Member Info for SirBob

Hope you feel better after your little outburst Manro,, shame as normal you can’t participate without insulting and name calling.
I’ve about 25k in Matd and sit reasonably happy, there’s been no mass regular dilution like Angus, UKOG and numerous other
‘Lifestyle’ AIM companies.
We have a CEO who’s invested 250k in the company, again rare on AiM for them to put money where there mouth is.
Also a board of directors who obviously know how to play a highly volatile Mongolian government.....presumably by not shouting and calling them names.......so glad it’s them and not you Manro.

Kind of my point to desperation of board trying to suddenly say it’s a top asset, who would farm into Lidsey!
Who really would lend to us ?
Geothermal - chasing rainbows
And with no news on finance again today, ‘imminent’ carry’s on.......

Can’t help thinking that Lidsey’s ‘resurrection’ is one last grab at keeping there income generation company going.......
As a naive farm in partner negates need for funds and keeps salaries coming in for that bit longer......
Saltfleetby dead with no funding but why are we all so worried when we are being told by board it is ‘imminent’!.....lol

This is the one word that stood out to me from annual report.
Finance deal is imminent - a very strong word to use .
I’m with you Yanis, already 5k down, 2.6p break even , might as well
Stay in in case Rabbit is in hat , and if annual report is to believed (mmmm...)
We’ll find out imminently - which to me means very very soon.

MB stated at a presentation just after oil strike, that there would be some dilution, but did state he hoped it would be only a small one......but that was some time ago now, as we are all painfully aware....

Nearest to me is - A - except 35% chance and on a lot worse terms than already announced..
Probably be another pay rise for GL afterwards!

Compared to many AIM leaders out there , we are in good hands with Mike Buck,
He has put his money where his mouth is with £250k of shares purchased as
I recall, appears to be looking after share holders by limiting dilution and has cut costs to avoid a placing at these levels,
Anyone whose been in RRL, RMP, Angus, to name a few knows how these were treated as lifestyle companies for themselves,
Something I don’t believe MB is doing......he’s just trying to get this through in an already difficult political environment plus COViD, plus elections ......but the end hopefully is finally in sight....(although the Mongolians have taken ages lol)

Point is Horsers, it’s nice to see that the meetings occurred as mentioned in RNS,
(In Angus and there RNS’s never come to fruition lol, not to mention numerous other AIM companies), so progress......
Really hoping we may actually get this licence by end April....
I’m hoping MB is awaiting an increase in SP on licence issue before raising any funds and
Announcing farm In partner, which you’d hope he has all ready to go .....

Hopefully for this bit of process - nearly there!

Plan of Development: The expert auditor committee of the Ministry of Mining and Heavy Industry (MMHI) was constituted in January 2021 and has now completed its review of the Plan of Development. The recommendations made are being incorporated into the plan in advance of its submission to MRPC. In parallel, industry regulator the Mineral Resources and Petroleum Authority of Mongolia (MRPAM) agreed to do its own required and independent review of the Plan of Development simultaneous with the MMHI auditors' review. MRPAM has advised that its review is complete and we are waiting to be called to a meeting of the MRPAM Technical Committee to receive its recommendations. Petro Matad is ready for the meeting and has asked MRPAM to convene the Technical Committee as soon as possible. Once the discussions with MRPAM are complete the MRPC will be asked to convene to review and approve the Plan of Development.

Exploitation Area: The Company has submitted its formal application to MRPAM for the Exploitation Area and we are urging MRPAM to add discussion and agreement of the Exploitation Area to the agenda of the Technical Committee meeting that will review and conclude on the Plan of Development. Under the law, the Exploitation Area is to be determined by mutual agreement between MRPAM and the Company.

Formal application for Exploitation Licence: The MRPC approval and ministerial sign off on the Plan of Development and MRPAM's agreement to the Exploitation Area are the final two steps in the Mongolian government's Exploitation Licence application process. As soon as we have the outstanding documentation in hand it will be submitted to the Minister of Mining and Heavy Industry along with the approval of the reserves and the already approved Detailed Environmental Impact Assessment for the Heron Field development and we will formally request the Minister to grant the Block XX Exploitation Licence.

