Member Info for Krok

Made notes for every single idiot convinced that a farm out will be a game changer

Can't wait it's announced, if at all (chances it's completed are not that great anyway)

Will then copy-paste comments of these cretins, we'll see who was right and who was wrong

What this board obviously lacks is an option to compare previous predictions of its users to factual results. Would be zero out of a hundred for most people here

Ray, there will be no significant re-rate in MATD stock on a farm-out announcement.

Even of there is a deal, it will be done based on valuation close to MATD’s current mcap. Mind you, the current market cap reflects the fair value of company's assets as of today pretty well, there is no market inefficiency. Despite what has been told thousands of times by so many cretins here

So if MATD has a farm-out deal, it will not be a solution for shareholders but rather a dilution. One more, after so many

MATD’s issues are so huge and fundamental that the price of oil indeed DOES NOT make any material difference

If it’s $100+/bbl, it can then affect the share price a bit. Whether it’s $55 or $70 doesn’t matter. And the market is pretty efficient in this regard

The share price suggests we have another equity raise any time soon. 0.6p this time?

Or it can be a farm-out deal equally dilutive for s/holders

You dont have a clue

What is 350 bopd today (though it is already less than that) will be 250-280 bopd in 12 months’ time

On this revenue, they are if their net profit is $1.5 mln. Likely, it will be less than that

Most importantly, they spent $10 mn on those two wells. Will never pay back

If you account for dusters, that capex would at least triple. Still the same lousy cashflow from the existing (and declining) production

Exactly right, something have changed today compared to the last couple of weeks, which were surprisingly quiet

If the share price falls below 1p once again, this bunch of idiots will go nuts

99% of today’s discussion is a complete cr@p

Even 60 mmboe of recoverable reserves is nothing but MATD’s fantasy. It was stated years ago, has never been confirmed by a reserve auditor and doesn’t account for the latest drilling information

MATD’s drilled extremely expensive wells so far which produce inefficient volumes of oil to justify such spending

So it remains to be seen whether these “reserves” can be extracted economically at all. The NPV of MATD’s field is a big question mark

I reckon that’s why they haven’t engaged an auditor to prepare a PRMS reserve report

Last time MATD received funding at 0.8p/share, we still haven’t recovered from that

What makes you believe that a farm-out deal, if there is one at all, will be substantially better for MATD shareholders?

All this hype about Iran, Venezuela, Russia is so irrelevant to MATD that it is not even worth mentioning

This are just silly attempts to shift focus from MATD’s company specific issues which are nowhere to be resolved any time soon

Minus six per cent on no news in a single day - but definitely bright future is right behind the corner, lol))

Lovely RNS, where are you?!))

I shared my view on the farm-out already - $10-15 mn for 30-50% of the asset

Cash sufficient to drill 2-4 new wells

It is not good, it’s not bad, it is what this asset is currently worth of

The reaction to the share price will be moderate, at least on the announcement. It will likely stay within 1.0-1.5 p range

Once there is no momentum and grim prospects going forward, every 1/100s of a penny counts for the inevitable rebound indeed!)

Not sure who that "non-concerned" was as he is filtered but definitely one of those happy holders from the sect of UkraineWillWin

No electricity, no production, no revenue, no VAT refund, serious risk of nationalisation, a number of legal disputes, major shareholder a personal enemy of Zelensky, logistical issues

Do not understand why it is still worth that much?

MATD is the only publicly listed resources company I am aware of that has never published a proper PRMS type reserve report certified by a reserve audtitor

Why it that the case, anyone?

Normally, junior resources companies start preparing competent person reports well before drilling the very first well. It all starts with contingent resources numbers which are then unrisked to be later recognised as various types of reserves

Definitely, MATD has its own unique strategy

Are they aware that what is underground their license area would not be recognized as reserves by the likes of D&M, M&L etc? If not, then what?

What are these "recoverable reserves" they referred to in the past? Just some figures from C1+C2 reserves and/or C3+D resources, according to the classification system Mongolia has inherited from USSR?

That said, $20-30 million valuation for MATD's key asset in its current shape in form is not unreasonable. Though I would say $15-20 million is more likely

Those hoping for "hundreds of millions" are just idiots

The guy who wrote this has no clue in business valuation. Farm out deals are all cash in, so $20-30 million for a 50% stake would imply a pre money valuation of $20-30 million for 100% of any particular asset. That has nothing to do with the $40-80 million range he refers to

// Block v $40 -$80 million likely farm in agreement which partner would pay $20 $30 million for 50% stake// Block V has been relinquished in 2024 so valuation on that is useless.

So today’s “normal” piece of news has cost MATD’s shareholders 6% of MCAP, well on excess of £1 mln. Pretty normal indeed

MD will personally get something like £50k per annum instead

Business as usual indeed

So MB has clearly stated by this move that he doesn’t envisage any material progress at MATD in any observable future. So he will have plenty of spare time he will now spend with another company in an advisory role

I am sure this new board seat will not pay him much. Still he agreed to do this damage to MATD

Despite so many examples proving otherwise, I still can’t believe presidents of leading European countries voluntarily choose to waste so much of their allegedly precious time discussing various nonsense that will never materialize. Zero chance

So now they are discussing they will build military bases across Ukraine. Are you kidding me?

Sending people to Mars is more likely to happen

Still they spent the whole weekend discussing various nuances

Unbelievable. Idiots, full stop