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Now now...

12p is just an insane and unrealistic prediction

And the new Borzon Block won't be seeing any revenue stream in the next 8 years?

But there is a £14.7 million commitment to do the works?

So you are telling me there will be a near 200% rise when the company doesn't have the money to move forward in their operations?

Let alone they still have the H1/H2 issues to cover?

And the export license uncertainty looming?

A massive raise is coming and Mr CEO won't hesitate to raise at this level.

The company is here to find commercial oil or not?

Why are you guys keeping mentioning the pull out deal on first 2 years as if it's in line with Matad's objectives?

Little difference it makes when MATD don't have any money or producing wells that can cover the expenses forecasted

£14.7 million

Not £147

How delusional our CEO thinks raising that much is a good idea. Its almost like it's their last attempt to get anything from the market before the company goes under.

Imagine walking into a supermarket, you see a product that is lovely packaged, the salesman over the counter tells you it's good stuff.

You end up buying the product and it's entirely faulty, different to the package, then you take it back to the store and they tell you it's nothing to do with them, no refund.

They pass all the fault to the manufacturer. What's worse is next day you walk into the same store, you see them selling the same faulty products from the same manufacturer.

And we have invester33 thinking all is fine.

All investors want to know is whether MATAD will make any money, end of.

If Matad can't sort themselves out due to political challenges, or whatever the reason, then perhaps they should close up, and exit the stocks market.

Because when they told shareholders of the prospects it was totally a different story when they needed funds.

Invester33 it's not about whose right or wrong.

As investors we should be questioning Matad.

They are the ones asking for funds in the millions.

I don't care if it's the Mongolian government, MATAD are paid to do their job, that is their problem, do you understand?

Furthermore, if passing all the blame to the Mongolian government, how would you know the same hurdles won't occur with the Borzon Block?

Will Matad use the same excuses after raising millions? Pass blames to the Mongolian government

If that's the case, why would anyone want to invest here if the company is passing ball but okay with taking millions.

Yeah, exit without delivering 💩 like they have to-date with their other projects.

You nailed it investor.

Thorn, check back on the video presentations.

It was around COVID time and Buck used this to his advantage.

He kept harping on about border closure and delayed operations, using it as excuse for not able to generate revenue as supposed if the drill went ahead then there would be sales from oil sold.

All in all, a placing were called to keep Matad's lights on, which included company running costs as well as employee wages.

Buck even said no salary increase for him that year as supposed he was doing the shareholders a favour

And you've already been told that talks of JV has been ongoing for 10 years and nothing ever materialize.

MATAD are on their own. Prepare to fork out £14.7 million over the course of 8 years as written in black and white.

Yes you can check back on the RNS

They did a raise to keep the lights on

Petrovis were involved as well and MB even said something like no raise this year as if he was doing us all a favour

The rampers make it sound like this ain't no problem like it is £147.

But reality is, MATD don't have money to keep the company going.

Not long ago they did a raise to keep the lights on.

How shameless the CEO to come out and ask for this sum of money after performing poorly.

Whose gonna fork out £14.7million?

It's going to be at shareholders expense one way or another.

People are twisting facts and deliberately sugar coating to make MATAD sound like the best share of the century.

In reality, Matad has an incompetent CEO who had spent 10 years + in Mongolia and failed to commercialize on all past projects, failed on finding JV partnership, has not made a penny but already thinking of committing another £14.7million on a new block.

Whose gonna fork out £14.7million?

Most of the LTHs are trying to pump this to get out.

How about a live chat with Naheed where shareholders can ask questions live?

All I'm saying is, if anyone wants a go at this at their own risk then please do so. MB is not one to be trusted.

I have seen people come and go over the years. Loud when they come, quiet when they quit. No, I don't mean they have left making money.

Anyway, I'm taking a break from this board.

Investor, stop lying, the SP hasn't hit 10p in the last 6 years at least.