As I mentioned yesterday the MMs seem to be cautiously bullish based on the sp purchases of yesterday and today. Again: just trying to keep the die-hard investor group's spirits high. Let's trust VCB2's assessment of what is currently cooking at MATD.
Look at the market makers...
The market makers may not be extremely adventurous but you never know what they know and their buy today may actually be pointing in the direction VCB2 is mentioning. Just trying to find stuff that keeps our spirits up!
RE: Sweating it out...
Well, ojay, FWIW (and it's not worth much) I think you are going to get both. Farm out and drill programme will come in the short term. Look at the signs; there is buying at a reasonable level, showing we're not dead and buried yet. The employees are still staying alive by selling in small tranches. The bod have enough (at a push) for two shallow drills, but we are waiting for more than that. The acting chair (Oyungerel Janchiv) is a determined woman who has already overseen the ousting of two directors from the boardroom. Her links with Petrovis make her a well connected oil person and she will explore every avenue to make sure her holding of Matd shares bears fruit. My money is definitely on her. PS; Google images of Oyungerel Janchiv and see if you would fancy your chances of crossing her! A single stare would root you to the spot or explode your head. (All dependent on her mood at the time of course)
Sweating it out...
Still hanging in there and waiting for news. Announcement of a farm out partner and drill dates would clearly be best we could expect - but as usual I'm happy with less (as long as it has a positive impact on the sp). All the best guys!
RE: Just hope you can hang...
Eric - glad to hear from you. Just watch for the buys and the sells. The sells are generally only small tranches from the work force trying to keep food on the table (remember the work force agreed to be paid in shares to save cash burn) But, every so often up pops a buy for around 100k shares. I still believe news is very, very close and hoped that those who have been waiting along side us both would at least see some benefits before being forced to sell. As usual, my best wishes to you, ojay and Roullie.
RE: Just hope you can hang...
Roullie might be gone VCB2 but I'm still hanging on. I really hope news comes through in the next 2/3 weeks. The drill date maybe for one of there two free punts!
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