Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
I haven't gotten the complete translation into English yet, only the Mongolian transcript.
It was an interesting read and I think the most important part for us is this (quite early at the beginning)
3 ???? ??????? ?? ????? ??????? ???????? ??? ???????? ??????? ?????????? ???????? ?????????. ?????? ????????????? ???????? ????????? ?????? ???????? ??????? ?????? ?????????? ?????? ????????????. ??? ???????? ?????? ??????. ????? ???? ?? ?????? ??????? ????? ???? ?????????? ?????? ??????? 32 ?????? ??????? ???????????? ?????? ??????? ??????? ?????? ????????? ???? ????????????. ?????? 2 ?? ??????? ?????? ????????? ???? ????? ?????????? ?????.
The third issue is that the Ministry of Economic Development is responsible for foreign investment. In this regard, any issue of foreign capital is brought to the government meeting and presented. There is such a procedure. Before that, we presented to you in a press conference that there were complaints from a total of 32 foreign investors. 2 of them were fully resolved at the government meeting.
If you connect this with the stuff from Master on Tuesday, you can see how this may be a done deal. MB should then be happier than in the pictures.
I will get the full translation probably in 5-10 hours, and I still have some comprehension questions about corruption laws they presumably want to further enforce (naming the Ministry of Mining explicitly). I will post the full translation, but I will spare you the Mongolian one, as I don't see it fit.
But for now, people could ask PM for a comment on the issue regarding the fully resolved complaints.
Stay calm guys ;)
gj master82
you only took 30 hours to read to coordinates on the second page and compare them on a map
but when people say there is no lp and give a public hint they get mad and the post is reported to deletion
IMO this board is in a gold fever and sees left as right and right as left as it fits their agenda
by definition, every buy is a sell and vice versa. Clearly, MM bought up shares of weak holders and offloaded them to big holders after-hours IMO.
If you are selling at this price, are you just total out of this share or do you belong to the 50p believers to reentry? Genuine question!
I think 30-50 is conservative with oil production established. The only question everybody has to ask themselves is: Why should you sell if we have revenue and many more prospects to exploit oil in the region. Good to see you back FA I almost thought you were sick and tired of this board as I was. Keep it up, the minority shouts louder. Almost like the Bolsheviks ;)
Everybody has to have to think about 3 values: sp if successful, sp if not successful, probability of success, 1 - the probability of success -> (v1, v2,p, 1-p)
If you have made your mind about these 3 values and what you think they are then just plot them into this equation
((v1*p)+(v2*p-1))/ sp = x | if x > 5 you should invest some (IMHO); else dont invest
For myself this would be x = (60p*0.8+1p*0.2)/3p = 16. Yes I know 80% is a very high percentage of success but as I see it there are just cold feet around here and news are coming sooner or later, but as it stands an upset in the timeline would be surprising to me as the headroom for management was pretty big and was also acknowledged by management.
As for now I gave you my personal investment case based on the potential risk and reward calculation. This concept isn't anything new and you will probably find way better explanations than I just did here. I just heard somebody talk about it, and tried it on MATD as a reason/explanation why investing in this isn't as bad as everybody says or said (at 2.6p lol).
I think putting things in numeric rationale is always a good thing when you want to determine if an investment case is valid or not.
As almost always,
ATB WM
"Petro Matad's current plan initially proposes several production wells drilled within the existing 3D footprint, following the expected award of Petro Matad's current EL application. This covers a 307km² area over the northern part of Block XX which will enable production revenues to be fast-tracked which will enable production revenues to be fast-tracked from the development of Heron's 25+ MMbl resources estimated. Even though Mongolia is remote, drilling costs and associated facilities are low by comparison with elsewhere in the world and 3,000m exploration wells can be drilled for as little as US$ 2 to US$ 4 million each. Petro Matad is planning the concurrent acquisition of a new 250 km² 3D survey over the exploitation Licence, estimated likely to cost US$ 4-5 million, with a view to a detailed evaluation of the southern closure and location of additional near-field appraisal and exploration well locations."
