Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
btw if anyone's having lazy Sunday check this out: https://www.youtube.com/watch?v=TgS2huAm0Fs It was done before the exploitation license and placing but provides pretty good info - the most interesting bits imo are the corporate tax in Mongolia only 10% and royalties only 10-15%, means a lot of profit for us!
I’m curious to see tomorrow, if you check the trades today this should have closed blue, unless there will be some late printed sells, either way volumes are not bad and it’s getting more attention, onwards & upwards
Don’t know what do you mean, matd has always drilled everything that was planned, if you are referring to the dusters before MB came in, they kept drilling without checking if the wells actually flowed, they were too far from the “source kitchen” and matd has learned from that mistake, heron already flows
Says guy in SDX :D anyway MATD is obviously not long-term investment, only a 6 months trade that’s worth a punt imo, since LSE is a site for sharing stock/trade ideas it’s hardly a spam, but anyway well done everyone here and merry Christmas & happy new year!
Well done everyone who held all the way to these crazy gas prices, if you are going to slice some profits have a look at Petro Matad (MATD), I won’t go over it’s history (not the brightest one) but I will mention just a few main points why I think it’s a great 6-month trade opportunity:
- $10mil fundraise done in July at 3.5p, now trading at 2.9p and getting ready to move!
- Mcap of £24mil (£7.5mil cash) with 194 MMbo (33MMbo+ recoverable) discovered in 2019, discovery well floated 800 bopd
- Awarded Exploitation license this year, production planned in the summer of next year with three wells, all fully funded with processing facilities nearby
- SP historically tends to trend higher in Q1 (drilling season starts around May in Mongolia)
- Much more appraisal potential on the block XX, where Heron was discovered with shallow low-cost wells
- Upcoming news: offtake agreements, rig & equipment contracts, potential JV, start of drilling campaign
-there is also a juicy gap between 3.7-5p
Have a look through the power point presentation (on the website) and video presentations (Youtube) and do your own research, I think it’s definitely worth half an hour of your time!
For all potential new investors:
- $10mil fundraise done in July at 3.5p, now trading at 2.6p (almost 40% discount)
- Mcap of £24mil (£7.5mil cash) with 194 MMbo (33MMbo+ recoverable) discovered in 2019, discovery well floated 800 bopd
- Awarded Exploitation license this year, production planned in the summer of next year with three wells, all fully funded with processing facilities nearby
- SP historically tends to trend higher in Q1 (drilling season starts around May in Mongolia)
- Much more appraisal potential on the block XX, where Heron was discovered with shallow low-cost wells
- Upcoming news: offtake agreements, rig & equipment contracts, potential JV, start of drilling campaign
+juice gap between 3.7-5p as a bonus!
Have a look through the power point presentation (on the website) and video presentations (Youtube) and do your own research, I think it’s definitely worth half an hour of your time!
It’s a guessing game but surely at least 8p? It was 9p this year before the funding just on the license, now we have money/license and a clear way to production, I think this is the best position that this company has ever been in historically