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It's apparent the board has become a lot more quieter after the funding has been secured.

Before that there were a lot of over optimistic posts designed to entice buys.

The SP is already closing in on 1p and I expect it'll be a lot lower as there won't be any major news for a while.

It really is a sad case that the CEO had promised soooo much but delivered so little.

To further rub salt to the wound of the long term shareholders, he goes and join Seascape Energy for his own personal gains.

This move really showed the character MB really is, and he is not fully committing to the role at Matad.

No wonder the Mongolian Government and a respectable Chinese company such as Petrol China are treated him the way they do.

A total clown deserves just that.

10 years and near £200 million raised. Tons of promises and false dawn, and yet, MB has the face to linger around like a bad smell, total shameless.

Yet, the believers chooses to deny truth. They are loving in denial of the false promises from MB.

I recommend people to listen to the past Shareholder Q&A Q2 2024. Many of the spoken projects have made little to zero progress since.

Even the interviewer sounded frustrated with the continuous delays and the scripted responses from Naheed.

It felt like an interrogation at some point and you can literally hear Naheed's voice shaking when being questioned about progress and value realisation.

The interview wasn't a showcase of confidence, it highlighted the lack of preparation, company strategies or any kind of forward plans.

Listening to Naheed getting roasted doesn't really boost confidence for shareholders and potential investors.

https://youtu.be/3racQO34g7s?si=ltQ0V-yQcy2XDhs_

In my honest opinion

If MB couldn't take the heat then perhaps he should step down.

People here are merely stating facts.

It was none other than MB himself who provided the expectations and then could deliver.

And he has done it over and over in the last 10 years.

Near £200 millions raised and most of it has gone to waste

So it's okay for MB to keep telling the market a deal is near and he has been repeating that for the past 10 years?

Double standards but am not surprised at all

"No timelines or promises have been broken."

The company said they would develop Thar and sell coal. Did that ever happen?

The company also said they were in discussion with a potential buyer. Has Thar been sold?

"following the process takes time and patience."

It was the company who said ML in the coming weeks!

And it was people on this forum that suggested revenue was coming Q3-Q4 of this year, doesn't look that way at all, never was.

It's been said time and time again.

Let's keep it real. MB has proven he cannot be trusted.

The market has lost confidence in Matad and rightly so.

It's time for Buck to deliver to expectations, no more hypes and talks, we want actions and results!

No good saying things will SOON happen, instead, how about just DELIVERING them.

What's holding them back?

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

£190 million isn't enough to get one well onto production on a satisfactory level?

H1 went from 821bopd to being choked back to 200bopd. Turns out it was 160bopd and latest report was 150bopd. MB once again wasn't transparent with shareholders.

What happened to the H1 & H2 well modification and production ramp up?

This company operates on new hopes and raises, but nothing ever materializes like the JV and farm in talks that has been ongoing for 10 years. The plan (or should I say hype) to become a sufficiently self-funded company seems like it can only exist in fantasy.

Cash won't last in the Matad bank, they will require heavy funding and Borzon alone will require a whopping £14.9miion over 8 years.

The long term holders have all lost money here. Gone are the days people invest based on empty promises and trust, time to show some results.

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

All in my opinion and dyor

People are here because they want NZ to do well as an investment case.

Well then, how can you disregard something as important as the ML.

It's part of a crucial process to deliver what the company said they would.

But so far it's just delays and delays.

What is there to discuss when they can't even land a farm out deal despite years of talks

What will happen if still no ML next week?

Oh yes I did.

Perhaps you should check back on my comment made on the 28 Apr 2026 07:55.

It's been said time and time again.

Let's keep it real. MB has proven he cannot be trusted.

The market has lost confidence in Matad and rightly so.

It's time for Buck to deliver to expectations, no more hypes and talks, we want actions and results!

No good saying things will SOON happen, instead, how about just DELIVERING them.

What's holding them back?

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

£190 million isn't enough to get one well onto production on a satisfactory level?

H1 went from 821bopd to being choked back to 200bopd. Turns out it was 160bopd and latest report was 150bopd. MB once again wasn't transparent with shareholders.

What happened to the H1 & H2 well modification and production ramp up?

This company operates on new hopes and raises, but nothing ever materializes like the JV and farm in talks that has been ongoing for 10 years. The plan (or should I say hype) to become a sufficiently self-funded company seems like it can only exist in fantasy.

Cash won't last in the Matad bank, they will require heavy funding and Borzon alone will require a whopping £14.9miion over 8 years.

The long term holders have all lost money here. Gone are the days people invest based on empty promises and trust, time to show some results.

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

All in my opinion and dyor

Another week without farm out news.

Very disappointing

I did say this will go quiet for months now that the BoDs have gotten their funds

If everything has been resolved like the company has advised, then what is there to discuss or the reason for attending court?

If they can't even obtain ML on time, and also getting the equipment on site on time, then based on what you think these guys can accurately determine the amount of gold beneath NZ and the potential revenue they say there is?

No it's not.

They said ML in the coming weeks, and it has been months now.

They also said everything on the ML has been formally agreed but they are returning to court once again...as someone has pointed out on this forum...

They also said drilling equipment would be on site in days, and it has been way longer than that...

How can you say it is going as planned when it's not?

Yes I am focusing on the stock.

It is the reason I am curious to know why things isn't going as planned.

Is it because the company has miscalculated?

They promoted a shallow gold mine and implied everything wouldn't be as complicated.