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Wos is the biggest fool, talking about Matad special dividends when the company has just made huge financial commitments on a new block. Matad needs heavy funding, £14.9million over the next 8 years.

Wos lashes out at anyone who speaks facts about Matad.

What a total clown.

It's no secret Matad is short on cash.

They have approx £2million in the bank which is not enough to cover for the future operational costs.

Oil sold from H1 would not immediately resolve the funds shortage problem.

MB will go for a raise in my honest opinion. This is the sort of stuff he does. Telling the market one thing and then doing another.

We shall see.

Who cares...

I'm not really that bothered whether a nobody posts or not.

I was just stating a fact that he posts out of grievance rather than discussing about the company. That's unwiseowl for you.

Unwiseowl certainly takes joy following me around and posting on the shares I follow.

Or perhaps he is jealous of Sym as people are about to make money there, while Matad gets left behind.

Whatever the case, his hopes for the Matad special dividend will not come for the reasons I have stated in my earlier post.

Unwiseowl is a ramper looking for his exit

All in my opinion and DYOR

All eyes will be on SYM next week. Someone was willing to pay 6X the share price.

I don't see anyone would pay Matad double the share price for their shares.

All in my opinion and DYOR

Indeed, we should all focus on the FACTS.

Facts are Heron1 is still in a state that needs remedial work.

Fact is that nobody knows what the final flow rate will be or how much it costs to remedy the wells.

Fact is that no one can guarantee the final flow rate will be higher than 200bopd or that the well can be fixed at all.

Fact is that MB original quoted a cheap simple fix, but then in the later RNS referred the situation as alternative modifications may be required.

Fact is that the language has changed since. From what appeared to be confidence and certainty to more work required and uncertainty.

Fact is that Matad needs H1 to come in or else all other plans will fall apart because the forecasted revenue will play a major role in future operations

Fact is that JV is not guaranteed either

All in my opinion and DYOR

The art of a salesman!

MB himself said at the AGM he is an optimists.

Another word for that is a gambler. As seen over the years none of the wildcat drills have been successful.

The art of it all, is that even if 95% COS have been quoted, then they can always say it has landed on the unlucky 5% chance of failure.

I'm not sure on what level of standards does mb deserves to be trusted again, based on his poor track record.

All in my opinion and DYOR

Stop dreaming about the special dividends.

MB had no choice but to respond to the question at the AGM. When asked, he clearly stated that a special dividend will only be considered if there is a JV and if the balance sheet supports it.

We all know Matad will require a lot of funds, and I mean a lot, £14.9million for starters for Borzon.

There will be absolutely no chance of a special dividend.

In my honest opinion.

KevinRound listen to the AGM. The answer is there

I see Unwiseowl have posted on the sym bulletin board in what suppose to be a "revenge post."

Laughable really. Once again unwiseowl have demonstrated and shown the world he results to personal attacks out of vengeance rather than constructive debates about the company.

Everyone is about to make money there at Sym.

Matad shareholders can continue waiting. MB himself said 2025 will be a quiet year.

All in my opinion and DYOR

People can filter and live in denial all they want, but facts are facts, Matad has not made a penny of revenue.

To those that are saying things are about to change, not true. The company forecasted revenue cannot cover for the operational costs no matter how you do the calculation.

That means any potential revenue cannot be retained. It will go towards projects with heavy financial commitments, such as Borzon and Sunsteppe, and possibly Heron and even Gazelle and Gobi.

Matad is far from becoming a cash generating and profitable company. Hard fact.

All in my opinion and DYOR

CEO's reputation in doubt!

The fascinating thing about reputation, it's not something you self proclaim, it is how people view you, based on your actions.

The results speaks for itself, 10 years plus and £174millions spent, to-date not a penny of revenue. A declining SP over the years where all the long-term shareholders have lost money.

Some people would view MB as incompetent, others would view him as a slimy salesman, but certainly not many would view him as a prudent CEO. Until profits are made then this is an undeniable fact.

All in my opinion and DYOR

Why else would an II invest £2.5m in SYM at 20p - around six times greater than the sp at the time.

A vote of confidence perhaps. This alone is worth a punt.

Don't see anyone would invest in Matad greater than the current SP

All in my opinion and DYOR

Why else would an II invest £2.5m at 20p - around six times greater than the sp at the time.

