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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
MG support is laughable. 4 years to resolve a land access. This is MGs problem too. Why sign a PSC if you don't have control over the land.
Why do you think petrovis has started exploration company. They could've just put more money in to PM . They realise PM is run by a drunken sailor, Out on a treasure hunt without a map. Clueless and helpless.
MB has bought SP down several times this year due to his pointless interviews and RNS.
I'm puzzled as to how other companies are getting on with it without any issues.
@ Velocoraptor - very well said.
Good to see that there are some sensible people who post on this board, amidst all the hysteria.
He was 'bragging' the million 'sale' on the bell before the delightful interview aired was actually his buy last week. So his sage and insightful top building position is currently over a penny a share down.. luckily for velcrofly, it was made up and he hasnt lost a bean.. hoot hoot
….. and there you see a typical ramper message.
Is MB your uncle….!!!
Many shareholders here have held a volume of shares for many many years - small, medium and large volumes.
It does not matter how shares are held - they all have a personal value attached to those volume of shares held.
As such your comments are somewhat naive and immature.
Any shareholder is allowed to highlight their concerns with the CEO, and the strategy of that CEO (or lack of strategy).
MM games?
The SP is still up 50% over the last year, and bear in mind there’s been a cash raise thrown in there. Yes, on the face of it there has been progress. But we are still here unable to get a barrel of oil out the ground.
MB did that interview to make sure we are not shocked when this year ends with still no oil produced.
As per Bowley, he has been informed that Buck is in Ullanbataar for the next 2 weeks. He needs to bloody stay there until the LP is registered and everything else has been sorted and ready to get that oil out the ground.
He needs to meet up with the British Ambassador to exert some pressure on the MG
MB really needs to put his foot down and remain in Mongolia till Season is over.
Just look how the activist operate. They pester the top level mpram minister by turning up and demanding a meeting and they do same at local level.
Want to be successful you have to be heard. Shy people don't get anywhere in life .
I understand that it would be not fair to say what MB should or should not as we are in dark!
However it might be the time he should speak up and at the same time trying to see if any buyers would be around.
He hasn't told us what he was doing in IOM either, I wonder why?
Dozzawba - we've already apparently had Philip Malone (now retired) involved. It seems the MG don't give a damn about such figures.
SP is moving like a drunk man had too many to drink.....
Doc, they way I look at it is, yes Malone was involved as I was in email contact with him and Buck and PM's brokers.
Who knows if Malone being involved made a difference. With Bowleys contacts in Mongolia and him getting involved who knows if he will make any impact.
I will also email Fiona Blyth and copy in PM and the brokers again.
Thought process is the more people who are aware of potential corruption, the better for us. Let's get it out in the open. They are in desperate need of foreign investment, they will not want bad press as this could scupper everything for them. They have already invited the UK MP who was in Canada to the Mongolian mining conference in September. They have had a meeting with Buck and our representatives in IOM. They cannot afford to continually fk us about.
I will also be copying the UK MP into my email. I will also send a message to Ganbaatar the Mining minister
This needs to be bought out into the open. As I said the more people know there is less chance they will mess us about