From July 2020:
http://envoi.co.uk/wp-content/uploads/2020/07/P261PetroMatad(Mongolia-BlockXX)EnvoiIntroductionFlyerJune2020.pdf
10 million USD were raised on the recent placing at 3.5p so it is clear why they postponed the 3D survey. 3 Wells could be also really tight as we don't know the extra cost which may come along, but even if we are just able to get 2 wells up it would just take months to fund a further well.
People seem to discount that we are on paper a very speculative company as we live on a lifeline right now. But as soon as we get the first successful well installed, we will see a huge relief in the market and people being wanting in.
MB always said he had his reasons why to lower the placing to 3.5p because this was still a risky investment in his eyes. Maybe we should all just appreciate that we are at least above placing and this wasn't an all-out scam, prices and interest in MATD are rising and with any positive news, we have a positive catalyst for the sp.
If you compare MATD to Reconnaissance Energy Africa it is even more obvious that we are hugely undervalued. We have better infrastructure and enough buyers to sell our oil for a good margin. Our low valuation is just nuts, but MB said he had reasons so maybe this is more make or break than some of us think.
MATD has a clear path and if you are in here for a simple trade you maybe should have sold already.
FA sums all the key points up and they always fit with the official story PM has given publicly. A simple google search often gives you the information that a company tries to mediate to the public/internet. If we want to start the argument that PM is fraudulent then I hope nobody that believes that, is invested here, which seems to be the case for most of you.
As long we achieve basic revenue to fund further projects our valuation will sector-outperform hugely in the long term.
Very rough profit calculations:
800bbpd *2 (wells) *320days a year*(90$ brentprice -30$ production cost) = 30'720'000 $
Sadly I reached the char limit.
This was the sp at 7th Dec 2021 as the last operational update RNS of PM
People took that RNS badly as the price fell down to 2.6p the following days
People trashing this share now have had the same reasons 1 month ago and come again with the same arguments.
I would be thankful for any share if it appreciated as much in value without any substantial RNS as MATD. It just shows how oversold this stock was and how much underlying value is being ignored, PM's assets are greatly undervalued and the prospect of developing Heron-1 so soon is just pushing the value up over time.
This will be some wild weeks with this share and I am aware that this can drop and so should you, but IMO it is just a matter of time and if you would have wanted to sell before the drill news you should have gotten out at the last rise, would have been a good profit for a short time play.
ATB WMBM
"Pedro, you sound like the typical impatience AIM shareholder, take a chill pill and come back in 12 months ."
For MATD it is the same only does Pedro have to wait 3 months instead of 12.
Found it on RMM BB btw
LSE shows trades closer to the bid as sells and trades closer to the ask as buys, so you shouldn't really use that as an ultimate guide if people are buying or selling, its just how LSE registers and categorizes trades.
@FairAnalyst
Good point with the EIA, there should be no way there is fundraising without even having clarity that they are allowed to drill in Block V. People should believe what PM said they would do, which is focusing on Heron development and moving from explorer to producer.
PS: If you get shaken out by volatility, MM will catch you as there was also a drop from 4p to 2.7p the months before EL news came out. Don't have limit sell orders open, if you believe in this IMHO.
ATB
If I remember correctly Matd said it would focus on Heron first and use its resources there. They also would not have nudged the rns yesterday if they would destroy sp again with a placing, which it definitely would.
Funny how both of you don't seem to get my point that placing overhang and profit-taking is a normal thing and happening right now. They don't have to have all their shares visible in L2, they will deleverage over the next few days so don't be disappointed if you have to wait for news for this thing to pop, as it should be.
But I guess thinking about correlations is hard and just saying this will be double figures also gets more likes I guess and yes this will be at least double figures with news but through solely anticipation I don't see that happening without clearing placing overhang. I for myself did my part and purchased my (hopefully) last tranche today as I don't think overhang will be sold cheaper than this.
IMO
ATB