Member Info for Unnd

WOS - is it your opinion that the signing of the cooperation agreement is not a material event and will not affect the SP. If so fine but just state that.

Wos it is a material event that would affect the SP and therefore it needs to be announced to the market to prevent insider dealing.

Is it your opinion that when the cooperation agreement is signed that it will not have an effect on the SP?

I don't make the rules the stock exchange does.

Wos - it is a material event that would affect the SP.

This is similar to our discussion when you were wrong about the availability of an RBL.

How do we 'know' Co-Ooerstion Agreement is 'not signed'?

Because it is a material event as most posters have admitted and by virtue of the fact that it is a priority as stated by the CEO.

Adw198 you make some good points.

It would seem foolish for a CEO to commit funds to H1 at this stage given that the Cooperation Agreement is still not signed and therefore MATD have no production revenue or a timescale.

We have less than $2m in the bank and that is depleting at $325k per month plus whatever we spend on Block V11 and the renewables.

If the CA was signed tomorrow the earliest that we would start to receive income would be in June (how long would it take PC to sign a cheque).

The CEO stated at the AGM that it is the prime financial priority to get paid for the oil in storage and that he is in contact with the operator of BlockX1X on a daily basis.

It is BAU (business as usual) whilst talks on any possible JV or take over of the Heron PSC take place.

I33 unfortunately nothing ever gets discussed on this board - pros' or con's.

It is 90% name calling and attacking the messenger rather than discussing the message.

FYI Petrovis hold 17.61% of the share base as confirmed on PM's website.

Abzzba - you completely miss the point again.

It does not matter if it is $200k or $500k for H1, the fact is it is eating into the cash in the bank without a signed Cooperation Agreement, export licence and sale of the oil in store followed by receipt of payment from PC - simple.

Abzzba - like you I am no expert on oil field costs.

However you do not need to be to know which way the finances are going and what the basic running costs of the company are.

I thought I would ask you the question as I rightly thought that you would have already Googled the answer.

This board would be a lot better if posters addressed the message instead of attacking the messenger, which just shows the insecurity in their investment.

Abzzba - does production stop whilst they fit sand screens?

Adw198 - unfortunately we will not know the answer to that until the 2024 final results are published in June/July this year.

Posters appear to be speculating about the monthly cost to run the company.

In this regard we can only go off the last reported accounts in 2023 which stated the wages, salaries and G&A at $3.6m = $300k/month. Therefore it is reasonable to assume it is now around $325k in 2025.

If as the CEO stated the cash at the end of 2024 was around $3m then the cash at the end of April will be around $1.7m unless they have incurred additional costs at Block V11 and the renewables.

If, as Abbza has stated, H1 sand screens costs around $300k then MATD have sufficient funds for the foreseeable future whilst waiting for the Cooperation agreement to be finally executed/

WOS you did not call it right prior to the AGM.

The 2024 5 year plan was to drill 5+ wells per year to build up to 9000bopd. That was facilitated by H1 and H2, as stated by the CEO, 'generating sufficient production revenue to accumulate cash to allow future wells to increase proven reserves and production'.

If I recall you were stating that an RBL was available, soft loan and/or even MG funding - all proven wrong.

The CEO has now changed the strategy because H1 and H2 has not produced the expected revenue at this stage.

Proquo - the reason that the SP is currently rising is due to the anticipation, at long last, that the Cooperation Agreement may be signed and the Export license obtained to enable MATD to hopefully be paid for the oil in storage by the end of April.

It may settle around 2.2p which is what the market priced it at following the 2p equity raise in June last year.

For the record my post following the AGM was correct.

Also for the record i averaged up this am which to paraphrase the CEO 'with acknowledgement of the risk'.

Enthusiasm is one thing shameless ramping is another.

A paid basher today is a paid ramper tomorrow dependent on whether the bucket shop he works for is long or short on a stock.

It looks to me as though we have 2 bucket shops in operation here, one bucket shop long and one bucket shop short.

Unfortunately that stops any proper discussion on the pro's and con's of MATD.

Thorn, I attended the AGM and have listened to it again.

What question - I did not ask a question.

The AGM detailed the steps for 2025 and moving forward and hopefully we can all discuss that.

However the previous actions by the shameless rampers has been appalling.

Proquo - with respect I think you have it the wrong way round. The shameless rampers were stating from last year right up to the AGM that MATD would be drilling H3,H4 and more. When it was pointed out to them that MATD did not have the funds without raising money they would not accept it. An RBL, deferred terms with DQE, soft loan from Petrovis and even that the MG would loan MATD the monies. Anything but a raise.

As it now transpires the shameless rampers were wrong. We do not have the funds and the CEO has now postponed further drilling rather than do a raise.

Slow and steady rather than gung-ho as the rampers espoused.

Fabbzak - try not to be too despondent. It looks like we may have now bottomed out, with the catalyst for the SP slowly moving north being the signing of the Cooperation Agreement followed by the export licence. Positive cashflow in April/May should continue the rise north followed hopefully by an increase in production at H1 in May.

If MATD are then ticking all the boxes then it could lead to PC or one of the discussion entities making an offer. In my simple opinion only, that offer should be based around 33m barrels recoverable x $5 = $165m = 11p/share.

Https://montsame.mn/en/read/361495

I am not sure why it came as a surprise to most that the refinery would not be completed until 2028.

Abzzba posted this link on 10/02/25 which states that the contract for EPC4 was signed in February and that it would take 36 months to complete.