George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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I'd also be aware of derampers Michaeldoogle. First post and mentions placing which was mentioned by who Tom Winnifrith. Say no more. You need to read up about the company before posting crap - seen all the deramping before
Old disgruntled shareholder here. Tried to raise cash last year but couldn’t
https://www.*************.com/views/62399/breaking-petro-matad-fails-to-raise-2million-placing-aborted
Loads of oil in the ground but costs so much to get it out. The $6m which is probably $4m now won’t touch the sides.
Plus nothing will get done anytime soon as it’s -30 in Mongolia.
I’d say be wary of the ramping seen it all before.
Fully agree:
1. Top priority: LP
2. Drilling new sites: Only if H1 revenues are available or a DQE deal provides respective funds.
MATD shouldn't start drilling before LP granted. I don't really think that MB is that naive to spend money before H1 situation sorted. We still have enough time to sort LP out, but MB should get himself together and push to get the license sorted fast.
Mongolia is very cold -30, so we have 2 more months to go but that doesn't mean everything should be left to the last minute.
Are we not missing something here. New blocks being announced is nice and all well and good but the reality is we really need the LP. I am sure MB plan was to get the LP start drilling and fill up the coffers which would give us more bargaining power with whoever we farm out to. But now we will explore with just the 6m in bank which will rapidly go down unless we can start to exploit oil.
For the the new blocks is all well and good but it is just a distraction from main issue and that is the LP. We were promised at beginning of December by MB directly from the Minister of Mining that we would have it within a month. It is now 6 week and which way you cut a month it is much longer than that. I understand that the wheels in Mongolia grind exceedingly slow but I wondering if there is a communication gap between MB and Mongolian Govt as well as MB and us on this board and other shareholders not on this board. GLA
I think LP and new exploration sites will come in together just not sure how price sensitive the new sites are compared to LP but will wait and see as you say GL
They cant keep delaying. Mpram said 10th then 12th now 20th. So lets se what happens tomorrow
I'd like to think so to master but I personally think it'll be the end of the month possibly beginning Feb as it appears nothing in Mongolia seems to happen fast. GLA
New blocks being announced
Why's that?
Tomorrow will be a big day fo PM.
Hamm and TheToe - doh!
What is massive gross? Sounds like my ex
And they are going to take all our oil when we are not looking and take it to planet zog.
Well I thought if we are all making up stories I would join in.
Nearly crashed my car got that excited an RNS.
Boooooooooo. Next time.
MATD expecting massive gross, therefore MATD needs a different broker to be able to cope with this expansion.
It’s just our previous broker has been taken over by Zeus… so all clients pass over . Nothing to see here. A housekeeping RNS
NO, it spells one companies taken over another.
So our business went with it……simples
Does this spell fund raise then ??
Tony Scawthorn
CEO of Zeus
“We look forward to working with Arden’s clients and bringing additional services onto our platform. We believe the synergies, culture and economies of scale provides a strong foundation and commitment to offer our corporate clients a quality service for the long-term.”
https://www.londonstockexchange.com/news-article/MATD/change-of-adviser/15801880
The MMS dictate the sp movement game - at least to a certain extent. Depending on the MMS' plan the sp can go both ways - irrespective of the buy/sell volume.
Way more shares bought than sold today and yet the SP has gone down a little ...
Should start moving up again soon surely.
GLA
Some more light reading while we wait. GLA
https://landportal.org/book/narratives/2021/mongolia