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Buy the dips, the trend is up here. 5p this week imo and a lot higher on LP news and firm date set for Velociraptor drilling.
Lockie
You should soon be in good profit with 4.70 avg.
Would sell right now??
Even British Bulls have us at "stay long".. though they change direction like the wind!
What if tensions between the US & China heighten over the Ukraine/Russia situation.. oil could spike to silly levels again... $130-$150pb... Imagine that!
If you do the numbers at $80 oil price, then you get 65p NAV
5p tomorrow looks good IMHO... its only 10% or so uplift from here.... might even see this later today.
The 58p Renav will have to be adjusted upwards if Oil returns to 100+ bucks a barrel... But this makes me more suspicions of a Petro China takeover of little old MATD.... important for MB to get the SP up to a decent level before any games from Petro China!
RENAV 58p at $70 oil price sir. Rising oil price very good for higher price target for MÀTD
Petro China / DQE will want takeover of MÀTD but this is different discussion. Now we focus RNS coming and Velocirapror spud date confirm any day now with big drill & so many other good thing for MÀTD
Many good reason to be happy & mr Thorngason right when he say no stress now he has share tu k away for SP rises :)
i saw some massive snowflakes outside my front door.... then realised it was some teenagers triggered by global warming...while shivering like a wet puppy. ;-)
As I said yesterday matd would have been nearer 8p by now if only the recent placing didn't happen. But the flip side is it has given us money to drill Velociraptor , one of the biggest onshore drills globally this year. And the cost is extremely low compared to others.
That's why the NAV has gone from 29p to 58p.
Then there is the Heron development with the LP due any day.
Buy sit tight as imo will be 10p+ within a month or 2.
.... Oil Prices Are Set To Rise Throughout 2023
By Irina Slav - Mar 07, 2023, 7:00 PM CST
Rising Chinese demand will be the main driver of higher crude prices this year.
A 500,000 bpd drop in Russian crude output could tip the balance in global oil markets.
IEA: global oil demand will hit a record high in 2023.
Could bode very well for MATD's numbers.
My 2.57p top up after the placing.....helped get ave to 4.7p
Go the Yak......i't been years waiting but starting to now feel it's all coming together. GLA
I correct this. Needed funding after EL
LP FULLY FUNDED now :)
Luckily I've already put all I can afford in (and got my Kids to do the same) so don't need to fret about missing the boat.
Just sit back, do a little work perhaps and watch the SP rise and the snow fall outside my window.
Big flakes now.
Very pleasant.
Research say need funding after LP. Now have FULL FUNDING & VELOCIRAPTOR & NEW LICENCE so much higher price target
Think 9p blown away sir
I'm expecting double figures here personally master when LP news drops...just my view....high 4's finish my guess lets see how we roll.
Must BUY in small amount because dip usually very short. Could not even BUY £4k before so buy just over £2K
Always SP push strong into close so happy with BUY today to build my holding.
More low price holder sell & new buy come in for bigger rise coming :)
Might do 100% from here once news of LP has dropped.
Was 9p without LP last year
Big demand. Can sell £40k shares but can't but £10k
Mr Doc it is like you own very valuable land & planning permission pass but just waiting for all signing sir. This is why such great great opportunity sir
International woman Day bless all Mother Sister & Daughter. Also Grandmother even if she was strict
Be happy & kind to all woman :)
Unstoppable.
..even the mm's couldn't hold this back with the weight of buys the crafty feckers
....1.4m bought and they have hardly moved.. some big order being filled and suppressing the rise here??? Hmmmmmm ???
UWOS - you are correct, we do indeed have the asset of Heron with oil. Problem is, we don’t have the LP!
It’s a bit like having land in the UK but no planning permission to build a house on it.
You can repeat yourself as nauseum. Until we have that LP it means nothing. I sincerely hope we get it. It would be nice to have a winner for a change :D