Matra Petroleum Share Discussion Threads

[maceman] 08/10/2017 08:44

Sounds plausible to me mate.

[beggarman] 07/10/2017 17:19

Suppose Barskiy has done a deal to sell the company for $50m (half price), it would cost $21m to get rid of us at 10sek per share and the rest would go to Rovelo. That would be an incentive to keep the share price low.

[maceman] 07/10/2017 12:54

They wanted the price down with the evasive interview that was given.

[beggarman] 06/10/2017 16:47

There has been a late trade share price now at 6.90sek.

[beggarman] 06/10/2017 16:45

Carniegie are probably waiting to see how low the share price is going, no point buying at seven if you can top up at five or lower.

[rodneyfoster] 06/10/2017 16:26

Pretty catastrophic week share price wise .Now worth around 0.0.3 old money .So much for carniege stocking up .This week ideal time to buy -Looks like there really is no plan other than get out

[doxford] 06/10/2017 11:54

Don't know if a rabbit will suffice, more like a small elephant is needed.

[beggarman] 06/10/2017 10:23

ned - If they refinanced the debt at 7%, i.e. replaced the Melody and Green Bank loans with a cheaper loan. That would be $45m at 7% and interest payments would be $3.15m or $787,500 per quarter. If production was increased to 850 boepd and the price of oil increased to $60 per barrel, they would still lose $285,000 per quarter.

[beggarman] 06/10/2017 10:10

barrie - That's what the market is waiting for. They can drag things out by delaying the sub-contractor payments but they will eventually run out of time.

[maceman] 06/10/2017 10:07

Barrie- most definitely they have. It’s all been planned from years ago. We will see soon.

[barrie16] 06/10/2017 09:40

Beggarman

If it's that urgent, then the management must have some plan ready to go.

[nedhammers1] 06/10/2017 08:52

Thanks Beggar, it's typical, when things look like they are improving. Still surely raising extra funds and negotiating better terms for current loan against rise in oil price might be achievable?

[beggarman] 06/10/2017 08:31

ned - I don't think they can wait that long, they need some cash before Christmas.

[nedhammers1] 06/10/2017 04:40

Right, it looks like the oil price will be slowly increasing as a result of production being held back by OPEC and Russian measures. Surely this will only help MATRA. It must be possible to reduce the interest terms on its loans and with the increase in oil make Matra a good investment going forward? Just putting it out there ...... Rodders baby I miss you ⚒⚒

[doxford] 05/10/2017 08:28

Up 2% on a single trade of 10 shares. Mad.

[beggarman] 04/10/2017 19:07

There was a Q2 operational update in July and Barskiy said in the interview he was getting the figures together.

[rodneyfoster] 04/10/2017 18:38

What makes you think there will be update next week

[beggarman] 04/10/2017 11:07

The order book looks pretty dead, I think shareholders are waiting for the Q3 operational update next week.

[rodneyfoster] 04/10/2017 10:33

Up 4% on 200 volume.Not serious . Imagine trying to offload 10k or more and consequences assuming goes through

[maceman] 03/10/2017 22:19

There’s more to it than that I’m sure.

[rodneyfoster] 03/10/2017 17:55

Cause no one can Any volume and share price would crash

[nedhammers1] 03/10/2017 17:17

So why is no one selling their shares?

[nedhammers1] 03/10/2017 17:16

I say let's get Beggarman on the board of directors .....

[beggarman] 03/10/2017 15:36

I will discount an RTO or taking the company private because they have no money. They have only relisted the company because they had to raise cash, taking private cuts the opportunity to raise money they would soon go bust. RTO they would have to issue shares like confetti to achieve that, they would be better off just placing more shares to raise funds.

I would say either a merger, sale or placing.

Whatever option they take they should also try and refinance the loans, to reduce the interest charges.