I’ve asked the question ref pay rises on Angus investor questions website, be interesting to see if they post them
Or even respond......I suspect I know the answer.

Since the news, but little Impact on Sp..

Me neither Yanis, but none the less one of investor questions submitted by someone....
Sometimes if your new to IG they do put ‘limits’ on what you can and can’t do, so maybe it was that.
Or maybe they were just doing the bloke. a Favour by declining long bet ......lol
Good luck to all Angus holder.....let’s hope we don’t see GL on the new tv show ‘posh Pawn’ this week, raising money
For SB with his Rolext.....

I note in an investor question someone says they can’t spread bet on Angus with IG and when asked IG they said it was ‘too Risky’.
Interestingly i have a £3k a point spread bet on with Angus (which I’m obviously down on, did think I may be able to get out at 2.5p break even, but no longer believe this).
For IG to say it’s too risky is strange as Angus wasn’t included in the 950 small caps they stopped dealing on the other week, indeed Matd and PVR with a much greater market cap were. It is probably due to Angus’s market cap being below £10m which is reason I’ve been given by IG before (think they were above it when I placed my ‘misjudged’ bet.......Angus said they were going to speak to IG as to why .......clearly not liking IG’s response to the investor......although I’m now much in agreement with IG in there alleged response.....lol

Well all good then, we’ll all make a mint off our shares and live happily ever after!
Not like the board has ever lied before and is not 100% trustworthy lol......

Personally I think GL is a desperate man, 50/50 whether we get this loan, but if we do I think it will be on a lot worse rates than already mentioned.
Final legalities in Jan 25th RNS to letters of interest in next , 12-20m of Loans to a
Company with under a £10m market cap, never having delivered on anything.
I think most are only still in as not much left to lose in desperate hope he does manage to pull something off for once.
Most just cling to TR1 holder knowing something......but I’ve seen many an AIM investor shafted for much more than them.
Time will tell.....but he’s running out of cards to play....

Hugely into Matd. Mines the buy at 3.07.
So hoping Mike Buck will place after EL to avoid diluting at these levels, although it will be pushing it close to wire as EL unlikely to come before end April Or thereabouts.
You’d hope Matd ready to fly with funding plan on place , farm in partner possibly ready to go ASAP and a small dilution as he indicated to many months ago now.
This is what you’d hope he’s been doing during this down time.
Quicker the action the speedier SP rise. I’m hoping for 12p by end q2......it won’t be as big as some state on here as never is!

I have . I don’t mind people putting balanced questions against a share, but one who ihas under 40 posts, everyone of them on Lansdown or PVR and just pure deramping and mocking other posters is not worth the time of day.....the attentions he’s gained in last few posts probably just what he wants.
Filter - end of.

I think your falling for GL’s sales skill there, he has letters of interest, nothing legally binding.
Let’s not also forget that at end of Jan we were 2-3 weeks off procedural legal docs to finalise loan,
So letters of interest or how ever he phrases it a clear step back from position he claimed end of Jan.
In my view George is trying to make everything look normal, ordering machinery, planning new projects so all
Looks good going forward, when long and short of it is he is trying to get a £12m loan on an item that cost us a £1 and if he doesn’t manage it, there will be no Angus as back up plans are non existent. That’s the reality.
Let’s see if he finally delivers on something.

All that matters is funding.....which he stated he hoped to have completed in March....
So let’s give the guy this short period of time to see if he delivers.......
Nothing more to lose really.....clock is ticking ....

Like Croqman says it’s not hard to rip back out of Angus, but like most here might as well see it through now one way or another.......I think this weeks presentation was all about trying to boost share price or at very least stop it falling heavily,
But it’s mere pipe dreams, we could all write great business dreams but we don’t bother as we don’t have the millions to fulfill them......my final thought like others is.....GL for gods sake just focus on gas production to get us an income and forget the rest for now until we have an income and us long suffering shareholders don’t face more and more UKOG style dilution.