Looks like some impressive cost hiding tricks here @stevenjd
Page 6 - "Matsa has additional gold and copper projects in Pilbara, nickel in Fraser range and CU/Fe in Thailand- refer to matsa.com.au/projcts for more info" - but there is no mention of the Thai projects on the website...
No mention of the Thai tenements in the tenemnt appendix on P119-120. Quote about expo p43: "As a result of the COVID-19 and the uncertain political and permitting envinroment in Thailand, exploartion activities remain suspended"
Yet somehow, when it comes time to balance the books, (P81), the Thailand operation lost about 490K for the year?
Where is the money really going? Half a mil is a lot of operational costs to have suspended exploration- does not seem like wise money management at all considering hte board is full of bean counters
MAT Price at posting:
6.1¢ Sentiment: None Disclosure: Held
