Thanks for all that VCB....informative. Any view on why the sp keeps moving by huge percentages up and back down?
jimbo - We are currently looking for a farm in partner. BOD says its taking longer than expected. That's because MATD have enough funds for only two drills after squandering earlier cash on poor drill sites. Therefore potential farm in partners are screwing MATD for advantageous deal, knowing MATDs cash position Outcomes; 1. No farm in partner and MATD will be forced to drill Q1/early Q2 on their own (20p on drill spud) 2. Farm in partner drills and bears expenses. Drill would be later as they would want to research possible drill site locations for themselves. Advantage on spud 30p+ as COS increases. 3. MATD don't drill at all and sell licenses (which have just been renewed) Therefore MATD bows out with a whimper = 10p All sp predictions are mine given years of MATD experience and a fair bit of profit. (last time bought at 43p and 84p to sell out at 170p) I currently own 600k shares here. If the drill comes off then think of me as I'll be in Cannes or Nice or somewhere similar. Hope that helps ATB VCB
Hi J.......the tiniest buy or sell moves this up or down by ridiculous percentages. Nothing significant is happening.
Ive noticed some movement in this over the last few days, I'm still holding from 3 years ago during the 150p days (at a loss on these currently). Whats to come? Anyone want to fill me in briefly?
broker buying at 2.15 and selling at 2.75
today. 1.88 to 2.60 !! Although the sales were for minimal amounts.. Will see what my broker quotes tomorrow.
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