Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
There will be no oil production in 2024. Even if Petro Matad can get the required paper work signed today, they will struggle to get a rig for the pre production drilling, then the time to assess the holes and set up the equipment for production we will be into winter and everything will close down. Petro Matad will have to do a raise to keep the lights on, maybe 2025 will be the year it comes good. But don’t hold your breath, we have been down this road many times.
The offer undervalues Darktrace, there has been a major improvement in this company’s performance over the past year. Going forward Darktrace was on course to be Europe’s too cyber security company. The only thing that has held us back is the association with Mike Lynch, but that connection is reduced with every day he is in America and away from the company. I will hang onto my shares, an improved offer is required.
The conspiracy theorists are out. Claiming that management are keeping the price low so that they can load up on shares. The price is low because this is not a good company, for years I have waited for a re rate but it is just delay and delay. Management claimed that they had a good working knowledge of how Mongolia works, but they have been blindsided constantly.
Anyone thinking of investing, don’t. The drilling season has just started and Petro Matad lacks the paper work to take advantage of this.
They will have to do a fundraise as they have no income and this will mean more dilution. Then at some point maybe a consolidation.
Look on the bright side 2025 could be our year.
Seven days to save the company which seems unlikely. Although COPL is still producing oil at a decent rate, where has the money gone? How have they managed to mismanage this company this badly? Someone will be able to pick up a decent asset at rock bottom prices.
The oil price is moving upwards, potential war in the Middle East, why would you not buy an oil producer with assets in the USA ? The share price is almost a give away, the money they need to raise shareholder s will provide to protect their investments.