RE: And Then The Stena RNS Drops....05 Jun 2020 15:34
As I mentioned previously - In my experience, indications of those sorts of deals aren't mentioned in official Company reports unless they're already progressed and moving towards some form of conclusion - also given the emphasis in said reports of further exploration of 'less dilutive' means of progressing the drill / drills.
I'm looking for that development, accepting only an official RNS will confirm it - very soon hopefully!
I'd prefer to hold for MATD to play out, rather than the multitude of what I consider 'tin pot' investments that abound on Aim - no insult intended to those who hold such.
We're all well aware that we have an existent asset, fast track to monetization and full field development, other potential very lucrative assets.....and agreements already in place with PetroChina and specific mention of possible Partnership agreements with the same.
Prefer to be part of an 'overall' uptrending stock with transformational news due and a limited share issuance......rather than one of the aforementioned type of stocks.
This is a legitimate investment prospect with a well defined and attractive risk profile.
Bought another little batch today - those CLN conversion shares seem to be putting a brake on the price but given the relatively few shares in actual issue, we should reasonably see a rapid upward movement in due course.
At the moment, it's an opportunity to pick up well priced stock, for my modest shareholding.