Bradda Head  Lithium exceeds targets, secures US$3 million royalty and moves closer to production. Watch the video here.
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Why am I positive - i give reasons in post this morning at 07:04.
No general complaining about 'rose tint glasses' but solid REASONS why I am still invested & look forward to future.
If people really feel the way they feel in some comments on BB I ask why they still invested - wait - maybe they are not Lol!
Buy, hold or sell 🦉
In the last 5 years matd staff have enjoyed payment from our hard earned money with zero results.
Why do you think it is ok WOS? All we have heard is talk talk!
Advance talking, nearly there, MG support ( big misinformation) JV, nothing materialized yet.
What is really annoying is MB isn't in Mongolia and he seems he has no clue how bad it is. I call incompetent.
Running a multi million company from far away. Unbelievable!
Can't disagree with that Hamm as much as it pains me to say.
What the hell are they doing.
We will have the raving loony party in parliament before this comes to fruition the way this company is being run.
Come on MATD, pull your finger out
Header!
Same was said about COPL look at them now thousands of PI'S RIPPED OFF
Wos, did MB managed to see David Cameron?
I guess not!
Because MB probably at the time was still in his cosy residence in Singapore.
Another opportunity missed!
hamm . we all know the failure of this company lies with the ceo.
he has failed to secure any solid arrangements..
no arrangements with pc
no arrangements with dqe
no arrangements with the government on new blocks
no arrangements with locals on land access.
his success has been at raising money.
since he has taken charge he has had 0 success.
i said last year this guy has to be gone as he is useless and i keep saying it. the reason why we are where we are is 100% to do with mb.
he could not organise a ****up in a brewery comes to mind.
The only way this is going to succeed is either the Mongolian shareholders manage or we need someone with fire and a clout. Not a push over.
Time for a change. He just doesn't shine .
In fact I can do 100% better job than the current CEO.
If I can contact people sat at home , why the hell has he failed to contact the activists and the locals..
I have not once seen him visiting the locals to say don't worry we will not forget you. Instead he has been sending minions who have no authority.
Good CEO should know how to interact with both shareholders and the locals .that's the key to success.
Keep your enemies closer.
We are at the mercy of MB's success or failure. MB is at the mercy of Petrovis, the largest shareholder. Ptrovis imports oil & gas from Russia which is its only source of income. So the Ptrovis guys are at the Mercy of Russia. Conclusion: we are all at the mercy of Mr. Valdimir Lenin.
Master, land use is urgent/important for petromatad. Without that matd can't extract oil.
If that is the case which it is then MB as the CEO should have stayed in Mongolia for the time being at least and push the government. His physical presence is important. It shows urgency in the matter while doing back to Singapore has negative effect.
What MG authorities may think of the situation or how much take it on board as a serious matter if the CEO of the company enjoying himself in another country.
Another point is that by living in another country MB gives the impression that Mongolia as a country is below his standard ro live in and he may look pompous.
Ok i think a lot of us are agreed we need a new CEO the question is how do we change the one we have and can we. Also who do we want to take over. Unless someone has some clear ideas as to how to change current one and also have a suitable replacement in mind this is a bit of an esoteric exercise unfortunately.
Hamm you are either a paid ramper or extraordinarily naive as an investor. You look to Wos like a ridiculous puppy. Seriously you need to evaluate wether aim investing is practical for you.
Usual posting nonsense with hysterical meltdowns & usual stuff - Header say all!
Local Sum would not have vote with such a large majority if they do not intend to push Agreement thru - greed is greed and we see everywhere (including posters playing games on this BB - Karma is real though).
Now we have Petro Matad speaking with protestors and all accept it as National company. Protestor themself did get arrested, charged & threathen with further action.
Local Sum will not want to lose extra 'benefits' Local LP Agreement give them & Petro Matad is preparing for 2024 Operations with Contractors.
We should get update for this soon & confirmation of signed Agreement from local Sum.
In meantime we have BB hysterics & Mr Bucks housing arrangements - we also understand lot of this is probably games being played on BB - or why not just sell by these posters - or maybe they probably already have so why are they still here crying? Lol
I will keep my stock safely held - focus on Investment - and Company Drilling Operations 2024!
🦉
lol - only have to look at how little if mongoliapotential been explored & need for foreign investment.
this is why land law / investment law changes etc. plan is for full exploration / develoment mineral assets with generous pscs for govt which feed into gdp base and sovereign wealth fund.
conspiracy theories for conspi******s but closer investigation make no sense at all.
i will enjoy shopping today for little bit - very confident if petro matad
"Put straw in and you get Oil" - okay, thank you for great insight! 🙄
🦉
Everybody posting here IS focususing on investment that's why they are still here
The point is the board and the delays and constant excuses is making this more and more difficult as time goes by. Now of course some would say sell
But than that would have a serious financial impact on those who cannot afford to do that
I would rank this stock in the top twenty on AIM but that doesn't mean anything until we have a solid management team
What exactly is Mike Buck meant to do to please you all? Break the law?
Seems to me he has been given assurances from those in power that have proved worthless, but he is currently doggedly pursuing all diplomatic, political and legal routes.
Feom the RNS
This process is still being held up by the Provincial Governor's refusal to sign off on the government's key Tripartite Agreement and whilst completion of the District level approvals will allow 2024 operations to go ahead, the Company is still pushing for the long-delayed certification process to be completed. The Ministry for Economic Development, which is in charge of stimulating foreign investment in Mongolia has been very active on this issue and is preparing a submission to Cabinet to attempt to remove the obstacles to completing the process. The Company continues to cooperate with all relevant agencies to make sure this process is completed but, at the same time, is looking at any legal recourse it may have if the central government fails to rectify the situation and so delays operational activities in future years.
My only criticisms are the lack of info regarding the local LP process and local comms strategy.
Aeschylus whatever is being done now and waiting for the final approval should have been done a year or maybe two ago
The whole project is way behind schedule
In the meantime shareholders are paying for the privilege of having this board
Never heard of brown envelopes Aeschylus? That usually does the trick, especially somewhere like Mongolia (International Currency). The Provincial Governors pen would be the hottest property in town.
Buck was told not to appeal court decision as it would "get sorted" and he was also told that spc would take about 3 months back in 2022.
What's a man supposed to do?
Hindsight i.e. the ability to understand an event or situation only after it has happened: is a wonderful thing!
Buck has made it clear he will follow the law, so those who believe the only way to progress is by way of brown envelopes (corruption) might as well sell, as it simply isnt gonna happen.
Aeschylus I have spent a good deal of my time stuffing money into brown envelopes more or less made a career out of it, it definitely works and it definitely speeds things up. Can’t see anything wrong with that and everyone gets what they want but much quicker. Anyway I won’t be selling anytime soon, I’ve been here for years and it was only a suggestion to get the ball rolling a lot faster. Sometimes a change in direction thinking wise can be an advantage and in my experience the higher you go up the ladder the more corruption there is.
There is enough evidence to show that a few major mistakes have been made and the board are "passing the buck" to MG and others in the local province .
For a start the herders should have been compensated fairly and now we learn that this issue isn't fully resolved
"passing the Buck" I see what you did there Roxy :-)