Member Info for StockMaiden

"Does anyone know the cost that is likely to be charged for storing the oil?"

Nope but since Matad is cashless, they probably end up having to pay with the oil they are storing at the Petro Matad facility. In another words, giving the oil away.

This could explain why MB said "if they get paid" in response to stored oil at the AGM.

Shambles

All in my opinion and DYOR

No Friday RNS - Rampers are wrong again and again

Still no e-signature

Another day of cash burn

Placing coming in my honest opinion

"signing of the agreement seems to be taking an inordinate length of time"

At least TonyBaby speaks facts about the company, unlike Hamm who is also a holder but constantly sprouting rubbish.

Indeed, gold mines can value anywhere between £20 million to £100 million market cap depending on the size of mine, grade of gold, how easy to mine and type of JV deals.

To put into perspective:

A £10 million market cap would be 0.1p

A £50 million market cap would be 0.5p

A £100 million market cap would be 1p

GGP's market cap is £1.71b as of today.

Don't forget Oracle has other projects too and that's why it's difficult to estimate the true value of the stock.

DYOR

The market cap should be closer to £5million for what they have imho

DYOR

A market cap of £24million is overvalued

A quick summary of the facts:

* No e-signature

* No funds (2 million or thereabouts in the Matad bank for company running costs)

* H1 barely delivering 200bopd and with issue

* H2 suspended

* Gobi no oil show

* Matad had 10 years plus and £174million of funding

* No JV deal despite ongoing conversations over the years

* The CEO signed up for new Borzon Block with a financial commitment of £14.9million over 8 years

Too many problems, little cash, and an incompetent board imho.

DYOR

THURSDAY: NO RNS AS ANTICIPATED BY THE RAMPERS!!!

We are fast approaching May and there is no update on the news front. No addressing of the H1/H2 issues, no e-signature, and no JV agreement.

Let's keep it real. Nothing has ever been achieved and to-date not a penny of revenue.

The market has lost confidence in Matad and rightly so.

It's time for Buck to deliver, no more talks, actions!

No good saying they WILL do instead of reporting to the market they HAVE done.

What's holding them back?

10 years not enough time for them to sort themselves out?

£174 million isn't enough to get one producing well onto production?

This company operates on new hopes and raises, but nothing ever materializes like the JV talks that has been ongoing for 10 years

Cash is low in the Matad bank, they will require funding and a placing is most likely.

The long term holders have all lost money here. Gone are the days people invest based on words and trust, we want results.

If MB is that incompetent, then perhaps he should find a job at the local corner shop selling chewing gums instead.

DYOR

RINSE & REPEAT - RINSE & REPEAT!

There will forever be ongoing talks but never a deal. Just like the repeat fund raises but never the delivery of an revenue stream.

Now there seems to be an unresolvable issue with the e-signature.

Even a monk would have lost patience with Matad.

DYOR

"Mike Buck loves a Thursday RNS"

For one, how many Thursdays had past without an RNS. Two, it doesn't matter if there are no progress and the SP drifts.

Each passing day it's a cash burn.

This was always the case and had been for the last 10 years.

DYOR

How is it unfounded for the reasons I have listed?

£174million wasted is unfounded?

10 years of operating in Mongolia with little result is unfounded?

5 years for the land permit is unfounded?

6 months for the e-signature and still waiting is unfounded?

Heron issues is unfounded?

Are those facts or not?

Can you differentiate facts and fiction?

I guess not

DYOR

I might just be spot on with the delay of the e-signature.

I have always expressed my dissatisfaction with the Matad board with their past of not being transparent with shareholders.

I have stated they might have downplayed the issues with Heron.

How else would you explain the long delays when supposedly Matad have "exclusivity and support" from the Mongolian Government.

This is the biggest lie from the company which they have promoted from day one of listing.

5 years to get a land permit.

Locals environmentalists are allowed to protest to disrupt the company's operations.

6 months and still counting for an e-signature

DYOR

We, the genuine long-term holders have told you 1000 times already that the majority of us are not satisfied with MB running the company.

