Matra Petroleum Share Discussion Threads

[supertedsmith] 27/10/2016 17:58

Salary Bonuses Expenses

[calmtrader] 27/10/2016 17:37

and what have"they" spent it on" loose women or oil assets

[doxford] 27/10/2016 17:29

They certainly did have a cunning plan and it has worked very well. They took our money to the USA and spent it for us.

[calmtrader] 27/10/2016 16:50

i'm sure they have a cunning plan!!

[supertedsmith] 27/10/2016 16:46

We are not dealing with normal dishonest folk here are we Rather a bunch of self serving and highly honest folk .In other words people who are not in any way CROOKS and only think of our interests .

[beggarman] 27/10/2016 16:37

calm - That's all well and good but where are Matra going to get the money from to invest in growth. They can't borrow any more, they will not have sufficient funds to grow the business organically because they have to repay debt. They still need to do a deal to refinance the business.

[calmtrader] 27/10/2016 15:20

as i said..growth stage now "http://www.houstonchronicle.com/business/energy/article/Drillers-spending-increases-indicate-turning-10415958.php?t=26c630b531438d9cbb&cmpid=twitter-premium

[budgetbond] 25/10/2016 17:32

doxford, love the image!

[supertedsmith] 25/10/2016 16:44

Quietly being the operative word

[supertedsmith] 25/10/2016 16:44

Calm

In same way as you were last two years and early this year when you came out with exactly same rubbish about being confident about good news

What Twaddle

[calmtrader] 25/10/2016 16:19

Budget dont think they are worried about it..i think the next few months will be the key and i'm quietly confident we will do well

[doxford] 25/10/2016 16:17

Ah desperate Dan. Secret vodka swilling trips to Russia to gain informative insight into the company, Vlad and Boris kissing his rosy cheeks at the railway terminus. Wonderful man with an unparalleled knowledge of Peruvian rain forest detritus.

[beggarman] 25/10/2016 16:16

budget - By their own admission, the plan was to complete a merger with a listed company, place new shares in the new entity to raise fresh capital and use some of that capital to reduce the debt burden. I would say they are cutting it fine if they intend to do anything before Christmas. I appreciate that if they could complete a merger before Christmas their lenders would give them time to make debt repayments.

[budgetbond] 25/10/2016 16:04

Has anyone else noticed BMD making a reappearance on here?

It's been a long six years since he was pumping them back in 2010

[budgetbond] 25/10/2016 16:03

calm, what's your latest view on the court case?

[budgetbond] 25/10/2016 15:54

"..With regard to debt, Matra USA had 57% of their balance sheet as debt, they reduced this to less than 30% with the reserve re-evaluation but they did not take advantage of the situation by using the strengthened balance sheet to raise fresh capital from the markets and reduce debt.."

Beggarman, to be fair we dont know what they are doing with the reserve re-evaluation - they haven't taken advantage of it ....yet

[calmtrader] 25/10/2016 13:41

Brian yep PANR look a great company and their CEO Jay very engaging Guy..said its his pension..but now has market cap of $225m so any dude wells and it could be painful

[brian boru] 25/10/2016 13:32

calm, there is one BRITISH company drilling in Texas with NO debt - take a look at PANR - I first bought in before I heard of matra and it was languishing around 10p - now over a quid and likely to go much higher, wish I'd doubled up on panr and steered well clear of the Rushski.........

[calmtrader] 25/10/2016 13:32

beggarman yep!!...

[beggarman] 25/10/2016 13:31

Don't forget we own shares in Matra plc, we could be wiped out by this pending court case.

[beggarman] 25/10/2016 13:26

So if we move the operation 200 Miles South we will be laughing!

[beggarman] 25/10/2016 13:19

calm - Let's see what happens in Jauary! My concern is that the debt has already been rolled over once, are Green Bank prepared to keep rolling it over?

If you read my post properly I said they had reduced their debt to equity ratio to below 30% with the reserve re-evaluation but they didn't take advantage of it.

[supertedsmith] 25/10/2016 13:11

They have conned the company by delisting it solely to make money -The delist was on from moment they got on board .RTO was just a ruse to give them more time to work out deal whilst stopping any trading .Name one just one promise they have kept or one thing they have done for shareholders other than milking company to hilt