Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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MB doesn't give confidence to shareholders.
Lets wait for another few more months and see how it goes.
MB...."Go into the MG and say ...."Help Me".... "Help You"!.....Help Me-Help You"!.. ??
SirBob.
I find what TMK Energy are doing follows a normal well executed scope of work, well planned, well communicated and focused on investor and stakeholder future returns.
It’s very strange that for years Matad cannot deliver the same transparent process, and yet have been in the country a decade longer, have a wealth of experience, should have robust government relationships, and through this time being invested in Mongolia paid for by its company shareholders, fail to deliver similar progress to that of its much younger peer.
Strange !
Look forward to LSE presentation now & hope price take of like before but confirm can expect other RNS in next few week :)
Mr Doc no problem & hope it help. Maybe you right but maybe wrong & sound like Mr Mike Buck think will be soon from direct feedback sir :)
Mr Mike Buck say have been pushing very hard in corridor of power and feedback VERY CONFIDENT LP come and drill Heron 2023
Build up to Velociraptor drill mean RNS can expect more early then drill in Q1
New Licence RNS early March in next 2 or 3 week so can see seperate from LP is lot of RNS
Also like header say price was 5.5p before with 3 Month wait for LP so with all other RNS coming soon & Velocirapror I think have good reason for confident evwithout ramping sir
Be happy :)
Well done WOS, credit were it's due for summarising.
My questions did get asked. Sadly, being online/webcast, you can't easily ask follow up questions like you can do at an in-person AGM. But at least they were answered to some degree.
The renewables stuff and Velociraptor while "potentially transformative", are exactly that. Potentially. The only game in town at this very moment is Heron. And I personally don't think that will land anytime soon, i.e. not in Q1 or even Q2.
I hope to be proven very wrong.
Hope this help genuine shareholder & very good I think :)
Resolution 6 - Permission for Buyback up to 15% of share issuance
Discuss debt funding but although Heron field very big Heron 1 smaller so debt funding limited
Pushing very very hard for LP and making noise / feedback from corridors of power with contingency for 2024 but CONFIDENT for 2023 for Heron production
Sympathise with local community but Petro China now make big effort in local area & change in attitude with local because of this. Have made voluntary draft agreement for local people to help them
When will Heron Land issue be resolve? Many meeting in last 10 day & meeting this morning give mr Mike Buck CONFIDENT "will be soon"
Did not hear next question but Petro China will lend equipment at zero cost but regulator say must pay token cost so MATD very please with this
What is current net cash position? $10-11M in bank
Why so big discount in raise? Painful for all but because of previous low price and price run up for short time institution only agree 2.5p BUT very oversubscribe. No further activity like this plan
What change from Dec? Opportunities & Renewable JV need. Neerf to guarantee operations independent of Heron
News coming? Site mobilisation & lots other so RNS run up to drill and expect possibly early before Q2 Q1. New licence RNs EARLY MARCH
LSE.co.uk INTERVIEW coming :)
Resubmitted, let's see!
I have also submitted online. They say only one question submitted and it's not mine... sham!
So far a complete nonsense. Let's see if my questions submitted are answered.
I'm just getting audio Doc
TMK page is loading now
I am. And registered?
Only shareholders can see the page.
No video, just audio?
What are you saying is strange?
Page Works for me.
Just you hey bp!
just a blank page?
https://tmkenergy.com.au/wp-content/uploads/2023/02/02631637.pdf
What our peers are doing.
Strange.
People like mr Dowazabba Mr Bob & even mr Hamm make good point. Some agree with & some not but think this is important
2023 will be VERY BUSY year & this is what RNS say & does not rely on LP
SP was 5.5p when everyone think LP coming in 3 month. Now we know Mongol govt make law so local people cannot stop LP & local people now more happy to agree with MATD for LP because know they have no choice.
Company say progress with local people & govt so do not think it will be long now so if 5.5p with 3month wait before then will see price go back up now
Also company confirm DQE negotiation complete & terms agreed. Now contract with DQE head office so only need final signature for RNS release of MULTI WELL deal
Velociraptor drill contract with Canada company agree & expect RNS to confirm spud day
New Block issue news come when come but Phase 1 done now
Maybe I do not agree with mr Hamm to stop all activity until LP because I think when company say progress made this is not empty & can see with new Govt law & local people ready because of this
Think when Mining minister say 3 month he should add 1 or 2 month extra because of slow Mongol Yak speed lol but will come very soon ;)
Think this will come before any drill result for Velocirapror & same with DQE RNS & new block RNS which will come before Velocirapror result
This is why important to keep busy in 2023 & lots happening for MÀTD in next few weeks
If I agree or do not agree with some holder here on some point most REAL holder know lot happening now with full fund & expect price to be much higher then price of fund raise
This is why I can say Be Happy :)
Found it interesting local govt now showing signs of playing ball, could it be that
Now they see central govt going to issue permit theyed rather do ‘a deal’ at local level to benefit local people rather than have central govt over rule
them with no benefit…..I’ve know many UK planning apps go through if the developer does something in local community, so must be even more rife in Mongolia ……so with forthcoming drill I see this at 6-12p, with land permit much more……but will it be forthcoming or will the Mongolians manage to push it back another year nearer the refinery being ready so as little as possible oil goes abroad……interesting three months ahead. Good luck all - heavily invested but see both possible outcomes here on the AIM lottery….
How many shares you got Hamm? I’ve regrettably got just under 3m……lol
yes Hamm....you and sweet "FairAnalyst"....sorry...I mean you and "Positivevibes" may well be very large shareholders here...it is all relative....there may be quiet large hoarders who have a bit too...but like I say it is all relative....some of us spread the risk and have identified 20 or more different "MATD" type possibilities....and spread the risk/reward/time oppportunity to suit...taking in the Macro and micro risks and "tweeking" positions on a frequent basis!
A balanced portfolio ex bonds....and dry powder to pounce.....is a good idea in my boat....plus it is more interesting than having too much focus and money in one share or so!
I think if someone had asked me to do today's RNS update.....based on only what I knew....then I'd have drafted a very similar one as today's...it would have been better not to have had one...
....but I guess a good time to top up as part of a balanced picture!
GLA
17 million dollars in the last two years and still not a drop of oil taken to market since 2019z discovery's. As you say Dozzawba I think some serious explanations are the order of the day tomorrow but will we get them or just skirted over like last time. (Going to watch Dirty Rotten Scoundrels tonight.) :+)) Unfortunately I won't be able to participate in this AGM call but will be keeping an eye on this BB for people's thoughts. Nothing to do but wait a bit more I guess. GLA.
Yes, I believe I am probably the biggest shareholder here. Never sold any shares.
I have been trying to be constructive. You may call it negative. 1p up or down doesn't matter for me. I want MATD to be a real success. I want MB to be more active rather than sitting in his office writing a letter expecting LP granted which hasn't worked! Again I believe the share price will go up regardless. Under 10p is still a great entry price.
ATB