RE: Exploitation License / Transformational News26 Feb 2020 15:24
I don't think it's particularly useful to engage in direct 'bickering' with any individual poster, albeit how many of us haven't been sucked into that rabbit hole at some point.
It helps to look at the information available and asses the validity of the various viewpoints on offer, to try and profit from the Opportunities available - and there is a major opportunity at the present with MATD, imo.
I think we all agree on the following -
- Exploitation License will be Transformational for the company for the reasons already given and the opening up of the larger scale transition to an Oil producer, that helping to fund further expansion & exploration.
The timeframe for the end of 2019 wasn't a realistic one and Mike Buck was somewhar dismissive of it at the time - the one he stated he was 'very confident' of was for the end of Q1 2020.
It's important to note and as emphasised previously, that PetroMatad are essentially viewed as a domestic Mongolian company listed on the London markets, with the largest shareholder well established within the country's industrial infrastructure - MATD are 'confident' for a reason.
Capt. Stanley is correct when he states the company will require some limited funding to kick start the process of commercialising assets etc - that's already known and important to point out, so let's not shoot him down on that.
Where myself and CS differ ican be referenced to Mike Buck's own words ie the $10-20M will be only partly made up of a placing, if indeed it's required at all.
The first point of call is via a loan from a domestic bank or Entity and referencing again the status of PetroMatad in the country - that is the preferred route to take to preserve shareholder value and recognizing also who our biggest shareholder is.
We are also in talks with PetroChina regarding a potential Joint Venture agreement to facillitate the aforementioned funding - again, specifically stated by the CEO.
If indeed a limited funding is still required and in the context of the aforementioned, it's unlikely (not absolutely impossible) that it'll be a 'bergen style set up) as we already have an bonafide Oil asset to use as collateral to gain acsess to a straight loan or attract a JV partner AND that we previously terminated the contract with bergen as it wasn't in the best shareholder interest.
We need to take all the facts in the relevant context, to arrive at a more acurate picture of what's happening here and what we can expect.
I'm not interested in 'blue sky' thinking nor an overly pessimistic viewpoint - just the best likelihood of what's happening with the informatio available.
Again, let's not forget we already have an oil asset with excellent geology and can reasonably expect the Exploitation License in the next few weeks, which indeed should be Transformational for the company.
I'm very pleased to be holding stock in MATD at this juncture.
Check out Mike Buck's interviews yourself & the compan
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