Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Mights & might nots - thats Aim investing !
Let's hooe Mike Buck stays 'delighted' ;)
Atb
Couldn't agree more.
It is a BB board so of course cash2 and others you're welcome to your opinion but I don't agree that MATD is dead for 2019, far from it. Only time will tell.
Blue day leading into Heron news. 15% opening on ADVFN at the moment. Don't see why we can't make some strides to getting back to the already low price of 4.20 we had on Wednesday. GLA
Lots of 'long winded' posts (ad nauseum) on why you should 'sell' and repeatedly posted by good hearted individuals, trying to 'help you out' - thank you gentlemen, you've given me renewed hope in the human race ;)
Now, let's skip the rambling and focus on the actual situation - Gazelle was just the side show.
"We valued Gazelle at 1.4p/share (out of our total 20.1p RENAV for Petro Matad)."
Just focus on the above and filter out the 'well meaning' individuals, who are stroking you into selling - for your own good if course.
Atb & have a clear sighted day
Well you invest and you live and learn. The one thing i always advocate is do not get emotionally involved . When it’s time to sell - sell. That’s my choice and I have done that. I am not here to make decisions for others or influence but a balanced discussion is necessary. What’s interesting is whether I will be right or not. We will see over the next weeks. But as I have said I can’t see how the results of heron will be outstanding. If they were the initial finding would have been. And pros to say gazelle was now a side show geez !!! This was one of the wellls to be drilled not a side show . Don’t dismiss it now. You are too emotionally involved in this. But I had the same kind of discussions with those on Aaog when it was 6 pence. It’s nkw 3 pence.
The choices are yours and so are the consequences - but I’m keeping to see if I am wrong and guess what I could be which is a reality and happy to accept so if it turns out that way
Agree Cash2, Not sure if you made anything out of this dog of a stock but at least you got out....This is the end of MATD and if you can't see it then you are too emotionally involved with this stock.
Heron won't produce anything significant that can create revenue (even if it did where would they get funds to turn it into a commercial concern?). Poor target selection, Poor interpretation of data, wild goose drilling in the wild east ever more erosion of $$ and shareholder value - This is MATD management for you. A 4 well program that turned into 3 wells and all dusters or non commercial. Flee
Cash, Gazelle was nothing but a side show. They needed to drill it as a back up, in case Heron and Red Deer did not strike oil As it transpires although the main target has failed the secondary target has now proven the strat pinch out play in Block XX which leads to material upside in new proven leads. They may also sidetrack Gazelle, if the seismic reprocessing with drill data gives them good read.
The location of Gazelle one was optimal for the main target and sub optimal for the secondary, this is seen from the thin net pay, but it will be thicker in the optimal location for drilling the secondary. Gazelle is far from over.
The market is waiting to see if Heron is commercial......if confirmed flowing at 200 bopd then it is, then Heron comes into play.
25 MMBO in size is worth 18p a share. All the market wants to know is, does it flow...is it commercial.
If that is confirmed then this will rerate upwards a long way as MATD has a company maker commercial well and is then a producer......... :)
I’m happy to be corrected once the results are out but there is nothing herons results can show that are out of the ordinary. It could probably say they are good enough to look into production. Do you think that will drive the sp back to 9 p ? If heron were outstanding we would have known from the initial findings themselves. This was a three well share that went down to two and now one. You got to look at the big picture. It’s over for 2019 as I see it but I’m happy to be corrected once that rns is out. But there is nothing it can say that will catapult the share price it’s not like 2017 when jog found oil in a side drill. This won’t happen - it’s just testing something found which they are hoping is commercial enough. That’s the hope if there is anything unclear or uncertain in that rns I’m fairlysure the drift will continue
But like I said let’s wait till it is out and we will see what the rns says . I sold out today I’m done with Matd . I made the bold decision months ago with Aaog . I was told I was wrong . Fine . Look at the price now. It went from 8 to 7 to 6 to then 2 and now 3 p. I just don’t see a future for Matd in the short term. If heron is good you are stilll lookingst. Very long term.
But we will see . Let’s wait results and discuss
You know no more than anyone else regarding Heron? You can’t say the outcome is already out.
If the results of the testing and stimulation are good then of course it will drive the SP back up.
There has been no ‘leaks’ on this drill campaign.
So why do you presume there is one now?
Not having a go at you btw. at least you are decent enough to discuss not like some of these idiots that come on here.
Let’s wait and see.
Gazelle isn’t over yet either, why do the casing?
We shall see.
Because the outcome of heron is already out but hey judging by your tone you seem confident - let’s talk again once the specific results of heron are out and then we will see
And you are qualified in this opinion because?
You are living in another world if you seriously think any type of heron result is going to drive this back up. It won’t . It’s game over for Matd for 2019. Maybe 2020 velo ur that’s it for 2019
MM's playing everyone for fools with that drop, Gazelle is not even a write off yet....
Couldn't agree more. GAZELLE less than half the size off mmbo to Heron 1.
All these naysayers will be found wanting
I'm happy to loadup as wait won't be long for Heron 1 flows.
Gla
It
Bonum,
That means we still can see the share price at 20.1p? This is correct?
Pros
Flash note is irrelevant. Investors are expecting this to bounce back big - it won't. You are smart enough to know this. This required gazelle and heron. Gazelle is over. Heron - uncertainty. It was not a gusher. They found oil. Need to know what it is. It is real risky from here. That's the truth.
Maybe next year with velo - but it's over for 2019 now just as it was over last year with Snow and WL.
"Gazelle only valued at 1.4p, out of a total 20.1p RENAV for PetroMatad"
Puts things into perspective and a more rational perspective, imho
Atb & have a good evening
Financials
Petro Matad closed FY18 with $2.1m incash and $19.2m in financial assets, enough to cover its four-well 2019/20 exploration and appraisal campaign. It ended H119 with $16.1m in net cash. Additional funding would be required to commit to an exploration programme and to support group G&A beyond 2020.
We assume a short-term debt facility for the initial two years of development (2021–22).
Indeed. Many missing the point. I have topped up today and eagerly await Heron results.
Heron-1 flowing is a company maker here........turns MATD into a producer, with cash flow coming in and access to bank debt going forward.
All eyes indeed, on Heron.
Edison Flash Note out.
https://www.edisongroup.com/wp-content/uploads/2019/10/Petro-Matad-Gazelle-1-results-2.pdf
.