Australian (ASX) Stock Market Forum

MAT - Matsa Resources

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YOUNG_TRADER said:
Looks like its still stuck in that 10c-15c channel Kenna

Will take something special to get it going, an update about development options wouldn't go astray and would be welcomed by most

C'mon guys got strike while the gold price is good and stays good
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Yeah, tracking sideways, and you're right, might take a surprise for them to break up, or a good run on POG through $1000 again.

Will be a potential breakout closer to the top resistance line at 15c fureien.
 

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haha sorry i keep getting confused guess i meant theres "potential" for a "potential breakout", if you know what i mean :p
 
I've been picking up a few of these lately - can't believe how cheap they are. 5 projects that are well positioned and a small market cap. I have a feeling it will take a bit of attention for a re-rating though. Either way, they are hoping to sink the bucket into the ground before the end of the year. And some of the intersects are so shallow which is great for early cash flow and their IRR should be strong. Hopefully they have engaged consultants for their sample pit design, I wonder if I can find that out.
 
MAT SP making nice little gains these last few days. I guess it's just the PoG but it would be a good time for the company to come out with some firm development plans, or at least, as Young Trader has said, development options.
 
matsa ann out regarding the norseman (100% matsa) high grade feasability work at the mt henry and nth scotia deposits

Feasibility work program on‐track for Mining approval before the end of 2009.

Metallurgical and in‐fill drilling program on Mount Henry Small Scale Mining operation completed.

Metallurgical consultant METS has completed a review of historical test‐work and designed the current test‐work program to optimise recovery and extraction using modern metallurgical techniques.

Engineering consultants GHD commissioned to review historical Environmental, Hydro‐geological and Geotechnical work, and design and recommend new programs. Minimal additional work requirements indicated.

North Scotia feasibility and exploration drilling to commence by the end of June.

Strong interest from regional mills for contract processing

...
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cheers :)
 
It would be interesting to know what haulage options are available to MAT, and how far the potential haulage would be. If a company constructs its own haul road(s), they are entitled to a substansial diesel rebate which they would not be eligible for using a public road. Plus there would be the local shire to contend with.

A word of warning, miscellaneous licence applications for haul roads are a major, major obstacle to overcome, and involve in-depth flora and fauna surveys before the DMP would consider granting one. If MAT are lucky enough not to have to go through this process, then mining before the end of the year could be possible. If not, then imo their chances would be slim.
 
Y_T are you still holding?

Looks like this one is going to need some news on development to start heading north.
 
Not too many people seem to be following this one.

It's been creeping up slightly these last few days and I can't believe how cheap their market cap is. Would be a cheap pickup for one of the large neighbouring goldies! Mt Henry project requires no further drilling and they have had some very shallow intercepts in their core drilling.

I'm hanging in there for some development news and this one potentially breaking upwards. They are supposedly on track for mining approval before the end of the year.
 
maverick11 said:
Not too many people seem to be following this one.

It's been creeping up slightly these last few days and I can't believe how cheap their market cap is. Would be a cheap pickup for one of the large neighbouring goldies! Mt Henry project requires no further drilling and they have had some very shallow intercepts in their core drilling.

I'm hanging in there for some development news and this one potentially breaking upwards. They are supposedly on track for mining approval before the end of the year.
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A small market cap isn't necessarily "cheap" but here's hoping!

June quarter report will be interesting, firstly in terms of progress made and secondly re finances. Another call on shareholders at this stage wouldn't be welcome, I imagine.
 
What the hell's going on all of a sudden, volume and SP has really creeped up??

Surely it wouldn't be ASF members?
 
Looks like a pretty outstanding breakout from that sidways movement. Something must be up here you'd think.
 

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An optimistic quarterly report coming up, I suspect!

Let's hope there's more to it than just optimism.

;)
 
oldblue said:
An optimistic quarterly report coming up, I suspect!

Let's hope there's more to it than just optimism.

;)
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Yes, there seems to be some urgency to get into production... but from my discussion with them earlier, I got the impression they were always confident they could improve resourse and grade at current prospects as well as having some other interesting highly regarded grass roots areas to develop later.

Those higher grade shoots have not been well explored and could significantly improve the economics.
 
I actually sold most of my MAT yesterday around the 20c level

I've been holding for ages since 10c-11c and well I just got sick and tired of waiting and hey 100% profit is nothing to scoff at

Still holding a few just in case
 
Its nice to be right

I knew MAT was a safe entry around the 10c level and guessed it would probably get re-rated up well before any toll treatment deal was announced and it did to the tune of 100%

And now finally here's the toll treatment deal

YOUNG_TRADER said:
Hey guys, heres a real cheap goldie I found last week

At 11c I think its a real sleeper and due for a bounce at the very least, but I could be wrong, I thinki any news of toll treatment etc being discussed will be the catalyst for a re-rating

thoughts etc appreciated
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YOUNG_TRADER said:
I still think this will get re-rated hard when the sign a toll treatment deal or even begin discussions, 11c - 16c = 50% 11c-22c = 100% not saying it will happen but just shows the upside and given the free cash flow from the high grade open pit operation could yield $27m - $50m= 30c - 55c there is plenty of upside with limited downside, though I could be wrong
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Just having a bit of a gloat :D
 
Congrats, YT! Well picked.

I'm still holding mine but that's more a matter of inertia than conviction.

I see that the Focus plant has yet to be commissioned. Where are we at with environmental approvals, roading/haulage arrangements/approvals ?
 
I see that MAT's had a couple of good days on reasonably high volume.

Can we expect some more good news?

:rolleyes:
 
I sold all my MAT last week, not for any other reason than the stock has done exactly what I wanted it to do

ie re-rate and give me a 100% return on my money so as hard as it was to not be greedy have banked those profits and moved on to other plays which present re-rate opportunities

ps someones keen to get some at 19c! :cautious:
 
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