Member Info for Krok

It is just a wishful thinking, far away from reality. There are no buyers for these in Ukraine these days, even if FXPO had anything material to sell. Which mining rights, which joint ventures? Just a noise

One thing which most happy holders here fail to understand is that MATD is currently father away from 1000 bopd production than it had been before H1 well. However counter-intuitive this may sound

Before the well’s completion, there were rosy expectations on a future flow rates. Just remember all that nonsense about 800-900 bopd production. Still, more reasonable people hoped the production rate would be somewhat between 300 and 450 bopd. That would make a lot of sense to kick off a full fledged development program

With the actual flow rates and given high associated drilling costs, further development of MATD’s key asset is at risk

A few more wells like H1/H2 and you can kiss it goodbye

Hence the share prices reaction - basically 50-70% below pre drilling levels

The only hope now is that MARD convinces somebody to invest $10-15 mn to drill 2-4 new wells. But no doubt that will be pretty expensive for MATD’s shareholders, as a significant chunk of the field will be gone to a farmout partner

Fantasies on all fronts. So far away from reality, unbelievable

Fantasy: - Transformational Farm Out RNS due imminently

Reality: FO deal, if happens at all, will be as dilutive as most of the previous equity raises

Fantasy: - Massive 'in ground' asset value v current mkt cap

Reality: The MCap reasonably reflects the current value of MATD's assets. The quailty of reserves is mediocre at best, future development is uncertain, economics is poor

Fantasy: - Renewable arm attractcting $ Multi-billions from the EU & Arab parties, inc Saudi Arabia

Reality: Nobody cares about Mongolia, just a remote, tiny market and a highly corrupt country

Fantasy: - Early Dividend introduction strategy, facillitatyed by major Production / Revenue step up via the imminent Farm Out

Reality: Economics of oil production is questinable, short-term dividends is not even a fantasy

Abbzzba "I will start thinking about dividends. 1: When we get to 5000 bopd production. OR 2: If there is 150 million plus buyout of block XX."

Reality: Mongolia's overall production is less than 15 kbopd. It has halved over the last decade and continues a decline. Quality of reserves is poor, key formations are deep in the ground, cost of drilling and development are huge, production from new wells is mediocre

Multigagger on multiple fronts: - keep dreaming!

Which assets can they sell and to whom?

Over $50 mn burnt in 2025, typo

Net cash balances as of:

27.02.26 - $27 mn

31.12.25 - $47 mn

30.06.25 - $50 mn

31.12.24 - $99 mn

So $20 mn was burnt in just two months of 2026, over $20 mn - in 2025

A few more months and game over

MATD is way more likely to have to recognize an impairment provision against what they have spent historically than to revalue its assets to a fair value

Stop dreaming

Got cash just now

It seems that FXPO will have hard time trying to convince its auditor it is a going concern. Cash is evaporating fast, plus there is a real risk of bankruptcy

If this is the case, there will be a delay in publication of FS and the shares will face a risk of suspension

Whatever the farmout is expected to do, it will do only one thing - confirm there is very limited upside in MATD’s core asset. This is by now clear to everyone except for a few delusional idiots here

MATD will get $10-15mn and will have to give away 30-50% of the asset for that. Cash will be sufficient to drill 2-4 wells adding 300-800 bopd gross production overall

The share price will stay within a 1.0-1.5p range post announcement. Major re-rate? Extremely unlikely

Mark my words

I don’t understand why we are trading at almost 10% below the raise price of 1.2p

Who is selling at this level and why?

To be a long-term play, FXPO needs to somehow get cash to finance its loss-making mining business

Its cash balance is rapidly approaching zero. They will not be able to raise debt. Equity raise is hardly possible as well

The end is right behind the corner therefore

So basically the major part of new issued shares will be trasferred to new shareholdes almost one month from now. This means that thses shares will be sold in the market starting from May onwards

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The first tranche of Placing Shares (the "First Tranche Placing Shares"), consisting of 589,000,000 new Ordinary shares (representing approximately 5.5% of the Company's existing issued share capital) is expected to settle on or around 8.00 a.m. on 24 March 2026. Settlement for, and Admission of, the 2,225,681,378 second tranche of Placing Shares (the "Second Tranche Placing Shares"), the Retail Shares and the Subscription Shares (representing approximately 22% of the Company's existing issued share capital) will be subject to the passing of the Resolutions at the General Meeting to be held on or around 14 April 2026

Each and every of us has just given away 25%+ of his equity to new holders as a result of the dilution

On top of that, we have been punished by a severe drop in the share price, which has now to increase 60% just to get where it was a couple of weeks ago

Not bad for a "fully financed project"!

Shall we expect to get the proceeds early next week?

What's the point of claiming it's wonderful when it's plain awful? You have just been ripped off 1/3 of your investment. Let me guess, still a happy holder?

Kefigold, if it was at 0.7p, they could have raised $100 mn and the deal would have been even more oversubscribed! The future would then have been even brighter, right?

I reckon we will not get back even to 1.8p in the next couple of months due to plenty of sellers

And not a single word of explanation from the company why they did this

Sharezy, I will repeat my yesterday’s question to you

If there is actually a raise, will you publicly admit here you are an idiot?

Those who sold at 1.7-1.8p recently, though for geopolitical reasons, are lucky, congrats