Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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20p would be fair to shareholders I guess if there would be a buyer.
I wonder who would be potential buyers?
MM manipulation…
OR
The market is saying that another year is going to pass us by with no oil produced and is pricing us accordingly?
I would be amazed if we have a positive RNS anytime soon. If there was one potentially on the horizon, why would MB have decided to do that interview? More likely, he is setting our expectations to not expect anything this year.
From a mid-term perspective, MB's update was actually fairly positive. Everything looks on track, so with a bit of luck on our side to have oil producing year end would be a great result.
What's unfortunate is that the market doesn't operate that way and short term the news put up a big signpost saying 'nothing happening for the next few months' which for AIM might as well mean sell up and go away and demand dries up for 4 months.
I think MB could have probably avoided this by not giving an update at all, but at the same time if there'd been no news the SP would have drifted anyway.
IMHO this is probably a buying opportunity and one to tuck away for 4 months. The fundamentals are still good, it's just more waiting. The risk is that we've been here before and MATD has had a number of false starts. I'll probably be adding to my position.
HAMM: A DCF valuation of Heron is likely 35p plus. I think shareholders would gladly accept 20p given the current circumstances. That would leave the buyer with plenty of upside. The question is “what would be acceptable to Petrovis”,
Takeover would be an option. What would be the fair price?
Price which would be great for a buyer and good for shareholders.
“Nero fiddles while Rome burns”
Buck is useless at all fronts.
In 5 years he has not progressed and has spent almost 30million.
Name me one of his success stories.
Big fat 0
A better scenario than Buck’s departure would be a takeover. The board should consider the interests of shareholders and put the company up for sale.
A line got cut off there at the end of my last post for some reason. I meant to say ;
"At one point I was 60% underwater since I started buying MATD back in 2019, so I'm not too worried about a bit of MM manipulation and their scare tactics. "
In fairness to MB and the rest of the employees at MATD, we don't know what kind of effort or hours they put in, as non of us a privy to the behind the scenes work that goes on in their offices. It's all speculation when people say that MB or others are slacking. They may be frantically busy and working long hours. We just don't know.
So with that MB interview, which some might regard as ' news ' inevitably the MMs have used this to play around with the price action. Just another excuse to drop the price sharply and accumulate more shares cheaply by hitting any stops which were place around the 4p support level. If they bought large quantities suddenly to accumulate, the MMs would push the share price up against themselves - it would be a bit like that scene in Dad's Army where Manwaring bids for an orange in an auction, and finds that Pike who is trying to buy the orange for him has been bidding against him....Plus it creates a sense of panic to shake out any weak holders who spend every minute of every day fretting over their holding. At one point I was 60% underwater since I started buying M
he needs to go plain and simple this is a ******* **** show
He has no clout. He is being played.
Problem us He is never in Mongolia to go and fix this issue.
Look at other CEO s they are on the ground doing their job.
MB has been faced with problems since he has started and he bought it upon himself.
He is dragging everything out. Makes you wonder if JV companies are staying away due to his lack of enthusiasm.
He need to step his game or resign . He is no use to us with this relaxed attitude
Hows the accumulated position looking velcrofly?
Another .5p and maybe this is worth a top up. Pure gamble though.
Market not impressed with Buck... no bang in him
Lots of positive meetings but we are at the mercy of the locals.
BOAZ MINISTER B. BAT-ERDENE HAS A MORNING MEETING WITH THE NATIONAL ASSOCIATION OF MONGOLIA MINES
✅In the framework of the Mongolian Government's "New Revival Policy", a meeting was held with the Mongolian Mining Association at the regular "Morning Meeting" held with the Environment and Tourism Industry and a Memorandum of Cooperation was signed.
✅ At the meeting, representatives of 15 enterprises active in the field of mining, S. Tsogtgerel, TNBD of the Ministry of Internal Affairs and Communications, B. Buyannemeh, Head of the Ministry of Internal Affairs and Communications, B. Buyannemeh, Head of the Ministry of Internal Affairs and Communications Ts. Uranchimeg, Head of the Evaluation and Audit Department G. Enkhmenh and other relevant department and department experts are participating.
COOPERATION IN THE FOLLOWING DIRECTIONS WITHIN THE FRAMEWORK OF THE MEMORANDUM
📌The parties will work together to develop responsible mining by improving cooperation between the public and private sectors in the mineral resources sector, support the "Billion Trees" national movement, improve the implementation of environmental laws and regulations, and fight against illegal mining;
📌Parties to organize joint meetings and discussions on environmental issues facing business activities in the mineral resources sector;
📌Improving and renewing the legal framework of the environmental sector, developing a draft law, and incorporating private sector proposals into it;
📌The Ministry of Education, Culture, Sports, Science and Technology shall cooperate with the Ministry of Education, Culture, Sports, Science and Technology to submit and resolve suggestions and queries from its member organizations;
📌Organize meetings and events to protect the legal interests of investors in the mineral resources sector
📌Organizing multifaceted events aimed at making the participants of every aspect of society, such as local citizens, civil society organizations, etc. aware of the impact of the mining industry and the environment, the laws and the actual effects of the environment industry,
📌Parties can assist each other in their activities by exchanging information related to their activities;
📌Parties will support each other and cooperate in inter-sectoral projects and programs.
Mongolian National Mining Association
Re: Refinery Indian Minister with HIGHEST level Govt contact and direct access to audited account / stage payment info / contractors did personally check progress few weeks ago and pass this 😏
Lot of people know MATD is position for multiple rise so we get some strange post with no backing logic. Thank you mr BP Lol
Also usual "have insider info". When you see there last insider which fall on face even bigger LOL.
Main investment point & Full breakdown of interview / segment in post 14:45.
Main point for newsflow post 15:18
- Like it say MMHI, MRPAM & Land Agency FULLY behind Petro Matad for Heron onstream this year
- All paperwork already sent out for signing
- Herder discussions complete about compensation / alternative grazing
- Law change in place so local council members CANNOT obstruct process or will face imprisonment
- Petro Matad now have better relationship with local council then before
- I expect Renewable contract RNS shortly
Make own investment decision base on own research 🦉
BP - care to elaborate? Takeover, bust…?
My view - MATD will not exist this time next year. Controversial, maybe.
Bowley - you have concerns over the refinery. But in the immediate term, that is irrelevant to MATD. Do you see MATD making progress in the meantime, with these “formalities” and things like agreements with PC?
Thanks Richard, I will contact you.
And you are right filtering that paid troll.I did it at once after reading few his comments testifying that this is written if not a fool, then MB's paid troll for sure.
Mr Bowley VERY simple if you want to prove you have Insider Information like you say.
PLEASE ANSWER QUESTIONS I PUT TO YOU IN 05:37 POST YESTERDAY.
You put lot of post up saying you are this or that but REFUSE to answer simple questions. WHY?
Maybe ones who recommend your post should ask themself same question about you 😏
Read post 15:18 (not 15:48). Same with news on Renewable contract RNS.
// for development which go forward & what I think will be next few week //
Exactly what do you expect to happen "in the next few weeks"?