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Share price came down quicker than a cheap Amsterdam hookers draws in the last few days.
It’s not a rocket science situation to understand why.
I am not expecting any JV news until next year which will co-inside with next years drilling season.
10-12 months of inactivity and more patience required.
Nothing new with Matad !!
On the upside the clueless rampers have disappeared. On the downside a farm in could be 8-12 months away.
Unlikely to see significant gains this year but 2022 would appear promising.
If you have been in this stock 10 years what’s another year to wait.
The easiest way to alleviate conspiracy theories is to provide your shareholders a compliant update which would also demonstrate good governance on the part of the board.
Just state what is being stated to you and share that information. If there is a delay there’s a delay.
Persistent.
You state in writing, “Matad will get the EL in the near future”.
You have stated that clearly in writing.
How do you know this ?? Unless you know something and have inside information which would be illegal, you simply do not know.
Further more, and I will assume you don’t know, this then means you are making misleading statements, which if you had ever worked as a board member of an Executive team would mean you are committing wrong doing.
I would go steady with what you say as your account may also come under security for your continued ramping and misleading statements.
And before you ask I do understand the law incredibly clearly on matters relating to corporate wrong doing.
Ojay.
I made my enquiries in Mongolia through relationships in government. I was told the exact issues.
They are not GoM related. They appear to be all Matad related. You cannot manage a business in an emerging country remotely would be my advise.
Dozzawba.
This is exactly what will happen.
The company will continue with exactly the same narrative, will kick the can down the road, will mislead investors, will not change behaviors until the very last moment prior to needing too.
No matter what you ask, suggest or present as evidence will the company admit wrong doing has occurred. Until the very last moment the company can save its own ass, or do a deal to admit no liability will the narrative change.
Seen it many times before.
Ojay,
Why would you want to continue to invest in the most un-investable stock on AIM to improve your position ??
Let me guess ?? The EL is coming soon ??
Love to hear your thoughts on your statement.
Cheers.
At the moment it’s the reality.
If Matad wish to contest that and update the market and investors accordingly, we are stuck in a vortex until our CEO tells us differently.
As for the rampers, they do add a little bit of sunshine to my day.
You believe GoM prioritized issues ?? When did you last speak to a GoM official or is this another assumption ?? Please elaborate ??
Read the post again as you appear clueless. I never accused GoM. Please read the post as there is a huge difference. Different people, different parties. Get your facts again straight.
I am probably one of the most informed in terms of foreign direct investment on this board into Mongolia as GoM often consult me on the matter.
As I have told you stick to the facts. It’s very clear your a paid Matad poster which is a sad position to be in.
Raise an eyebrow but these are the facts.
And Covid is certainly NOT the issue, as the Mongolians have told me this directly. It’s a constant lack of detail required from Matad that is the blocker.
Stick to the FACTS buddy !!
Petrodollar,
I recently put a post together that asked several key questions. Please feel free to debate them as I would very much like to hear your thoughts.
I find with emerging markets and projects within them there is no space for emotion, just facts. The fact is we are in a hole, have been for over a year, and I still see nothing from Matad that tells me they have any of the answers.
You on the other hand everyday seem to be intent on ramping the EL is coming. Christmas is coming and I know when that will arrive. The fact is I did more research in Mongolia over the last few weeks through people I know and trust, both Mongolians and expats, and they don’t believe an EL is close as there’s a shed of work to do on Matads part.
I will happily listen to you and engage, but please stop ramping. If you wish to go into print that an EL is close, at least back that up with fact.
Many thanks.
Petrodollar.
Your like a broken record.
You are like a ramper on acid. Can you stop writing the same repetitive rubbish day in day out.
It’s bordering on embarrassing!!!
If you have something to write that has substance and fact, no worries. But you are writing remarks you know nothing about.
STOP the continuous ramping, it’s becoming boring.
Thanks Dozzawba.
The response does not answer any of the questions unfortunately. It strategically deflects the questions in the hope someone who does not understand the process will go away quietly.
If a phased development plan has been submitted we are at least a year away from some form of production as several key deliverables still need to be executed.
All I am asking for is when will those deliverables be executed and what does that do in terms of required cash flow.
August 2020 is a long time ago, and mid 2021 is rapidly approaching.
I am still none the wiser as to Matads true position and that’s what I am asking.
Manro does have a valid point I believe Sirbob.
It is common for senior executives to receive shares as part of their executive package, through LTIP. Therefore the shares the CEO will have acquired will probably not have been purchased but been awarded.
LTIP in my experience is usually awarded based upon performance, which several investors believe has not been delivered in the last 12 months.