Well it’s been an emotional roller-coaster for the Matra faithful. And for all those who have stuck with their investment from the dark days of 1.5p a very fruitful one. 170% increase! Matra are currently on the up and the trend is set to continue as yes Matra are back on Track at A12. Rumours of test production are wafting through the market.
The recent placing at 3.1p was known to be on the cards by the Blog. Those of you who follow the Blogs’ Matra musings will recall the post informing the Blogosphere of Matras’ London meetings. We had a very reliable source whispering in our ear that these talks were re’ a placing however It was decided to with-hold this snippet as a precautionary measure. The fall-out from posting such news would have caused the Blog no end of problems with accusations of insider knowledge! not least with the company itself!
The placing should be seen as further proof that Matras’ main investors are “Happy to invest” After all Peter Hind must have given assurances on production and a forward-looking 12 month plan for the revenue stream that production will give. The whisperings must of contained a double digit sp carrot.
And if you all recall we reported that Matra were looking at other assets in the Urals WHICH Hind all but confirms (“increase our efforts to find suitable opportunities to grow the company further”)
“With the issue of the Competent Person’s Report and the Production Licence in 2010 we have made substantial progress towards the development of the Sokolovskoe Field. With initial production expected shortly the funds will allow us to finalize development plans and to increase our efforts to find suitable opportunities to grow the company further.”
Yes initial production was “expected shortly” so where is the news I hear you shout?
Well the news is with Matra’s Nomad! Once the placing is officially admitted then you can rest assured that news on A12 will quickly follow! “The placing stock will be admitted to trading at 8am 14th Feb’ 2011”
It’s game on here and 12p over the next few months looks like a strong possibility. Production brings revenue,Revenue brings cash and cash increases value and options for growth!
Well done to all the faithful. The rewards should be high!
Eyes on Matra they are set to explode upwards!