RE: uncertainly breeds doubt27 Jan 2020 15:19
I'd probably have to agree with Capt. Stanley's post at Fri 14:12 tbh, albeit we may both be wrong of course.
It seems to be a better option to await the isduance of the Exploitation licence before undertaking any funding initiative but there's also a requurement for a certain degree of certainty regarding their ability to undertake the initiatives planned.
Mike Buck was quite emphatic when he stated his confidence in being granted the Exploitation Licence by the end of Q1 2020 - however, 'confidence' is not 'certainty', hence I'd assume said funding initiatives are currently being progressed.
MB also refered to the other avenues such as the Farm in one and in a prior interview, stated that any funding may be 'part new equity and part loan based'.
What we may be looking at is a partial fundraising to address the $10-20M needed, but perhaps not as dilutive as the markets anticipating and taking into consideration the upside from progressing the Heron field and other initiatives.
I think when the bigger picture is viewed, with oul revenues coming on stream and the emergence of an established, bonefide oil producer, any limited dilution isn't seen as unduly negative, hence also the push to perhaps get it resolved at the earliest opportunity.
That may not be great for the current SP but it may be overatated by sentiment expectations of such.
I have a large position here, currently not blue unfortunately, however I'm very relaxed about my investment in MATD - indeed, we may get that Farm in RNS as opposed to any fundraising, or in conjunction with such.
Looking behind the immediate short term expectations, Petromatad ate batting with a strong lineup here.
Atb
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