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But if the facts aren’t percolating through to those that need to hear them; i. e. being communicated, then even with all the oul in the world this is going nowhere. Get the news out in an impactful and effective way otherwise we might as well all get used to a disastrously lacklustre share price.
Dexter, spot on re need for a professional communications role here. Mike has at last found the oil, but is sorely in need of someone who can sell this news to key institutions and investors. Communications is a professional role and Mike should recognise this. He has the technical ability, now let someone with outstanding communications skills take on the role of promoting this opportunity to the market.
Communication is the key and will make or break this company from this point onwards. We need to see a step change in marketing the company, getting the news out and attracting the attention of the institutions, without whom the share price will never fulfill its potential.
Well said Manro. There is a substantial vacuum in place of an effective marketing strategy. In the absence of excellence in communications we are left with an ever diminishing share price and open season for anyone wishing to trash the share. Confirming commercial oil will not be sufficient. If the company cannot “sell” the value and opportunity that this represents then I fear some of the more perverse posters on this board may regrettably be right in their assessment of a continuing languishing share price. If this transpires it will be a travesty and a betrayal of all those that have continued to stick by the company across the years. The means to avoid such a scenario is in the hands of Mike and colleagues. Now is the time to deploy these means.
Lack of specificity and clarity in this RNS is very disappointing. It leaves more questions than answers. MATD are extremely poor at communications and need to improve if they are to retain any confidence amongst their investors. If I wanted a binary bet I would have put my money on red or black. I intended to make an educated investment, which is only possible when clear and fully transparent information is forthcoming. This is currently not the case.
They need not be meaningless. Skilled communications are a key asset to any company. MIke B has acknowledged this and is aware of the risks of allowing the void to be filled by malicious malcontents. Removing the oxygen they rely on is the best method of silencing them.
Mr P, honesty, your word not mine. If I am for the sake of argument prepared to concede Transparency this still leaves openness and fairness. Neither of which are being sufficiently satisfied imo. Private investors deserve better from this company.
Ojay, we are not looking for pampering, simply fair, open and transparent dealings. To date the performance imo and clearly the opinion of many others, has been questionable and to the detriment of many long term and loyal supporters of the company.
Spainish, transparency and honesty are essential components of every well governed company. As is the requirement to engender confidence amongst those that financially support the company and facilitate its business. My fear is that MATD has little regard for its investors, private ones at least, and this is time and time again highlighted by failures to deliver on commitments that have been used as a vehicle to secure private investment. Year after year investors have been let down by the company and this latest round of capital raising (with no hard evidence for its requirement) is one more example. Private investors are being treated with contempt. Many are locked in with averages much higher than reasonably can be expected to be achieved without phenomenal success in the drilling campaign. The actions of the company have been reprehensible, but the most disturbing aspect is I expect they do not care.