Member Info for ID78

This comment they made certain to add to each RNS. It is no longer there and given the progress reported in February (in negotiations with AA) I am quite sure everything is agreed and ready for signing off on the deal.

They just need the approvals now.

SCE2AUX - correct.

Everything really is just waiting in the approvals imo.

My take.

Investors have lost faith, hence the SP is so low. However the recent news has removed risk, to some investors, hence the SP has moved off the bottom. Some investors will wait to see actually gold sales to be convinced, and for fair reason as the numbers in the Q3 and Q4 update didn’t make sense.

Ultimately the risk is lower than a month ago (needed funds to stay in business!) and the potential reward is lower as the SP is 50% higher. Wait for gold sales to restore faith and the SP will probably be higher; risk is lower but reward is lower (as SP will probably have moved up).

Again, funding news = less risk, SP moves and you minimise your return.

I think Aprogersons 600oz a month is conservative. Assuming 20 days a month of operations; I remember RM saying 80% plant operation (20% downtime) assuming 20 days assumes 66% days operation, 33% downtime.

Chuck in some HL and I think they will do 900oz gold a month (360tpd) to 1200oz (500tpd).

Then there is the HUGE HL pad - it will be producing gold towards the end of that 180day period.

Ignoring the HUGE HL, working from 900oz to 1200oz a month that’s maybe $720,000 to $960,000 profit a month.

(I’ve assumed the AISC reduces to $1150/oz with the higher grade and gold spot price $1950/oz).

As I said, some people will want to see gold sales to believe it.

‘ Much better to fund a company from the sale of oil produced and certainly much, much better for the Share Price.’

If ONLY there was a company like that out there :-)

Yeah I think the history of MATD is huge potential but the reality has been

- drilling sisters
- fund raises
- time lost doing nothing (not drilling for oil)

However,

- they have an oil find
- the land permit will allow them to sell that oil and become and oil producer
- and there is the potential of the velociraptor drill

The land permit should cause this to re-rate.

Velociraptor if it hits oil could be huge - but even if a duster the land permit changes everything.

Good luck

This massive fund raise I think is what did it

https://irpages2.eqs.com/websites/petromatad/English/1100/news-tool---rns---eqs-group.html?company=&article=25901416&iframe=true

He’s not going to issue an RNS today saying there is a delay.

IF the approvals were given tomorrow and IF all paperwork is ready (good to go for signing) then issuing an RNS today saying there’s a delay, then issuing tomorrow saying all signed off- well he’d look a bit daft (and spend money on issuing 2 RNS’s).

He will wait until he knows for sure it’s another extension and then RNS this.

Lol - I was about to post the same, Seis - how the one poster was having a cracking time talking to himself/herself

Thorny river - My take on that is that he is keen to start Thorny River. Approval could arrive tomorrow, In which case they’ll mine both deposits. Or in 2 months, in which case they’ll decide whether to mine both or just one

Approvals could be a month

Institutions ignite rockets under share prices. That would be nice.

So .. we are taking our first baby steps. First diamonds produced.

Next news will be first diamonds sale - or Thorny River will come through. One or the other.

Unless they find an unusually large / valuable diamond.

Realistically this SP could stagnate a bit longer until sales ramp up to justify the MCAP and/or Thorny River starts producing.

So be it, the SP will reflect value at some point.

If 3.535p or higher -> buys.

Hope this helps

Yeah my buy showed up as a sell.

I’m guessing all the ‘sells’ at the same price were also buys …

JC I did not realise you were one of the peoples front of Judea :)

I normally hate reading this board with the bickering.

However…. today has been a bit of a laugh.

Select126

Exactly.

Everything else is just noise, guesswork, rumour. I’d hope as AA are involved I’d hope that helps us. But this is noise, rumour, guesswork. None of us know the result until it’s announced.

Still find the board change curious, but this itself could just be coincidence.

GLA

What this, a bit of PR?

:)

If you believe in this sort of thing….

Chartwise there is a symmetrical triangle range from the 5th Dec to now.

Higher lows, lower highs

The range is narrowing and is going to end shortly, indicating a movement soon.

‘the symmetrical triangle is a neutral pattern and does not lean in any direction. While the triangle itself is neutral, it still favors the direction of the existing trend and traders look for breakouts in the direction of the trend’

https://www.dailyfx.com/education/technical-analysis-chart-patterns/triangle-pattern.html

(The Existing trend was upwards… an upward breakout could be strong, but of course news blows all charts out the water. Charts are just a marker of market sentiment which changes with news).

I think that 2 things are holding the SP

1) perhaps a bit more PR is needed

2) the market wants actual sales figures.

This really is the ground floor, the first 10 days of producing diamonds (at next to no cost to the company!). The story will only build from here, but sales are what some investors will be wanting to see.

The fact the mining team are not drawing a wage is for me HUGE.

I meant what goes on I the soum rather than in these meetings.

Rather rushed post

Jimi

I was laughing at masters comment on what goes on at these meetings.

It was in no way a reflection on your input or contribution.

Sorry if you took offence.