George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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1-3 months from October lol shame he didn’t have the confidence to put this in an rns! This will be back at 2p by the end of the month
The timeframe within 'the next 20 working days' effectively equates to the time period stated by the Minister of Mines.
It's completely accurate referencing said timeframe given by Mije Buck in the presentation and I expect that RNS droppong between now and then.
Regarding thecdownturn, shares dont go up in a straight line but experience periods of healthy co consolidation.
I fully expect this to co ti ue its trajectory upwards, based on solid & imminent Newsflow expectations
Regards
Why the downturn today?Any views?
Don't think my comprehension needs improvement but I do like to try stay with facts and fact is it doesn't state within the next 20 days as it's not set in stone let's hope it's not a repeat of last year, but just for the record I'm looking forward to PM doing really well especially so if Velociraptor gets drilled real soon. GLA
PV is just making it up - like FA used to do.
Jim, you may need to improve your reading comprehension! Sometimes you need to read between the lines.
Go and watch/listen again.
Guys any short stop is an opportunity to take.
Long and strong
But
88EE
It's in the latest presentation with the new Mininig Minister stating he's well aware of the problem and giving that to.eline for it to be fixed and the LP granted.
That should be at any time now within the next 20 working days, along with the other Newsflow expected near term.
Regards
I also would like to know the same, just listened to the presentation again and all that has been referenced is from October but 1 to 3 months so I think elaborating on dates is 20 days is a bit misleading??
Just to be clear and referring again to what's been officially stated.
Petro Matad DO NOT need local permission re: land access.
They are overriding any local permissions via the Special Designation LP, which has been cleared by MRPAM and has been stated by the Mining Minister, will be issued within the next 20 working days, on the timeline referenced.
A Special Designation doesnt require a change in law, although that's a seperate line that's progressing to circumvent future such issues for other companies also.
The land access issue originated with a change in law in 2017, with the GoM initially asking Petro Matad to effectively 'sort it out at a local level'.
That's been seen to be non productive and why we now have direct intervention by the Minister of Mines.
Mike Buck, whose in constant comms with all relevant departments / personnel expects it to e issued 'any day now' and within the 20 working days referenced- it could quite literally be tomorrow.
In the meantime we're well funded, have all permits & equipment in place for the upcoming Velociraptor drill and have imminant RNSs due on several other news fronts.
It's actually good to see some intraday consolidation and which will support a solid platform for the next pronounced push upwards on the above very near term news developments / expectations.
Regards
The ride back to 2p lol no thanks
I Can't see local governor being anti investment if he is letting Koreans build a large scale transport centre/system costing $35milllion .
MB needs to go and beg and agree to some demands with local governor.
Money makes the world go round in poor countries money will change anything .
The Koreans are building logistics and transport centre in Dornod province . To be ready by next spring.
Looks like stuff is happening in Dornod.
Maybe PM need to just meet locals demand . Can't see it being a huge demand.
Lambo talk of placing and now central government won't allow the land permit - you are so transparent in your comments and the reasons for your comments. Why don't you just buy in and enjoy the ride
The locals do not want matd drilling on their land, the government have never intervened before on local issues such as this, I don’t personally think matd will get the LP from central government, and if they do the cabinet will not be rushed into making a decision, very much doubt anything will happen in 2023, Mike is all talk and no delivery
Many thanks
MATD was at these levels (and lower) when there was no perceived "LP problem" and Heron production was scheduled to start in Q2 2022. Why should getting it cause a big re-rate now?
I think PM just needs a chance by the locals. Maybe build them a nice office at £200k and this LP problem should be solved.
Progressive-research.com :- their report 07.07.2021
"We have looked at the valuation of the operations through a standard
RENAV (Risked Exploration Net Asset Value) derived from discounted cash
flow. Using a flat Brent oil price of US55/bbl, we believe that the base
Heron development could be worth approximately 9.3 p/share. We have
assumed a 50% chance of the company being able to increase Heron’s
reserves up to the target level which would add a further 9.4 p/share to
the valuation. The risked exploration would then add a further 10.1
p/share to this value. This gives an overall RENAV of 28.7p/share.
Investors should view any valuation in the context of their own
assessments of the relevant risks.
phitchens@progressive-research.com "
What analyst said that?Hope they’re right
I feel like I need to copy and paste your posts slating matd for the last 12 months before you bought in lol, cheer up you say haha as I said what a whopper you are
The analyst consensus target price for shares in Petro Matad is 18.77p. That is 495.8% above the last closing price of 3.15p.
Cheer up.
You no longer bashing this share Hamm? I mean you spent all year saying what a crook Mike was and how it was all over for matd…. What a whopper you are lol
As a matter of fact I have added a bit more today. Difficult to buy. I had to make as small chunks as I could. All ending 1,2,3 etc.
Beautiful day,
Hey Hamm,bet you’re pleased you couldn’t sell those ten thousand shares a few days ago!By the way when you want to sell that many shares you should let the stock exchange know.We don’t want you to destabilise the market!