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Just on oil in ground price should have been 8 to 10p prior to this move
masters how can you say that with a straight face. we have land access sorted to allow productionto commencein 2024 , we have a major oil discovery, we have an offtake agreement and we have multiple projects in renewable energy.
everyone is ****ed off with the delays but frankly mb is not the issue it's just the way the world works and there isn't much that can be done other than letting it play out.
aim isn't for the weak but the rewards will be sweet.
I love the armchair CEOs on this board who have never run a McDonald's let alone a company in a first world democracy with basically zero support in terms of precedents
Reading between the lines the company is wanting the land access sorted so that Heron 2,3,4,5,6 7 don't have the same issues. 2 week work over rig and we are PRODUCING.
Offtake, transport and sales all sorted.
Sure the local support is less than ideal but to be fair, the local government is walking a fine line with an election looming.
Frustrated that this keeps dragging out but in reality other than the big stick approach you have to play the long game.
Still think we will be producing in the next few months, renewable game is interesting. They are big players so perhaps this will be a good long term cashflow generator in time.
Cheers
Lol have been off living life but good to see the usual protagonists still trying hard to steal everyone's shares. Typical MM tactic, drop the price shake a few stop losses closes the same.
They are accumulating for the massive rerate, which frankly, could drop any day.
Don't fall for these 3 post new accounts that sprout, oh it's such a concern there has been a sell off, what is happening ๐ ๐ค
Please...........
Good news inbound in April , company making RNS. Best of luck to the true Matadors ๐ we have been here a while
Strange that you would deramp a share you own?
Unless you have alternative motivation...... you don't need a LSE account to buy shares. I can guarantee I have 10x your holding but , you do you
Master82 nope been here longer than you. We put in seed capital for this project before you out of nappies.
Still here for the long game. Plenty of near term upside and won't be selling before we reach 35p. Buy the dips ๐
I love the keyboard CEOs
Risking their 1000 pounds whilst the company ,in the real world, negotiates a complex process whilst remaining respectful to the country and its internal processes. Its still winter , work over rig takes a week so lets not all get too hyped up with doomsday prep.
Production is coming in the next 8 weeks.
Game changes
Lots of other upside potential
Buy when the weak are selling
See you at the RNS party..... very soon
He didn't infact, he said MG as in Mongolian Government which is exactly what was announced.
Anyway , off to live life. Production coming, hopefully next few weeks or so. Load up when you can, 60M barrels at $90 a barrel. That's the focus
Everything else.is noise.
Cheers
Ok well he didn't "promise" but he said they want the well on production , semantics my man. They want the well on line and they are working towards that goal. They have until December and I firmly believe they will achieve this significant goal.
Watch again then, it's clearly in the video
Exactly, it's all speculation and bs until we have an RNS so carry in with your lives and look forward to a pleasant surprise soon enough. MMs are hoovering up weak hands so news is definitely inbound shortly
No definitely not, the point is if you are an investor and not a shorter , you take a position for the long term and you may take another short term trading position but if you lose face in the man running the show you need to have a long hard look and decide if you want to stay invested or take a loss. Aim isnt for everyone.
The problem is everyone has their own timeline and their own objectives so when I see apparent shareholders talking the company down, I am always suspicious of their motives, as it defies logic that you would invest in a company and then bag the CEO out l, behind a keyboard, when there are multiple more proactive ways to engage with the company that don't make you sound like school kids.
Let's face it,.it's bee n a very long journey but in my opinion we are very close to some significant wealth generation for shareholders and to me personally I am confident that MB will deliver and patience will be handsomely rewarded shortly.
I hope that this is very close to the end of this long winded process and we can make some meaningful progress towards production in the next few weeks, albeit maybe only production from one well before Xmas, but that revenue and the associated change from explorer to producer will carry a significant share premium and open up lots of funding and operational options for the company.
Remembering our cost is approx $35 per barrel so at 85 to 90 a barrel less trucking the economics of this one well are massively significant to the company. 24hours a day 365 days a year with one of the best PSC deals you could imagine in oil.
You have to back the CEO, he has 10M reasons for success
Are you though? You don't act like it and you don't behave like it.
I don't understand what you mean by no progress has been made? That's just not factual
We have an exploitation license and we have special purpose certification for the whole area and we have 60 million barrels of recoverable oil. Plus a lot of other things in the background.
My personal view is that is pretty significant and the value to shareholders is overdue to catch up to the news. We should have been at 10p plus already, on the exploitation alone but it will catch up quickly once the formalities are concluded.
Cheers
Gosh give it a rest derampers. Been away for a week, same drivelling people sprouting end of the world nonsense.
I would assume MB in Mongolia for meetings and progress, not for sightseeing tour with Mrs Buck
It's always interesting to see the "it's all over this year, Mike Buck should go" brigage, shortly followed by massive good news via RNS
Nothing has changed, SPL approved, work ongoing, workover and multi well DQE deal in final sign off. Many other upside announcements due on other matters
As always, you are welcome to sell me more shares. Investors know that this beast is about to wake up.
Good luck and hoping for a positive update shortly
To all the babies who are crying below, the reality is you can always sell your position and take your loss if you choose. But as always either you don't actually have any shares, or you are trying to manipulate an entry or you clearly don't see the massive upside in MATD.
Investing comes down to risk v reward. I am very comfortable with my holding and will continue to accumulate. I was a seed investor and see a bright future for the company, under Mike's leadership. He isn't talking it up he just continues to deliver for shareholders and most people would phave given up but he is persistent and determined .
The sort of leader we need
Wow there are some sooky lalas on this board.
I mean seriously, Mike should resign because a few whining LSE members who hold a grand total 10000 shares think he isn't going fast enough. It's honestly laughable. The government has been very supportive of MATD and has given us special certification and an exploitation license in a short period of time. We are dealing with frontier processes and a politically young government.
This is classic MM manipulation to make a quick dollar.
The reality is we will be producing oil, in my view before the end of 2023, the reality is we have 60m recoverable Minimum, possibly a lot more in one structure. We have a lot of other areas to explore and we should be awarded more land to explore in the current tender round.
We don't require any additional funds until the middle of next year, possibly never.if DQE deal goes ahead. Noting its been sent in for Government approval. Also noting we are not as temp / weather dependant for production so we can become operational at any time for the pump install / workover as far as I can see.
So keep buying the dips and keep your chin up. We have had a crazy ride to get to this point but we have never been closer to selling the good oil.
Cheers
Thanks for your kind words. Very judgemental of a stranger. I appreciated MBs update. Not much more he can do, it's a patience game, that's life in a frontier country with new processes and regulations.
I don't care about short term volatility I am accumulating a position as I think there is remarkable value in this share. I bought more today and will probably buy again. My average price for three days has me in profit on these purchases now. My average price is below 3.
The very simple question is why people with no shares care what I do and why you follow a share and bag out CEO because he isn't running to your imaginary timeline.
Yawn...... it really is boring check back in a couple of weeks
People who invest do so on fundamentals. This share is dramatically undervalued and will provide significant share price appreciation to those that ride the bumps into production and or a takeover at a big premium.
Have a good weekend. One day closer to production.
That was my buy. ๐
Thanks Karen!
Soon means soon. No one other than Mike and the board know, so relax. We all know we will be an oil producer shortly so if it's tomorrow or a month in the big picture it's irrelevant .
Looking forward to an update shortly
Good luck everyone, it's been a journey
Cheers