Member Info for SirBob

Well Mongolians have stretched it out three years……watch all local issues disappear when the refinery is due to open…..
I’ve said it all along…..hopefully my patience will one day be rewarded and I can finally sell my extended hold of 3m shares…..frustrating to say the least

Seen it all before……if any decent/genuine news would pence higher not 0.3 of one…….expect a retrace soon enough…..I fully expect Mongolians to try and drag this out as near to Refinery completion as possible.
Two years for licence, now convenient new delays

Funny Hamm says that about refinery as I said that few years back and was slammed down for it…..by Manro funnily enough……but after two years to issue a licence and now non events this year I’m fully prepared for another year of no action….given I’ve 2.7 mill of shares I probably won’t add if goes lower, but I think 2p certainly a possibility …….but it will come good at some point in future for many multiples…..so patience is name of game as it will still pay many multiples of money in bank…….and who knows we may yet be surprised …..here’s hoping!

I hold just shy of 3m of these. Don’t post much anymore as constant rampers v alleged de rampers posts.
Many years ago our dear friend Manro chastised me for suggesting the Mongolians we’re trying to delay this for as long as possible until there refinery
Was ready and I sincerely hope this isn’t the case, but progress this year is disappointing, you’d of thought with two years on nothing it would be all lined up ready to go.
I was a fan of Mike Buck before the dodgy placing and the inactivity this year …..but the only honourable thing he has done in last few years is take a pay cut during period of inactivity.
All in all I do think this will come good, my average is around 3.5p, currently have £120k worth…..but fully ready that this could take anything from 2 months to 2 years to get back to 30p area.

I too rated Mike Buck, right until the 33% dilution…..then realised just another AIm salary funder……however they clearly thought they'd make a wad of cash buying at 3.5, so all about exit point and not being too greedy now I’ve a 3.1 average. Should be pretty much boom or bust within four months (bust being further delays)……

Hardly deramping! I’ve nearly three million of these and I’m more than aware
That all the points Hamm makes are true ……hopefully we will overcome them.
Discussion board is for good and bad points to discuss, and Matd indeed has both……..don’t expect much from annual general meeting tomorrow, there always hyped up on these boards but in reality they just pass a load of measures and no news comes out of them…..
Patience is the key (and Matd holders been tested on that more than most)…..hopefully this will be our year…....

May be able to on CFD markets on IG, but not index , even did a test buy/order following your comment last night. As I say I had an email giving me a deadline to close my positions. So definitely not as a spreadbet.
Not a bad average you have there, after two divorces I did a ‘do or die!’ With my little pension pot remaining hence my large holding and average……I will probably offload if we hit 15-20p…….all this talk of 30-50p I’ve seen so many times over the years with maybe only 1 or 2 pulling it off, the majority spiking up and quickly back down. Plus I only need 12p plus for a good pension recovery.
The placing for institutions and board last year though at 3.5p gave me confidence in my 2.8p buys, as they'd not have bought unless very confident (that said Mike Buck has bought at 11p ish before)….still some clear obstacles to overcome, but we’ve not long to wait to see if it all come good…..certainly not for the faint hearted.

IG stopped dealing in Matd about a year ago approx along with around 250 other small Caps (although weirdly kept Angus Energy)…..had to close my £1k a point out, Purchased 2.7m shares at an av of 3.1p now….so fingers crossed this is our year.
As far as I’m aware IG still don’t trade Matd

Bad Prophet - I was in at £600 a point on IG at 12p, took a £6k loss when IG stopped trading in them and numerous small caps last year, bought 6k in real shares at 3.5p, which has to yet recoup the £6k loss……then popped £75k of pension pot in, it got decimated by divorce, so a boom or bust for my pension (have property as back up)
Good luck all.

Filled final £15k worth. So my full holding is £2.75m at 3.1p average or £78k
Roll on March/April I hope …….

Some of those will be mine, bought one lot at £20k trade and three lots of £10k.
£15k still to go, but may hold off for today. Been very easy to buy, I still wouldn’t rule out drop to 2p in coming months, although 2.7 has been support before.
Hold circa £90k worth once but last lot, feel reasonable happy as average will be below Mike Bucks and Petrovis recent buy in price.

The lack of action until 2022 is likely to hold this back, the way of AIM unfortunately.
Hope I’m wrong, but initial opening appears to indicate this.
2022 will be a great year though…..

And hopefully we are nearly there, MB goes up further in my expectations, managing not to dilute and with pay cuts board has taken the loan will last to near end of next year, which for an AIM is superb and respectful to share holders.
Not quite sure how market will take it, but looks like in final two months......hopefully positions will be taken....
Good luck all.

As I recall.....thought my 6k was bad enough.
If any other company had posted this RNS today I’d have been ecstatic ......
I wonder if GL is trying to convince his potential lenders that he has options and is not back against the wall....
Well if it all falls through now he’s gonna look very stupid, but then again if it falls through Angus will effectively be over
So he has nothing to lose......
GL all, we need it.

Loz786 - it’s all about the financing - future share price- in my eyes always has been, exploitation licence should be a drawn out formality as Mongolia wanting to attract investors not send out bad messages - so how far this goes is all dependant on dilution and farm in partner.
Just glad we’re waiting for exploitation licence until we place, as raise in SP should help reduce effect of dilution.....unless he pulls a blinker with farm in partner so we don’t need a placing.....
Still
Hoping for end of April or May licence issue and i too am hoping for circa 10-12p....in MB I trust.

Matd’s Board of directors took a 50% pay cut whilst there exploration licence is being granted.....
Be nice of our board to do similar until we get first gas.......dangerous times for this share currently.

Not seen many AIM company execs do this either

§ All Executive Directors, Non-Executive Directors and other senior managers have agreed to take salary cuts averaging 50%, backdated to the start of Q2 2020.

§ The Company's professional advisers have also agreed to reduce fees by up to 45%.

14/06/18 - £50k worth bought by MB at 10p

Spainish, as I recall it’s a long time ago now he purchased around 250k at 12p range, your right I believe there’s prob various options and performance related ones too out there, but I do remember him putting his money where his mouth is few years back.
My overall point is that take PVR ex O’Reilly paying himself £500k a year, Angus directors giving themselves rises from 60k to 120k despite abysmal performance in last year, to name a few, I don’t think Matd board have behaved in this way.....and I honestly believe intentions are good and MB thinks being polite and patient best way to play Mongolian govt who we need onside......yes, it’s painfully slow, which is why I’ll judge MB on next stage.

Time will tell....... April/May IMO , my judgement of Mr Buck and his team will be made then,
At how set up he is to move this forward quickly, ie funding etc , not for something he is reliant
On Mongolian govt for.
As for Mike Buck buying shares and where he got money, at least he’s bought the shares as previously
Said many don’t even bother doing that.......patience (or lack of it from some lol) will be rewarded.