I fully agree with Eric. If you've been with MATD for so long you know that it's all about the news. On top of that the dilution has been substantial and there's more to come. So until they find any goodies I dare not even think of more than 20-30p (if the news is promising).
Think your 2011 prices may be a thing of the past. This has a very new level these days. I honestly think teens is realistic. A sniff of the black stuff and who knows though. Would depend on how big a find. They have definitely guaranteed us 2 drills in next two years. If they get skates on I see 1 this year and 1 next. As always dyor.
Thanks for your advice. What kind of share prices are we looking at come 2016. WIll it be similar to 2011 - 180p ish or less?
If you can hold out I would. With the drills they are now funded for by this time next year you will be looking at a very different price. We have been too long down at these lows. Look what happened when the RNS came out a few weeks back. We hit double figures on that. Surely with a drill bit actually turning which is more then can be said for their drilling programme over the last few years, high teens wouldn't be out of the question. The RNS's are genuine golden tickets as far as I can see. I think you may even make your money back Muneeb. If they are lucky enough to find black stuff you will be rolling in it!
Roulette, VCB2, Ojay, Eric
Hi ALL I have been with MATD for five years and I have been following your comments. I appreciate your insight, knowledge and openness and wanted a bit of advice. I am holding just over 100K share with an average about 18P. Would you advice to hold on till next year (2016 - drilling) or cash out this year. As mentioned I have been here for a long time now and am not in a rush. Any comments will be much appreciated.
Just to let you know I have a buy order set for 100k MATD at 5.5p. I'm aiming to make a min of 80% on that trade in 6 months. (bit long to wait for that eric!!) But I'm no mystic Meg. Hope you guys are all OK, and thanks for the faith on here. ATB VCB
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.