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It's hard not to have some sympathy for MB when he goes through the sheer amount of bureaucracy and blatant blocking of MATD's trying to progress. And credit where it's due for answering all the questions.
The good news...
- we appear to have cash to run the business for a bit longer yet
- they have taken pay cuts while this is all resolved
The bad news...
- it seems clear this could go on for much, much longer yet
- MB seems hugely frustrated, even more than usual (and who can blame him) but it does show the perilous position we are in.
Someone ask about DQE please. I cannot do it right now
You read my mind - I've tried to get a question in but I think it's too late.
i rest easy with the future prospects of our investments.
i have sympathy with mb and have every confidence in him.
this is the year of the heron.
now stop ****ging each other off and act like adults instead of fighting in the playground.
MB answered my question very well
Can we also stop people saying it's "any day now!!!!!!!!!!!!" "Soon!!!!!!!!!!!!!" "BOOOOOOOOOOOOOOOOM" too...EVERY.SINGLE.BL00DY.DAY?
He chose not to answer the DQE question.
It would appear my question got an answer about the pay reduction but will need to see the full transcript when it is uploaded to their website as I couldn't get onto the call. GLA
Fair play to MB for answering some of my harsh questions.
I thought he will not even look at them.
Is there anyway of listening to it again. I missed the beginning due to very bad coverage of data.
"Can we also stop people saying it's "any day now!!!!!!!!!!!!" "Soon!!!!!!!!!!!!!" "BOOOOOOOOOOOOOOOOM" too...EVERY.SINGLE.BL00DY.DAY?"
Indeed.
WOS - any contrition for getting this so horribly wrong, despite all your intel and research?
It’s going to take a bit longer. There are funds to the end of 2024. Keep you expectations realistic and stop listening to WOS and his BS.
Master - They usually drop a link to the recording at some point.
What exactly has he said about the land access signing off contract ? I have read that it's 'going to take a bit longer ' but what has he stated has held it up ? For me that's the most important point of all.
Master, it will be on PM website shortly
I missed the beginning due to driving . What did he say about district approval on non overlapping land. Do we still need the governor t sign?
MB sounds reasonable. I will stop blaming him anymore. Probably international arbitration is the only self defense we can trigger at the moment. Hope sp will go north as we have no near term cash raise in sight. Who knows, maybe district guys will do us a favor suddenly. fingers crossed.
Dividend question on a company that's not producing had me in stitches. 😂
Master82 ; and also surely, what has been holding up the land access paperwork signing, given that the district committee voted in favour of MATD over 2 months ago now ?
I still think that this is more likely to be the way ahead, whereas the special purpose tripartite agreement would need the signature of the intransigent governor.
Yes I think MB did answer well and I have lot more respect for the guy. He has answered my questions regarding it being personal and regarding the plan to hep the locals.
What good is the cash reserved and sitting for a purpose that you have no control over???
This is long overdue.
The point i am making is nothing changes until the boots are on the ground.
Cash will last until 2025 although when Heron is up and running in 2024 the main focus will be to stabilise this income stream.