Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
What nonsense! There have been plenty of buying opportunities for this share since oil was found at Heron. The share price goās up and down based on the markets belief in the companies prospects. All these MM conspiracy theories just are just fanciful. I strongly believe however, news of the LP will leak and I will expect to see a rise ahead of the LP been granted.
The oil pipeline through MATD soum only reinforces my belief that MATD's oil at Heron is been kept in the ground until the refinery is built.
Looks like we have all been lead down the garden path by Mike Buck and his lies.
Yes, we have been saying this since the turn of the year. If the LP hadnāt dropped before the Raptor spud then this would become more of gamble than investment. Think predictions back then were sub 1p should we strike dust on the raptor without the LP.
It doesnāt help that our CEO is a drip. It takes a strong personality to succeed in business in corrupt countries. Itās not just a case of greasing the wheels but following up making sure you get something in return. I scratch your back now you scratch mine. You donāt roll over in hope that one day youāll eventually get what you want.
It's highly likely that we won't see the LP for Heron before Velociraptor spuds. If we are lucky we may get it before the drill depth is reached? I am sure most sensible investors here were hoping for the LP prior to spud with the hope of top slicing a few quid and de risking their stake in the raptor drills? Looks to me now that we are all Sh*t or Bust on Velociraptor. Heron feels like a wild goose chase now.
Dozza - I hope I am wrong and you are right. We are fast approaching the end of May and there is still no news!! What's the hold up? Why no explanation from MB? What was his meeting in IOM about it must have been PM related. Why not inform shareholders? If we drift into the Velociraptor spud with no news on the LP then it really will be squeaky bum time.
I fear in Petro Matad's case it means that the oil must be kept in the ground until it can be refined domestically within Mongolia.
Hope I am wrong but its the only logical explanation for the delay.
The market seems to punish the SP at any given moment. A sound company with its product well placed and in demand.
Ripe for a cheap takeover by a foreign investor.