RE: MATD - A LITANY OF LOSS28 Jan 2025 12:14
I’d guess most raises are done at a 40% discount, so right now we’d be looking at 0.8p. And probably a billion extra shares in issue.
There will be no soft loan from Petrovis. 1. It’s never been taken up before when it potentially could have. 2. I believe it’s capped at $1.5m which wouldn’t even cover general costs. 3. Petrovis, it would be better off for them to take part in a raise, more cheap shares, further control etc etc.
We always seem to say this, but the next RNS is absolutely vital to MATD’s future. Anything less than the offtake deal signed and revenue received along with increased production from Heron will, IMO, mean a raise that will decimate LTHs to the point I don’t think you’ll see anything like 3p+ and what I would guess are many investors averages. And bear in mind, I say to struggle past 3p because we’ll potentially have another billion shares in issue.
Negative, I agree. But it is where we are.