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Who suggested a letter to the Prime Minister Persistent ??
You change the name of your threads so often I can’t keep up with you.
Your not that smart, but keep gazing into the internet and one day you may come up with a fact that is actually useful.
Keep pumping my friend. Persistent for sure, consistently clueless.
And the point you continue to miss is, I don’t believe the content of the RNS.
There are reasons other than reported continuing to put the brakes on this. It’s that information that continues to fail to be shared. That is misleading.
As I have told you, you stick to your views I will stick to mine. I have stated what action I will take. If no wrong doing has occurred no one has anything to be worried about.
As previous if you can support your logic other than through the content of the RNS I am happy to listen. I have shared several aspects relating to Mongolia with you going back ten years. You fail to listen, fail to understand these, fail to recognize the players, and fail to understand how business is done in country.
I could educate you but am far to busy on other matters.
Gents there is nothing silly or childish about securities fraud.
Enough is enough
Having a conversation with you two is like speaking to Stevie Wonder and Ray Charles. You are simply blind to the facts.
I wish you two well but I am up to my back teeth with Matad’s inability to be honest.
And hence Persistent you have said the first thing in months that makes sense.
Hardly a rational course of action.
I am not so touchy about what is rational or not rational because at times emerging markets are hardly rational or make sense.
What however does make my blood boil is weak governance, poor compliance and zero transparency.
Matad have until the 1st March to structure a truthful RNS or I will be the first Matad shareholder making a disclosure to both the SFO and the FCA. This may not be Unaoil, or the same scale but I will not tolerate being misled or a board committing wrong doing.
All in my humble opinion of course.
My response being are you familiar with the UDP (Dubai Agreement) or the IA (Investment Agreement) and GoMs current position on either abolishing or renegotiating these ??
These are worth multi billion dollars and involve some of the biggest investors and over a dozen global banks.
What makes you think a small insignificant agreement with Matad cannot be either rescinded or completely renegotiated ??
I don’t think another Sovereign government will wish to become involved. Therefore I fail to understand your argument as there is already a clear precedent in place Mongolia will review agreements if they do wish too.
I believe this would be a great opportunity for the BoD to make a clear statement that there have been no compliance or governance issues related to obtaining the EL, and to give an indication around when they expect to receive the EL.
At the moment, the how long is a piece of string strategy is wearing thin, and misleading. If there is a problem shareholders legally have a right to be informed.
Over to the Matad board.
This is a question for Mike.
In any frontier economy there are differences of opinions. This is simply because policies are not developed adequately to allow process to flow.
In this case I believe a realignment in terms of stakeholder balance would support a timely outcome. However this may come down to two or three people negotiating an outcome acceptable to all.
Until that happens this will prove to be a struggle I believe.
Hamm you are talking sense.
However I don’t believe this is the Mongolian government or MRPAM being slow or obstructive. I believe this may come down to a conflict between Petrovis and the President of Mongolia. There is significant history between the parties going back many years. Only recently our chair ladies father was put in prison for alleged offensives.
I therefore believe Matad to be in a difficult situation. The BoD has probably done all they can. They are probably as frustrated as much as any investor here. However my belief is the BoD will know exactly why the EL has taken so long and it’s not because Matad have not followed due process and procedures.
What Matad has to do is come clean. The BoD will know the exact reasons why the EL continues to be with held. My view is the BoD is misleading shareholders, and that amounts to wrong doing. Ultimately if investigated that is securities fraud, which if investigated by either the SFO or the FCA may lead to further action.
It’s time for the board to come clean. It’s time for some further reasons to be presented to Matad shareholders or else I believe the UK regulators become involved. This is a UK listed company which should meet international compliance and governance standards.
Chill my friend,
I have simply asked you to explain why you are so behind the current Matad strategy. You have had three opportunities to present what you believe and yet again you avoid the question.
All I am asking is if you want to take pops at Manroe and others, before biggin yourself up at least share some thoughts to allow the board to understand your logic.
Stop being so defensive buddy, all is good.
No teaching required buddy.
If you and Persistent want to bully Manroe but when asked to explain the Matad strategy evade the question, I am simply asking who is more credible.
At the present Manroe and his opinions certainly appear more credible.
Over to you to explain why not ??
I think if you and Persistent believe in the current Matad strategy Ojay which has failed miserably, and believe Manroe to be off point with his own thinking, I know who currently looks the more credible??
I trust you agree.
Interesting comment,
My question is do you? If you do and you understand everything Mongolia the chances are I will know you.
If not then like most you will be a desk top internet jockey who is an expert on everything but a master of nothing.
Manroe is fairly entitled to his opinion like everyone on this board.