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So we got an RNS telling us SOON ... we have seen that before... to many times...
And the market agrees: ie why SP is still DoWn for the year after being DoWn in 2023 as well as promiss after hope has not been met...
Will this time be different? Maybe. Nobody knows we will have to wait ..
Will new investors get in? Dont think so. Remains gamble on China Russia an mongolian corruption.
So traders and LTH with small holdings ( i saw a few with just over 800k and according to wos that is laughable small pi) can bump this up a bit furthrr.
Then we wait for real rns...or fundraise. Simple.
For me simple. No need to be here now. Will be better time to go long or short
And WoS when is your next LAST message? SOON?
I will try to make this post clear for REAL Investors.
Mr BP you are not here to help discussion - as you say yourself "I am only here to wind up holders". Many of these holders have families who they try to provide for but your thrill is more important.
You say you have always been right but you tell people 'MATD will go bankrupt and stop trading in a few months" just for more of your thrills.
Mr Doc
You boast you are right in what you say but mostly you say "maybe this happen" or "maybe that happen" - this does not help investment decision.
You say "Maybe Cabinet do NOT pass Special Certification" but anyone who do research understand this will not be case and with Govt policy in 2020 on Fuel Independence.
If you did RESEARCH you will know but like you boast you do NO research but think you can post on investment like this.
One who bother to do Research have to tell you drilling on New Blocks CANNOT happen this year after you do usual 'I am afraid that MAYBE they will drill new blocks this year' - HOW CAN THEY WITHOUT EIA or EL?
RESEARCH WILL HAVE TOLD YOU THIS!
You post every day because you trade this. This is not problem & your choice BUT you get caught talking share down while BUYING same time - only because you cannot help to boast after.
What did you say when caught? - "all fair in love & war"
Mr Doc think all understand you better then you think sir. You are ACTIVE here to serve your trading. You do NO research but rely on personal attack on posters who get in way of this agenda. This is why you keep quotes from anyone.
Opinion on what "soon" mean is different (fir me few month mean nothing)but when I give EXACT timeframe for RNS I get it right within the day - BOTH TIMES!!
Research helps!
I think shall I write this post or No? Your opinion means nothing to me. Then I understand how many NEW people will come into Investment & how you will try to carry on with your "all fair in love & war" manipulation.
I will not be on BB any more but they deserve better from good RESEARCH BASE posters & to understand what sort of poster you really are!
Agree or not no problem - Karma is good & ignore "love & war" excuses.
Be happy - Good to be holding MATD stock 🦉
Lol doc still at the negativity I did tell you guys this guys got issues, doesn't want any one to be happy or positive, haven't been here too long but always stayed positive, I mean what is negativity going or get you apart from bad energy and unhappiness,
Anyways all that those were positive it's payed off and haven't lost anything
Those that were negative only deteriorated in their own toxic waste
Doc will end up in his grave an unhappy person, suggest he tries grinder and get his rear losened 😂
As far as I can make out Doc the shares are still available to buy on the open market at 3.8p each.
And that's after the company have just announced that they have received all the permissions that they need to commence the Heron 1 well makeover (signatures not withstanding).
Hint, hint.
R&H, No bitterness here. I have my shares and have done for a long time. Too long.
Master…
“Last year I rectified the info I gave.” Only after you’d spiked the SP and got some investors suckered in!
“Why are you here?” To contribute to the debate, offer a different opinion and challenge my own thinking among other things.
“Are you even invested?” Yes, you know this.
“Go and do some research.” You and WOS do a grand job of scouring the web! I couldn’t possibly compete.
“Was I misleading yesterday” A bit. You were making out everything is sorted. There’s more paperwork to be drawn up and more signatures needed. As someone said earlier, Mongolia has a habit of finding new paperwork and processes that need completing. As of right now, we still cannot proceed.
So far I’ve been right to be cautious with timescales, certainly more right than WOS despite all his incredible “intel” and my limited research and investment acumen!
Dozzawba earlier today mentioned something that I was thinking about when the RNS was released. Whatever happened to Gazelle???
Doc83- try to drop the bitterness , cheer you , try a bit of positivity for a change . We’ve had a good RNS . It all improving. Try forget knit picking over old predictions. Just because others are more optimistic about life , the future of this stock etc than you appear to be able too ( perhaps it’s just your nature) but forgive , forget , move on and try a bit of HOPE about the stock . Even if not all we hope for comes to fruit it’s a better way to live and to invest .
Onward and Upwards !! 4.75 p close on Monday .
There you go - shoot me if I’m wrong . Or just join in . Make a prediction Doc!
Doc. Was I misleading yesterday. Why Is the SP up.
Last year I rectified the info I gave.
Why are you here?
Are you even invested?
Go and do some research.
You should've bought some yesterday when I told you in the morning. Before the RNS
Ah, the old WOS trick, losing the argument so let’s go for a low blow and pick on a stock that hasn’t so far worked out to try and dismiss their credibility. From the person who clearly has a perfect track record of picking winners and so told their kids to invest their hard earned in a Mongolian oil stock that “has a track record of non-delivery” 😂
This board is toxic and I recall last year politely asking Master82 what in one of his finds meant we were apparently all systems go and about to hit 15p? I was mocked and told I was stupid for not being able to understand it. The SP shot up IIRC c.30%+ before promptly falling all the way back down. Master had got it all wrong and it was effectively a pump and dump. I’ll keep calling out what I see as nonsense and misinformation.
