Throughout the last twelve months "moratorium" on Matad's progress in Mongolia it has been amusing (and profitable for some ?) to compare and contrast (and possibly be invested in) the Elixir Gas Project (EXR.AX) actually running ahead (despite Govt lockdowns) in Mongolia ? Just an interesting summary here:
Good holding position constructed by MB/Petrovis Covers all the required bases atm. Chance to increase holding in next few days ready for EL when it comes... Repayment from Income !! Borrowing rolled forward into cash raise. But I/we PIs could/would have probably loaned to Matad at 10% if that had been at all possible ?? !! Will be back to double my holding shortly..... Great long term investment here ??
Better Places to be ? Many have hightailed it out of MATD for the duration of this EL fiasco - and this has been a FIASCO And it's Not over yet !! With MATD Funding due to hit the buffers in Q3 if not sooner ?
RE: I got a Share Alert this morning25 Mar 2021 07:51
I fat fingered it there ?? !! Where the HELL did the Ghengis Khan gene get Lost in Mongolia ??
Fortunately I am still in Profit here down to 2.51 pps. And I took half my holding out some months back to invest in something more interesting/ productive elsewhere - not MNB.AX (see below) NOR unfortunately 88E.AX.
Nor EXR.AX that IS currently ACTIVE and "progressing" in Mongolia !!
Here is some gen on MNB to help remind us all what PROGRESS (for others - even in Angola !!) CAN look like.....
NOT for MATD of course but for MND.AX I continue to HOLD Matad of course in some misguided sense of Stupifaction that PM can be stuck in a void of Mongolian Government inaction. Where the he'll did the Ghengis Khan gene get lost