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I got so frustrated over the weekend on this share i finally got round to emailling HO.
I print my bit and then put i their answer.I will leave my view of the answer out but think it is self explanatory.
Mike
I have been a patient shareholder here for several years now and was hoping after the last RNS we would finally be getting somewhere.
Can you please give us an update as there are more than a few of us who think that the Mongolian Government have lost control of this whole situation and the reality is that the tail is wagging the dog here. We pass over the money to ministry and I assume that by now that has found its way to the right province and is being held up deliberately at that end. I am sure that the weather at the moment is hardly conducive to staying outdoors for two long but it will not be long now that -40 translates to Zero and we back into an active time period. Is this likely to happen this year and how concerned should we be with impending Mongolian elections later on this year.
Answer
We appreciate your support and continued interest in Petro Matad.
We share shareholders frustration at the bureaucratic delays that have held up our activity at Heron 1 and are doing everything possible to push the Mongolian Government at all levels to allow us to move forward.
Please rest assured that we will update shareholders in due course on the progress we are making.
At least you got any answer, no reply to my three emails I have sent over the past 2 weeks! Communication utter crap!
The LP is held up because OF Mike. He is the reason for locals not approving the LP.
Personally i do think this is up to MB. I think it is MG who have lost control and lost it some time ago and are trying to pretend they still have some sort of say over this. At some point they will use the full force of the law they have created but that will not happen in an election year,. So do not hold your breath would be my opinion.
I have also emailed seeking asuurances that we are fully funded and asking that they keep the SH informed.as i said this SP is going nowhere (even on news) that a raise will not be required soon and saying it will become a double edged sword.
I will let you know.
The herders asking money from miners but they aren't supporting them!
No money should be paid to greedy Mongolian at all. No charity unless we get sth back. 5 years and still waiting.
Zero sympathy. I am sure MB is doing his best, however MG is too difficult to deal with.
Ibiza , thanks for posting the reply you got from PM, however, they couldn't really say much else outaside an RNS since to imply otherwise would be against the Nomad rules:- hence if you lkook at the wording is past tense " ... the bureaucratic delays have help up............ " It doesn't give us any particular current insight as that would be against the rules
"We appreciate your support and continued interest in Petro Matad.
We share shareholders frustration at the bureaucratic delays that have held up our activity at Heron 1 and are doing everything possible to push the Mongolian Government at all levels to allow us to move forward. "
* held up
Mr Researchandhold - good to see these are other sensible holders here like Mr Thorngasson & others (check his post yesterday 16:02).
Most others just complain complain and do not look like they have mentality to really be involve in investing Lol.
Do RESEARCH, BUY & WAIT - if cannot then SELL.
Cry babies do not achieve anything unless plan is to cry as much as possible on BB lol.
RNS WILL come & price move shoukdopen well above recent dip!
Simple! 🦉
WOS - I see you're ramping GCM with the same "RNS Next Week" forecast as you have been for MATD over the past year! Will you never learn! RNSs will be communicated when a company wants them to be. Give it rest for your and our sake!
He's actually trying to have his cake and eat it over at GCM.
The poor Twit Twoo doesn't know if he's coming or going.
Let down badly at MATD.
Shafted over on COPL.
Playing politicians games with GCM.
Time to put a sock in the not so wise orifice IMO.