Member Info for StockMaiden

Imagine the rampers going onto Dragons Den to pitch their investment and when questions are asked:

Q What are the company's monthly running costs?

A I don't know

Q What is the forecasted revenue?

A I don't know?

Q What is the profit margin for each barrel of oil?

A I don't know

Q What are the costs to progress the other projects?

A I don't know

Q When will there be a firm confirmation on the Export Signature ?

A I don't know

Q When can we expect the H1 issue to be remedied?

A I don't know

Q What is the expected life span for Heron1?

A I don't know

Q What do you know?

A I know the share price will be 5p by June and 12p by December

Dragons all vote out!!!

DYOR

Anyone buying now could see their investment 50% down if a placing at 1p.

That means they would need 100% rise to break even.

DYOR

Nothing has ever materialized for the past 10 years.

Very odd that suddenly lots of plans are happening when they are about to run out of cash.

DYOR

Thornogson making contradicting comments again.

He admits he has traded the share for profits.

He goes on to say this share is the one because of "Mr Buck's calibre at the helm.'

If he genuinely believed the share would perform well then why has he sold and traded the share?

And by selling the share for profits, he had doubted the share which contradicts against his statement about trusting a man of calibre such as MB.

Again, an example of bull that comes out of these rampers.

2857mal, if you can't answer the questions, then just say you can't. ZZZZZ 😴

This the problem with this bulletin board, it's full of sheet. The rampers are pumping this share with deceit and misinformation.

They evade questions relating the company fundamentals, every time.

DYOR

All these new rampers coming onto this board thinking they are smart when they couldn't even answer some questions about the company.

Try coming back when they get shafted by MB.

Genuine LTHs have waited for 10 years and nothing ever happens.

It's just lame excuses one after another to delay progress and monetisation. Looking like the export signature will take a while, meaning it will be a legitimate excuse yet again for Buck to say they have been held back for bureaucracy processes, then he can go on to justify a fundraise.

DYOR

2857mal the clown finally admits he has invested based on guesswork.

Well, they sure spoke out of certainty for months and months like they know insider information.

All those thread titles like "first cash sale in FEB" or "Petro China JV" or "Mongolia the new Arab" are all bull.

What a POS him and his Liverpool mates are.

DYOR

You see Mr Jimithebrush, the CEO has been feeding the market bull for years.

It's always this or that excuse. Like you said, how hard is it to sort an electronic document in today's age and technology.

The buyer in China must have left to go find another buyer. It's not like Matad the only one with oil.

MATD only ever has been efficient when it comes to fund raising. I can assure you they won't take months and years for that.

DYOR

The rampers don't know FUD about the company, but the sprout nonsense about raking in millions and the SP being multiple of today's share price.

Baseless ramps.

Basically the rampers knows very little, if not f all about the company. They can't even answer fundamental questions about Matad.

- how much profit margin does Matad make for each barrel of oil?

- what is the royalty percentage to be paid to the Mongolian Government?

- what is the life span of Heron1?

- what will be the projected revenue for Heron1 at 200bopd or 821bopd?

- what is the exact costs for remedying Heron1

- what will the cost be if the company plan to drill H3 and H4?

-when will there be a firm confirmation for the export signature?

- how much funds are needed to develop the renewable energy project?

- what is a realistic time scale for the renewable energy project to move onto the commercial stage?

- what is the revenue potential for the renewable energy project?

- if there is a JV partnership, how much of the field is MB willing to farm-out?

- how much money is in the Matad bank?

- what are the monthly expenditure?

I can think of many more questions, but I doubt the rampers would be interested to know. They don't care. They are here to trade the stock.

As soon as they pump the share price to their target they will be gone. The ramping posts are baseless.

DYOR

None of the rampers were able to answer the questions.

Well that's odd. Without knowing the company details which correlate to the fundamentals, how can they be so sure that the SP will be 5p by June and 12p by December?

