Member Info for ID78

You may be right, bad prophet. You may be wrong. Only time will tell.

Meanwhile there are positives in the RNS and should not be ignored. The positives do show MB is not just sitting on a deck chair in Italy. There have been some noteable moves by MATD.

I agree, some significant positives. Some frustration regards delays on materials crossing the border
from China. A mixed bag.

Questions were asked here last Friday and over the weekend about the company, these questions have been addressed, which is good to see.

We are beginning to get an idea of why DQE are taking so long ‘Matad has supplied a multi-year target work programme’.

Share price now down 6% ….

Curioser - MRPAM suggest land access is not a concern:

‘ We are advised by industry regulator, the Mineral Resources and Petroleum Authority of Mongolia (MRPAM), that this will allow work on all Production Sharing Contracts (PSCs) areas to progress without land access delays whilst the planned amendments to the land law that will remove the current legal ambiguities pass through parliament.’

People lose money on AIM by either

Investing in total gambles like wildcat drilling for a resource (MATD has the oil, so not us)
or
Investing in decent companies at the wrong time (MATD is at a price where the oil is not priced in and hopefully it close to production, so again not us)
or
Investing in companies with no substance that exist to fund lifestyle CEOs. … … time will tell if that is MATD but I wouldn’t be invested if I thought that was the case here.

Wait and see what happens over the next couple of months. GLA

Hi Apro,

I’ve not actually paid too much attention too Nyakafura as we will need finance. I’ve been more fo used on Kilamepesa. I was repeating Bebeto’s post where it was suggested the reefs tenement will push our JORC to 2m oz. It struck me if this is true it will have a significant affect on the share price as this is treble the current resource.

Happy to be corrected, I’ve just not researched Tanazania at all so my fault there.

400,000oz…. from the Reefs. Ok, so between that and Kilamepesa drilling we could perhaps soon have close to double that 670,000 oz resource? That will do :)

Finished at 4.10p.

No RNS and 4.05p support held so a storm in a teacup?

Hopefully we get an operational update soon. GLA

As you say, Bebeto, the Reef deposits will treble the JORC resource 2mill oz at the end of this month.

The Kilmapesa results are on the 9th, however we have 2 years exploration at Kilimepesa. I’m not holding my breath for a significant change in share price on the 9th. I do hope I am completely wrong.

The Reefs tenement (you would hope) should shift the share price given it TREBLES the JORC resource….

I have an eye on WSBN simply because it does move very quickly, I think there are few free shares in play.

But it is in a donwtrend and that 11% spike has pulled back. It will need a little more than todays news to breakout (I think)….

GCAT is more appealing as it is a completely different proposition to a pure explorer..

Completely agree terrier, keen for 3p to buy back in again.

I’m not sure they are going to see 3p, but they are working hard for it.

Support is at 4.05 so let’s see where the SP finishes today….

I’m relaxed too, Fred, no RNS so whatever was reported on Friday is not a showstopper, it is not significant. They are legally obliged to communicate any such development.

The reason MATD has not started the workover yet - as has been communicated my MB - is the team contracted has a full order book and we are waiting our slot. This is the reason given by MB any other reason given on this board is just not correct.

I find that annoying too but is very good to see a further test of 1.025 as the new support.

Headder do you mean the placement RNS 14th Feb? I don’t really see any suggestion of needing more funds for production at Kilimapesa… maybe I am missing something but I am struggling to see it.

The interview the other night he did suggest funds would needed for Tanazania but I think he expects the SP to have moved on by then.

Curiouser, please don’t take my comment as an attack or bashing. Just an opinion.

You post good stuff.

Tuesday we will know of this is a storm in a teacup is something more.

I’m off to ask my mum for a few more smarties. Enjoy your weekend everyone

I’m not so sure 3000 is such a large number. 30,000+ perhaps.

The gold mine, I think a response from investor relations would be very welcome by everyone on this board

Hamm took you days to come up for an excuse for looking
like an idiot.

I guess it hurt being pointed out over and over?

IF this is something serious it is price sensitive and there will be an RNS Tuesday.

IF this is normal and par for the course in Mongolia and the hoops we have been jumping through from the start then there will probably not be an RNS.

Wait and see… but it is not clear as day. We are judging from one Facebook page. If it was that important I would expect MB to be there. That he was not suggests otherwise.

Hamm, is this as clear as day, like when to you it was clear as day we can’t drill in the summer as it’s too hot. Which is complete nonsense. You post nonsense.

We have the exploitation licence for Heron.

We don’t have exploration licences for all other prospects.

Stop trying talking nonsense to try and push the SP down.

Results of samples expected in next 10 days…. Not long at all

It’s not a closed period….

Is it considered insider dealing if he buys before the labs release the results? How big a lag is needed between the lab results and the buy?... I don’t know the answers, I’m just an engineer. Just pointing out the grey areas but if someone knows better it would be good to hear.

No matter, the share purchases do show confidence. I’m happy to wait for the news..

Looks like 1.1p is our resistance (for now….)