Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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This isn't gonna rise much even on news ?
A good time to buy in for the ISA
I'll go with after the elections as I think MATAD will be used as some sort of pawn in this long and drawn out saga, hopefully I'm completely wrong. GLA
Just wanted to add that heron includes the block xx exploitation area.
Agree Guyswonga.
This ride is looking more promising now than its been for years. The point of debate will now turn to block xx once heron 1 starts producing.
Aeschylus I think your obsessed with me, but I'm not into guys sorry and a No means no so please don't keep trying it won't work,
Not surprising the market makers pulled it back to 3p, I think MATD rushed the last RNS, but the sign off on the 28th Feb has derisked the likelihood of the green light once the stubborn governor finally signs on the dotted line. May should see the workover on Heron 1, 2 weeks work and soon MATAD all being well will finally after all these years be a producer
Cybertron you seem a little obsessed with Doc?
Cyber i have been in the same room as Doc once...lights were low...nice setting....but
Turns out not to be my type. Talks too much and lacks some assets i prefer. All yours mate
I really do think professional and doc83 should meet up, have this feeling they will be friends for life,
Go on guys give it a try you may turn positive on life
For matad reality is they have achieved nothing tangible for years. They do raise after raise delay after delay..
And still marketcap not low at almost 40mln with cash running low.
Can this change? Ofcourse. But they will have to come with real positive news instead of new hope. Lets see
I look at it differently. If i short and shareprice goes down i give investors opportunity to buy cheap...;)
In the end company/fundamentals will have to deliver and SP will follow when investors agree.
That is why I think it is telling nobody on this BB is buying shares while saying it will multibag soon...makes no sense unless no conviction or no cash
I understand why people short but it is not for me, leaves a bad taste in my mouth.
I'd happily pick up a £5 note off the floor - but I would not be the one cutting a hole in somebodies pocket to help make it happen😁
Horult completely agree.
Only difference: shorting adds even more return especially on AIM. Nothing wrong with shorting. Difference in opinion makes a market.
Malcy short and clear on last :news;
Petro Matad are able to get access to Heron 1 but not much else
"hold half your pot and trade half, you are in for any potential rises and have funds to average down/ increase you number of shares on any dips. best of both worlds IMHO"
Yes, I agree with what you wrote Horult. I had already decided to do pretty well that. Let's say that we get another RNS soon announcing that the land access papers have been signed. There will likely be another spike - but this time probably more to previous resistance levels of 8 to 10p. I then intend to sell at least a third of my holding, and after that take it from there. Bank something tangible, rather than keeping a paper profit. There may be another raise straight after anyway.
There's no way if that happens that there will be some kind of smooth upward trending price action as many on here are hoping for. The algos will kick in again on the news, volumes will soar, and then a flood of sell orders will come in once the computers decide to sell and bank their big % gains. So the price action will likely be more volatile than ever.
I believe its safer than holding long term personally. Certainly on AIM.
hold half your pot and trade half, you are in for any potential rises and have funds to average down/ increase you number of shares on any dips. best of both worlds IMHO
Some would say I would miss out with only half money in, when the big rns comes - but I say I'm safer if it suddenly drops and so far have made more than if I had just held
I now have more shares at a better price than my first investment. Ultimate goal of course is to get a whole bunch of shares on a free ride
whatever is right for you. I hope we all make money with whatever strategy works for you ( except shorters #spit)
Horult : with hindsight I would have done exactly the same. Last May for example I could have pocketed nearly a 100% gain when it spiked to about 8p, but I stupidly decided to hold. I could have made 5 or 6 decent profits on the various spikes since late 2019. Every spike has generally been caused by an RNS release. Without high volume very little happens with this share - normal daily volume is extremely low.
"She is talking about PM and PC. And block 19 @20. Have they merged the blocks as a joint venture."
Tbh the activists are either very muddled on their facts (e.g. petro matad is Canadian) or more likely imo they like to muddy the waters (e.g. by tapping into existing angers about the Chinese), so in sum I wouldn't read too much into anything they claim!
Also surely, that would require an RNS?
Horult: that's just great - congrats!
And still - i'ts a gambler's strategy and could easily backfire on you. I guess I would call you a successful hazardeur!
Nearly, Nearly there, The latest RNS puts pressure on the Governor, who of course will not like being outed, but it does seem a matter of time for sign off, either the right size brown envelope turns up, or I would imagine political pressure from above will force his hand, I guess we are seeing traders from 2.8 selling atm
For what its worth. Malcy's take on the RNS.
Oil price, Touchstone, Petro Matad, Molecular Energies.
4 March 2024
Oil was up on Friday after Opec stuck with the 2.2m b/d and Russia cut by 471/- b/d under strange circumstances. Today Touchstone have announced the amending of current facilities to now be fully funded and drilling on all fronts. Petro Matad are able to get access to Heron 1 but not much else and Molecular Energies have another announcement.
Anyone on here good at translating Audio.
Badprophet : MATD is basically a very thinly traded stock with very little volume. If an RNS is released, then it gets a sudden massive injection in the arm as a load of trading desk computers are alerted by the news and subsequent higher volume. Once the sugar rush is over and the trades have been closed, then the volume levels return to normal.
Until MATD actually becomes income generating, then this pattern wont change. AIM is mainly a market for short term trading, due to the possibility of quick and very high % gains. On Friday trading desks might have taken 20 to 30 % gains in a day had they jumped in fast enough - that's why the decisions are mainly made by computers.
Badprophet ; whether the news is considered ' good ' or ' bad ' is immediately shown by the price action, so for example in the Nasdaq pre-market or full market open the technical indicators will show immediately how the news release is being perceived by the market. Then the algos kick in accordingly. The trigger is ' news ' but the subsequent action is all down to technical indicators which the algos are programmed to work with and act on.
Today there is very low volume on MATD, because short term trading will have moved to other stocks with the right technical indicators which may well have been triggered by some kind of ' news. ' It doesn't always require ' news ' however - a support or resistance level may have triggered trading activity.
One way or another market hasn't been convinced yet. Till then traders are the winners and LTHs are suffering.
If we, no longer need LP to start Heron then we should expect operational start/commencing update this week.