Member Info for Surin

Bearded...correction...i have always found VAST to be untrustworthy....sorry

Thorno...i am not convinced, but best wishes...no more from me on matd...this is the Wg board, though need some way to pass the time...

Bearded, i have always found VAST to be trustworthy, GST (thats the Singaporean fintech Company), if I am correct, i have always wondered why. They listed in London when Singapore is so at the centre of digital finance, blockchain etc. have a look at KOD, if you think you can trust Fosun International/hainan and the Malian government.i have spent a lot of thime thinking about Kod. I am happy with my investments.

If Matd had such prospects, i suspect Petro China, and the Chinese and Mongolian governments would have taken MATD out. As it is MATD has spent millions on exploration with little to show for it...

Thorno, i thought petro china were heavily involved in Mongolia?

Thorno, i may come and join you in the matd board someday...i am invested, but it is a punt for me...and i have not been impressed with the jam tomorrow but little actually delivered to raised expectations.

Kipper, have a look at KOD, there is a seller keeping price down. In production start up, ready to ship lithium with a floor price guaranteed, in partnership with a large Chinese Conglomerate. Also has gold assets.

Kipper 1sn is very early stage. Gsm with their chinese backers (power china?)may be a better bet in banglas changing political and economic landscape...but historic gsm related killing ((I think they were Asia Resources then) pose quite a risk

Thorn re MATD what happened at heron 2, and is Heron 1 performing as expected? How much has MATD CEO raised since its existence compared to its market cap?

Except wood are in a bid situation while pfc are about to dilute like a homeopath, and the consolidate...what is it 2500:1...i only briefly looked at pfc so may be wrong

...that was incomplete...35p is in the bag. The major issue is whether the shareholders would accept it, and how high Sidara is willing to go. In the meantime lets see if moore business comes woods way, or if we get others sniffing, attracted by Sidaras continued resilience, after extensive due diligence etc, in pursuing Wood.

For those 'in' time to reflect on the role of the lenders in this. To me they have been flexible. Sidara conditions/requirements from the 'relationship' banks will be met, and i think the RCF will be extended. 35p is in the bag

Luca, i am surprised the doomster, gloomsters, deplorables are still at it. Now we can let the news do the talking...

Bearded was there fraud in the 'dodgy accounting practices' or was it 'creative accounting' unrectified or were certain practices/approaches used that were inappropriate? Were the accounting issues extensive throughout the organization or limited in scope but impactful in depth? I dont think we have answers to these questions.

Cheety, woods business developments are reported on their website. See https://www.woodplc.com/news?collection=wood~sp-push-data&query=!nullsearch&start_rank=1&sort=date&f.pageType|pageType=Insight%20-%20Spotlight&f.pageType|pageType=Insight%20-%20Report&f.pageType|pageType=Insight%20-%20Viewpoint&f.pageType|pageType=Insight%20-%20Podcast&f.pageType|pageType=Insight%20-%20Article&f.pageType|pageType=Insight%20-%20Blog&f.pageType|pageType=Insight%20-%20Infographic&f.pageType|pageType=Insight%20-%20Immersive%20story

As far as I am aware the reporting regulations vis rns continue.

Ice, we dont kno for sure if they cant extend the debt...it is certainly seems what Sidara seem to be playing on in trying lure the lenders with their offer of a cash injection (i accept you do not think it is necessary)

Surely a first quarter 25 trading update will be out by may/june

Boxter, its not for the BOD to accept, that is a matter for the owners. Owners could replace all or part of bod if owners lost confidence in BOD. If the BOD is the issue, and owners accept BOD recommendation, there is nothing to stop another bidder stepping in, taking over and replacing the BOD. There are a number of things that COULD happen, they can only be predicted in hindsight! A number of posters have pointed to possible different scenarios.

As announced on 31 March 2025, Wood obtained temporary retrospective waivers (valid to 30 April 2025) under its committed debt facilities. These waivers have now been extended until 30 June 2025 and have been extended also to apply to the Company's failure to publish its FY24 accounts by 30 April 2025.

I, dont think the lenders will be an issue, and it will transpire what, if anything, they demand after publication of 24 accounts, which will require restatement of 22, 23 accounts. But I suspect even though the lenders will be aware of the contents of Deloitte, they would need to wait publication of results before they could make formal commitments. Lenders seem happy to be flexible. All good in my opinion, not perfect...but then again if all was good i would not have got in at prices prevailing since Feb.

Ff, enjoy and best with the greyhounds...