Member Info for Doc83

before being so ****sure!

i think it’s very much in the balance this “hoped” for july start date. we’ll see.

Gigi - you’ve clearly not been invested in MATD for too long. If you had, you’d know to never take anything as read and that it’s prudent to wait for something to happen before being so

Yes, let’s go by the RNS.

“Scheduled”, “hopefully”.

Nothing definitive, at least just yet.

GST - It doesn't matter what they are based on. The point is, they are estimates and are not guaranteed or confirmed, as you are misleadingly trying to say.

"Timelines already given & Heron 1 operational start in the next couple of weeks."

ESTIMATED timelines have been given. Deary me.

R&H - have I not been more right than wrong?

GigiSeeThem: "Heron 1 operations starting this month July."

They said "hopefully" starting this month. Do keep up.

As I expected, this is drifting lower. Stas hitting the nail on the head, incredibly there is more doubt following the presentation than before! Expect DQE/PC to further delay things.

Master - it's all about brown paper envelopes!

"He then had the gall to say that both management and Petrovis showed their willingness to participate at ZERO (strongly emphasised) discount to the share price. That's a little laughable zero discount to a share price that was discounted by 46.46% on the previous days closing price of 3.75p."

Stas - I also laughed at this when he said it. I did think 'well why didn't you and Petrovis take up your shares at 3.75p and everyone else at 2p if you were that happy to do it, or put some free cash back into the business?!'

I have also had concerns on DQE and PC for a long time. These so-called negotiations have be ongoing since 2021. Surely a broad agreement/90%+ of it should have been sorted a long time ago.

IMO, we won't see DQE start work in July. And I will not be surprised if there are issues on a commercial agreement with PC.

I did find it interesting that he didn't rule out selling out to PC, and that they were a natural fit for them...

If DQE aren’t onsite this month, that might put the collywobbles up people. The presentation doesn’t seem to have gone down overly well and best guess now is that this will bounce between here and 2.5p until we get confirmation that Heron 1 is all ready to produce.

“Cmon BP, If this company becomes a producer which is happening the share price will kick on”

Symph, ever heard of Touchstone Exploration (TXP)?

They’re being conservative, but today told me that it’s going to take a good while yet to really get Heron generating serious revenue. Certainly 12-18 months to get all the rigs up and running at full tilt. And we’ve got plenty of expense coming up. Unless Gobi comes good, I really don’t see this approaching the likes of 10p for the foreseeable future (i.e. 12-18 months). I do hope the SP gradually improves from here, though. The LTHs (me included in that) certainly deserve it.

Investor - there is probably 1 stock in the FTSE100 that does that each year, if that. A 1 in 100 chance... I wouldn't beat yourself up over it.

Yes, I also noted that. MB seems to think that PC will want their equipment to be used and not sat there dormant. And that the MG/MRPAM will ensure all is sorted. But I agree, how long should it take when MB himself has said they already have a broad outline agreement in place?

Oh, Gawdy. We have another know-it-all on the board!

“Not sure why when we have multiple references to Q3 production we get some posters looking to spread doubt with their hunches & feelings about what was meant lol.”

The doubt is because there have been (quite literally) countless delays and false promises over the years. Sure, things seem to be slowly getting there, and I’m more hopeful than I have been in recent times. But I wouldn’t just dismiss any concerns some might have.

No, Mike and Jerry were at home. The two Mongolian employees were in the same office.

“This looks like ending the day down. I must be missing something, I thought the presentation was positive.”

Harvey, investors are so scarred by previous delays that the fact there was no firm “DQE are onsite” or “will be on x date” means nothing is done just yet.

Trade desk - so just to confirm, you’re basing the “pathway to 25p” on Gobi hitting the motherload, which is a 15% chance?

"I think MB is too cautious. He needs to learn to pump his company."

He's certainly no Elon Musk with regards to flair and flamboyance when presenting! Although perhaps one day he will present and be jumping around the room, at which point we'll know it really is game on.

For now, this is still wait and see... Will DQE really be onsite this month? Hmm, not convinced.

Investor - Not sure where Prof has gone. He's big into his football from what he says on LSE, so maybe he's in Germany ready to get walloped tonight ;)