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It’s good that TT has been exposed as a doc/ADW boot licker.

It’d be interesting to know when ADW was “silent” what that meant? Had he sold out? Had his bosses told him to stop because they held? And have now sold?

Now he’s back with vengeance.

They obviously have a re entry price in mind. So they’ll stop at nothing to grind away. In a way, with this level of persistence they could really achieve some good things in the world if they’re used their energy for good.

To save anyone about to read through 137 posts, I’ll give you a recap. ADW and the gang believe a fund raise is coming. MATD won’t sign a farm out. We aren’t cashflow positive. The renewables aren’t worth anything. The refinery doesn’t need our oil.

They are suffering from amnesia again because they keep repeating themselves ad neuseum 🤷🏻‍♂️

You’d have thought they’d simply move on with such a dim view of MATD. But no. Cest la vie. Human behaviour is often hard to understand

Happy Friday all genuine holders. 😀

Unnd and ADW are so so similar. Maybe the same?? The efforts they’ll go to.

Imagine spending so much time on a company you don’t rate the prospects of. You just wouldn’t do that. It’s not normal. We all know why they are here. It’s their dishonesty that stinks the most. Yuk!!

Marg, Doc will pop up soon. His shift at Burger King will be finishing soon no doubt.

The exciting part is renewables currently have zero value attached to them. We’ve also got a pipeline of projects. Funding should be easy to secure. Then you are selling equity in the projects every year. Maybe 2-4 sales per year. Pure profit. Absolutely beautiful 🤩

Oyu Tolgoi and choir battery storage ALREADY FUNDED to ready to build. Both online in 2026. Near term catalysts. Both ready to sell in 2026. Lovely. ☺️

The fact is: very little needs to happen for this to re rate. We have so many potential catalysts. Whilst nobody knows the future, the direction of travel in Mongolia seems quite clear. They’ve spent over $1 billion on a refinery and will need 1. Crude 2. To make a profit 3. To service the debt on it?

Renewables are another massive catalyst here. If you look at the inflows of capital into ESG and “green” projects, it’s trillions globally. Sunsteppe is out AWS. years of being unknown to suddenly being company making.

H2 was flowing 35 bopd before. We only need 50 bopd to be deemed commercial. The issue down the well will be solved in time to put it on stream before winter. More net bopd = more cashflow. Fantastic 😀

The Japanese government gave funding to sunsteppe when it didn’t have revenue. Funding for projects deemed environmental don’t follow the same criteria of other businesses. DYOR

Thanks Abz. Good work. This is why I think a net production of 500bopd is possible by calendar year end. Especially if heron 2 “comes in”.

If you think a discounted raise is coming, why the hell are you holding?? Sell out and buy back in at the massive discount you think is inevitable. Make it make sense Hamm.

Let’s see. In previous years, we didn’t have cashflow. Now we do. So I think it’s misguided to say a raise is inevitable imo. The future is often different from the past. Circumstances change for the better or worse. In MATDs case, for the better imo

Does anyone have experience of RBL? is there a minimum number of bopd threshold to enable borrowing? Petrovis and or banks could fund this expansion. Be good to hear some researched views on the likelihood of RBL. No offence to Hamm, but it seems you’ve sold out again and are pushing a fund raise narrative like it’s inevitable. It kind of makes you look desperate imo.

NDAs are so omnipresent in business now it goes without saying. If you have a contract of employment for any job, there will be clauses in there re this type of thing.

* got us

Mike has “get us” to 350 bopd. And rising. He has more shares than the majority here so you’d need to trust his judgement I suppose. Or sell out and wait on the sidelines maybe??

Renewables are much much easier to raise capital for than oil and gas. They are literally throwing trillions at it. We only need a small piece of that pie to re rate massively.

All parties would have signed an NDA so it’s not really possible to inform shareholders of the specifics. This point should be obvious.

I don’t agree personally. We will have over $5 million revenue with a cost base that’s reduced by circa 70%. Wages being the main expense. 350 bopd is a starting point, not an end point. Heron 1 costs have reduced by 15%. By 2026, one of the renewables projects will be monetisable.

I’d predict a revenue between $15million to $20 million in 2026 so no need for a raise. That’ll come from oil sales and the sale of equity in a renewables project. This all ignores the inevitable farm out. The refinery needs oil. And lots of it.

Cashflow positive✅

350 bopd and rising potentially✅

No debt✅

Farm out talks ongoing✅

Mongolian refinery desperate for our oil✅

Windfall 30% about to land imo✅

Low market capitalisation✅

Up 70% in 30 days✅

Heron 1 with 15% cut in costs✅

Salaries slashed by 70%✅

Petrovis loyal cornerstone investors✅

New licences with same geology as western China✅

Mike Buck over 20 million shares✅

Heron 2 still possibly commercial✅

Renewables worth potentially billions of dollars✅