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Are we going to get a fundraise? Some facts
Cash balance june 2023: 8.4 mln
Yearly spending without renewables: 3 mln
Lets be generous: 6 mln left.
Same as end 2022 when we got a raise not much after.
Add in they have said they also need funding for renewables......
Lets see what they say at AGM
@Doc
I grant you that the matter is not resolved. But that doesn't mean that its not going to be resolved very soon.
If the matter is not resolved and no mention in the the AGM and RNS of how the board are going to resolve this than you would expect this SP to sink wouldn't you??
Lets see. I am taking the view as most here do that this is going to go north and we will see a big Improvement .
Hope I am wrong. Lets wait and see.
GLA
You trying to convince us or yourself cyber??š¤
Cyber - if it's all been approved, why do we need to wait for the signature to start producing oil?
The land use agreement is just that an agreement on rules and law on how we behave and use it, it's all approved nothing needs approving any further, when it land it lands and maybe already done and dusted and needs Mike buck to sign it and his probably delaying this until his back in Mongolia again for the AGM,
Main things are once buck knows it's done he will start the operation on getting everything sorted amd people on site, so wait till AGM hopefully by then it's all done or we wait longer if there is teething issues around this agreement where they need to have the say so or legal teams look over it, but it's getting done just needs time
Jimithebrush - spot on.
These shares I have are parked up, and having been in here for a number of years with numerous false dawns, I wouldnāt be surprised if we are still waiting for oil to flow come 2025. The Mongolian wheels of industry turn at an extremely slow rotation - but I would love to have them probe me wrong - and for the person they asks what Mi j Buck - itās simple, he continuously bangs his head against the wall with pure unadulterated frustration š”
Header says all.
Another thing to consider. Looking at the activists' videos, the weather is clearly a lot warmer. In fact, it looks 'drill ready', and yet we have no news updates. Mike Buck may like to put out a large single RNS, but the company is obliged to RNS anything that may have a material affect on the share price.
That said, things could change any minute.
Yet we know itās been a hard winter and the activist got mad when learning of hhe $200k compensation to ten herders .
Plus donation of 130 tons of fuel
"And whilst maybe, technically, the company doesn't have to RNS that the aforementioned agreement has been formally signed, its a pretty important step and considering the extended delays that long term shareholders have had to endure, it would be extremely inconsiderate if the company to not to do so at the earliest opportunity.
Therefore, my view is that currently, as of this moment, the matter is not resolved."
Agree with all of this ^^^
AGM logistics tells me there's going to be no significant news until afterwards and likely after the elections too. AIMHO and would love to be wrong on so many levels, MATAD still being played. "Is there going to be any production this year"? š¤
And whilst maybe, technically, the company doesn't have to RNS that the aforementioned agreement has been formally signed, its a pretty important step and considering the extended delays that long term shareholders have had to endure, it would be extremely inconsiderate if the company to not to do so at the earliest opportunity.
Therefore, my view is that currently, as of this moment, the matter is not resolved.
I will be watching the trade levels closely over the next few days as we lead up to AGM.
Any hint of trade levels increasing will give you a heads up to whether we have good or bad news on the way.
I believe that all is. In place and it is a matter of time.
However this is MATD and Mongolia so nothing is for sure!
This bit. We await an update.
We are hopeful that the Provincial authorities, who are holding up the Special Purpose Certification of the Exploitation Area, will not disrupt in any way the District's approval process, but we remain vigilant.
We dont need to guess. The situation was spelled out in the RNS un March. No update since.
Operational Update
Block XX local level land use approval: In light of the ongoing delays in the completion of the process by which the Company's Exploitation Area is being confirmed as State Special Purpose Land, the Company has engaged with the District authorities to secure local level approval of land usage. At a meeting of the Matad Citizens' Representatives Committee at the end of February the Company's application for land use in 2024 was approved. This approval covers all the areas in which the Company wishes to operate during the year. The approval means that the land use agreement can now be prepared and signed by the District authorities and by the Company and it will allow our planned operational activities to go ahead whilst the Special Purpose Certification process is completed. We are hopeful that the Provincial authorities, who are holding up the Special Purpose Certification of the Exploitation Area, will not disrupt in any way the District's approval process, but we remain vigilant.
Does anyone have a clue what Mike Buck does all day besides spend his well earned income LOL
Mr Furion - you may want to check out Plan A which is district sum Agreement which they already have!
Provincial governor signature is for Plan B Special Certification land conclusion.
Plan A allow them to start Operations and why they have started preparations with Contractors.
Discussion on this BB is whether local Sum (Matad Council) have completed paperwork after Agreement in late Feb / RNS 1st March.
My understanding is Company do not need to RNS this since they have already RNsd AGREEMENT REACHED and paperwork being prepared (1st March RNS) - same way they did not RNS transfer of cash by Finance Ministry when BB poster say they must.
Some BB poster say they must RNS finish Paperwork but mr Mike Buck see example above - also Mr Buck like SINGLE BIG RNSs.
We also look at 132 Tonne fuel donation to Mata Sum on 21st March (probably as thank you š) & 23nd March meeting if protestors at Mata Sum office where they show hard time.
Good to keep up all Intel ten can make more CONFIDENT investment decision.
š¦
āDoc, would you be allowed to do 38k thought its a limit of 20k, it just caught my attention that the sp did not reflectā
Viking - they might have sold other stock in their ISA to cover the switch. Either way, it doesnāt look like a straightforward buy or sell.
Roxy, best time ever to buy? Hmm, thereās been better, like when it was 2p! Or it might be in 8 days time. Weāll know very soon.
Iād becoming a white knuckle ride for me Iām fearing the governor has eloped and without his signature we cannot proceed for whatever bureaucratic BS government will say we will create a special ruling to override him or hold a meeting to replace him etc I donāt know this silence giving me the PREMis
GLA
This ride is getting interesting as we approach tha AGM in approximately 10 days time.
If those still sitting on the fence and are undecided i can't see them ever taking the plunge as this is the best time as ever.
True the board has a lot to tell us and its also true that its been quite a delay but this is AIM and it should be expected.
GLA
Certain wannabe shorter on here is living in fantasy land, claims his shorted but he hasn't even told us when he opens one and then it's come to fruition,
Mond a few times he has tried this on matd but share price went up š
Just sad individuals just let them think they are winning although most likely depressed and stressed with losses
You will find the closer to major news and share price move about to happen the more derampers and negative posters appear on every stock, then they all disappear after the RNS lands and share price rockets,
None of your business Wos . I just don't agree with your predictions or opinions . All will be revealed or not within 8 working days .
Amazing opportunity which should not be missed guys.
Nayers claim MATD fails but still here!
Massive rerate not far away.
Just wonder why anybody that is 100% sure about future needs to create fomo to sell before that rns?
Why not just wait and see? Or better buy some shares?
Well it is obvious if you want to see wink wink