Matra Petroleum Share Discussion Threads

[supertedsmith] 29/3/2017 17:20

They released latest figures so would they underplay their reserves .
They just may have unintentionally overplayed things previously who knows -
Just for you Budget the obsessive MB groupie with 'I love Matra ' Tatooed on your buttocks nothing fraudulent took place .
Mistakes happen

But in business one always goes by latest figures .

No news
No updates
No IPO publicity
Two individuals getting around 8% of delisted company's value in back pay .
Small shareholders described dismissively as few thousand .
Company deep in red .
3 .5 years since on AIM
Highly unlikely will get equivalent delist price .

Not looking too hot .

But but things not all bad as poster here recently claimed that new Matra management team are adept at synchronized underwater cooking .

[budgetbond] 29/3/2017 16:58

Super, you haven't answered my question. How can reserves that have been independently valued reduce in value from $149m to $81m?

[supertedsmith] 29/3/2017 16:50

"A poster added that value is ...."You need help .The released accounts show real value .You refuse to accept them but do believe posters whose point of view you like and then take their opinions as facts .I am a poster and am telling you it's a massive .......It's embarrassingly obvious what's going on here for us anyway - You should join some self help group.The question now for me is what to do when this relists at 80% loss -Sell up or hang on .50% loss I am out anything more will sadly have to hang on .Please please let me be wrong

[budgetbond] 29/3/2017 16:33

super, its quite simple. PerTech completed an independant review in June 2016 of the reserves which were confirmed to be worth $149m. A poster who joined ADVFN yesterday has stated that Matra's assets are now worth $81m depsite the POO having gone UP since June 2016.

Explain that one to me.

[supertedsmith] 29/3/2017 16:28

Budget You don't believe the accounts but you do believe in poster saying Vlad still involved .Do you want to buy my shares at delist price -Put your money where your mouth is.Hopeless

[budgetbond] 29/3/2017 16:28

mistera, you joined ADVFN yesterday and posted this to beggarman:

"..I reckon we could all be pleasantly surprised and might be worth holding on to shares for a bit longer. Maxim owns 60% and it's in his interest to see the market cap grow.."

And today you post an 'extract' from the balance sheet that suggests that the company could be worth significantly less that the $100m that the investors were told at the EGM in November the company was worth.

Where are you getting your information from?

[budgetbond] 29/3/2017 16:01

beggarman, I dont believe the accounts extract. A Net Reserve valuation cannot reduce by 50% when the oil price has increased since June 2016

[supertedsmith] 29/3/2017 15:59

80% loss on delist price here we come .
They are going to dilute this to hell .
Doesn't matter if share price rises later .
Three and half years since last traded on main markets .
Waiting another two years so they can get salaries and further legally milk company
On off chance of getting money back is just not on.

What a farce and what a Stich up since thy got involved ,

[beggarman] 29/3/2017 15:44

budget - I take it you have read the 2016 accounts extract from mistras post.

[budgetbond] 29/3/2017 15:42

A Net Reserve valuation cannot reduce by 50% when the oil price has increased since June 2016

[beggarman] 29/3/2017 15:36

The balance sheet is once again top heavy with debt, the figure is similar to the 2014 accounts with over 50% debt. I thought the idea was to strengthen the balance sheet via the reserve revaluation prior to relisting on the stock market, it would appear we are no better off.

[beggarman] 29/3/2017 15:32

Something has gone badly wrong here, the Net Reserves were valued at $145m in June 2016, yet by the year end this figure has slumped to $77m!!

[beggarman] 29/3/2017 15:12

budget - They are only raising around $5m in extra funds. The market cap. is £33m on listing without any additional funds.

[woodpecker25] 29/3/2017 15:08

or salaries...

[budgetbond] 29/3/2017 15:06

So they are raising £35m - what are they raising it for? No investor is going to subscribe if the money is only going to be used to pay down debt

[beggarman] 29/3/2017 13:53

It begs the question why didn't they merge with Dome Energy on a 50/50 basis, there wasn't that much in it at the time.

[budgetbond] 29/3/2017 13:48

mistera, where did you get the balance sheet figures from at the end of December 2016 as they have not been released?

[mistera1978] 29/3/2017 13:36

The value is actually £33m based on subscription price. It reflects the balance sheet also after debt

[calmtrader] 29/3/2017 13:30

Shares in issue not value

[beggarman] 29/3/2017 13:30

calm - If you read misteras post they are valuing the company at £37m, I've just converted it to dollars because previous discussions regarding the valuation were in dollars.

[mistera1978] 29/3/2017 13:21

Obviously this is for the purpose of the subscription pre floatation. Floatation price should be higher but wouldnt expect huge difference

[calmtrader] 29/3/2017 13:21

Beggarman where on earth do you did that up?