If this does go belly up, I’ll also take the consolation prize that your smug a55 will be brought down a peg or two.
And Ojay, you’re just a 💩 licking nonentity.
Should Get Another RNS Soon-ish And That Being The Big One.
Excellent post Thornogson - thank you very much.
Doc you never learn anything at an AGM.
"And yes, I don’t trawl through Google search." I know you don't, that's why I don't ever need to thank you!
I don't care where the snippets come from but I have to say Mongolian Social Media appears to be quite a source of information.
And yes WOS posts a lot, and if the content of the post is just the same old, same old I won't bother to reply let alone thank him.
When a company has a track record of non-delivery quite as impressive as Petro Matad's you need to have or find reasons to keep invested when past experience suggests that this is a foolish policy.
All the items I listed, and probably a few more besides, suggested to me that things were indeed moving forward towards Heron oil production.
Only today I was told about the Local Governor being appointed with a Central Government right of veto.
This is huge in my book as he was the power to be a right Royal pain in the ar#e if he wanted to be. He still might choose to be but when it came to re-appointment it would be Bye Bye!
Knowing this and what Central Government's wishes are may wall be enough to make him play ball to prevent this.
Keep posting by all means Doc just don't expect me to pay any attention to a poster who makes a point of saying that he doesn't do any research and doesn't bring anything new to the table, just what he was told at the AGM - one year ago!
And as I've said before I immediately doubt anyone's investment acumen if I know they thought SNG was a good investment, it just defies logic.
Ashelus don't get it, what are you on about now, you lost your marbles again? Nothing to say here so just commenting on others again?
Researchandhold said //BP is like a stain on humanity//
//I CANT SEE A RAISE UNTIL LP is granted.//
I thought Friday's RNS was - LP IS AS GOOD A GRANTED - or is it not?
Wos. Just explained exactly what I was thinking .
Pc deal is not an issue. They need oil for their facilities as their production has dropped.
Pipeline for refinery is from PC facilities. SO PC won't have a choice.
DQE Should pay towards the drilling cost and DQE which is around 2M .
Heron 1 is paid for.
I CANT SEE A RAISE UNTIL LP is granted.
Researchandhold said //BP is like a stain on humanity//
//Hope that help so I can stop posting now!//
IF ONLY!!!!!!!!!!
WOS, Excellent post.
Thanks
5/6p before next RNS.
Hope that help so I can stop posting now! 🦉
Correction -DQE deal conclusionl need confirmation of Operational start (this is what we expect).
INFO out there but you have to do OWN research to find it.
- Drill costs already covered for start of Production and revenue generation will be rapid.
- DQE deal terms agreed & with Head Office for final signature. We always did expect this need confirmation for operational start.
This will mean LOW COST / FAST TRACK development of full field towards 7,000-9,000 bbl a day with some offtake component.
If DQE deal was not on table development will happen in more organic way with Production Revenue supporting this.
- Mr Mike Buck does not see Petro China agreement as problem because land is not own by PC (only lease) & MRPAM who are on "both sides of negotiation". Before anyone ask he & MRPAM know better legal position & negotiation position. He has no concern over this.
- Producer has much more flexible option over funding. Anyone who say it will be same price as when we did not even have go ahead maybe does not understand this point.
- Multiple RNSs we can expect as Company prepare FIELD DEVELOPMENT OPERATIONS and other Newsflow like DQE JV conclusion etc.
Very different from long periods of uncertainty with developments - think most can see situation very different from before so PRICE OUTCOMES DIFFERENT.
Believe who you want - it is your Investment!
Be Wise, Research & Focus on Company move to PRODUCER STATUS - this is major shift in Company development stage with SP which should match 🦉
My guess is Matd have less than £6m right now. However thats enough for two drills if they get the permissions early enough. The revenue from these would keep them going without further activity but to develop the field more rapidly a raise or JV is the only way. The DQE deal is a strange one, its been on the cusp of signature for a long time. The PC arrangement seems to be promised but never actually signed off.
MB stated he has enough money until July at least. My guess is he'll raise after the next bit of good news if its soon. If its not soon and the land access drags on then he will have no choice at soem point. The later he leaves it the more desperate the discount he has to give.
My own view is PC want our oil and have this local governer in their pocket. He seems to have a knack of finding new ways to delay the process.
Researchandhold said //BP is like a stain on humanity//
Last year's placing was for $10million at 2.5p re share - expect similar.
What's your views on a possible placing and at what price?
Do we have enough cash to kick off the 2024 activities?
Why is it taking so long to finalize the deal with PC and DQE? just a few things on my mind...
What options do we have if PC is a no go?
A rise to 5/ 6p and RNSs will push it to double figure.
Lots to go. It is just the start.
This is MATD year.
Brent $83+.
Researchandhold said //BP is like a stain on humanity//
A rise to 5.5p or 6p enabling the "weak" holders can exit with their money back - then fall back below 5p for the long-suffering WOS acolytes to resume their weary sojourn.