people with. So far the more cautious have been right as every week a ramper says ‘LP this week’…..still waiting….
Master just said oil this year guaranteed - no it’s not? When’s Mr Buck even said that? He wants it like we all do, but patience is required.
I’ve three million of these buggers, 93k worth to be precise, but I’m not going to lie or mislead like some feel it’s acceptable to do.
There will be production at some point, there will be a pipe line and the share price will rise, but maybe not for a while (although we should see a pre drill rise)

Quite right CandC, when have the Mongolians ever rushed this through.
I bet if the refinery was opening this Spring we’d have had the permit a long long time ago…..
If we hit on our next drill we may be waiting for an exploitation licence and a land permit on two different sites!
That said and the counter argument, is how can the MG expect people to bid for licences when they have a record of not letting people get the oil out…..
So an interesting situation all round.
Personally I think we’ll get permit at end of drilling season so they push us back another year nearer refinery completion……but I hope I’m very wrong. This will come good, but oh the patience required is painful….

Personally I believe MB mis lead everyone purposely on the land permit.
He didn’t want to place at sub 1p, which would have been the case had we not seen a share rise on him slipping in 1-3 months timeline for LP ……he then carried out a placing at much more respectable 2.5p…….seen much worse lies/manipulation on AIM - well done MB I say.

I filtered Wos and I’m not rich ages ago.
I’ve been trading oilers for twenty years and same old posts, same old ramps,
£1 party rears it’s ugly head now, a Range resource favourite (where are they now ?)……
I’m hoping for a rise up to drill , if we can hit 12p I’d probably sell up, hoping LP will come before drill starts and if it does 15p plus and again I’ll be out, pays not to be too greedy in AIM, as ultimately AIM is corrupt and if company doesn’t fail you, directors and major shareholders will shaft you.
Remember - filters your friend .

Great post ibiza28, couldn’t agree more.

It says to me Master that the meeting was adjourned last time and a vote arranged for today ref your info.
On a positive it would appear the MG and Matd are still Charging ahead with the dual central government route to stop more stalling.
The locals I dare say can see it possibly more beneficial for them to be Accomadating/accepting of it, if it’s gonna happen anyway.
I believe both the MG and locals benefit financially if we produce oil.
Let’s hope we are in final stages at last…..

Master82, I read your time line and good research.
I don’t however see the relevance of the locals meeting on the 6/3, surely it was rejected again here, as if it was passed we wouldn’t need the govt issued LP, as the problem currently is the locals objection.
It’s my understanding that if the locals approved and let it go ahead, no need for govt intervention.
Please explain from your point of view . Thanks SB

Few good points, firstly as said, surely Mongolia have to give license soon to keep any credibility as an investable country.
Manro also right in saying we could end up in a position where we hit oil twice and can’t get any out of ground due to no LP and awaiting yet another exploitation licence in the other….let’s hope your right Landicaamans and MB does have his balls in alignment…..
Agree with you on pre drill rise pattern , although it does sometimes drop near spud as profit takers bail out……I may be one if no LP by then, but hoping we get LP and spud combined rise…..either way by this time next month this will have developed and hopefully be in double didgets, exciting times