I thought the whole point of analysing the company were to make an educated guess on how the company would perform, this would then pave way to an informed decision making for the investment.

Without knowing key information such as projected revenue, company expenditures, life span of the well, operational timescales, and potential JV clauses, how can the rampers be so sure the SP will be multiple of where it is today ina few months time?

Rather than engaging in a constructive debate, more aggressive personal attacks. It just goes to show how unwise and uncivilised this board can get.

DYOR

Imagine the rampers going onto Dragons Den to pitch their investment and when questions are asked:

Q What are the company's monthly running costs?

A I don't know

Q What is the forecasted revenue?

A I don't know?

Q What is the profit margin for each barrel of oil?

A I don't know

Q What are the costs to progress the other projects?

A I don't know

Q When will there be a firm confirmation on the Export Signature ?

A I don't know

Q When can we expect the H1 issue to be remedied?

A I don't know

Q What is the expected life span for Heron1?

A I don't know

Q What do you know?

A I know the share price will be 5p by June and 12p by December

Dragons all vote out!!!

DYOR

Here we go again, so rather than trying to have a constructive conversation, you result to personal attacks.

Let me tell you why, it's because you don't have an answer. You haven't thought about the process, the forecasted revenues and the expenditures.

You are just blindly putting your faith in Matad because Buck sugarcoated their position at the AGM.

Sensible debate and logic are non-existent for the rampers, but they know the SP will reach 5p by June and 12p by December.

Hey, why not share your thoughts on the Euro millions winning numbers? I'm sure it's more profitable that way

DYOR

Look, we are all here trying to make a bit of money. We can't do that if we can't have a sensible approach and blindly putting our faith in the company. I say this with supporting evidence from the company's past discrepancies. I'm sure you all heard before but a quick summary:

- wildcat drills estimated to have 60-70% COS but turns out to be dusters

- Heron1 initially reported 821bopd turns out to be 200bopd

- Last year's fully funded statement turns out to be more funding via a placing

- A highly prospective Gobi turns out to be no sign of oil

- JV talks in final stages turns out to be no deal time after time.

Let's have a grown up conversation. If someone can list realistic revenue and match it against the company expenditures forecasted, we can then see if MATD will have enough money in the bank to meet their ambitions going forward.

All that I am hearing so far, is the rampers claiming H1 will be the saviour. Seems like a heavy burden of H1 alone don't you think?

I like to see someone add up the costs for:

- company running expenses

- bod and staff wages

- cost to remedy H1&H2

- cost to drill H3&H4 (as some have suggested)

- cost to further operate on Gobi

- cost for the export signature (has it been paid yet)

- cost for ay other licence

- cost for the Borzon listed as 1mil over 2 years and 14.9mil over 8 years

- costs expected for the renewable energy project

What is H1 expected revenue after deducting all royalty and exporting fees? Hmm, and can H1 maintain the flow rate without dropping off to meet future spending?

We want to see a sensible roadmap to generating revenue. Currently, the company has overcommitted without doubt and it will be interesting to see which project to prioritise and use their limited funds.

They need to play it right in the right sequence.

DYOR

OFF THE MARK

Has it ever occurred to anyone that everything MB had said has been off the mark.

- wildcat drills estimated to have 60-70% COS but turns out to be dusters

- Heron1 initially reported 821bopd turns out to be 200bopd

- Last year's fully funded statement turns out to be more funding via a placing

- A highly prospective Gobi turns out to be no sign of oil

- JV talks in final stages but no deal has ever been materialized

NOT A GOOD track record when it comes to estimates. MBs words carry very little weight. Either they are not being transparent or they are completely incompetent.

So when MB says fund raise will only required as a last resort, he will likely come back to say they have tried all other available options but left with the option of a placing.

DYOR

Thornogson says

"He's a cautious man " referring to the CEO.

Is he?

If he was a cautious man, then he wouldn't have made so many poor decisions over the years.