You and the rest of your ramping crew are only here to make your quick 10%, or what you'd initially thought it to be an easy profit.

You are now trapped in this share and feel the need to post misleading fictional headlines to artificially pump the price for a exit.

Welcome to this sheet show

DYOR

Petro Matad is actually paying to store this oil.

Not only that but I don't recall there being any confirmation of formal agreements in place.

This would potentially allow room for disputes.

What we do know is at the AGM MB responded with "IF WE GET PAID" in response to an revenue question from the oil inventory.

I don't know how people will interpret that but it certainly opens for debate.

DYOR

It seems a few on here are unaware of the bigger issues with Matad.

Still no update on the e-signature. This is a bureaucratic issue that even money cannot resolve.

It's probably the reason the Heron field couldn't be developed as initially thought. Hence, MB had to find an alternative, namely the Borzon Block.

However, that's not to say Matad wouldn't require a placing. I would be concerned with Matad's lack of progress combined with their technical and bureaucracy problems.

It has been 6 months since there has been an update on the e-signature. How can something as important as that be taking so long. It certainly doesn't bode well and the silence is deafening.

All in my opinion and DYOR

I can't imagine what would happen if:

A) e-signature not granted

B) H1 issues cannot be remedied

C) H1 200bopd does not improve or worse drop

These are serious risks in my honest opinion

DYOR

The next update will probably be the typical Matad response: "we continue to push for the e-signature..."

Company FAR from REVENUE in anything - which translate to CONSTANT DILUTION while they get REGULAR SALARY and DECREASING SHAREHOLDER VALIE!

With such an incompetent board, Disaster as Investment vehicle - Great as Lifestyle Company

All in my opinion and DYOR

A quick summary of the facts:

* No e-signature

* No funds (2 million or thereabouts in the Matad bank for company running costs)

* H1 barely delivering 200bopd and with issue

* H2 suspended

* Gobi no oil show

* Matad had 10 years plus and £174million of funding

* No JV deal despite ongoing conversations over the years

* The CEO signed up for new Borzon Block with a financial commitment of £14.9million over 8 years

I can't imagine what would happen if:

A) e-signature not granted

B) H1 issues cannot be remedied

C) H1 200bopd does not improve or worse drop

There are serious risks in my honest opinion

DYOR

I think there is no investment case with Matad if they couldn't even resolve an e-signature to enable them to export the oil.

10 years plus and £174 million spent.

What have these guys done exactly...

A lifestyle company comes to mind.

Where is the Mongolian Government support that the directors have bragged about..

Got to be embarrassed they haven't made a single penny when they had all the time on the world, along with £174million of funding over the years.

Still....they are broke with only £2million or thereabouts in the Matad bank

All in my opinion and DYOR

Proque says:

"There's literally no investment case there"

Perhaps if you did your research and read the Oracle Power Potential with Gold Surging:

https://www.share-talk.com/undervalued-advancing-tym-wsbn-orcp-ufo-pxc-5-junior-miners-with-big-potential/

Oracle is at 26mins: share is undervalued (not my words it's from the video)

https://youtu.be/FZetUjLMoIA

DYOR

We are fast approaching May and there is no update on the news front. No addressing of the H1/H2 issues, no e-signature, and no JV agreement.

Looks like the rampers will get a humming soon but with a B.

Let's keep it real. Nothing has ever been achieved and to-date not a penny of revenue.

The market has lost confidence in Matad and rightly so.

It's time for Buck to deliver, no more talks, actions!

No good saying they WILL do instead of reporting to the market they HAVE done.

What's holding them back?

10 years not enough time for them to sort themselves out?

£174 million isn't enough to get one producing well onto production?

This company operates on new hopes and raises, but nothing ever materializes like the JV talks that has been ongoing for 10 years

Cash is low in the Matad bank, they will require funding and a placing is most likely.

The long term holders have all lost money here. Gone are the days people invest based on words and trust, we want results.

If MB is that incompetent, then perhaps he should find a job at the local corner shop selling chewing gums instead.

DYOR