Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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yeah.... but what about options 7, 8 an d 9..... you gotta love a troll or 3
Or option 6 the world could end....?!
Its up to us to determine the remoteness or likelihood of each scenario. Reading the RNSs and other information and undertaking a PESTLE analysis helps.
Option 5, the worst case is if MATD leaving the market!
ATC did that. They left the market. They are making millions but not a penny for shareholders and CEO and the co are the majority shareholders. Hope MATD/MB will not be like CEO of ATC mr Best!
C&C - there is a 4th option (which we all hope doesn't materialise) which is that Heron proves to be far less productive than anticipated.
I assume "beautiful news" would mean anything in contradiction to what you've previously posted.
Good to know that you've changed your mind. I for one would like your hopes come true.
There is no secured drilling slot. That is the problem.
The contractor is too busy to find any slot this year but they are after a series of drilling contracts with MATD.
It doesn't make sense.
I am very suspicious with Chinese contractors.
MB needs to have other contractors on board or we miss another precious year.
Honestly MB should go back to Mongolia. He needs to be present and active.
Ibiza. T he only news available to any of us is that found within the RNS of 25/02/22 and the Investor conference but by way of summary my understanding is this:
1. MTAD has received a joint working proposal from DQE, they have responded and are awaiting a counter response or agreement early Q2 - which would be April. that doesn't mean it will be a settled issues in Aoril.
2. At the same time (but probably a back foot option due to point 1. they have secured a drilling slot for a 2 week workover but are waiting on the actual dates within this year's drilling schedule. Obvioulsy if Option 1 is going nowhere this needs to be acted upon.
Successful outcomes on 1 or 2 will be transformational game changers. However there is still the risk of a 3rd option albeit small, that the DQE proposal doesn't materialise into anything concrete and MATD are also squeezed out of this year's drilling schedule. If this is so then of course they should pull out all stops to secure alternatives but ultimately could result in another year's wait and, of course, if this series of events happens the share price will drop. It is the potential risk of outcome 3 occurring and also the lack of current news (albeit not overdue news) on outcomes 1 and 2 that is dragging on the share price. currently...
Therefore it all depends on how we personally view the likely outcomes and the subsequent risk/rewards of these 3 outcomes that determine our position.
All in my own opinion of course.
Misterpositive,
'Sharing the same basin that is clearly separated by Block'
Please can you explain a bit more?
I remember there was a shared oil basin between Qatar and Iran.
There was a dispute about how they should extract the same amount of oil.
Thanks again.
Guys have a lovely weekend. Hope we get beautiful news first thing on Monday.
Hamm
Sharing the same basin that is clearly separated by Block / licence boundaries is normal and NOT at all conflict of interest.
If Petrochina want their hands on Heron oil also, then they will need to pay a fair price to buy out Block XX from us.
That is in my opinion what Petrochina looking at and have sent in DQE to do all the leg work initially before making an offer.
IMHO, DYOR
Can someone remind me as i beginning to lose the thread here. As i understand we have looked into all avenue re production and may already have chosen one when DQE came in with a counter offer. Having received that we then asked DQE if they would interested in quoting for some other work at the same time and we were waiting on DQE to come back to us. I think that was the gist of the presentation does anyone know if DQE have come back or are we still between cup and lip. I am hoping that DQE and Matd have sat down around a table and have at least got the essence of a deal and that this may even be with the lawyers to dot the i's and cross the t's/ This may take some time but if we have not got a general agreement in principle by now we should be seriously considering our other options and somehow keep them alive. We do not want or need a situation where by we try to keep one option alive only to see it flounder and we miss the boat on any others. that would not be too clever.
What a shame: Hamm has turned out to be a non valeur. He used to be a valued contributor to this BB.
FA - Hamms posts have to be a windup. I don’t take them seriously anymore.
I used to bite all the time but I realised they were so wildly inaccurate that they have to be a windup.
‘At least another 8 weeks’ … ummm that’s literally not what FA posted. To quote ‘4-8 weeks is a realistic timeframe’ . It’s amazing how you completely misquote information.
Anyway, carry on and happy April fools day :)
As FA says best situation no news for at least another 8 weeks or so!
I wonder if he is trading that might be why he is sensitive to the share price!
Doesn't look like long term holder.
That is good news for MATD.
Over 10k a barrel?! Right, I’m off to drain the lawnmower and sell the petrol back to the local Petrol station :)
I’ll just buy a goat to keep the grass cut
Over 10k a barrell whoops :-)) someone's typed it wrong on my Hargreaves app :-)) GLA
Wham bam thank you Hamm
Petrochina has conflict of interests with MATD!
They share the same oil basin!
MB/MATD needs to find other contractors as well just incase.
The way it sounds no progress/work schedule yet.
Since MB seems everywhere but in the field, I don't reckon any progress soon if at all.
Enjoy your day guys
https://www.spglobal.com/commodity-insights/en/market-insights/latest-news/energy-transition/040122-petrochina-to-lift-output-intensify-trade-and-bolster-green-energy-against-rising-supply-risks
PetroChina needs crude oil:
"Crude imports
However, PetroChina's domestic crude production could only meet about 62% of its throughput needs, according to company result, leaving the rest to rely on imports.
In 2022, its throughput target is at 3.48 million b/d, up 3.6% from 2021 as the 400,000 b/d Guangdong Petrochemical is expected to be online in second half, suggesting an increase in crude imports."
Intensifying international trading activities ... amid rising risks due to the Russia-Ukraine conflict
"China's integrated giant PetroChina will invest efforts to boost domestic oil and gas output, intensify international trading activities, as well as grow renewable energies to ensure energy supply amid rising risks due to the Russia-Ukraine conflict, chairman Dai Houliang said March 31 during the company's 2021 result call."
My guess is both the Chinese government and Chinese oil & gas companies sees a long, sustained oil supply shock coming, and will be looking to secure supplies to protect against this. ;
And PetroMatad are perfectly positioned to help!
Could this mean finally Matd in the right place at the right time. Hopefully things are lining up nicely and news to drop anytime soon and let's hope it's the news we want to read. GLA
Coldjoe- I’m with you on that.
All the best
I personally don’t expect update earlier than end of April, hopefully a positive one this time…
In the Meantime what has Mike Buck been doing ?
Zippo is Not very impressive !!
GL. Oilf.