So cautious yet a drill rig on loan were left idling on site, eating away funds, because of missing paper work?

So cautious that MB decided to gamble on Gobi?

So cautious that MB had been over committing on projects when they don't have the funds? And now they are left with no choice but to postpone 2025 because they lack funds?

So cautious that Matad needs Heron to come in with spectacular results but the well remains unrectified and the export signature not granted?

So cautious that JV talks has been ongoing for 10 years and no deal?

What a load of bull Thornogson.

DYOR

"Stock, MB is more trust worthy than you."

TBT, it wasn't me who advised the market fully funded, and then proceeded with a placing 3 weeks later was it?

The worse part didn't end there. The unethical placing funds were then wasted on wildcat Gobi, and the result were no sign of oil.

DYOR

I think people should grow up and act more mature. Facts are being posted about the company history and until MB proves a success case, the company to-date is yet to succeed.

They have neither delivered revenue, or issue free producing well, or a joint partnership. These are facts.

More facts:

- Matad have spent 10 years + in Mongolia

- Funding totalling £174million or thereabouts

- To this date the revenue is £0

- A history of failed wild cat drills

- Heron1 initially reported 821bopd but now been choked back to 200bopd. Issues yet to be remedied

- Export signature still not signed. This means Matad cannot sell their oil

- Matad still heavily relying on Petro China's storage facility

- JV talks has been ongoing for 10 years but no deal struck

- Last year the CEO said fully funded but raised via a placing 3 weeks later. The funds were used on Gobi, and as witnessed Gobi initial result had no oil show

Anyone new here should know before deciding if they want to invest.

Heron1 could be remedied, but the issue could persist combined with the export signature hurdle.

It seems the future of Matad will heavily depend on the delivery of Heron1, before any JV potentials, in my honest opinion.

Looking at the company cash position, they have approx £3million in the bank. I can't say for exact but remember someone posting the monthly cash burn was near £300K? I sure someone will correct me if I'm wrong.

Overall, if new investors want to bet on Heron1 to deliver, then go for it, but do understand the risks.

Finally, talks of JVs and soft loans are speculation. However, thinking from a logical standpoint, Matad will need the funds whatever they decide to do. Refer to the recent bidding of the Borzon Block, the current plan to remedy Heron, and the Renewable Energy project. Nothing is free.

Perhaps a placing is on the cards as MB did admit that will be a last resort, but it's not like they have any other financing options?

DYOR

The CEOs answer in regards to placings;

"We're always on the lookout for non-dilutive means. The increase in this provision reflects the fact that in previous raises, we have done where we have always tried to make the offer open to existing retail shareholders. We found more support than the amount of shares we've been able to offer. This increase attempts to address that for the future, but only if required."

MB is saying what he has been all these years. I have heard it so many times. Basically, MB is saying a placing is the last resort and they will try to avoid one if possible.

However, if you look at the company's history, 90% of the time result in a placing.

If you had been a genuine long-term holder like me, then you will know the only two times there wasn't a placing, were:

1) the Bergen deal

2) the Petrovis loan

I don't think Matad will get a Petrovis loan again because there are limitations and draw down requirements.

I also think there wouldn't be another Bergen type loan. It's is disastrous for shareholders. If you don't know what is the Bergen deal then please do some research. I'm not here teaching people how to suck eggs.

I think if Heron delivers outstanding results then perhaps it could open new doors for funding. Do note they still have hurdles to get through. Eg: export signature for them to legally sell oil.

But as things currently stand, a placing is looking likely further down the line.

Again, if anyone wants to bet on Heron1 before any concrete results, then go for it, but know the risks.

For me, MB is not trustworthy due to his past performances and dishonesty.

DYOR

"We're effectively 'gambling' that this company won't go bust and in the fullness of time will make millions and millions of dollars of profit from oil and renewables."

Well said Thornogson. At least say it as it is. No bull, just fact, and to the point.

And for that, I hope it pays off for you.