RE: Thursday RNS11 Mar 2025 12:49
Good luck ManxKippers
The risks are simply TOO HIGH and against Matad's favour.
I refer back to my point, if Heron under delivers, or well issues or the export signature preventing Matad from cashing in any potential revenue, then they are literally back to square one but worse.
Matad will be revert back to a company with limited funds, no revenue, and non-commercially viable assets.
All bets forward will be on Borzon, another 8 years, blimey how many placings will there be in the next 8 years do you reckon.
Okay, there is also the renewable energy project but there is so little information available like it's non-existent. We've not heard much progress made on that front and it could be years away to get it to commercial stage in a success case.
Overall, the RISKS are too high, it's a make or break situation in my honest opinion.
Any sniff of bad news, delays, mess ups, the SP could well tank below 1p.
I hope people understand the risks here.