Views from both sides. It gives good reading to others and also does not let you run away with crazy figures when the suspension is lifted. Contacts or no contacts, this has been one hell of a ride thus far and I don't intend to get off the bus just yet. ( yes Ultra I know I do not have a choice at the moment ). God I'm falling asleep while typing this, so sofa bed time for this chap!
The POSSIBLE US$10m cash from a successful A-14 well on SOKO will help the MTA sp when it returns from suspension. Whether that's enough to give a MTA sp of 2p when it re-lists is open to question. Thats equal to a £38.7m Mkt Cap if the shares in issue stay the same. Unfortunately there are a lot of similar companies, operating solely in North America and the West Indies, on AIM for investors to choose from. The likes of MAGP, NTOG, CAZA, PANR, TRIN, etc, would look to be much cheaper options than MTA with a Mkt Cap of £38.7m. However it's impossible to predict share prices. I hope they do return from suspension at your 2p. I doubt it, but wtfdik?
Yep, lets agree to disagree. We are both of us only guessing. We shall find out, no doubt, within the next 6 months.
You ask, "Assuming there was news before suspension ends are they legally required to release it to market ?" Well STAV they are legally obliged to issue the latest up to date information on assets and production in the Admission Document. That AD will have to be issued before MTA is allowed to re-list on AIM. So we will definitely know what has happened during the time MTA has been suspended before it is allowed to return from suspension.
Lets agree to disagree . I see 2p pronto once suspension ends you disagree . Lets see .
I was told by same source as confirmed current drilling of soko under mta supervision that likelihood of Us deal going through pretty high but obviously nothing is 100%.
Question - presume Matra loan will be used to work over existing wells amongst other "things" So this could also potentially bring in positive news though of course the opposite also holds true . Assuming there was news before suspension ends are they legally required to release it to market ?
Don't bother. There is NO way MTA will be valued at a US$120m - US$160m Mkt Cap when it returns on just 10.6MMboe. 10.6MMboe (a lot of which appears to be P10) will never be valued at up to US$15 per boe in the GROUND. I know because I've research MTA's peer group (CAZA, MAGP, PANR, NTOG, TRIN, LGO, etc) all of whom produce more than 60boepd.
PS. Your US$120m - US$160m Mkt Cap would value the MTA sp at between 6.2p and 8.3p. Ridiculous.
Hi mate.Another salient fact you missed out on in your post was I ALWAYS think in terms of Mkt Caps. The only time I mention the sp is when I convert the Mkt Cap into the sp by dividing the Mkt Cap by the number of shares in issue. Since the number of MTA shares in issue now is almost DOUBLE the number of shares in issue when those POSSIBLE 15p and 30p were mentioned back in late 2009/early 2010 that effectively REDUCES my 15p to 8p and my 30p to 16p!! Doesn't sound so bad now does it?! Especially now that some posters are bandying about sp's of up to 8.3p (US$160m divided by 1.935bn shares) on just 10.6MMboe recoverable and a current 40boepd. At least my targets around 4 years ago were on 192MMbbls recoverable (and all light, sweet, oil) and 1000bopd on EACH well.
I've learnt my lesson. I don't believe MD bull**** anymore, nor do I make Mkt Cap and hence sp forecasts without the full, factual, information. We don't know the nature of those 10.6MMboe reserves. We also don't know what the daily production will be when MTA returns from suspension. We don't even know, definitely, that the deal will be fully completed. MTA themselves say they still have to do due diligence on these assets. If that due diligence throws up some question marks over ownership of these assets then MTA wont proceed will phase 2 and/or phase 3.
15p, even 30p. True, but back the Peter Hind was saying SOKO could contain much, much, more than 65MMbbls recoverable. What a bull******* that man was!
My 30p was based on 192MMbbls of recoverable oil in SOKO and 1000bopd from each well. That's what happens when you believe what MD's say!
Now we are talking about 10.6MMboe. Not even 10.6MMbbls of oil! Big difference to 192MMbbls and 1000bopd per well. I expect 10boe per well will be considered good from now on.
PS. Spiritfinder asked for my e-mail address. Not the other way round. I never defended him. He asked if he could send my posts to RHPS so they could tip MTA. I told Spiritfinder he could do what he wanted. My posts were not copyrighted!! LOL
a tad dont you think so . I remmeber a few years ago when you were talking about an sp of 15 or even 30 p here and were aquiesent to that idiot spiritramper and his claims . You even defended him and so you told us were exchanging emails with him and let some of your posts be used in Redhot penny shares Now you have gone to the other exreme and spend all your time downplaying matra's prospects .
The sp will not follow your doom and gloom scenario when it relists - IMHO. Quite the opposite . I see you are currently not holding any shares here . Yes I know your son holds shares and you feel morally obliged to stand up for the truth as you see it - St George ,shinning armour ,lancelot etc Pity you didnt do that a few years ago when a lot of people lost spectatcularly large sums of money here having been sucked in by a professioanl pump and dump team on these boards and you dismissed those like me who told you that it was one bif masquerade. Have you forgotten? I luckily wasnt one of those taken in and bailed out well before it all collaposed.
Not having a go so just stay calm just pointing out how you have changed your tune . If sp shoots up on being relisted I am sure you will find some argument to justify it . Ichypoopoo will point out that in fact all is ok and though you and it were wrong you are now both right even if it is a toal contradictionj of everything you were writing in the past .
Sp never only reflects current value of a share particularly for small oilies on aim - look at GKP/Char/Des - rather future peospects . Thus matra sp should reflect its furutre prosepcts and be closer to to $100m than $28m All IMHO
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