Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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MB has killed the excitement by doing the raise at silly price.
market not even responding to his interview .
He needs to deliver this year or go.
We cant keep listing to same old story.
Its like a script
The money is only going one way - OUT.
And Shareholders to MB: Show - me - the MONEY !!!!!!!!!
WOS, good summary. Thanks
MB comments/interview was fair and honest to me.
Sounds to be super busy and very promising 2023.
Look like big potential Velocirapror spud date RNS & new license block RNS Q1
Nice 500K BUY
03:45 "We are hopeful but let me say CONFIDENT for Heron drill in 2023"
11:00 "Spectacular wind & solar potential" Govt really pushing this and Subateppe already have bring project on line & discussion with China to supply renewable energy.
16:00 MATD help regulator organise new licence round (near field exploration in East & Wildcatting in West) & have big database of whole Mongol geology. Long exploration period of 12 year so finance development from production or partner with company who want to enter Mongol area
1st phase 5 of 14 block and seismic exist so MATD will get them & do reprocess
19:20 What newsflow to expect? Every day full focus on LP to get news out (but confident like he say at beginning) - Drill contractor confirm can do in Q2 so RNS for exact month then RNS for site mobilisation & any other update for Velocirapror - Licencing round update RNS Mongol want to get done quickly and in AGM talk say early March - Renewable project exclusivity
news
Sound very confident & positive for RNS news & watch yourself please then will see :)
Header say all when look at how price go next few week I think :)
Dear all, we were very pleased to catch up with Mike Buck, CEO of Petro Matad after yesterday's RNS. This interview puts the RNS into context and deals with the Heron delays. Of interest is detail on the Velociraptor 1 spud and the local geology, and the SunSteppe renewables joint venture, a future revenue stream for Petro Matad. Plus a bid for a new licence, with potential for more to come in future rounds. Here is the video link - please pass this on to anyone interested. https://youtu.be/IRGBKy5v85k
Yes, good find and comments Bowley.
Thanks
Mr Master will only have to wait about next 2 week for next RNS so see then & Velocirapror update in Q1 :)
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?