A vote of confidence perhaps. This alone is worth a punt?

DYOR

Sym 20p buyer of £2.5million. Sym has more chance going to 20p and beyond than Matad ever reaching 20p, let alone 50p

All in my opinion and DYOR

It's not all negatives!!!!

Just for a bit of balance, I'd thought I make something positive out of all the negatives around this company. Read on.

The reality is that MB and Co has had 10 years plus and £174million of funds and they couldn't make much out of it.

Those that are shouting 50p targets are nothing but noise. Regarding the JV there won't be one, MB says it every year, it's a sales tactic.

All of the long term holders have lost money here. They are sick of hearing the same tosh from MB. There is one thing I have learnt paying this expensive lesson.

That is knowing how the world works. It's not about studying or working hard, or even what profession or benefits you bring to the society.

I mean, just look at our example Mr Mike Buck, raking in hundreds of thousands of salary and bonuses for 10 years without delivering anything. No shareholder value created. Remember to tell your kids to become a CEO, the potential to rake in millions without performance.

What an eye opener aye. Matad will need to make back £174million at least before they can call it a profit, but we have some fools calling a special dividend this year. Absolute garbage.

We all know Borzon would take another 8 years at least. With H1 lagging behind and no guarantee that the initial flow rate will be restored, this is indeed a make or break situation.

It looks like MB will take his bad reputation to the grave. I mean, how many years does he still have to correct this, I don't think many going by his age. Matad will go into the history book for £174million spent and never making a penny profit.

All iny opinion and DYOR

Let's be honest, if anyone would have a couple of grand right now to either put into Matad or Sym, I think it's an easy choice to bet on Sym with their recent news.

An investor have invested 2.5million money in Sym at 20p when the share price was 3p. A vote of confidence right there. Can't see that EVER happen here.

Matad will need a massive placing as they have made huge financial commitments when they don't even have the money. £14.9million required over the next 8 years for Borzon alone.

All in my opinion and DYOR

⚠️ No shareholder value, never has been ⚠️

Genuine holders should demand a full investigation into Matad.

1) £174million spent over the years and not a penny of revenue achieved. The accounts should be audited to see if they match up with the operational costs as claimed.

2) There has been numerous operational delays when the CEO have promoted "exclusivity and support" from the Mongolian Government.

Yet, in over 10 years investors are still waiting for first sale with no guarantee in sight.

The lack of transparency on the issues involved could be a strong case of market misconduct as MATD have constantly reassured investors and promoted the good connections with the Mongolian Government.

In reality, it is the complete opposite and investors were mislead into investing into the false prospect of the company.

Points for reference:

-All of the wild cat drills were off the mark despite investors being advised on 60-70% chance of success.

-5 years to obtain the land permit despite good connections with the Mongolian Government

-Payout to the local environmental protestors for land access were another company mismanagement which has impacted shareholders

-6 months for the export signature

-In what appears to be an over commitment / shift of focus from Heron to Borzon. Investors original bought into the strategy of steadily expanding on the portfolio and becoming a self-funded company.

However, with Matad without even bringing Heron onto production, the CEO is already committing to a new block.

This does not go in line with the initial strategy of becoming a self sufficiently funded company. Matad just don't have the funds to be committing to multiple projects.

Intentionally or not, it has been a complete shambles for Matad and all the long term holders have lost money. The outlook is grim and trust is gone. Issues and uncertainties remains around the company's forecasted oil production and revenue. The strategy is poor and Matad have lost sight of the focus. They are over committing despite continued failure to bring on a revenue stream.

Meanwhile, they are hanging onto the approx £2million in the bank.

It's evident that there were never any shareholder value. The company's intent were never about that. It's more about the BODs keeping their own pay cheques and shareholders will be further diluted each year.

All in my opinion and DYOR

No 50p for Matad I'm afraid, but perhaps 0.5p whe people realise it's all a hype.

Matad need 10s of millions to finance themselves. H1 can't fail but it will in my opinion. Can't see H1 producing 821bopd again, not even close.

All in my opinion and DYOR

All eyes are on Symphony Environmental right now where's money to be made.

Matad? Forget it

All in my opinion and DYOR