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MB will shortly come with a placing.

10 years of activities.

Tens of Millions raised to produce a 200 bopd well

Still require a signature

No address of future funding

No. 200 bopd won't generate enough revenue.

I've always said MB wasn't on shareholders side.

How does it feel being lied to, in terms of the bopd.

They always gave a consistent figure of 800bopd unchoked.

Now stabilised at 200bopd. No remedy to H2 or Gobi.

Still awaiting signature.

Lots of red flags.

Massive sell off expected?

Going for 35-40% drop?

No excitement

Poor result from originally expected

I was right about not trusting MB

How will the market react

Just because you doesn't like to hear it doesn't mean they're not facts

Even vagabond have taken a break from posting

He is the most positive poster on this board, like at some point we've all been

But some of us have woken up to see the not so rosy side of the stock

But so far it has just been down

Don't you start your accusations on me selling out or wanting a cheaper average

That's not the point

It's about our incompetent CEO and the MMs bring this down

MB sold a story

It's just that unless of course he proves it

Proving it as in oil sold and money received in the MATD bank

I refer you back to 10 years in the making and nothing to show for

Fact

Or none of those potentials are to be realised

It's also a potential scenario

Hence the negative market sentiment

Ask Naheed on that one

My honest advice to you Mark Connor, is save yourself the stress and hassle.

Unless you have money you're prepared to throw away, or if you're John Connor and had a glimpse into the future.

You are asking a million dollar question which with all honesty, if there is one person here that knew, then there wouldn't be all the disappointment and heated debates.

The value of the assets and revenue potentials should be at 0.1 to 0.5, and even 1p+

This company is difficult to value because there are multiple international projects in the making.

Northern Zone Gold should see the SP 0.1 +

In reality however, at least the current situation, is that the market doesn't trust the CEO for justifiable reasons.

The MMs are playing their game to bring the SP down as you can see. How long will it last, or whether there is a turnaround is anyone's guess.

Patience is virtue.

It has been 5 years for many since WRZ16 well with water, still waiting for the company to produce some substance.

This is a fact.

The SP is where it is

We are all disappointed

I'm not dismissing the said potentials.

But the drop is criminal.

It's basically holding a g_n at your head and saying, you either average down for a chance, or you can wait to see if this ever does 200% to get back up into recent highs, the buy in price for many new comers

Who would thought the SP would drop

genuinely upset of the **** poor performance here.

and strangely, who selling at this price...

it doesn't make any sense

MB is not content with H1 and H2 alone.

He will definitely raise funds for the next venture.

Perhaps 10-15 millions for the next set of wells he has his eyes on.

If only Naheed were switch on like Sharebel

How many false rises have we seen...

New lows are being created...

Months away from permit

I even wrote to the company several weeks ago and were given the reassurance that news were due.

They were adamant that projects are progressing well. If this goes bust then there's probably a case of intentional misleading for the FCA

This is listed on the LSE but feels like an aim stock.

I'm following a couple of shares and all of them has / are plummeting...

PIs are losing money here and there. It makes one think what the market really is